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

NASE:COOP Income Statement

Financials in millions KES. 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	55,854	69,066	61,745	55,648	48,841
Interest Income on Investments	30,396	-	1.23	-	-
Total Interest Income	86,250	69,066	61,746	55,648	48,841
Interest Paid on Deposits	30,423	23,845	16,421	14,611	12,791
Interest Paid on Borrowings	4,305	-	-	-	-
Total Interest Expense	34,728	23,845	16,421	14,611	12,791
Net Interest Income	51,522	45,221	45,325	41,037	36,049
Net Interest Income Growth (YoY)	13.93%	-0.23%	10.45%	13.84%	12.70%
Income From Trading Activities	-	3,181	4,717	2,849	2,838
Gain (Loss) on Sale of Assets	-	2.5	1.29	7.72	19.04
Gain (Loss) on Sale of Investments	-	691.34	-335.89	167.17	397.6
Other Non-Interest Income	29,126	23,162	20,908	15,832	13,641
Total Non-Interest Income	29,126	27,037	25,291	18,856	16,895
Non-Interest Income Growth (YoY)	7.72%	6.91%	34.13%	11.60%	4.23%
Revenues Before Loan Losses	80,647	72,258	70,616	59,893	52,945
Provision for Loan Losses	8,663	6,008	8,548	7,929	8,112
Revenue	71,984	66,250	62,068	51,963	44,833
Revenue Growth (YoY)	8.65%	6.74%	19.45%	15.90%	-1.81%
Salaries and Employee Benefits	18,323	16,690	14,783	13,324	13,422
Occupancy Expenses	2,721	2,777	2,385	2,754	3,005
Amortization of Goodwill & Intangibles	1,008	978.12	805.22	756.58	967.59
Selling, General & Administrative	1,270	0.61	0.61	0.61	0.61
Other Non-Interest Expense	14,704	13,786	15,083	12,784	13,006
Total Non-Interest Expense	38,026	33,886	32,641	29,314	30,551
EBT Excluding Unusual Items	33,958	32,364	29,427	22,649	14,282
Other Unusual Items	822.37	-	-	-	-
Pretax Income	34,780	32,364	29,427	22,649	14,282
Income Tax Expense	9,324	9,175	7,389	6,105	3,469
Earnings From Continuing Operations	25,456	23,188	22,038	16,544	10,813
Minority Interest in Earnings	-	-164.55	-208.27	185.11	781.21
Net Income	25,456	23,024	21,830	16,729	11,594
Net Income to Common	25,456	23,024	21,830	16,729	11,594
Net Income Growth	10.56%	5.47%	30.49%	44.29%	-20.20%
Basic Shares Outstanding	5,879	5,867	5,867	5,867	5,867
Diluted Shares Outstanding	5,879	5,867	5,867	5,867	5,867
Shares Change (YoY)	0.20%	-	-	-	-
EPS (Basic)	4.33	3.92	3.72	2.85	1.98
EPS (Diluted)	4.33	3.92	3.72	2.85	1.98
EPS Growth	10.46%	5.38%	30.53%	44.22%	-20.20%
Dividend Per Share	1.500	1.500	1.500	1.000	1.000
Dividend Growth	-	-	50.00%	-	-
Effective Tax Rate	26.81%	28.35%	25.11%	26.96%	24.29%

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.