Stanbic IBTC Holdings PLC (NGX: STANBIC)

Stanbic IBTC 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	511,782	270,593	152,670	104,751	105,776	120,412
Interest Paid on Deposits	205,245	95,403	39,551	29,379	31,561	42,581
Net Interest Income	306,537	175,190	113,119	75,372	74,215	77,831
Net Interest Income Growth (YoY)	99.10%	54.87%	50.08%	1.56%	-4.65%	-0.48%
Income From Trading Activities	83,015	62,506	34,687	13,286	52,110	36,332
Gain (Loss) on Sale of Assets	1,005	1,054	879	368	70	34
Gain (Loss) on Sale of Investments	1,157	-106	-485	-	-	613
Other Non-Interest Income	166,849	116,522	91,252	82,119	72,529	71,123
Total Non-Interest Income	252,026	179,976	126,333	95,773	124,709	108,102
Non-Interest Income Growth (YoY)	44.93%	42.46%	31.91%	-23.20%	15.36%	5.12%
Revenues Before Loan Losses	558,563	355,166	239,452	171,145	198,924	185,933
Provision for Loan Losses	64,873	15,452	10,290	-1,505	10,774	1,632
Revenue	493,690	339,714	229,162	172,650	188,150	184,301
Revenue Growth (YoY)	56.69%	48.24%	32.73%	-8.24%	2.09%	0.17%
Salaries and Employee Benefits	79,538	62,497	49,167	41,058	42,540	41,122
Selling, General & Administrative	14,102	10,378	7,416	4,272	2,532	2,338
Other Non-Interest Expense	133,670	93,932	72,311	61,317	51,461	51,580
Total Non-Interest Expense	227,310	166,807	128,894	106,647	96,533	95,040
EBT Excluding Unusual Items	266,380	172,907	100,268	66,003	91,617	89,261
Legal Settlements	-	-	-	-	3,100	1,664
Pretax Income	266,380	172,907	100,268	66,003	94,717	90,925
Income Tax Expense	52,141	32,290	19,535	9,037	11,506	15,890
Earnings From Continuing Operations	214,239	140,617	80,733	56,966	83,211	75,035
Minority Interest in Earnings	-3,454	-3,035	-2,691	-2,588	-2,272	-2,373
Net Income	210,785	137,582	78,042	54,378	80,939	72,662
Net Income to Common	210,785	137,582	78,042	54,378	80,939	72,662
Net Income Growth	59.89%	76.29%	43.52%	-32.82%	11.39%	0.80%
Basic Shares Outstanding	12,957	12,957	12,957	12,957	12,957	12,256
Diluted Shares Outstanding	12,957	12,957	12,957	12,957	12,957	12,256
Shares Change (YoY)	-	-	-	-0.00%	5.72%	2.58%
EPS (Basic)	16.27	10.62	6.02	4.20	6.25	5.93
EPS (Diluted)	16.27	10.62	6.02	4.20	6.25	5.93
EPS Growth	59.94%	76.38%	43.44%	-32.82%	5.36%	-1.74%
Dividend Per Share	4.200	3.700	3.500	3.000	3.429	2.571
Dividend Growth	20.00%	5.71%	16.67%	-12.50%	33.34%	20.00%
Effective Tax Rate	19.57%	18.67%	19.48%	13.69%	12.15%	17.48%

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