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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	461,594	269,983	213,479	153,587	99,618	77,006
Interest Income on Investments	66,631	44,729	32,596	29,507	33,500	25,114
Total Interest Income	528,225	314,712	246,075	183,094	133,118	102,120
Interest Paid on Deposits	369,330	171,753	138,679	63,953	51,202	44,416
Net Interest Income	158,895	142,959	107,396	119,141	81,916	57,704
Net Interest Income Growth (YoY)	47.95%	33.11%	-9.86%	45.44%	41.96%	16.18%
Gain (Loss) on Sale of Assets	-178	2,226	428	997	-	148
Gain (Loss) on Sale of Investments	1,361	-6,324	-733	-1,313	339	4,941
Gain (Loss) on Sale of Equity Investments	-	-	-	-	5	256
Other Non-Interest Income	65,025	81,219	-8,163	33,709	26,709	25,600
Total Non-Interest Income	66,056	77,155	-9,019	36,373	31,562	31,627
Non-Interest Income Growth (YoY)	-	-	-	15.24%	-0.21%	148.02%
Revenues Before Loan Losses	224,951	220,114	98,377	155,514	113,478	89,331
Provision for Loan Losses	54,320	32,513	55,933	31,637	20,937	7,839
Revenue	170,631	187,601	42,444	123,877	92,541	81,492
Revenue Growth (YoY)	302.01%	342.00%	-65.74%	33.86%	13.56%	48.29%
Salaries and Employee Benefits	58,978	42,968	34,988	29,821	20,446	18,688
Federal Deposit Insurance	5,926	4,097	4,368	3,048	2,104	2,634
Selling, General & Administrative	51,693	41,107	32,557	27,200	17,470	15,878
Other Non-Interest Expense	-21,084	-10,451	-6,827	5,173	4,170	4,693
Total Non-Interest Expense	95,513	77,721	65,086	65,242	44,190	41,893
EBT Excluding Unusual Items	75,118	109,880	-22,642	58,635	48,351	39,599
Asset Writedown	440	421	273	45	7	-211
Legal Settlements	140	-1,275	-806	-315	-470	-666
Other Unusual Items	587	697	371	2,697	693	74
Pretax Income	76,285	109,723	-23,023	61,062	48,547	38,326
Income Tax Expense	1,118	14,687	-4,440	11,353	9,346	8,183
Earnings From Continuing Operations	75,167	95,036	-18,583	49,709	39,201	30,143
Minority Interest in Earnings	-1,542	-898	-286	677	-697	-374
Net Income	73,625	94,138	-18,869	50,386	38,504	29,769
Preferred Dividends & Other Adjustments	3,051	890	394	1,832	1,591	451
Net Income to Common	70,574	93,248	-19,263	48,554	36,913	29,318
Net Income Growth	-	-	-	30.86%	29.34%	70.72%
Basic Shares Outstanding	20,300	19,100	19,000	19,000	19,100	19,400
Diluted Shares Outstanding	21,149	19,100	19,000	19,000	19,100	19,400
Shares Change (YoY)	11.31%	0.53%	-	-0.52%	-1.55%	9.60%
EPS (Basic)	3.48	4.88	-1.01	2.56	1.93	1.51
EPS (Diluted)	3.34	4.88	-1.01	2.56	1.93	1.51
EPS Growth	-	-	-	32.23%	27.88%	56.72%
Dividend Per Share	0.890	1.140	-	0.350	-	-
Effective Tax Rate	1.47%	13.39%	-	18.59%	19.25%	21.35%

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