FirstRand Limited (FANDY)

FirstRand Income Statement

Financials in millions ZAR. Fiscal year is July - June.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Interest Income on Loans	188,258	188,258	149,269	107,515	103,912	121,046
Interest Income on Investments	1,266	1,266	2,627	1,452	2,023	841
Total Interest Income	189,524	189,524	151,896	108,967	105,935	121,887
Interest Paid on Deposits	106,070	106,070	75,460	42,592	42,645	58,972
Interest Paid on Borrowings	11,599	11,599	9,331	5,955	4,326	4,785
Total Interest Expense	117,669	117,669	84,791	48,547	46,971	63,757
Net Interest Income	71,855	71,855	67,105	60,420	58,964	58,130
Net Interest Income Growth (YoY)	7.08%	7.08%	11.06%	2.47%	1.43%	4.35%
Gain (Loss) on Sale of Assets	-26	-26	-18	64	-20	-14
Gain (Loss) on Sale of Investments	145	145	1,234	112	-46	596
Other Non-Interest Income	67,534	67,534	61,984	54,046	49,675	45,868
Total Non-Interest Income	67,653	67,653	63,200	54,222	49,609	46,450
Non-Interest Income Growth (YoY)	7.05%	7.05%	16.56%	9.30%	6.80%	-8.13%
Revenues Before Loan Losses	139,508	139,508	130,305	114,642	108,573	104,580
Provision for Loan Losses	12,555	12,555	10,949	7,080	13,660	24,383
Revenue	126,953	126,953	119,356	107,562	94,913	80,197
Revenue Growth (YoY)	6.36%	6.36%	10.96%	13.33%	18.35%	-16.26%
Selling, General & Administrative	4,211	4,211	4,113	3,823	3,351	3,721
Other Non-Interest Expense	69,152	69,152	62,090	56,705	54,243	51,811
Total Non-Interest Expense	73,900	73,900	68,144	60,489	57,214	56,059
EBT Excluding Unusual Items	53,054	53,054	51,212	47,073	37,699	24,138
Asset Writedown	28	28	-25	-151	-89	-96
Other Unusual Items	-	-	-	-30	-207	-202
Pretax Income	53,021	53,021	50,849	46,832	37,291	23,628
Income Tax Expense	11,841	11,841	12,172	12,193	8,981	4,848
Earnings From Continuing Operations	41,180	41,180	38,677	34,639	28,310	18,780
Minority Interest in Earnings	-1,471	-1,471	-1,227	-1,040	-790	-614
Net Income	39,709	39,709	37,450	33,599	27,520	18,166
Preferred Dividends & Other Adjustments	1,518	1,518	1,119	838	777	1,145
Net Income to Common	38,191	38,191	36,331	32,761	26,743	17,021
Net Income Growth	6.03%	6.03%	11.46%	22.09%	51.49%	-41.35%
Basic Shares Outstanding	5,605	5,605	5,606	5,607	5,608	5,608
Diluted Shares Outstanding	5,605	5,605	5,606	5,607	5,608	5,608
Shares Change (YoY)	-0.02%	-0.02%	-0.02%	-0.03%	0.00%	-0.02%
EPS (Basic)	6.81	6.81	6.48	5.84	4.77	3.04
EPS (Diluted)	6.81	6.81	6.48	5.84	4.77	3.03
EPS Growth	5.14%	5.14%	10.92%	22.53%	57.12%	-43.65%
Dividend Per Share	4.150	4.150	3.840	3.420	2.630	1.460
Dividend Growth	8.07%	8.07%	12.28%	30.04%	80.14%	-49.83%
Effective Tax Rate	22.33%	22.33%	23.94%	26.04%	24.08%	20.52%

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