Instabank ASA (OSL: INSTA)

Instabank ASA Income Statement

Financials in millions NOK. 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	668.79	556.23	391.23	319.93	271.72	305.75
Interest Income on Investments	19.9	8.3	2.35	0.1	0.4	-
Total Interest Income	688.69	564.52	393.58	320.04	272.12	305.75
Interest Paid on Deposits	288.29	204.69	73.89	38.61	51.35	53.16
Net Interest Income	400.4	359.83	319.69	281.43	220.77	252.59
Net Interest Income Growth (YoY)	13.27%	12.55%	13.60%	27.47%	-12.60%	43.35%
Gain (Loss) on Sale of Investments	37.58	37.58	1.09	2.01	8.38	-
Other Non-Interest Income	52.89	43.68	36.8	36.56	33.98	-10.43
Total Non-Interest Income	90.47	81.26	37.89	38.57	42.36	-10.43
Non-Interest Income Growth (YoY)	49.54%	114.45%	-1.75%	-8.95%	-	-
Revenues Before Loan Losses	490.87	441.08	357.58	319.99	263.13	242.17
Provision for Loan Losses	171.69	143.74	100.23	80.88	92.91	71.43
Revenue	319.17	297.34	257.35	239.11	170.22	170.74
Revenue Growth (YoY)	12.08%	15.54%	7.63%	40.47%	-0.31%	20.03%
Salaries and Employee Benefits	80.25	68.64	55.5	44.32	37.39	39.36
Occupancy Expenses	12.78	12.44	13.05	14.1	12.74	8.72
Selling, General & Administrative	88.34	76.56	77.69	56.19	59.93	64.56
Other Non-Interest Expense	9.6	8.47	7.79	12.32	3.14	3.13
Total Non-Interest Expense	190.96	166.11	154.02	126.93	113.21	115.76
EBT Excluding Unusual Items	128.21	131.23	103.33	112.18	57.01	54.97
Pretax Income	128.21	131.23	103.33	112.18	57.01	54.97
Income Tax Expense	31.48	30.36	21.09	28.73	14.33	13.74
Net Income	96.73	100.87	82.24	83.45	42.68	41.24
Net Income to Common	96.73	100.87	82.24	83.45	42.68	41.24
Net Income Growth	-4.33%	22.66%	-1.45%	95.53%	3.49%	58.30%
Basic Shares Outstanding	377	378	333	333	333	344
Diluted Shares Outstanding	399	400	355	352	353	344
Shares Change (YoY)	3.19%	12.80%	0.67%	-0.11%	2.61%	18.73%
EPS (Basic)	0.26	0.27	0.25	0.25	0.13	0.12
EPS (Diluted)	0.24	0.25	0.23	0.24	0.12	0.12
EPS Growth	-7.49%	8.70%	-4.17%	100.00%	0%	33.33%
Effective Tax Rate	24.55%	23.13%	20.41%	25.61%	25.14%	24.98%

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