The Co-operative Bank of Kenya Limited (NASE: COOP)

COOP Income Statement

Financials in millions KES. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	76,625	69,066	61,745	55,648	48,841	44,627
Interest Income on Investments	4,854	-	1.23	-	-	-
Total Interest Income	81,479	69,066	61,746	55,648	48,841	44,627
Interest Paid on Deposits	31,764	23,845	16,421	14,611	12,791	12,640
Net Interest Income	49,269	45,221	45,325	41,037	36,049	31,987
Net Interest Income Growth (YoY)	6.39%	-0.23%	10.45%	13.84%	12.70%	2.19%
Income From Trading Activities	3,181	3,181	4,717	2,849	2,838	2,149
Gain (Loss) on Sale of Assets	2.5	2.5	1.29	7.72	19.04	1.57
Gain (Loss) on Sale of Investments	691.34	691.34	-335.89	167.17	397.6	661.07
Other Non-Interest Income	24,857	23,162	20,908	15,832	13,641	13,398
Total Non-Interest Income	28,732	27,037	25,291	18,856	16,895	16,210
Non-Interest Income Growth (YoY)	11.77%	6.91%	34.13%	11.60%	4.23%	32.23%
Revenues Before Loan Losses	78,001	72,258	70,616	59,893	52,945	48,197
Provision for Loan Losses	7,378	6,008	8,548	7,929	8,112	2,539
Revenue	70,623	66,250	62,068	51,963	44,833	45,657
Revenue Growth (YoY)	8.67%	6.74%	19.45%	15.90%	-1.81%	9.13%
Salaries and Employee Benefits	18,008	16,690	14,783	13,324	13,422	12,374
Occupancy Expenses	2,797	2,777	2,385	2,754	3,005	2,736
Amortization of Goodwill & Intangibles	1,016	978.12	805.22	756.58	967.59	594.48
Selling, General & Administrative	70.05	0.61	0.61	0.61	0.61	0.61
Other Non-Interest Expense	14,646	13,786	15,083	12,784	13,006	9,287
Total Non-Interest Expense	36,192	33,886	32,641	29,314	30,551	24,952
EBT Excluding Unusual Items	34,431	32,364	29,427	22,649	14,282	20,706
Pretax Income	34,459	32,364	29,427	22,649	14,282	20,706
Income Tax Expense	10,458	9,175	7,389	6,105	3,469	6,395
Earnings From Continuing Operations	24,001	23,188	22,038	16,544	10,813	14,311
Minority Interest in Earnings	-164.55	-164.55	-208.27	185.11	781.21	217.57
Net Income	23,837	23,024	21,830	16,729	11,594	14,529
Net Income to Common	23,837	23,024	21,830	16,729	11,594	14,529
Net Income Growth	3.07%	5.47%	30.49%	44.29%	-20.20%	13.61%
Basic Shares Outstanding	5,867	5,867	5,867	5,867	5,867	5,867
Diluted Shares Outstanding	5,867	5,867	5,867	5,867	5,867	5,867
Shares Change (YoY)	0.46%	-	-	-	-	-
EPS (Basic)	4.06	3.92	3.72	2.85	1.98	2.48
EPS (Diluted)	4.06	3.92	3.72	2.85	1.98	2.48
EPS Growth	2.51%	5.38%	30.53%	44.22%	-20.20%	13.61%
Dividend Per Share	-	1.500	1.500	1.000	1.000	1.000
Dividend Growth	-	0%	50.00%	0%	0%	0%
Effective Tax Rate	30.35%	28.35%	25.11%	26.95%	24.29%	30.88%

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