Abbey Mortgage Bank Plc (NGX:ABBEYBDS)

Abbey Mortgage Bank Income Statement

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	16,945	11,954	7,203	4,836	3,314	1,399
Interest Paid on Deposits	12,865	8,558	4,629	2,805	1,684	539.38
Net Interest Income	4,080	3,397	2,574	2,030	1,630	860.06
Net Interest Income Growth (YoY)	32.52%	31.96%	26.79%	24.52%	89.56%	35.00%
Gain (Loss) on Sale of Assets	0.64	0.62	2.28	44.9	-7.15	1.15
Gain (Loss) on Sale of Investments	56.64	56.64	53.42	-	-32.22	70.56
Other Non-Interest Income	668.67	422.47	556.98	963.13	408.27	48.31
Total Non-Interest Income	725.95	479.73	612.68	1,008	368.89	120.01
Non-Interest Income Growth (YoY)	12.31%	-21.70%	-39.22%	173.26%	207.39%	-51.93%
Revenues Before Loan Losses	4,806	3,876	3,187	3,038	1,999	980.07
Provision for Loan Losses	84.2	84.2	-108.48	-143.97	-180.12	3,888
Revenue	4,721	3,792	3,295	3,182	2,179	-2,908
Revenue Growth (YoY)	23.17%	15.08%	3.55%	46.01%	-	-
Salaries and Employee Benefits	981.63	955.02	774.63	639.36	590.43	414.44
Occupancy Expenses	200.48	190.97	155.65	108.15	71.75	57.68
Amortization of Goodwill & Intangibles	31.71	28.7	9.46	5.06	4.61	6.5
Selling, General & Administrative	199.95	157.93	139.95	129.75	108.63	49.96
Other Non-Interest Expense	1,529	1,231	1,264	1,473	742.83	861.43
Total Non-Interest Expense	2,943	2,563	2,344	2,355	1,518	1,390
EBT Excluding Unusual Items	1,779	1,229	951.34	827.27	661.06	-4,298
Pretax Income	1,779	1,229	951.34	827.27	661.06	-4,298
Income Tax Expense	186.94	160.76	80.06	61.11	38.87	3.75
Net Income	1,592	1,068	871.28	766.16	622.2	-4,302
Net Income to Common	2,076	1,068	871.28	766.16	622.2	-4,302
Net Income Growth	51.49%	22.60%	13.72%	23.14%	-	-
Basic Shares Outstanding	9,530	10,154	10,154	10,154	7,024	6,338
Diluted Shares Outstanding	9,530	10,154	10,154	10,154	7,024	6,338
Shares Change (YoY)	-18.87%	-	-	44.56%	10.83%	50.90%
EPS (Basic)	0.22	0.11	0.09	0.08	0.09	-0.68
EPS (Diluted)	0.22	0.11	0.09	0.08	0.09	-0.68
EPS Growth	143.50%	22.60%	13.72%	-14.82%	-	-
Dividend Per Share	0.060	0.060	0.040	-	-	-
Dividend Growth	50.00%	50.00%	-	-	-	-
Effective Tax Rate	10.51%	13.08%	8.42%	7.39%	5.88%	-

Source: S&P Global Market Intelligence. Banks template. Financial Sources.