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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	330.1	323.4	196.28	172.43	167	169.83
Interest Income on Investments	111.53	80.74	24.57	23.83	23.51	37.9
Total Interest Income	441.62	404.14	220.85	196.26	190.5	207.72
Interest Paid on Deposits	53	49.4	18.31	38.5	43.48	54.11
Net Interest Income	388.62	354.74	202.54	157.76	147.03	153.61
Net Interest Income Growth (YoY)	41.22%	75.15%	28.39%	7.30%	-4.28%	-2.55%
Income From Trading Activities	2.73	8.21	14.16	10.51	16.64	22.24
Gain (Loss) on Sale of Investments	0.03	0.01	0.09	0.05	0.66	0.09
Other Non-Interest Income	80.3	78.05	76.57	74.6	67.29	73.35
Total Non-Interest Income	83.07	86.26	90.82	85.15	84.59	95.68
Non-Interest Income Growth (YoY)	-7.04%	-5.01%	6.65%	0.66%	-11.59%	-4.46%
Revenues Before Loan Losses	471.69	441	293.36	242.91	231.62	249.29
Provision for Loan Losses	-20.19	-10.48	-49.08	-18.86	65.14	-11.56
Revenue	491.88	451.48	342.43	261.76	166.48	260.85
Revenue Growth (YoY)	17.66%	31.85%	30.82%	57.24%	-36.18%	-2.88%
Salaries and Employee Benefits	113.47	111.06	100.03	81.57	79.39	71.24
Occupancy Expenses	7.32	7.39	7.78	8.43	8.41	7.16
Amortization of Goodwill & Intangibles	13.86	13.79	11.86	11.71	11.4	6.32
Selling, General & Administrative	74	78.66	72.95	93.9	71.19	77.83
Total Non-Interest Expense	197.26	199.87	190.4	181.11	159.86	146.64
EBT Excluding Unusual Items	294.63	251.61	152.03	80.66	6.62	114.21
Legal Settlements	-	-	-102.96	-	8.58	-25
Pretax Income	294.63	251.61	49.08	80.66	15.2	89.21
Income Tax Expense	98.04	83.68	17.55	24.47	1.4	25.71
Earnings From Continuing Operations	196.58	167.94	31.53	56.19	13.8	63.49
Net Income	196.58	167.94	31.53	56.19	13.8	63.49
Net Income to Common	196.58	167.94	31.53	56.19	13.8	63.49
Net Income Growth	33.67%	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
EPS (Basic)	0.34	0.29	0.05	0.10	0.02	0.11
EPS (Diluted)	0.34	0.29	0.05	0.10	0.02	0.11
EPS Growth	33.67%	432.66%	-43.89%	307.13%	-78.26%	23.50%
Dividend Per Share	0.162	0.116	-	0.026	-	-
Dividend Growth	251.52%	-	-	-	-	-
Effective Tax Rate	33.28%	33.26%	35.76%	30.34%	9.20%	28.82%

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