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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	284.13	306.75	323.4	196.28	172.43	167
Interest Income on Investments	150.14	130.99	80.74	24.57	23.83	23.51
Total Interest Income	434.27	437.74	404.14	220.85	196.26	190.5
Interest Paid on Deposits	52.57	51.26	49.4	18.31	38.5	43.48
Net Interest Income	381.7	386.48	354.74	202.54	157.76	147.03
Net Interest Income Growth (YoY)	-1.78%	8.95%	75.14%	28.39%	7.30%	-4.29%
Income From Trading Activities	19.58	13.79	8.21	14.16	10.51	16.64
Gain (Loss) on Sale of Investments	4.21	4.1	0.01	0.09	0.05	0.66
Other Non-Interest Income	91	81.38	78.05	76.57	74.6	67.29
Total Non-Interest Income	114.78	99.27	86.26	90.82	85.15	84.59
Non-Interest Income Growth (YoY)	38.19%	15.08%	-5.01%	6.65%	0.66%	-11.59%
Revenues Before Loan Losses	496.49	485.76	441	293.36	242.91	231.62
Provision for Loan Losses	-21.96	-23.83	-10.48	-49.08	-18.86	65.14
Revenue	518.45	509.59	451.48	342.43	261.76	166.48
Revenue Growth (YoY)	5.40%	12.87%	31.85%	30.82%	57.23%	-36.18%
Salaries and Employee Benefits	133.7	123.36	111.06	100.03	81.57	79.39
Occupancy Expenses	7.33	7.16	7.39	7.78	8.43	8.41
Amortization of Goodwill & Intangibles	13.04	13.15	13.79	11.86	11.71	11.4
Selling, General & Administrative	84.64	73.02	78.66	72.95	93.9	71.19
Total Non-Interest Expense	229.14	207.22	199.87	190.4	181.11	159.86
EBT Excluding Unusual Items	289.31	302.37	251.61	152.03	80.66	6.62
Legal Settlements	-	-	-	-102.96	-	8.58
Pretax Income	289.31	302.37	251.61	49.08	80.66	15.2
Income Tax Expense	97.86	102.77	83.68	17.55	24.47	1.4
Earnings From Continuing Operations	191.45	199.6	167.94	31.53	56.19	13.8
Net Income	191.45	199.6	167.94	31.53	56.19	13.8
Net Income to Common	191.45	199.6	167.94	31.53	56.19	13.8
Net Income Growth	-2.61%	18.85%	432.66%	-43.89%	307.12%	-78.26%
Basic Shares Outstanding	642	642	642	642	642	642
Diluted Shares Outstanding	642	642	642	642	642	642
Shares Change (YoY)	-0.01%	-	-	-	-	-
EPS (Basic)	0.30	0.31	0.26	0.05	0.09	0.02
EPS (Diluted)	0.30	0.31	0.26	0.05	0.09	0.02
EPS Growth	-2.60%	18.85%	432.66%	-43.89%	307.13%	-78.26%
Dividend Per Share	0.205	0.203	0.106	-	0.024	-
Dividend Growth	38.96%	92.71%	-	-	-	-
Effective Tax Rate	33.83%	33.99%	33.26%	35.75%	30.34%	9.20%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.