JPMorgan Chase & Co. (NEO: JPM)

JPMorgan Chase & Co. Income Statement

Financials in millions USD. 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	193,751	170,588	92,807	57,864	64,523	84,040
Interest Paid on Deposits	100,467	81,321	26,097	5,553	9,960	26,795
Net Interest Income	93,284	89,267	66,710	52,311	54,563	57,245
Net Interest Income Growth (YoY)	9.22%	33.81%	27.53%	-4.13%	-4.69%	3.97%
Trust Income	17,004	15,220	14,096	14,405	18,177	16,908
Mortgage Banking Activities	1,288	1,176	1,250	2,170	3,091	2,036
Income From Trading Activities	23,317	24,460	19,912	16,304	18,021	14,018
Gain (Loss) on Sale of Assets	-	-	-8	-7	6	6
Gain (Loss) on Sale of Investments	7,384	-3,412	-1,804	-345	802	258
Gain (Loss) on Sale of Equity Investments	-1,538	-1,538	-1,491	-1,570	-	-
Other Non-Interest Income	32,218	29,817	30,022	38,374	25,291	25,248
Total Non-Interest Income	79,673	65,723	61,977	69,331	65,388	58,474
Non-Interest Income Growth (YoY)	20.99%	6.04%	-10.61%	6.03%	11.82%	9.18%
Revenues Before Loan Losses	172,957	154,990	128,687	121,642	119,951	115,719
Provision for Loan Losses	10,809	9,320	6,389	-9,256	17,480	5,585
Revenue	162,148	145,670	122,298	130,898	102,471	110,134
Revenue Growth (YoY)	13.86%	19.11%	-6.57%	27.74%	-6.96%	6.16%
Salaries and Employee Benefits	47,373	43,348	38,842	35,638	32,537	31,899
Occupancy Expenses	2,511	2,511	2,617	-	-	-
Selling, General & Administrative	31,093	29,268	28,316	30,236	28,178	28,283
Other Non-Interest Expense	8,947	8,085	6,357	5,462	4,826	4,847
Total Non-Interest Expense	89,924	83,212	76,132	71,336	65,541	65,029
EBT Excluding Unusual Items	72,224	62,458	46,166	59,562	36,930	45,105
Legal Settlements	757	-	-	-	-1,115	-239
Other Unusual Items	-2,495	214	-	-	-	-
Pretax Income	69,032	61,612	46,166	59,562	35,815	44,866
Income Tax Expense	15,259	12,060	8,490	11,228	6,684	8,435
Net Income	53,773	49,552	37,676	48,334	29,131	36,431
Preferred Dividends & Other Adjustments	1,703	1,792	1,784	1,831	1,721	1,789
Net Income to Common	52,070	47,760	35,892	46,503	27,410	34,642
Net Income Growth	4.92%	31.52%	-22.05%	65.92%	-20.04%	12.19%
Basic Shares Outstanding	2,893	2,939	2,966	3,022	3,082	3,222
Diluted Shares Outstanding	2,898	2,943	2,970	3,027	3,087	3,230
Shares Change (YoY)	-1.92%	-0.91%	-1.87%	-1.97%	-4.43%	-5.38%
EPS (Basic)	18.00	16.25	12.10	15.39	8.89	10.75
EPS (Diluted)	17.96	16.23	12.09	15.36	8.88	10.72
EPS Growth	7.21%	34.24%	-21.29%	72.97%	-17.16%	19.11%
Dividend Per Share	4.600	4.100	4.000	3.800	3.600	3.400
Dividend Growth	13.58%	2.50%	5.26%	5.56%	5.88%	25.00%
Effective Tax Rate	22.10%	19.57%	18.39%	18.85%	18.66%	18.80%

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