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	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	33.59	31.53	26.5	23.45	22.8	23.3
Interest Income on Investments	2.51	2.38	2.66	2.35	2.2	2.2
Total Interest Income	36.1	33.9	29.16	25.81	25	25.5
Interest Paid on Deposits	9.33	7.84	6.74	6.17	6.03	5.61
Net Interest Income	26.77	26.06	22.42	19.64	18.98	19.89
Net Interest Income Growth (YoY)	12.92%	16.27%	14.16%	3.47%	-4.60%	11.25%
Income From Trading Activities	0.64	0.38	0.79	0.62	0.54	0.99
Other Non-Interest Income	44.99	43.95	36.42	42.81	40.83	39.05
Total Non-Interest Income	45.63	44.33	37.21	43.43	41.37	40.05
Non-Interest Income Growth (YoY)	16.28%	19.13%	-14.32%	4.99%	3.29%	-10.82%
Revenues Before Loan Losses	72.4	70.39	59.63	63.06	60.34	59.94
Provision for Loan Losses	-2.27	1.26	-16.24	-1.46	3.97	0.55
Revenue	74.67	69.13	75.87	64.53	56.37	59.39
Revenue Growth (YoY)	3.44%	-8.88%	17.58%	14.47%	-5.08%	-5.06%
Salaries and Employee Benefits	25.31	24.38	24.01	24.36	22.76	23.04
Occupancy Expenses	3.18	3.16	2.92	2.72	2.27	2.05
Selling, General & Administrative	1.79	1.79	1.71	3.02	3.22	4.07
Other Non-Interest Expense	23.69	24.95	19.19	21.64	17.52	14.9
Total Non-Interest Expense	54.17	54.61	48.22	52.14	45.92	44.08
EBT Excluding Unusual Items	20.5	14.53	27.65	12.39	10.45	15.31
Legal Settlements	-	-	0.03	0.25	-0.08	-0.02
Pretax Income	20.5	14.53	27.68	12.64	10.37	15.29
Income Tax Expense	7.05	4.91	10.05	4.76	3.23	5.42
Earnings From Continuing Operations	13.45	9.62	17.63	7.88	7.14	9.87
Minority Interest in Earnings	-0.92	-0.55	-0.1	-0.4	-0.5	-0.55
Net Income	12.52	9.06	17.53	7.48	6.64	9.32
Net Income to Common	12.52	9.06	17.53	7.48	6.64	9.32
Net Income Growth	-8.64%	-48.29%	134.33%	12.67%	-28.76%	10.34%
Basic Shares Outstanding	100	100	93	92	92	93
Diluted Shares Outstanding	100	100	93	92	92	93
Shares Change (YoY)	-7.22%	8.22%	0.63%	0.00%	-0.63%	-
EPS (Basic)	0.12	0.09	0.19	0.08	0.07	0.10
EPS (Diluted)	0.12	0.09	0.19	0.08	0.07	0.10
EPS Growth	-1.53%	-52.22%	132.86%	12.66%	-28.30%	10.34%
Dividend Per Share	0.016	0.016	-	0.010	0.014	-
Dividend Growth	-	-	-	-31.47%	-	-
Effective Tax Rate	34.40%	33.79%	36.31%	37.66%	31.14%	35.46%

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