The Federal Bank Limited (NSE: FEDERALBNK)

The Federal Bank Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Interest Income on Loans	201,576	235,655	178,118	143,815	143,141	135,904
Interest Paid on Deposits	154,517	144,947	99,752	79,594	84,350	86,783
Net Interest Income	94,916	90,708	78,365	64,222	58,791	49,121
Net Interest Income Growth (YoY)	15.86%	15.75%	22.02%	9.24%	19.69%	13.73%
Gain (Loss) on Sale of Assets	-	84.33	8.3	53.3	17.99	51.72
Gain (Loss) on Sale of Investments	-	2,949	428.13	3,073	6,246	6,079
Other Non-Interest Income	34,112	29,132	23,926	18,083	13,452	12,687
Total Non-Interest Income	34,112	32,165	24,362	21,209	19,717	18,818
Non-Interest Income Growth (YoY)	26.23%	32.03%	14.87%	7.57%	4.77%	40.94%
Revenues Before Loan Losses	129,028	122,873	102,728	85,431	78,508	67,939
Provision for Loan Losses	2,678	2,596	7,986	13,047	17,436	11,872
Revenue	126,351	120,277	94,741	72,384	61,072	56,067
Revenue Growth (YoY)	25.02%	26.95%	30.89%	18.52%	8.93%	16.89%
Salaries and Employee Benefits	33,294	31,781	24,391	25,111	21,717	18,760
Occupancy Expenses	-	8,805	7,277	5,903	5,040	5,235
Selling, General & Administrative	15.8	3,248	2,856	1,755	1,479	1,497
Other Non-Interest Expense	38,412	23,832	17,588	13,147	10,748	9,975
Total Non-Interest Expense	71,304	67,302	51,771	45,611	38,663	35,090
EBT Excluding Unusual Items	55,047	52,975	42,970	26,773	22,409	20,977
Pretax Income	55,047	52,975	42,970	26,773	22,409	20,977
Income Tax Expense	13,871	13,335	10,872	6,809	5,614	5,072
Earnings From Continuing Operations	41,176	39,640	32,098	19,964	16,796	15,905
Minority Interest in Earnings	-897.5	-836.08	-451.04	-266.39	-152.36	-102.8
Net Income	40,278	38,804	31,647	19,698	16,643	15,802
Net Income to Common	40,278	38,804	31,647	19,698	16,643	15,802
Net Income Growth	18.10%	22.62%	60.66%	18.35%	5.32%	20.05%
Basic Shares Outstanding	2,397	2,316	2,109	2,069	1,995	1,989
Diluted Shares Outstanding	2,427	2,345	2,131	2,086	2,002	2,004
Shares Change (YoY)	13.60%	10.01%	2.19%	4.19%	-0.12%	0.57%
EPS (Basic)	16.81	16.76	15.01	9.52	8.34	7.94
EPS (Diluted)	16.60	16.55	14.85	9.44	8.31	7.88
EPS Growth	3.95%	11.45%	57.31%	13.60%	5.46%	19.39%
Dividend Per Share	-	1.200	1.000	1.800	0.700	-
Dividend Growth	-	20.00%	-44.44%	157.14%	-	-
Effective Tax Rate	25.20%	25.17%	25.30%	25.43%	25.05%	24.18%

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