MCB Bank Limited (PSX: MCB)

MCB Bank Income Statement

Financials in millions PKR. 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	421,358	364,449	219,423	132,609	145,772	148,089
Interest Income on Investments	2,721	2,511	2,122	1,955	969.32	1,241
Total Interest Income	424,079	366,959	221,544	134,565	146,742	149,329
Interest Paid on Deposits	246,612	199,027	123,455	64,231	69,929	84,371
Net Interest Income	177,467	167,933	98,090	70,333	76,813	64,959
Net Interest Income Growth (YoY)	18.00%	71.20%	39.46%	-8.44%	18.25%	32.13%
Gain (Loss) on Sale of Assets	271	160.26	138.38	107.78	73.16	63.18
Gain (Loss) on Sale of Investments	808.6	837.44	-1,715	262.84	3,396	828.87
Other Non-Interest Income	36,116	31,819	25,290	18,180	14,782	15,385
Total Non-Interest Income	37,195	32,816	23,714	18,550	18,252	16,277
Non-Interest Income Growth (YoY)	38.75%	38.38%	27.84%	1.64%	12.13%	-3.24%
Revenues Before Loan Losses	214,662	200,749	121,804	88,883	95,064	81,236
Provision for Loan Losses	96.58	1,075	-2,641	-5,473	7,330	2,674
Revenue	214,566	199,674	124,445	94,356	87,734	78,562
Revenue Growth (YoY)	21.40%	60.45%	31.89%	7.55%	11.67%	17.60%
Salaries and Employee Benefits	2,872	2,744	1,510	1,058	974.81	802.05
Selling, General & Administrative	4,095	3,302	2,941	2,289	2,218	2,398
Other Non-Interest Expense	65,156	57,528	45,402	38,826	35,843	35,548
Total Non-Interest Expense	70,052	62,226	49,167	41,230	38,464	38,409
EBT Excluding Unusual Items	144,513	137,448	75,278	53,126	49,271	40,154
Other Unusual Items	94.86	70.62	62.67	149.13	47.65	-
Pretax Income	144,608	137,519	75,340	53,275	49,318	40,154
Income Tax Expense	74,849	72,248	40,889	21,948	19,756	16,206
Earnings From Continuing Operations	69,759	65,271	34,451	31,328	29,562	23,947
Minority Interest in Earnings	-179.64	-166.38	-86.1	-148.05	-152.04	-78.96
Net Income	69,580	65,105	34,365	31,180	29,410	23,868
Net Income to Common	69,580	65,105	34,365	31,180	29,410	23,868
Net Income Growth	12.26%	89.45%	10.22%	6.02%	23.22%	17.27%
Basic Shares Outstanding	1,185	1,185	1,185	1,185	1,185	1,185
Diluted Shares Outstanding	1,185	1,185	1,185	1,185	1,185	1,185
EPS (Basic)	58.71	54.94	29.00	26.31	24.82	20.14
EPS (Diluted)	58.71	54.94	29.00	26.31	24.82	20.14
EPS Growth	12.26%	89.45%	10.22%	6.02%	23.22%	17.27%
Dividend Per Share	36.000	30.000	20.000	19.000	20.000	17.000
Dividend Growth	33.33%	50.00%	5.26%	-5.00%	17.65%	6.25%
Effective Tax Rate	51.76%	52.54%	54.27%	41.20%	40.06%	40.36%

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