Erste Group Bank AG (PRA: ERBAG)

Erste Group Bank AG Income Statement

Financials in millions EUR. 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	15,590	15,045	8,623	5,109	5,108	5,544
Interest Income on Investments	4,490	4,484	2,647	33.2	19.9	27.9
Total Interest Income	20,080	19,529	11,270	5,142	5,128	5,572
Interest Paid on Deposits	7,702	6,873	2,569	483.8	621.2	1,055
Interest Paid on Borrowings	5,389	5,389	2,720	-	-	-
Total Interest Expense	13,091	12,262	5,289	483.8	621.2	1,055
Net Interest Income	6,989	7,267	5,981	4,658	4,507	4,517
Net Interest Income Growth (YoY)	-9.16%	21.50%	28.39%	3.37%	-0.23%	7.55%
Income From Trading Activities	845	754	-779	58.6	137.6	318.3
Gain (Loss) on Sale of Assets	-139	-139	-24	-	-	-
Gain (Loss) on Sale of Investments	6	-	-	-4.8	1.2	6.2
Gain (Loss) on Sale of Equity Investments	20	23	18	15.4	10.4	17.1
Other Non-Interest Income	3,167	2,509	3,353	3,010	2,500	2,403
Total Non-Interest Income	3,899	3,147	2,568	3,079	2,650	2,745
Non-Interest Income Growth (YoY)	59.02%	22.55%	-16.59%	16.20%	-3.48%	1.21%
Revenues Before Loan Losses	10,888	10,414	8,549	7,737	7,156	7,262
Provision for Loan Losses	211	128	300	158.8	1,295	39.2
Revenue	10,677	10,286	8,249	7,578	5,861	7,223
Revenue Growth (YoY)	8.11%	24.69%	8.85%	29.29%	-18.85%	3.61%
Salaries and Employee Benefits	3,069	2,946	2,635	2,539	2,521	2,537
Occupancy Expenses	548	560	551	548	540.9	541
Selling, General & Administrative	1,537	1,513	1,389	1,219	1,159	1,205
Other Non-Interest Expense	343	376	457	279.6	208	295.5
Total Non-Interest Expense	5,534	5,408	5,084	4,594	4,422	4,578
EBT Excluding Unusual Items	5,143	4,878	3,165	2,985	1,440	2,645
Asset Writedown	-82	-82	9	-52.6	-65.6	-29.8
Legal Settlements	8	8	54	1.2	-6.2	-147.2
Other Unusual Items	-	-	-	-	-	26.7
Pretax Income	5,060	4,795	3,223	2,933	1,368	2,330
Income Tax Expense	1,021	874	556	525.2	342.5	418.7
Earnings From Continuing Operations	4,039	3,921	2,667	2,408	1,025	1,911
Minority Interest in Earnings	-835	-923	-502	-484.8	-242.3	-440.9
Net Income	3,204	2,998	2,165	1,923	783.1	1,470
Preferred Dividends & Other Adjustments	104.24	99.07	100.46	147.81	114.58	92.08
Net Income to Common	3,100	2,899	2,065	1,776	668.52	1,378
Net Income Growth	13.30%	38.48%	12.56%	145.61%	-46.73%	-18.03%
Basic Shares Outstanding	419	426	427	426	426	427
Diluted Shares Outstanding	419	426	427	426	426	427
Shares Change (YoY)	-2.19%	-0.27%	0.29%	-0.02%	-0.06%	-0.03%
EPS (Basic)	7.40	6.81	4.83	4.17	1.57	3.23
EPS (Diluted)	7.40	6.80	4.83	4.17	1.57	3.23
EPS Growth	16.30%	40.79%	15.95%	165.65%	-51.45%	-19.65%
Dividend Per Share	2.700	2.700	1.900	1.600	1.500	-
Dividend Growth	42.11%	42.11%	18.75%	6.67%	-	-
Effective Tax Rate	20.18%	18.23%	17.25%	17.90%	25.04%	17.97%

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