Indian Overseas Bank (NSE: IOB)

Indian Overseas 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	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Interest Income on Loans	257,493	240,657	194,070	167,358	169,756	174,061
Interest Paid on Deposits	160,576	142,265	111,463	104,195	110,695	121,033
Net Interest Income	101,487	98,392	82,607	63,164	59,061	53,028
Net Interest Income Growth (YoY)	10.02%	19.11%	30.78%	6.95%	11.38%	0.45%
Gain (Loss) on Sale of Assets	22.14	22.14	15.84	12.01	14.92	56.33
Gain (Loss) on Sale of Investments	10,229	10,229	-644.6	7,421	18,202	4,804
Other Non-Interest Income	54,013	46,402	41,793	41,620	36,639	28,203
Total Non-Interest Income	64,264	56,653	41,164	49,053	54,856	33,064
Non-Interest Income Growth (YoY)	49.11%	37.63%	-16.08%	-10.58%	65.91%	-21.40%
Revenues Before Loan Losses	165,751	155,045	123,771	112,217	113,917	86,092
Provision for Loan Losses	35,533	33,514	35,939	39,839	50,561	118,782
Revenue	130,218	121,531	87,833	72,378	63,356	-32,690
Revenue Growth (YoY)	34.57%	38.37%	21.35%	14.24%	-	-
Salaries and Employee Benefits	62,546	61,433	41,024	34,889	37,059	32,407
Occupancy Expenses	9,079	9,079	7,809	6,414	6,962	7,782
Selling, General & Administrative	1,621	1,621	1,508	1,513	1,512	1,555
Other Non-Interest Expense	16,829	15,172	13,958	11,774	10,157	9,544
Total Non-Interest Expense	90,076	87,305	64,298	54,590	55,690	51,288
EBT Excluding Unusual Items	40,143	34,226	23,534	17,788	7,666	-83,978
Other Unusual Items	-	-	-	-	-	533.1
Pretax Income	40,143	34,226	23,534	17,788	7,666	-83,445
Income Tax Expense	10,515	7,569	2,495	695.2	82.4	1,829
Net Income	29,628	26,657	21,040	17,093	7,584	-85,274
Net Income to Common	29,628	26,657	21,040	17,093	7,584	-85,274
Net Income Growth	26.52%	26.70%	23.09%	125.39%	-	-
Basic Shares Outstanding	-	18,902	18,902	18,902	16,437	10,676
Diluted Shares Outstanding	-	18,902	18,902	18,902	16,437	10,676
Shares Change (YoY)	-	-	-	15.00%	53.97%	94.99%
EPS (Basic)	-	1.41	1.11	0.90	0.46	-7.99
EPS (Diluted)	-	1.41	1.11	0.90	0.46	-7.99
EPS Growth	-	26.70%	23.09%	96.00%	-	-
Effective Tax Rate	26.19%	22.12%	10.60%	3.91%	1.07%	-

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