KakaoBank Corp. (KRX: 323410)

KakaoBank Income Statement

Financials in millions KRW. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	1,999,677	1,804,935	1,135,970	710,408	539,264	438,642
Interest Income on Investments	283,486	243,235	157,904	75,577	60,126	55,956
Total Interest Income	2,283,163	2,048,170	1,293,874	785,985	599,390	494,598
Interest Paid on Deposits	1,061,581	926,574	347,604	164,029	190,877	246,668
Interest Paid on Borrowings	6,285	5,626	4,089	656	483	367.49
Total Interest Expense	1,067,866	932,200	351,693	164,685	191,360	247,036
Net Interest Income	1,215,297	1,115,970	942,181	621,300	408,030	247,562
Net Interest Income Growth (YoY)	16.77%	18.45%	51.65%	52.27%	64.82%	34.99%
Gain (Loss) on Sale of Assets	-	-	-	-10	-	-36,438
Gain (Loss) on Sale of Investments	148,713	140,281	34,252	7,704	14,213	48,739
Gain (Loss) on Sale of Equity Investments	1,633	310	-	-	-	-
Other Non-Interest Income	109,149	94,564	101,858	111,347	65,786	28,469
Total Non-Interest Income	477,645	439,144	313,980	279,242	204,902	133,954
Non-Interest Income Growth (YoY)	23.78%	39.86%	12.44%	36.28%	52.96%	100.34%
Revenues Before Loan Losses	1,692,942	1,555,114	1,256,161	900,542	612,932	381,515
Provision for Loan Losses	251,712	248,348	173,222	92,254	60,893	-
Revenue	1,441,230	1,306,766	1,082,939	808,288	552,039	381,515
Revenue Growth (YoY)	17.88%	20.67%	33.98%	46.42%	44.70%	52.45%
Salaries and Employee Benefits	246,087	228,982	188,911	141,599	90,603	72,096
Occupancy Expenses	53,797	49,280	46,769	32,858	29,700	18,572
Federal Deposit Insurance	80,164	69,377	55,332	46,503	39,044	28,125
Amortization of Goodwill & Intangibles	6,920	6,578	14,159	18,789	18,715	17,097
Selling, General & Administrative	138,649	130,694	128,229	81,948	53,694	48,669
Other Non-Interest Expense	367,034	345,555	294,132	229,351	197,597	183,653
Total Non-Interest Expense	907,627	837,559	731,206	551,562	429,707	368,349
EBT Excluding Unusual Items	533,603	469,207	351,733	256,726	122,332	13,167
Pretax Income	533,603	469,207	351,733	256,726	122,332	13,167
Income Tax Expense	131,084	114,295	88,642	52,602	8,696	-566.1
Net Income	402,519	354,912	263,091	204,124	113,636	13,733
Net Income to Common	402,519	354,912	263,091	204,124	113,636	13,733
Net Income Growth	24.57%	34.90%	28.89%	79.63%	727.47%	-
Basic Shares Outstanding	476	476	476	437	368	275
Diluted Shares Outstanding	477	477	477	440	368	275
Shares Change (YoY)	-0.11%	-0.10%	8.54%	19.62%	33.89%	-
EPS (Basic)	844.77	744.95	553.00	467.00	309.00	50.00
EPS (Diluted)	844.02	744.00	551.00	464.00	309.00	50.00
EPS Growth	24.65%	35.03%	18.75%	50.16%	518.00%	-
Effective Tax Rate	24.57%	24.36%	25.20%	20.49%	7.11%	-

Source: S&P Capital IQ. Banks template. Financial Sources.