Industrial Bank of Korea Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Interest Income on Loans	18,954,900	15,814,615	10,986,528	7,692,531	7,590,909	Upgrade
Interest Income on Investments	-	2,662,925	1,697,627	1,064,014	1,129,505	Upgrade
Total Interest Income	18,954,900	18,477,540	12,684,155	8,756,545	8,720,414	Upgrade
Interest Paid on Deposits	11,063,000	2,227,591	1,005,321	534,603	641,056	Upgrade
Interest Paid on Borrowings	-	8,209,900	4,153,484	2,026,439	2,397,687	Upgrade
Total Interest Expense	11,063,000	10,437,491	5,158,805	2,561,042	3,038,743	Upgrade
Net Interest Income	7,891,900	8,040,049	7,525,350	6,195,503	5,681,671	Upgrade
Net Interest Income Growth (YoY)	-1.84%	6.84%	21.46%	9.04%	-2.18%	Upgrade
Income From Trading Activities	-	-6,754,899	-11,637,139	-5,791,592	-7,253,903	Upgrade
Gain (Loss) on Sale of Assets	-	-4,750	-14,647	-3,849	1,437	Upgrade
Gain (Loss) on Sale of Investments	132,200	1,003,724	288,729	595,417	596,216	Upgrade
Gain (Loss) on Sale of Equity Investments	-	141,463	96,585	112,427	60,329	Upgrade
Other Non-Interest Income	1,171,100	8,260,914	13,378,278	7,413,980	8,632,321	Upgrade
Total Non-Interest Income	1,303,300	2,895,378	2,350,994	2,589,388	2,264,336	Upgrade
Non-Interest Income Growth (YoY)	-54.99%	23.16%	-9.21%	14.36%	12.50%	Upgrade
Revenues Before Loan Losses	9,195,200	10,935,427	9,876,344	8,784,891	7,946,007	Upgrade
Provision for Loan Losses	1,695,100	2,076,147	1,485,508	940,428	1,528,738	Upgrade
Revenue	7,500,100	8,859,280	8,390,836	7,844,463	6,417,269	Upgrade
Revenue Growth (YoY)	-15.34%	5.58%	6.97%	22.24%	1.95%	Upgrade
Salaries and Employee Benefits	-	1,559,081	1,577,968	1,650,932	1,485,356	Upgrade
Occupancy Expenses	-	239,562	225,092	218,015	228,850	Upgrade
Amortization of Goodwill & Intangibles	-	67,245	62,166	63,349	63,342	Upgrade
Selling, General & Administrative	2,812,100	628,798	584,602	530,500	520,388	Upgrade
Other Non-Interest Expense	1,067,900	2,706,767	2,175,473	1,955,290	1,881,985	Upgrade
Total Non-Interest Expense	3,906,600	5,361,178	4,758,361	4,518,043	4,316,188	Upgrade
EBT Excluding Unusual Items	3,593,500	3,498,102	3,632,475	3,326,420	2,101,081	Upgrade
Asset Writedown	-	-5,065	-28,270	-8,511	-14,170	Upgrade
Pretax Income	3,593,500	3,493,037	3,604,205	3,317,909	2,086,911	Upgrade
Income Tax Expense	919,700	817,849	929,475	891,968	538,993	Upgrade
Earnings From Continuing Operations	2,673,800	2,675,188	2,674,730	2,425,941	1,547,918	Upgrade
Minority Interest in Earnings	-9,800	-5,503	-7,034	-13,482	-12,213	Upgrade
Net Income	2,664,000	2,669,685	2,667,696	2,412,459	1,535,705	Upgrade
Preferred Dividends & Other Adjustments	-	296,230	295,412	276,279	214,981	Upgrade
Net Income to Common	2,664,000	2,373,455	2,372,284	2,136,180	1,320,724	Upgrade
Net Income Growth	-0.21%	0.07%	10.58%	57.09%	-4.37%	Upgrade
Basic Shares Outstanding	797	797	746	742	668	Upgrade
Diluted Shares Outstanding	797	797	746	742	668	Upgrade
Shares Change (YoY)	-	6.89%	0.48%	11.15%	16.58%	Upgrade
EPS (Basic)	3340.75	2976.40	3179.81	2877.21	1977.20	Upgrade
EPS (Diluted)	3340.75	2976.40	3179.81	2877.00	1977.00	Upgrade
EPS Growth	12.24%	-6.40%	10.53%	45.52%	-11.82%	Upgrade
Dividend Per Share	-	984.000	960.000	780.000	471.000	Upgrade
Dividend Growth	-	2.50%	23.08%	65.61%	-29.70%	Upgrade
Effective Tax Rate	25.59%	23.41%	25.79%	26.88%	25.83%	Upgrade

Source: S&P Global Market Intelligence. Banks template. Financial Sources.