Ecobank Transnational Incorporated (NGX: ETI)

Ecobank Transnational 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	1,855	1,865	1,598	1,466	1,390	1,412
Interest Income on Investments	-4.87	1.35	19.14	7.96	-	-
Total Interest Income	1,850	1,866	1,617	1,474	1,390	1,412
Interest Paid on Deposits	670.5	697.43	603.75	529.12	483.21	662.27
Net Interest Income	1,179	1,169	1,014	944.43	907.23	749.73
Net Interest Income Growth (YoY)	10.43%	15.29%	7.33%	4.10%	21.01%	-19.36%
Income From Trading Activities	320.09	361.24	310.61	295.62	346.28	381.69
Gain (Loss) on Sale of Assets	2.14	3.16	25.21	15.78	1.93	-
Gain (Loss) on Sale of Investments	4.23	9.56	13.23	19.11	-28.85	-23.64
Other Non-Interest Income	574.6	518.64	498.92	481.78	409.21	490.84
Total Non-Interest Income	901.05	892.6	847.96	812.28	728.56	848.89
Non-Interest Income Growth (YoY)	4.92%	5.26%	4.39%	11.49%	-14.18%	-2.71%
Revenues Before Loan Losses	2,080	2,061	1,862	1,757	1,636	1,599
Provision for Loan Losses	363.9	329.94	198.07	217.68	181.56	109.92
Revenue	1,716	1,731	1,664	1,539	1,454	1,489
Revenue Growth (YoY)	-1.38%	4.07%	8.09%	5.83%	-2.32%	0.39%
Salaries and Employee Benefits	453.15	462.8	447.36	454.94	462.99	490.31
Occupancy Expenses	79.73	90.15	101.28	108.67	104.21	108.5
Selling, General & Administrative	43.09	43.09	39.59	39.09	-	-
Other Non-Interest Expense	513.04	523.83	509.46	432.01	486.84	474.57
Total Non-Interest Expense	1,089	1,120	1,097	1,035	1,054	1,074
EBT Excluding Unusual Items	627.6	611.58	566.48	503.84	399.89	414.55
Asset Writedown	2.42	2.42	0.13	-	-2.73	-
Other Unusual Items	-39.95	-39.95	-33.89	-25.85	-59.28	-9.47
Pretax Income	590.07	574.05	532.72	477.99	174.32	405.08
Income Tax Expense	178.83	174.44	173.34	122.28	89.34	134.87
Earnings From Continuing Operations	411.24	399.61	359.38	355.71	84.98	270.21
Earnings From Discontinued Operations	-	-	-	0.89	1.8	2.55
Minority Interest in Earnings	-126.51	-111.79	-72.95	-94.37	-82.58	-78.81
Net Income	284.73	287.82	286.43	262.23	4.2	193.96
Net Income to Common	284.73	287.82	286.43	262.23	4.2	193.96
Net Income Growth	-10.19%	0.49%	9.23%	6140.69%	-97.83%	6.47%
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
Shares Change (YoY)	-	-	-	-	-	-0.91%
EPS (Basic)	0.01	0.01	0.01	0.01	0.00	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.00	0.01
EPS Growth	-10.18%	0.46%	9.22%	6172.35%	-97.84%	6.96%
Dividend Per Share	-	-	0.001	0.002	-	-
Dividend Growth	-	-	-31.25%	-	-	-
Effective Tax Rate	30.31%	30.39%	32.54%	25.58%	51.25%	33.29%

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