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	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	306.75	323.4	196.28	172.43	167
Interest Income on Investments	130.99	80.74	24.57	23.83	23.51
Total Interest Income	437.74	404.14	220.85	196.26	190.5
Interest Paid on Deposits	51.26	49.4	18.31	38.5	43.48
Net Interest Income	386.48	354.74	202.54	157.76	147.03
Net Interest Income Growth (YoY)	8.95%	75.14%	28.39%	7.30%	-4.29%
Income From Trading Activities	13.79	8.21	14.16	10.51	16.64
Gain (Loss) on Sale of Investments	4.1	0.01	0.09	0.05	0.66
Other Non-Interest Income	81.38	78.05	76.57	74.6	67.29
Total Non-Interest Income	99.27	86.26	90.82	85.15	84.59
Non-Interest Income Growth (YoY)	15.08%	-5.01%	6.65%	0.66%	-11.59%
Revenues Before Loan Losses	485.76	441	293.36	242.91	231.62
Provision for Loan Losses	-23.83	-10.48	-49.08	-18.86	65.14
Revenue	509.59	451.48	342.43	261.76	166.48
Revenue Growth (YoY)	12.87%	31.85%	30.82%	57.23%	-36.18%
Salaries and Employee Benefits	123.36	111.06	100.03	81.57	79.39
Occupancy Expenses	7.16	7.39	7.78	8.43	8.41
Amortization of Goodwill & Intangibles	13.15	13.79	11.86	11.71	11.4
Selling, General & Administrative	73.02	78.66	72.95	93.9	71.19
Total Non-Interest Expense	207.22	199.87	190.4	181.11	159.86
EBT Excluding Unusual Items	302.37	251.61	152.03	80.66	6.62
Legal Settlements	-	-	-102.96	-	8.58
Pretax Income	302.37	251.61	49.08	80.66	15.2
Income Tax Expense	102.77	83.68	17.55	24.47	1.4
Earnings From Continuing Operations	199.6	167.94	31.53	56.19	13.8
Net Income	199.6	167.94	31.53	56.19	13.8
Net Income to Common	199.6	167.94	31.53	56.19	13.8
Net Income Growth	18.85%	432.66%	-43.89%	307.12%	-78.26%
Basic Shares Outstanding	584	584	584	584	584
Diluted Shares Outstanding	584	584	584	584	584
EPS (Basic)	0.34	0.29	0.05	0.10	0.02
EPS (Diluted)	0.34	0.29	0.05	0.10	0.02
EPS Growth	18.85%	432.66%	-43.89%	307.13%	-78.26%
Dividend Per Share	0.224	0.116	-	0.026	-
Dividend Growth	92.60%	-	-	-	-
Effective Tax Rate	33.99%	33.26%	35.75%	30.34%	9.20%

Updated Oct 31, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.