Industrial Bank of Korea (LUX:IBKOR)

Industrial Bank of Korea Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	16,003,580	15,814,615	10,986,528	7,692,531	7,590,909
Interest Income on Investments	3,033,730	2,662,925	1,697,627	1,064,014	1,129,505
Total Interest Income	19,037,310	18,477,540	12,684,155	8,756,545	8,720,414
Interest Paid on Deposits	2,161,666	2,227,591	1,005,321	534,603	641,056
Interest Paid on Borrowings	8,901,305	8,209,900	4,153,484	2,026,439	2,397,687
Total Interest Expense	11,062,971	10,437,491	5,158,805	2,561,042	3,038,743
Net Interest Income	7,974,339	8,040,049	7,525,350	6,195,503	5,681,671
Net Interest Income Growth (YoY)	-0.82%	6.84%	21.46%	9.04%	-2.18%
Income From Trading Activities	-10,153,533	-6,754,899	-11,637,139	-5,791,592	-7,253,903
Gain (Loss) on Sale of Assets	-21,973	-4,750	-14,647	-3,849	1,437
Gain (Loss) on Sale of Investments	755,919	1,003,724	288,729	595,417	596,216
Gain (Loss) on Sale of Equity Investments	108,639	141,463	96,585	112,427	60,329
Other Non-Interest Income	11,537,185	8,260,914	13,378,278	7,413,980	8,632,321
Total Non-Interest Income	2,486,445	2,895,378	2,350,994	2,589,388	2,264,336
Non-Interest Income Growth (YoY)	-14.12%	23.16%	-9.21%	14.36%	12.50%
Revenues Before Loan Losses	10,460,784	10,935,427	9,876,344	8,784,891	7,946,007
Provision for Loan Losses	1,720,064	2,076,147	1,485,508	940,428	1,528,738
Revenue	8,740,720	8,859,280	8,390,836	7,844,463	6,417,269
Revenue Growth (YoY)	-1.34%	5.58%	6.97%	22.24%	1.95%
Salaries and Employee Benefits	1,641,162	1,559,081	1,577,968	1,650,932	1,485,356
Occupancy Expenses	258,562	239,562	225,092	218,015	228,850
Amortization of Goodwill & Intangibles	70,845	67,245	62,166	63,349	63,342
Selling, General & Administrative	642,668	628,798	584,602	530,500	520,388
Other Non-Interest Expense	2,386,559	2,706,767	2,175,473	1,955,290	1,881,985
Total Non-Interest Expense	5,172,137	5,361,178	4,758,361	4,518,043	4,316,188
EBT Excluding Unusual Items	3,568,583	3,498,102	3,632,475	3,326,420	2,101,081
Asset Writedown	-1,080	-5,065	-28,270	-8,511	-14,170
Pretax Income	3,567,503	3,493,037	3,604,205	3,317,909	2,086,911
Income Tax Expense	913,165	817,849	929,475	891,968	538,993
Earnings From Continuing Operations	2,654,338	2,675,188	2,674,730	2,425,941	1,547,918
Minority Interest in Earnings	-9,814	-5,503	-7,034	-13,482	-12,213
Net Income	2,644,524	2,669,685	2,667,696	2,412,459	1,535,705
Preferred Dividends & Other Adjustments	167,765	148,115	295,412	276,279	214,981
Net Income to Common	2,476,759	2,521,570	2,372,284	2,136,180	1,320,724
Net Income Growth	-0.94%	0.07%	10.58%	57.09%	-4.37%
Basic Shares Outstanding	797	797	746	742	668
Diluted Shares Outstanding	797	797	746	742	668
Shares Change (YoY)	-	6.89%	0.48%	11.15%	16.58%
EPS (Basic)	3105.94	3162.14	3179.81	2877.21	1977.20
EPS (Diluted)	3105.94	3162.00	3179.81	2877.00	1977.00
EPS Growth	-1.77%	-0.56%	10.53%	45.52%	-11.82%
Dividend Per Share	1065.000	984.000	960.000	780.000	471.000
Dividend Growth	8.23%	2.50%	23.08%	65.61%	-29.70%
Effective Tax Rate	25.60%	23.41%	25.79%	26.88%	25.83%

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