Lombard Bank Malta p.l.c. (MSE:LOM)

Lombard Bank Malta 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	35.45	31.53	26.5	23.45	22.8
Interest Income on Investments	3.16	2.38	2.66	2.35	2.2
Total Interest Income	38.61	33.9	29.16	25.81	25
Interest Paid on Deposits	10.88	7.84	6.74	6.17	6.03
Net Interest Income	27.73	26.06	22.42	19.64	18.98
Net Interest Income Growth (YoY)	6.37%	16.27%	14.16%	3.47%	-4.59%
Income From Trading Activities	0.63	0.38	0.79	0.62	0.54
Other Non-Interest Income	45.94	43.95	36.42	42.81	40.83
Total Non-Interest Income	46.57	44.33	37.21	43.43	41.37
Non-Interest Income Growth (YoY)	5.05%	19.13%	-14.32%	4.99%	3.29%
Revenues Before Loan Losses	74.3	70.39	59.63	63.06	60.34
Provision for Loan Losses	-0.93	1.26	-16.24	-1.46	3.97
Revenue	75.22	69.13	75.87	64.53	56.37
Revenue Growth (YoY)	8.81%	-8.88%	17.58%	14.47%	-5.08%
Salaries and Employee Benefits	26.53	24.38	24.01	24.36	22.76
Occupancy Expenses	3.62	3.16	2.92	2.72	2.27
Selling, General & Administrative	2	1.79	1.71	3.02	3.22
Other Non-Interest Expense	22.47	24.95	19.19	21.64	17.52
Total Non-Interest Expense	54.66	54.61	48.22	52.14	45.92
EBT Excluding Unusual Items	20.57	14.53	27.65	12.39	10.45
Legal Settlements	-1.15	-	0.03	0.25	-0.08
Pretax Income	19.42	14.53	27.68	12.64	10.37
Income Tax Expense	7.26	4.91	10.05	4.76	3.23
Earnings From Continuing Operations	12.16	9.62	17.63	7.88	7.14
Minority Interest in Earnings	-0.87	-0.55	-0.1	-0.4	-0.5
Net Income	11.29	9.06	17.53	7.48	6.64
Net Income to Common	11.29	9.06	17.53	7.48	6.64
Net Income Growth	24.59%	-48.29%	134.33%	12.67%	-28.75%
Basic Shares Outstanding	155	100	93	92	92
Diluted Shares Outstanding	155	100	93	92	92
Shares Change (YoY)	54.01%	8.22%	0.63%	0.00%	-0.63%
EPS (Basic)	0.07	0.09	0.19	0.08	0.07
EPS (Diluted)	0.07	0.09	0.19	0.08	0.07
EPS Growth	-19.10%	-52.22%	132.86%	12.66%	-28.30%
Dividend Per Share	0.034	0.016	-	0.010	0.014
Dividend Growth	108.59%	-	-	-31.47%	-
Effective Tax Rate	37.38%	33.79%	36.31%	37.66%	31.14%

Updated Aug 28, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.