Arion banki hf. (STO: ARION.SDB)

Arion banki Income Statement

Financials in millions ISK. 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	132,565	123,116	83,515	53,958	51,730	58,307
Interest Paid on Deposits	87,107	78,431	43,314	21,895	20,572	27,990
Net Interest Income	45,458	44,685	40,201	32,063	31,158	30,317
Net Interest Income Growth (YoY)	4.74%	11.15%	25.38%	2.90%	2.77%	3.40%
Gain (Loss) on Sale of Assets	4	-1	722	542	722	232
Gain (Loss) on Sale of Investments	2,179	1,502	-3,857	5,919	3,649	3,718
Gain (Loss) on Sale of Equity Investments	-23	-70	270	22	-	756
Other Non-Interest Income	14,810	16,585	17,919	19,134	15,355	12,975
Total Non-Interest Income	16,970	18,016	15,054	25,617	19,726	17,681
Non-Interest Income Growth (YoY)	5.60%	19.68%	-41.23%	29.86%	11.57%	7.94%
Revenues Before Loan Losses	62,428	62,701	55,255	57,680	50,884	47,998
Provision for Loan Losses	1,818	1,348	-144	-3,169	5,044	382
Revenue	60,610	61,353	55,399	60,849	45,840	47,616
Revenue Growth (YoY)	2.20%	10.75%	-8.96%	32.74%	-3.73%	12.90%
Salaries and Employee Benefits	-	-	-	14,539	12,332	13,562
Selling, General & Administrative	1,142	1,167	1,144	902	-	-
Other Non-Interest Expense	27,439	26,133	24,655	11,950	13,410	15,206
Total Non-Interest Expense	28,754	27,497	26,078	27,391	25,742	28,768
EBT Excluding Unusual Items	31,856	33,856	29,321	33,458	20,098	18,848
Asset Writedown	18	1,569	24	545	580	-
Other Unusual Items	-89	-89	14	-	-700	-
Pretax Income	31,785	35,336	29,359	34,003	19,978	17,769
Income Tax Expense	9,457	9,595	9,944	6,782	3,231	3,714
Earnings From Continuing Operations	22,328	25,741	19,415	27,221	16,747	14,055
Earnings From Discontinued Operations	-41	-4	6,543	1,394	-4,278	-12,955
Minority Interest in Earnings	51	18	-13	-10	7	-4
Net Income	22,338	25,755	25,945	28,605	12,476	1,096
Net Income to Common	22,338	25,755	25,945	28,605	12,476	1,096
Net Income Growth	-4.29%	-0.73%	-9.30%	129.28%	1038.32%	-84.60%
Basic Shares Outstanding	1,438	1,447	1,491	1,593	1,723	1,809
Diluted Shares Outstanding	1,507	1,525	1,576	1,690	1,723	1,809
Shares Change (YoY)	-3.06%	-3.24%	-6.75%	-1.92%	-4.75%	-1.74%
EPS (Basic)	15.54	17.80	17.40	17.96	7.24	0.61
EPS (Diluted)	14.82	16.89	16.46	16.92	7.24	0.61
EPS Growth	-1.34%	2.59%	-2.74%	133.86%	1094.52%	-84.33%
Dividend Per Share	9.000	9.000	8.500	15.000	1.740	-
Dividend Growth	5.88%	5.88%	-43.33%	762.07%	-	-
Effective Tax Rate	29.75%	27.15%	33.87%	19.95%	16.17%	20.90%

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