Scotiabank Chile S.A. (SNSE: SCOTIABKCL)

Scotiabank Chile Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	2,435,706	2,488,415	1,757,297	1,093,071	1,539,782	1,681,074
Interest Paid on Deposits	1,510,277	1,637,454	1,111,306	312,048	625,585	816,751
Net Interest Income	925,429	850,961	645,991	781,023	914,197	864,323
Net Interest Income Growth (YoY)	36.83%	31.73%	-17.29%	-14.57%	5.77%	40.56%
Income From Trading Activities	358,106	185,942	115,228	75,865	-	-
Gain (Loss) on Sale of Assets	-1,830	845	4,246	1,665	10,830	36,375
Gain (Loss) on Sale of Investments	7,121	8,289	5,898	31,086	8,305	11,580
Gain (Loss) on Sale of Equity Investments	5,662	6,362	6,513	-6,895	-	-
Other Non-Interest Income	366,698	525,826	659,153	454,888	336,441	349,211
Total Non-Interest Income	735,757	727,264	791,038	556,609	355,576	397,166
Non-Interest Income Growth (YoY)	-9.43%	-8.06%	42.12%	56.54%	-10.47%	76.60%
Revenues Before Loan Losses	1,661,186	1,578,225	1,437,029	1,337,632	1,269,773	1,261,489
Provision for Loan Losses	438,818	421,926	299,660	207,987	328,238	276,030
Revenue	1,222,368	1,156,299	1,137,369	1,129,645	941,535	985,459
Revenue Growth (YoY)	9.20%	1.66%	0.68%	19.98%	-4.46%	61.64%
Salaries and Employee Benefits	304,820	307,418	274,477	284,722	257,512	299,149
Occupancy Expenses	69,775	66,914	60,583	56,424	58,779	56,777
Selling, General & Administrative	252,213	241,090	230,526	207,880	226,257	243,476
Other Non-Interest Expense	35,988	35,818	33,403	34,958	43,175	34,248
Total Non-Interest Expense	662,796	651,240	598,989	583,984	584,104	633,374
EBT Excluding Unusual Items	559,572	505,059	538,380	545,661	357,431	352,085
Asset Writedown	-432	-264	-584	-262	-72	-219
Legal Settlements	187	104	-1,279	-529	-425	-706
Other Unusual Items	-	-	-	-	27	-
Pretax Income	545,605	491,177	536,517	544,870	356,961	351,148
Income Tax Expense	89,404	74,612	21,461	94,865	70,592	77,582
Earnings From Continuing Operations	456,201	416,565	515,056	450,005	286,369	273,566
Minority Interest in Earnings	-10,635	-8,604	-27,523	-25,777	-10,950	-19,188
Net Income	445,566	407,961	487,533	424,228	275,419	254,378
Net Income to Common	445,566	407,961	487,533	424,228	275,419	254,378
Net Income Growth	1.37%	-16.32%	14.92%	54.03%	8.27%	135.27%
Basic Shares Outstanding	12,245	12,245	12,245	12,245	12,245	11,510
Diluted Shares Outstanding	12,245	12,245	12,245	12,245	12,245	11,510
Shares Change (YoY)	-0.01%	-	-	-	6.38%	0.07%
EPS (Basic)	36.39	33.32	39.82	34.65	22.49	22.10
EPS (Diluted)	36.39	33.32	39.82	34.65	22.49	22.10
EPS Growth	1.38%	-16.32%	14.92%	54.03%	1.78%	135.11%
Dividend Per Share	9.995	9.995	11.945	13.863	8.997	8.515
Dividend Growth	-16.32%	-16.32%	-13.84%	54.09%	5.66%	202.14%
Effective Tax Rate	16.39%	15.19%	4.00%	17.41%	19.78%	22.09%

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