Standard Chartered Bank Kenya Limited (NASE: SCBK)

NASE: SCBK 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	36,793	32,352	25,473	22,285	23,734	25,273
Interest Income on Investments	1,181	-	-	-	-	-
Total Interest Income	37,975	32,352	25,473	22,285	23,734	25,273
Interest Paid on Deposits	5,096	3,508	3,691	3,874	4,971	6,148
Interest Paid on Borrowings	425.71	-	-	-	-	-
Total Interest Expense	5,522	3,508	3,691	3,874	4,971	6,148
Net Interest Income	32,453	28,844	21,782	18,411	18,763	19,125
Net Interest Income Growth (YoY)	19.19%	32.42%	18.31%	-1.88%	-1.89%	-1.40%
Income From Trading Activities	-	-	-	-	3,330	3,615
Gain (Loss) on Sale of Assets	3.36	3.36	2.52	0.74	0.56	4
Gain (Loss) on Sale of Investments	-2,502	-2,502	801.84	590.72	14.81	14
Other Non-Interest Income	20,543	14,515	10,506	9,248	4,568	5,192
Total Non-Interest Income	18,044	12,016	11,311	9,840	7,913	8,825
Non-Interest Income Growth (YoY)	68.09%	6.23%	14.95%	24.34%	-10.33%	-4.09%
Revenues Before Loan Losses	50,497	40,860	33,093	28,251	26,677	27,950
Provision for Loan Losses	3,354	3,218	784.62	1,493	3,586	234
Revenue	47,143	37,642	32,308	26,758	23,091	27,716
Revenue Growth (YoY)	31.04%	16.51%	20.74%	15.88%	-16.69%	3.93%
Salaries and Employee Benefits	8,454	7,763	6,716	6,236	6,447	7,304
Occupancy Expenses	1,828	1,836	1,567	1,650	2,221	1,674
Amortization of Goodwill & Intangibles	50.03	-	-	-	-	-
Selling, General & Administrative	8,108	8,093	6,582	6,093	5,670	6,564
Other Non-Interest Expense	-37.34	-	-	-	-	-
Total Non-Interest Expense	18,402	17,692	14,865	13,979	14,338	15,542
EBT Excluding Unusual Items	28,741	19,950	17,443	12,779	8,753	12,174
Asset Writedown	-76.12	-76.12	-130.19	-18.83	-20.36	-
Other Unusual Items	-	-	-	51.92	12.29	-
Pretax Income	28,459	19,668	17,103	12,598	7,396	12,174
Income Tax Expense	8,516	5,833	5,045	3,554	1,956	3,937
Net Income	19,943	13,835	12,058	9,044	5,440	8,237
Preferred Dividends & Other Adjustments	168	168	168	168	168	168
Net Income to Common	19,775	13,667	11,890	8,876	5,272	8,069
Net Income Growth	52.43%	14.74%	33.33%	66.23%	-33.95%	1.70%
Basic Shares Outstanding	376	378	378	378	378	378
Diluted Shares Outstanding	376	378	378	378	378	378
Shares Change (YoY)	0.14%	-	-	-	-	-2.07%
EPS (Basic)	52.53	36.17	31.47	23.49	13.95	21.36
EPS (Diluted)	52.53	36.17	31.47	23.49	13.95	21.36
EPS Growth	52.91%	14.95%	33.96%	68.34%	-34.66%	1.73%
Dividend Per Share	31.000	29.000	22.000	19.000	10.500	12.050
Dividend Growth	40.91%	31.82%	15.79%	80.95%	-12.86%	-30.24%
Effective Tax Rate	29.92%	29.66%	29.50%	28.21%	26.44%	32.34%

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