TBC Bank Group Income Statement

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

Millions GEL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	4,913	4,466	3,569	2,860	2,263	1,827
Interest Income on Investments	121.88	222.98	125.08	87.62	67.51	58.44
Total Interest Income	5,035	4,689	3,695	2,948	2,331	1,886
Interest Paid on Deposits	2,393	2,328	1,864	1,395	1,075	911.27
Net Interest Income	2,642	2,361	1,831	1,553	1,255	974.59
Net Interest Income Growth	22.29%	28.95%	17.91%	23.69%	28.81%	19.66%
Gain (Loss) on Sale of Assets	-	-	-9.8	-	-	26.29
Gain (Loss) on Sale of Investments	-39.98	-12.79	-8.81	-11.91	-3.48	-0.97
Gain (Loss) on Sale of Equity Investments	1.53	0.57	0.57	0.66	0.35	0.84
Other Non-Interest Income	1,034	1,028	1,002	820.06	807.26	439.14
Total Non-Interest Income	995.73	1,016	984.17	808.8	804.13	465.31
Non-Interest Income Growth	-8.29%	3.24%	21.68%	0.58%	72.82%	43.07%
Revenues Before Loan Losses	3,638	3,377	2,815	2,362	2,059	1,440
Provision for Loan Losses	385.44	419.24	190.33	166.7	119.66	-39.8
Revenue	3,252	2,958	2,625	2,195	1,940	1,480
Revenue Growth	14.55%	12.69%	19.59%	13.15%	31.09%	84.84%
Salaries and Employee Benefits	725.31	610.63	539.5	439.76	348.53	287.19
Occupancy Expenses	189.9	168.44	145.29	115.98	101.2	79.89
Selling, General & Administrative	454.84	465.76	369.92	286.28	225.91	168.02
Other Non-Interest Expense	73.68	24.83	18.36	16.92	18.41	11.25
Total Non-Interest Expense	1,444	1,270	1,073	858.93	694.04	546.36
EBT Excluding Unusual Items	1,809	1,688	1,552	1,336	1,246	933.34
Asset Writedown	-11.6	-15.07	-7.62	-2.13	-1.22	-11.98
Other Unusual Items	-	-	-	-	2	-
Pretax Income	1,797	1,673	1,544	1,334	1,247	921.36
Income Tax Expense	254.61	252.94	236.45	193.86	243.21	112.36
Earnings From Continuing Operations	1,542	1,420	1,308	1,140	1,003	809
Minority Interest in Earnings	-19.44	-22.94	-23.58	-15.8	-8.13	-8.22
Net Income	1,523	1,397	1,284	1,124	995.21	800.78
Net Income to Common	1,523	1,397	1,284	1,124	995.21	800.78
Net Income Growth	13.33%	8.82%	14.22%	12.96%	24.28%	152.01%
Basic Shares Outstanding	-	55	55	54	55	54
Diluted Shares Outstanding	-	56	55	55	56	56
Shares Change	-	1.49%	0.99%	-1.96%	-0.26%	1.20%
EPS (Basic)	-	25.23	23.41	20.74	18.14	14.70
EPS (Diluted)	-	24.96	23.27	20.58	17.86	14.30
EPS Growth	-	7.26%	13.07%	15.23%	24.89%	146.55%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	3.870	8.870	8.100	7.220	5.450	3.660
Dividend Growth	-70.46%	9.51%	12.19%	32.48%	48.91%	-
Effective Tax Rate	14.17%	15.12%	15.31%	14.53%	19.51%	12.20%