Guaranty Trust Holding Company Plc (NGX: GTCO)

GTCO Balance Sheet

Financials in millions NGN. 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
Cash & Equivalents	3,853,605	2,257,307	1,596,079	905,657	711,429	585,156
Investment Securities	3,878,306	2,480,328	1,235,116	1,169,296	991,741	746,104
Trading Asset Securities	184,857	46,029	152,610	86,884	82,471	117,431
Total Investments	4,063,164	2,526,357	1,387,726	1,256,180	1,074,212	863,536
Gross Loans	3,366,951	2,614,625	1,972,442	1,886,409	1,743,895	1,569,339
Allowance for Loan Losses	-254,616	-134,375	-86,589	-83,707	-81,065	-67,254
Net Loans	3,112,335	2,480,250	1,885,853	1,802,702	1,662,831	1,502,085
Property, Plant & Equipment	283,910	224,299	197,860	203,972	175,168	165,356
Goodwill	19,271	19,161	19,116	8,690	8,688	8,684
Other Intangible Assets	15,755	13,915	10,296	10,884	11,185	11,561
Other Receivables	772,689	234,133	70,943	77,117	83,046	22,840
Restricted Cash	1,968,099	1,708,904	1,100,191	1,016,214	1,045,750	459,492
Other Current Assets	343,855	154,987	101,714	94,940	96,070	93,614
Long-Term Deferred Tax Assets	24,791	18,286	10,983	3,188	4,716	2,257
Other Real Estate Owned & Foreclosed	-	34.8	17.03	16.27	12,048	11,036
Other Long-Term Assets	53,496	53,621	65,678	56,475	59,510	33,302
Total Assets	14,510,969	9,691,255	6,446,456	5,436,035	4,944,653	3,758,919
Accounts Payable	164,262	102,152	48,144	22,534	38,236	33,542
Interest Bearing Deposits	4,253,682	3,102,595	2,141,482	1,903,222	1,635,326	1,166,252
Non-Interest Bearing Deposits	6,296,542	4,444,292	2,468,861	2,227,111	1,975,503	1,473,807
Total Deposits	10,550,223	7,546,888	4,610,343	4,130,333	3,610,829	2,640,059
Short-Term Borrowings	-	-	4,367	1,581	2,759	2,316
Current Portion of Long-Term Debt	277,281	50,689	96,159	102,872	50,755	45,395
Current Portion of Leases	1,511	219.74	250.7	608.65	1,568	351.3
Current Income Taxes Payable	75,858	41,303	35,308	22,676	21,592	20,597
Other Current Liabilities	438,187	130,496	243,558	96,604	61,479	24,042
Long-Term Debt	18,396	21,431	30,369	51,026	63,140	117,605
Long-Term Leases	22,393	11,198	3,697	5,522	6,520	4,924
Long-Term Unearned Revenue	817.67	543.25	154.02	335.52	109.3	91.55
Pension & Post-Retirement Benefits	1,809	1,241	561.31	450.22	460.35	402.75
Long-Term Deferred Tax Liabilities	94,280	59,681	12,028	12,801	24,961	10,569
Other Long-Term Liabilities	466,326	248,285	430,367	105,465	247,851	171,688
Total Liabilities	12,111,342	8,214,127	5,515,307	4,552,808	4,130,258	3,071,581
Common Stock	14,716	14,716	14,716	14,716	14,716	14,716
Additional Paid-In Capital	123,471	123,471	123,471	123,471	123,471	123,471
Retained Earnings	2,022,601	1,202,170	765,352	710,057	642,406	526,562
Treasury Stock	-9,023	-8,126	-8,126	-8,126	-6,928	-6,532
Comprehensive Income & Other	197,249	115,411	16,592	24,239	24,950	15,390
Total Common Equity	2,349,014	1,447,642	912,004	864,357	798,615	673,607
Minority Interest	50,612	29,486	19,145	18,870	15,781	13,730
Shareholders' Equity	2,399,626	1,477,128	931,149	883,227	814,396	687,337
Total Liabilities & Equity	14,510,969	9,691,255	6,446,456	5,436,035	4,944,653	3,758,919
Total Debt	319,580	83,537	134,843	161,609	124,741	170,591
Net Cash (Debt)	3,718,883	2,219,799	1,613,845	830,933	669,160	531,997
Net Cash Growth	63.21%	37.55%	94.22%	24.18%	25.78%	18.96%
Net Cash Per Share	132.73	79.22	57.59	29.64	23.83	18.94
Filing Date Shares Outstanding	20,408	21,305	21,305	21,305	29,424	28,085
Total Common Shares Outstanding	20,408	21,305	21,305	21,305	29,424	28,085
Book Value Per Share	115.10	67.95	42.81	40.57	27.14	23.98
Tangible Book Value	2,313,988	1,414,566	882,592	844,783	778,742	653,362
Tangible Book Value Per Share	113.38	66.40	41.43	39.65	26.47	23.26

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