National Bank of Malawi plc (MAL: NBM)

National Bank of Malawi Income Statement

Financials in millions MWK. 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	193,940	158,129	111,984	79,476	55,253	50,904
Interest Income on Investments	-	323	202	175	33	208
Total Interest Income	193,940	158,452	112,186	79,651	55,286	51,112
Interest Paid on Deposits	34,194	26,683	13,111	7,778	5,314	5,207
Net Interest Income	159,746	131,769	99,075	71,873	49,972	45,905
Net Interest Income Growth (YoY)	43.88%	33.00%	37.85%	43.83%	8.86%	12.30%
Income From Trading Activities	-	-	-	-	343	149
Gain (Loss) on Sale of Assets	-	207	1	41	20	64
Gain (Loss) on Sale of Equity Investments	-	-26	-1,042	313	-85	100
Other Non-Interest Income	98,953	83,679	45,978	41,583	28,388	24,164
Total Non-Interest Income	98,953	83,860	44,937	41,937	28,666	24,477
Non-Interest Income Growth (YoY)	53.80%	86.62%	7.15%	46.30%	17.11%	9.81%
Revenues Before Loan Losses	258,699	215,629	144,012	113,810	78,638	70,382
Provision for Loan Losses	13,896	7,245	3,995	2,499	2,444	4,412
Revenue	244,803	208,384	140,017	111,311	76,194	65,970
Revenue Growth (YoY)	40.55%	48.83%	25.79%	46.09%	15.50%	7.80%
Salaries and Employee Benefits	-	42,303	34,059	30,026	20,711	19,856
Occupancy Expenses	-	5,735	4,502	-	-	-
Other Non-Interest Expense	111,844	40,340	32,182	30,997	22,584	20,524
Total Non-Interest Expense	111,844	88,378	70,743	61,023	43,295	40,380
EBT Excluding Unusual Items	132,959	120,006	69,274	50,288	32,899	25,590
Asset Writedown	-	123	89	22	-91	-239
Other Unusual Items	-	-	-	278	-	-
Pretax Income	132,959	120,129	69,363	50,588	32,808	25,351
Income Tax Expense	54,409	48,170	23,419	16,378	10,359	8,196
Earnings From Continuing Operations	78,550	71,959	45,944	34,210	22,449	17,155
Minority Interest in Earnings	1,285	286	1,530	718	-43	-49
Net Income	79,835	72,245	47,474	34,928	22,406	17,106
Net Income to Common	79,835	72,245	47,474	34,928	22,406	17,106
Net Income Growth	31.70%	52.18%	35.92%	55.89%	30.98%	7.71%
Basic Shares Outstanding	467	467	467	467	467	467
Diluted Shares Outstanding	467	467	467	467	467	467
EPS (Basic)	170.95	154.70	101.66	74.79	47.98	36.63
EPS (Diluted)	170.95	154.70	101.66	74.79	47.98	36.63
EPS Growth	31.70%	52.18%	35.92%	55.88%	30.98%	7.71%
Dividend Per Share	107.140	102.860	70.670	49.260	27.840	17.780
Dividend Growth	38.98%	45.55%	43.46%	76.94%	56.58%	10.71%
Effective Tax Rate	40.92%	40.10%	33.76%	32.38%	31.57%	32.33%

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