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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	187,891	170,588	92,807	57,864	64,523	84,040
Interest Paid on Deposits	95,286	81,321	26,097	5,553	9,960	26,795
Net Interest Income	92,605	89,267	66,710	52,311	54,563	57,245
Net Interest Income Growth (YoY)	15.47%	33.81%	27.53%	-4.13%	-4.69%	3.97%
Trust Income	16,429	15,220	14,096	14,405	18,177	16,908
Mortgage Banking Activities	1,300	1,176	1,250	2,170	3,091	2,036
Income From Trading Activities	23,539	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	-2,611	-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	40,353	29,817	30,022	38,374	25,291	25,248
Total Non-Interest Income	77,472	65,723	61,977	69,331	65,388	58,474
Non-Interest Income Growth (YoY)	21.05%	6.04%	-10.61%	6.03%	11.82%	9.18%
Revenues Before Loan Losses	170,077	154,990	128,687	121,642	119,951	115,719
Provision for Loan Losses	9,082	9,320	6,389	-9,256	17,480	5,585
Revenue	160,995	145,670	122,298	130,898	102,471	110,134
Revenue Growth (YoY)	19.08%	19.11%	-6.57%	27.74%	-6.96%	6.16%
Salaries and Employee Benefits	46,349	43,348	38,842	35,638	32,537	31,899
Occupancy Expenses	2,511	2,511	2,617	-	-	-
Selling, General & Administrative	30,612	29,268	28,316	30,236	28,178	28,283
Other Non-Interest Expense	9,316	8,085	6,357	5,462	4,826	4,847
Total Non-Interest Expense	88,788	83,212	76,132	71,336	65,541	65,029
EBT Excluding Unusual Items	72,207	62,458	46,166	59,562	36,930	45,105
Legal Settlements	351	-	-	-	-1,115	-239
Other Unusual Items	-2,395	214	-	-	-	-
Pretax Income	68,787	61,612	46,166	59,562	35,815	44,866
Income Tax Expense	14,761	12,060	8,490	11,228	6,684	8,435
Net Income	54,026	49,552	37,676	48,334	29,131	36,431
Preferred Dividends & Other Adjustments	1,809	1,792	1,784	1,831	1,721	1,789
Net Income to Common	52,217	47,760	35,892	46,503	27,410	34,642
Net Income Growth	12.93%	31.52%	-22.05%	65.92%	-20.04%	12.19%
Basic Shares Outstanding	2,910	2,939	2,966	3,022	3,082	3,222
Diluted Shares Outstanding	2,915	2,943	2,970	3,027	3,087	3,230
Shares Change (YoY)	-1.64%	-0.91%	-1.87%	-1.97%	-4.43%	-5.38%
EPS (Basic)	17.94	16.25	12.10	15.39	8.89	10.75
EPS (Diluted)	17.92	16.23	12.09	15.36	8.88	10.72
EPS Growth	15.24%	34.24%	-21.29%	72.97%	-17.16%	19.11%
Dividend Per Share	4.400	4.100	4.000	3.800	3.600	3.400
Dividend Growth	10.00%	2.50%	5.26%	5.56%	5.88%	25.00%
Effective Tax Rate	21.46%	19.57%	18.39%	18.85%	18.66%	18.80%

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