Turkiye Garanti Bankasi A.S. (TKGBY)

TKGBY Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	446,475	398,961	166,304	86,811	46,318	31,525
Interest Income on Investments	163,569	141,757	67,368	46,085	13,903	7,838
Total Interest Income	610,044	540,718	233,671	132,896	60,221	39,362
Interest Paid on Deposits	414,247	371,132	131,508	34,307	19,443	9,415
Interest Paid on Borrowings	55,197	43,368	15,693	10,401	4,685	8,426
Total Interest Expense	469,443	414,500	147,200	44,708	24,128	17,840
Net Interest Income	140,600	126,218	86,471	88,187	36,092	21,522
Net Interest Income Growth (YoY)	51.61%	45.97%	-1.95%	144.34%	67.70%	4.05%
Income From Trading Activities	-18,961	-21,410	-15,170	-20,308	-2,188	-3,006
Gain (Loss) on Sale of Assets	-257.98	515.72	567.82	604.49	505.14	321.29
Gain (Loss) on Sale of Investments	-	-	-	-323.66	-	-
Other Non-Interest Income	193,459	181,164	127,444	64,808	27,133	12,183
Total Non-Interest Income	174,240	160,270	112,842	44,781	25,449	9,498
Non-Interest Income Growth (YoY)	32.06%	42.03%	151.99%	75.96%	167.94%	6.06%
Revenues Before Loan Losses	314,840	286,488	199,313	132,968	61,542	31,020
Provision for Loan Losses	65,936	58,096	39,154	26,005	20,956	7,562
Revenue	248,903	228,392	160,159	106,963	40,586	23,459
Revenue Growth (YoY)	38.35%	42.60%	49.73%	163.55%	73.01%	29.26%
Salaries and Employee Benefits	45,706	40,785	20,849	10,141	6,046	4,620
Occupancy Expenses	-	-	-	-	-	925.67
Selling, General & Administrative	5,976	5,074	2,085	938.87	599.38	682.96
Other Non-Interest Expense	64,730	56,570	30,909	18,737	16,078	4,860
Total Non-Interest Expense	114,598	100,405	50,567	28,833	22,171	11,089
EBT Excluding Unusual Items	134,305	127,987	109,592	78,130	18,415	12,370
Asset Writedown	-16.12	-16.19	-7.63	-2.25	-4.48	-2,724
Other Unusual Items	-4,043	-4,043	-2,523	-1,140	-	-
Pretax Income	130,246	123,928	107,061	76,988	18,410	9,646
Income Tax Expense	35,148	31,749	20,154	18,477	4,823	2,910
Earnings From Continuing Operations	95,098	92,179	86,907	58,510	13,588	6,736
Minority Interest in Earnings	-1,050	-935.75	-532.22	-224.93	-120.82	-80.06
Net Income	94,048	91,243	86,375	58,285	13,467	6,656
Net Income to Common	94,048	91,243	86,375	58,285	13,467	6,656
Net Income Growth	0.80%	5.64%	48.19%	332.81%	102.32%	7.97%
Basic Shares Outstanding	4,200	4,200	4,200	4,200	4,200	4,200
Diluted Shares Outstanding	4,200	4,200	4,200	4,200	4,200	4,200
EPS (Basic)	22.39	21.72	20.57	13.88	3.21	1.58
EPS (Diluted)	22.39	21.72	20.57	13.88	3.21	1.58
EPS Growth	0.80%	5.64%	48.19%	332.81%	102.32%	7.97%
Dividend Per Share	4.389	4.389	3.119	2.090	-	0.149
Dividend Growth	40.73%	40.73%	49.26%	-	-	-
Effective Tax Rate	26.99%	25.62%	18.82%	24.00%	26.20%	30.17%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.