Stanbic IBTC Holdings PLC (NGX: STANBIC)

Stanbic IBTC Holdings Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	566,462	270,593	152,670	104,751	105,776
Interest Paid on Deposits	156,011	95,403	39,551	29,379	31,561
Net Interest Income	410,451	175,190	113,119	75,372	74,215
Net Interest Income Growth (YoY)	134.29%	54.87%	50.08%	1.56%	-4.65%
Income From Trading Activities	57,568	62,506	34,687	13,286	52,110
Gain (Loss) on Sale of Assets	536	1,054	879	368	70
Gain (Loss) on Sale of Investments	179	-106	-485	-	-
Other Non-Interest Income	178,111	116,522	91,252	82,119	72,529
Total Non-Interest Income	236,394	179,976	126,333	95,773	124,709
Non-Interest Income Growth (YoY)	31.35%	42.46%	31.91%	-23.20%	15.36%
Revenues Before Loan Losses	646,845	355,166	239,452	171,145	198,924
Provision for Loan Losses	99,360	15,452	10,290	-1,505	10,774
Revenue	547,485	339,714	229,162	172,650	188,150
Revenue Growth (YoY)	61.16%	48.24%	32.73%	-8.24%	2.09%
Salaries and Employee Benefits	86,681	62,497	49,167	41,058	42,540
Selling, General & Administrative	12,620	10,378	7,416	4,272	2,532
Other Non-Interest Expense	144,388	93,932	72,311	61,317	51,461
Total Non-Interest Expense	243,689	166,807	128,894	106,647	96,533
EBT Excluding Unusual Items	303,796	172,907	100,268	66,003	91,617
Legal Settlements	-	-	-	-	3,100
Pretax Income	303,796	172,907	100,268	66,003	94,717
Income Tax Expense	101,692	32,290	19,535	9,037	11,506
Earnings From Continuing Operations	202,104	140,617	80,733	56,966	83,211
Minority Interest in Earnings	-3,705	-3,035	-2,691	-2,588	-2,272
Net Income	198,399	137,582	78,042	54,378	80,939
Net Income to Common	198,399	137,582	78,042	54,378	80,939
Net Income Growth	44.20%	76.29%	43.52%	-32.82%	11.39%
Basic Shares Outstanding	12,957	12,957	12,957	12,957	12,957
Diluted Shares Outstanding	12,957	12,957	12,957	12,957	12,957
Shares Change (YoY)	-	-	-	-0.00%	5.72%
EPS (Basic)	15.31	10.62	6.02	4.20	6.25
EPS (Diluted)	15.31	10.62	6.02	4.20	6.25
EPS Growth	44.20%	76.38%	43.44%	-32.82%	5.36%
Dividend Per Share	-	3.700	3.500	3.000	3.429
Dividend Growth	-	5.71%	16.67%	-12.50%	33.34%
Effective Tax Rate	33.47%	18.67%	19.48%	13.69%	12.15%

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