Sovcombank (MOEX: SVCB)

Sovcombank Income Statement

Financials in millions RUB. 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	389,584	269,983	213,479	153,587	99,618	77,006
Interest Income on Investments	62,341	44,729	32,596	29,507	33,500	25,114
Total Interest Income	451,925	314,712	246,075	183,094	133,118	102,120
Interest Paid on Deposits	296,543	171,753	138,679	63,953	51,202	44,416
Net Interest Income	155,382	142,959	107,396	119,141	81,916	57,704
Net Interest Income Growth (YoY)	30.42%	33.11%	-9.86%	45.44%	41.96%	16.18%
Gain (Loss) on Sale of Assets	1,946	2,226	428	997	-	148
Gain (Loss) on Sale of Investments	1,114	-6,324	-733	-1,313	339	4,941
Gain (Loss) on Sale of Equity Investments	-	-	-	-	5	256
Other Non-Interest Income	64,129	81,219	-8,163	33,709	26,709	25,600
Total Non-Interest Income	67,123	77,155	-9,019	36,373	31,562	31,627
Non-Interest Income Growth (YoY)	84.54%	-	-	15.24%	-0.21%	148.02%
Revenues Before Loan Losses	222,505	220,114	98,377	155,514	113,478	89,331
Provision for Loan Losses	43,607	32,513	55,933	31,637	20,937	7,839
Revenue	178,898	187,601	42,444	123,877	92,541	81,492
Revenue Growth (YoY)	44.42%	342.00%	-65.74%	33.86%	13.56%	48.29%
Salaries and Employee Benefits	50,766	42,968	34,988	29,821	20,446	18,688
Federal Deposit Insurance	5,369	4,097	4,368	3,048	2,104	2,634
Selling, General & Administrative	46,710	41,107	32,557	27,200	17,470	15,878
Other Non-Interest Expense	-12,165	-10,451	-6,827	5,173	4,170	4,693
Total Non-Interest Expense	90,680	77,721	65,086	65,242	44,190	41,893
EBT Excluding Unusual Items	88,218	109,880	-22,642	58,635	48,351	39,599
Asset Writedown	551	421	273	45	7	-211
Legal Settlements	208	-1,275	-806	-315	-470	-666
Other Unusual Items	560	697	371	2,697	693	74
Pretax Income	89,537	109,723	-23,023	61,062	48,547	38,326
Income Tax Expense	7,433	14,687	-4,440	11,353	9,346	8,183
Earnings From Continuing Operations	82,104	95,036	-18,583	49,709	39,201	30,143
Minority Interest in Earnings	-1,270	-898	-286	677	-697	-374
Net Income	80,834	94,138	-18,869	50,386	38,504	29,769
Preferred Dividends & Other Adjustments	1,943	890	394	1,832	1,591	451
Net Income to Common	78,891	93,248	-19,263	48,554	36,913	29,318
Net Income Growth	60.43%	-	-	30.86%	29.34%	70.72%
Basic Shares Outstanding	19,900	19,100	19,000	19,000	19,100	19,400
Diluted Shares Outstanding	20,362	19,100	19,000	19,000	19,100	19,400
Shares Change (YoY)	7.17%	0.53%	-	-0.52%	-1.55%	9.60%
EPS (Basic)	3.96	4.88	-1.01	2.56	1.93	1.51
EPS (Diluted)	3.87	4.88	-1.01	2.56	1.93	1.51
EPS Growth	51.62%	-	-	32.23%	27.88%	56.72%
Dividend Per Share	1.140	1.140	-	0.350	-	-
Dividend Growth	225.71%	-	-	-	-	-
Effective Tax Rate	8.30%	13.39%	-	18.59%	19.25%	21.35%

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