KCB Group PLC (NASE: KCB)

KCB Group 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	199,533	181,553	132,003	114,826	96,261	79,644
Interest Income on Investments	9,293	-	-	-	-	-
Total Interest Income	208,825	181,553	132,003	114,826	96,261	79,644
Interest Paid on Deposits	72,298	60,841	31,098	24,463	21,209	18,220
Interest Paid on Borrowings	-2.86	-	-	-	-	464
Total Interest Expense	72,295	60,841	31,098	24,463	21,209	18,684
Net Interest Income	136,531	120,712	100,905	90,363	75,052	60,960
Net Interest Income Growth (YoY)	29.02%	19.63%	11.67%	20.40%	23.12%	24.84%
Income From Trading Activities	-	-	-	-	-	4,497
Gain (Loss) on Sale of Assets	35	35	-7	20	-32	-6
Gain (Loss) on Sale of Investments	-472	-472	-1,531	1,058	1,561	794
Other Non-Interest Income	44,332	38,598	27,314	17,477	18,877	17,592
Total Non-Interest Income	43,895	38,161	25,776	18,555	20,406	22,877
Non-Interest Income Growth (YoY)	28.65%	48.05%	38.92%	-9.07%	-10.80%	-0.42%
Revenues Before Loan Losses	180,426	158,873	126,681	108,918	95,458	83,837
Provision for Loan Losses	29,423	27,415	10,300	13,998	27,509	8,889
Revenue	151,003	131,458	116,381	94,920	67,949	74,948
Revenue Growth (YoY)	22.00%	12.95%	22.61%	39.69%	-9.34%	8.84%
Salaries and Employee Benefits	40,290	38,469	30,422	25,070	20,511	19,459
Occupancy Expenses	9,247	9,329	6,615	6,028	5,919	4,795
Selling, General & Administrative	2,749	2,876	2,594	1,957	1,743	1,715
Other Non-Interest Expense	34,815	32,475	19,735	14,995	14,187	12,246
Total Non-Interest Expense	86,895	83,005	59,321	48,010	42,360	38,215
EBT Excluding Unusual Items	64,108	48,453	57,060	46,910	25,589	36,733
Other Unusual Items	-	-	271	905	130	164
Pretax Income	64,108	48,453	57,331	47,815	25,719	36,897
Income Tax Expense	12,780	10,991	16,494	13,642	6,115	11,732
Earnings From Continuing Operations	51,328	37,462	40,837	34,173	19,604	25,165
Minority Interest in Earnings	-1,592	-1,286	-224	-81	-	-
Net Income	49,736	36,176	40,613	34,092	19,604	25,165
Net Income to Common	49,736	36,176	40,613	34,092	19,604	25,165
Net Income Growth	35.57%	-10.93%	19.13%	73.90%	-22.10%	4.88%
Basic Shares Outstanding	3,213	3,213	3,213	3,213	3,213	3,213
Diluted Shares Outstanding	3,213	3,213	3,213	3,213	3,213	3,213
Shares Change (YoY)	-	-	-	-	-	4.79%
EPS (Basic)	15.48	11.26	12.64	10.61	6.10	7.83
EPS (Diluted)	15.48	11.26	12.64	10.61	6.10	7.83
EPS Growth	35.57%	-10.93%	19.13%	73.93%	-22.09%	0.05%
Dividend Per Share	-	-	2.000	3.000	1.000	3.500
Dividend Growth	-	-	-33.33%	200.00%	-71.43%	0%
Effective Tax Rate	19.93%	22.68%	28.77%	28.53%	23.78%	31.80%

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