Ecobank Transnational Incorporated (NGX:ETI)

Ecobank Transnational Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,911	1,850	1,865	1,598	1,466	1,390
Interest Income on Investments	-1.4	0.5	1.35	19.14	7.96	-
Total Interest Income	1,909	1,851	1,866	1,617	1,474	1,390
Interest Paid on Deposits	667.7	675.34	697.43	603.75	529.12	483.21
Net Interest Income	1,242	1,175	1,169	1,014	944.43	907.23
Net Interest Income Growth (YoY)	5.30%	0.57%	15.29%	7.33%	4.10%	21.01%
Income From Trading Activities	-	-	-	310.61	295.62	346.28
Gain (Loss) on Sale of Assets	2.44	2.56	3.16	25.21	15.78	1.93
Gain (Loss) on Sale of Investments	2.57	-1.68	9.56	13.23	19.11	-28.85
Other Non-Interest Income	964.81	912.77	879.88	498.92	481.78	409.21
Total Non-Interest Income	969.82	913.65	892.6	847.96	812.28	728.56
Non-Interest Income Growth (YoY)	7.63%	2.36%	5.26%	4.39%	11.49%	-14.17%
Revenues Before Loan Losses	2,212	2,089	2,061	1,862	1,757	1,636
Provision for Loan Losses	355.85	323.61	329.94	198.07	217.68	181.56
Revenue	1,856	1,765	1,731	1,664	1,539	1,454
Revenue Growth (YoY)	8.12%	1.97%	4.07%	8.09%	5.83%	-2.32%
Salaries and Employee Benefits	461.38	450.43	462.8	447.36	454.94	462.99
Occupancy Expenses	80.51	79.28	90.15	101.28	108.67	104.21
Selling, General & Administrative	46.65	46.65	43.09	39.59	39.09	-
Other Non-Interest Expense	542.48	538.7	523.83	509.46	432.01	486.84
Total Non-Interest Expense	1,131	1,115	1,120	1,097	1,035	1,054
EBT Excluding Unusual Items	724.82	650.42	611.58	566.48	503.84	399.89
Asset Writedown	0.1	0.1	2.42	0.13	-	-2.73
Other Unusual Items	-	-	-39.95	-33.89	-25.85	-59.28
Pretax Income	724.92	650.52	574.05	532.72	477.99	174.32
Income Tax Expense	187.11	164.2	174.44	173.34	122.28	89.34
Earnings From Continuing Operations	537.81	486.32	399.61	359.38	355.71	84.98
Earnings From Discontinued Operations	-	-	-	-	0.89	1.8
Minority Interest in Earnings	-168.63	-153.14	-111.79	-72.95	-94.37	-82.58
Net Income	369.18	333.18	287.82	286.43	262.23	4.2
Net Income to Common	369.18	333.18	287.82	286.43	262.23	4.2
Net Income Growth	29.66%	15.76%	0.49%	9.23%	6140.70%	-97.83%
Basic Shares Outstanding	24,593	24,593	24,593	24,593	24,593	24,593
Diluted Shares Outstanding	24,593	24,593	24,593	24,593	24,593	24,593
EPS (Basic)	0.02	0.01	0.01	0.01	0.01	0.00
EPS (Diluted)	0.02	0.01	0.01	0.01	0.01	0.00
EPS Growth	29.64%	15.80%	0.46%	9.22%	6172.35%	-97.84%
Dividend Per Share	-	-	-	0.001	0.002	-
Dividend Growth	-	-	-	-31.25%	-	-
Effective Tax Rate	25.81%	25.24%	30.39%	32.54%	25.58%	51.25%

Updated Oct 29, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.