Jaiz Bank Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Interest Income on Loans	33,302	28,717	21,589	15,205	10,758	7,462	Upgrade
Interest Income on Investments	34,377	15,798	9,862	8,972	8,003	6,056	Upgrade
Total Interest Income	67,679	44,515	31,450	24,177	18,761	13,518	Upgrade
Interest Paid on Deposits	19,154	11,100	6,905	4,940	3,789	2,908	Upgrade
Net Interest Income	48,525	33,415	24,545	19,237	14,972	10,610	Upgrade
Net Interest Income Growth (YoY)	59.23%	36.14%	27.59%	28.49%	41.11%	89.50%	Upgrade
Other Non-Interest Income	4,581	2,722	1,836	1,451	852.97	1,197	Upgrade
Total Non-Interest Income	4,581	2,722	1,836	1,451	852.97	1,197	Upgrade
Non-Interest Income Growth (YoY)	83.99%	48.25%	26.51%	70.14%	-28.75%	-2.57%	Upgrade
Revenues Before Loan Losses	53,106	36,137	26,381	20,689	15,825	11,807	Upgrade
Provision for Loan Losses	647.15	4,320	3,889	3,721	3,028	1,146	Upgrade
Revenue	52,458	31,817	22,492	16,968	12,797	10,661	Upgrade
Revenue Growth (YoY)	79.77%	41.46%	32.56%	32.60%	20.03%	51.02%	Upgrade
Salaries and Employee Benefits	12,172	9,258	8,100	7,238	4,902	3,864	Upgrade
Occupancy Expenses	2,269	1,872	1,632	781.98	811.62	714.59	Upgrade
Selling, General & Administrative	766.07	356.51	298.31	-	453.84	627.22	Upgrade
Other Non-Interest Expense	14,418	9,277	5,829	4,789	3,563	3,346	Upgrade
Total Non-Interest Expense	29,626	20,764	15,859	12,810	9,731	8,551	Upgrade
EBT Excluding Unusual Items	22,832	11,054	6,633	4,158	3,066	2,110	Upgrade
Pretax Income	22,832	11,054	6,633	4,158	3,066	2,110	Upgrade
Income Tax Expense	-100.08	-183.59	-248.54	73.58	162.76	-332.77	Upgrade
Net Income	22,932	11,237	6,881	4,085	2,903	2,443	Upgrade
Net Income to Common	22,932	11,237	6,881	4,085	2,903	2,443	Upgrade
Net Income Growth	128.74%	63.30%	68.47%	40.69%	18.85%	192.77%	Upgrade
Basic Shares Outstanding	34,541	34,541	34,541	31,157	29,464	29,464	Upgrade
Diluted Shares Outstanding	34,541	34,541	34,541	31,157	29,464	29,464	Upgrade
Shares Change (YoY)	-	-	10.86%	5.74%	-	-	Upgrade
EPS (Basic)	0.66	0.33	0.20	0.13	0.10	0.08	Upgrade
EPS (Diluted)	0.66	0.33	0.20	0.13	0.10	0.08	Upgrade
EPS Growth	128.74%	63.30%	51.96%	33.05%	18.85%	192.78%	Upgrade
Dividend Per Share	0.040	0.040	0.050	0.040	0.030	0.030	Upgrade
Dividend Growth	-20.00%	-20.00%	25.00%	33.33%	0%	-	Upgrade
Effective Tax Rate	-	-	-	1.77%	5.31%	-	Upgrade

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