Bank of Valletta p.l.c. (MSE: BOV)

Bank of Valletta p.l.c. Income Statement

Financials in millions EUR. 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	320.58	323.4	196.28	172.43	167	169.83
Interest Income on Investments	123.05	80.74	24.57	23.83	23.51	37.9
Total Interest Income	443.62	404.14	220.85	196.26	190.5	207.72
Interest Paid on Deposits	52.97	49.4	18.31	38.5	43.48	54.11
Net Interest Income	390.65	354.74	202.54	157.76	147.03	153.61
Net Interest Income Growth (YoY)	22.17%	75.15%	28.39%	7.30%	-4.28%	-2.55%
Income From Trading Activities	12.74	8.21	14.16	10.51	16.64	22.24
Gain (Loss) on Sale of Investments	-0.02	0.01	0.09	0.05	0.66	0.09
Other Non-Interest Income	80.92	78.05	76.57	74.6	67.29	73.35
Total Non-Interest Income	93.65	86.26	90.82	85.15	84.59	95.68
Non-Interest Income Growth (YoY)	7.30%	-5.01%	6.65%	0.66%	-11.59%	-4.46%
Revenues Before Loan Losses	484.3	441	293.36	242.91	231.62	249.29
Provision for Loan Losses	-33.12	-10.48	-49.08	-18.86	65.14	-11.56
Revenue	517.42	451.48	342.43	261.76	166.48	260.85
Revenue Growth (YoY)	14.20%	31.85%	30.82%	57.24%	-36.18%	-2.88%
Salaries and Employee Benefits	119.45	111.06	100.03	81.57	79.39	71.24
Occupancy Expenses	7.37	7.39	7.78	8.43	8.41	7.16
Amortization of Goodwill & Intangibles	13.95	13.79	11.86	11.71	11.4	6.32
Selling, General & Administrative	75.68	78.66	72.95	93.9	71.19	77.83
Total Non-Interest Expense	205.55	199.87	190.4	181.11	159.86	146.64
EBT Excluding Unusual Items	311.87	251.61	152.03	80.66	6.62	114.21
Legal Settlements	-	-	-102.96	-	8.58	-25
Pretax Income	311.87	251.61	49.08	80.66	15.2	89.21
Income Tax Expense	105.37	83.68	17.55	24.47	1.4	25.71
Earnings From Continuing Operations	206.51	167.94	31.53	56.19	13.8	63.49
Net Income	206.51	167.94	31.53	56.19	13.8	63.49
Net Income to Common	206.51	167.94	31.53	56.19	13.8	63.49
Net Income Growth	20.63%	432.66%	-43.89%	307.12%	-78.26%	23.50%
Basic Shares Outstanding	584	584	584	584	584	584
Diluted Shares Outstanding	584	584	584	584	584	584
Shares Change (YoY)	-0.73%	-	-	-	-	-
EPS (Basic)	0.35	0.29	0.05	0.10	0.02	0.11
EPS (Diluted)	0.35	0.29	0.05	0.10	0.02	0.11
EPS Growth	21.52%	432.66%	-43.89%	307.13%	-78.26%	23.50%
Dividend Per Share	0.162	0.116	-	0.026	-	-
Effective Tax Rate	33.78%	33.26%	35.76%	30.34%	9.20%	28.82%

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