NCBA Group PLC (NASE: NCBA)

NCBA 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	87,326	77,926	64,112	57,303	55,084	34,046
Interest Paid on Deposits	41,700	30,638	21,726	19,477	19,075	12,509
Net Interest Income	46,472	47,288	42,387	37,825	36,009	21,537
Net Interest Income Growth (YoY)	3.05%	11.56%	12.06%	5.04%	67.20%	36.57%
Gain (Loss) on Sale of Assets	8.46	8.46	14.55	100.12	-19.91	0.37
Gain (Loss) on Sale of Investments	-1,165	-1,165	-512.59	-853.18	-245.27	208.44
Other Non-Interest Income	16,523	15,446	17,986	10,165	10,022	6,482
Total Non-Interest Income	15,366	14,289	17,488	9,412	9,757	6,691
Non-Interest Income Growth (YoY)	-2.05%	-18.29%	85.80%	-3.53%	45.82%	23.20%
Revenues Before Loan Losses	61,838	61,577	59,874	47,237	45,766	28,228
Provision for Loan Losses	5,447	7,441	12,466	11,211	20,094	5,635
Revenue	56,391	54,136	47,408	36,027	25,672	22,592
Revenue Growth (YoY)	11.50%	14.19%	31.59%	40.34%	13.63%	29.16%
Salaries and Employee Benefits	13,422	12,536	10,184	8,019	7,391	5,924
Occupancy Expenses	3,320	3,057	2,743	3,711	1,954	1,212
Amortization of Goodwill & Intangibles	1,175	1,174	1,684	795.75	2,845	220.63
Selling, General & Administrative	8,789	8,682	6,913	5,352	6,277	5,629
Other Non-Interest Expense	4,423	3,247	3,402	3,244	1,479	1,864
Total Non-Interest Expense	31,067	28,654	24,723	21,031	19,788	14,705
EBT Excluding Unusual Items	25,324	25,482	22,685	14,995	5,884	7,888
Other Unusual Items	-	-	-	-	-	4,161
Pretax Income	25,324	25,482	22,492	15,035	4,982	11,314
Income Tax Expense	3,416	4,025	8,714	4,811	411.05	3,472
Earnings From Continuing Operations	21,908	21,457	13,778	10,224	4,571	7,842
Minority Interest in Earnings	-	-	86.76	75.85	67.44	-20.29
Net Income	21,908	21,457	13,865	10,299	4,638	7,821
Net Income to Common	21,908	21,457	13,865	10,299	4,638	7,821
Net Income Growth	39.47%	54.76%	34.62%	122.05%	-40.70%	56.33%
Basic Shares Outstanding	1,648	1,648	1,648	1,648	1,648	1,052
Diluted Shares Outstanding	1,648	1,648	1,648	1,648	1,648	1,052
Shares Change (YoY)	0.05%	-	-	-	56.58%	35.88%
EPS (Basic)	13.29	13.02	8.42	6.25	2.82	7.43
EPS (Diluted)	13.29	13.02	8.42	6.25	2.82	7.43
EPS Growth	39.41%	54.76%	34.62%	122.05%	-62.13%	15.05%
Dividend Per Share	5.250	4.750	4.250	3.000	1.500	1.591
Dividend Growth	31.25%	11.76%	41.67%	100.00%	-5.71%	-
Effective Tax Rate	13.49%	15.80%	38.74%	32.00%	8.25%	30.69%

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