Equity Group Holdings Plc (NASE:EQTY)

Equity Group Holdings 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	107,672	164,214	128,528	102,065	80,386
Interest Income on Investments	62,613	-	-	-	-
Total Interest Income	170,285	164,214	128,528	102,065	80,386
Interest Paid on Deposits	53,089	51,191	33,635	25,534	18,616
Interest Paid on Borrowings	8,486	-	-	-	-
Total Interest Expense	61,575	51,191	33,635	25,534	18,616
Net Interest Income	108,710	113,023	94,893	76,531	61,770
Net Interest Income Growth (YoY)	-3.82%	19.11%	23.99%	23.90%	22.12%
Gain (Loss) on Sale of Assets	-	18	25	-	7
Gain (Loss) on Sale of Investments	-	1,035	1,524	2,951	3,056
Other Non-Interest Income	85,072	54,118	38,303	25,427	22,108
Total Non-Interest Income	85,072	54,388	39,467	28,250	21,932
Non-Interest Income Growth (YoY)	56.42%	37.81%	39.71%	28.81%	11.61%
Revenues Before Loan Losses	193,782	167,411	134,360	104,781	83,702
Provision for Loan Losses	20,176	32,954	13,352	4,783	22,626
Revenue	173,606	134,457	121,008	99,998	61,076
Revenue Growth (YoY)	29.12%	11.11%	21.01%	63.73%	-8.53%
Salaries and Employee Benefits	33,270	32,011	24,777	19,108	15,542
Occupancy Expenses	5,961	7,321	7,371	7,228	6,601
Amortization of Goodwill & Intangibles	2,179	-	-	-	-
Selling, General & Administrative	762.09	43,246	29,767	1,430	1,274
Other Non-Interest Expense	70,694	-	-751	20,351	16,666
Total Non-Interest Expense	112,866	82,578	61,164	48,117	40,083
EBT Excluding Unusual Items	60,740	51,879	59,844	51,881	20,993
Other Unusual Items	-	-	-	-	1,177
Pretax Income	60,740	51,879	59,844	51,881	22,170
Income Tax Expense	11,917	8,142	13,741	11,809	2,070
Earnings From Continuing Operations	48,823	43,737	46,103	40,072	20,100
Minority Interest in Earnings	-2,274	-1,760	-1,209	-897	-310
Net Income	46,550	41,977	44,894	39,175	19,790
Net Income to Common	46,550	41,977	44,894	39,175	19,790
Net Income Growth	10.89%	-6.50%	14.60%	97.95%	-11.60%
Basic Shares Outstanding	3,772	3,774	3,774	3,774	3,774
Diluted Shares Outstanding	3,772	3,774	3,774	3,774	3,774
Shares Change (YoY)	-0.05%	-	0.01%	-	-
EPS (Basic)	12.34	11.12	11.90	10.38	5.24
EPS (Diluted)	12.34	11.12	11.90	10.38	5.24
EPS Growth	10.94%	-6.50%	14.59%	97.95%	-11.60%
Dividend Per Share	4.250	4.000	4.000	3.000	-
Dividend Growth	6.25%	-	33.33%	-	-
Effective Tax Rate	19.62%	15.69%	22.96%	22.76%	9.34%

Updated Nov 11, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.