Access Holdings Plc (NGX: ACCESSCORP)

Access Holdings Income Statement

Financials in millions NGN. 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	2,766,551	1,564,281	769,960	519,417	425,666	453,550
Interest Income on Investments	237,274	90,067	57,506	82,234	63,551	83,297
Total Interest Income	3,003,825	1,654,348	827,466	601,651	489,217	536,847
Interest Paid on Deposits	1,853,579	958,988	467,834	300,243	226,267	259,618
Net Interest Income	1,150,246	695,360	359,632	301,408	262,950	277,229
Net Interest Income Growth (YoY)	145.10%	93.35%	19.32%	14.63%	-5.15%	59.71%
Gain (Loss) on Sale of Assets	303	371	727	107	2,027	242.08
Other Non-Interest Income	1,328,615	869,107	506,725	326,333	250,346	111,489
Total Non-Interest Income	1,328,918	869,478	507,452	326,440	252,374	111,731
Non-Interest Income Growth (YoY)	90.87%	71.34%	55.45%	29.35%	125.88%	-19.17%
Revenues Before Loan Losses	2,479,164	1,564,838	867,084	627,848	515,324	388,960
Provision for Loan Losses	222,652	139,528	197,790	83,214	62,893	20,189
Revenue	2,256,512	1,425,310	669,294	544,634	452,431	368,771
Revenue Growth (YoY)	135.32%	112.96%	22.89%	20.38%	22.69%	24.10%
Salaries and Employee Benefits	328,811	166,190	114,750	94,891	72,120	75,872
Occupancy Expenses	67,936	45,159	30,584	29,139	27,358	21,233
Amortization of Goodwill & Intangibles	27,281	18,804	13,839	12,974	9,913	7,303
Selling, General & Administrative	24,587	10,959	7,943	5,518	3,385	1,092
Other Non-Interest Expense	820,127	456,419	335,243	228,418	213,475	144,092
Total Non-Interest Expense	1,267,730	696,617	501,846	370,847	326,251	249,592
EBT Excluding Unusual Items	988,782	728,693	167,448	173,787	126,180	119,178
Asset Writedown	220	220	-	-	-257.57	-599.64
Other Unusual Items	3,761	88	232	2,793	-	-63.33
Pretax Income	992,763	729,001	167,680	176,580	125,922	111,926
Income Tax Expense	166,137	109,677	14,778	16,485	19,912	17,869
Earnings From Continuing Operations	826,626	619,324	152,902	160,095	106,010	94,057
Earnings From Discontinued Operations	-	-	-700	120	-	-
Minority Interest in Earnings	-19,566	-6,831	888	-1,888	-1,327	-1,008
Net Income	807,060	612,493	153,090	158,327	104,683	93,049
Preferred Dividends & Other Adjustments	-	-	-	-	-0	-
Net Income to Common	807,060	612,493	153,090	158,327	104,683	93,049
Net Income Growth	204.58%	300.09%	-3.31%	51.24%	12.50%	-1.03%
Basic Shares Outstanding	35,544	35,544	34,288	34,568	34,816	33,327
Diluted Shares Outstanding	35,547	35,545	35,545	35,545	35,545	33,891
Shares Change (YoY)	0.01%	-	-	-0.00%	4.88%	17.16%
EPS (Basic)	22.71	17.23	4.46	4.58	3.01	2.79
EPS (Diluted)	22.71	17.23	4.31	4.45	2.95	2.75
EPS Growth	207.87%	300.05%	-3.29%	50.96%	7.27%	-15.38%
Dividend Per Share	2.250	2.100	1.500	1.000	0.800	0.650
Dividend Growth	47.06%	40.00%	50.00%	25.00%	23.08%	30.00%
Effective Tax Rate	16.73%	15.04%	8.81%	9.34%	15.81%	15.96%

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