Svenska Handelsbanken AB (publ) (STO: SHB.B)

Svenska Handelsbanken AB Income Statement

Financials in millions SEK. 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	176,584	159,805	67,407	35,832	42,830	54,395
Interest Income on Investments	4	3	17	2	53	113
Total Interest Income	176,588	159,808	67,424	35,834	42,883	54,508
Interest Paid on Deposits	129,266	112,227	30,793	5,511	13,751	22,260
Net Interest Income	47,322	47,581	36,631	30,323	29,132	32,248
Net Interest Income Growth (YoY)	2.86%	29.89%	20.80%	4.09%	-9.66%	2.36%
Gain (Loss) on Sale of Assets	16	20	1,083	422	5	20
Gain (Loss) on Sale of Investments	1,677	670	-4,710	-900	304	646
Gain (Loss) on Sale of Equity Investments	60	51	-13	63	18	32
Other Non-Interest Income	13,118	13,948	17,406	14,383	10,914	11,638
Total Non-Interest Income	14,871	14,689	13,766	13,968	11,241	12,336
Non-Interest Income Growth (YoY)	2.88%	6.70%	-1.45%	24.26%	-8.88%	0.46%
Revenues Before Loan Losses	62,193	62,270	50,397	44,291	40,373	44,584
Provision for Loan Losses	-317	141	47	43	649	1,045
Revenue	62,510	62,129	50,350	44,248	39,724	43,539
Revenue Growth (YoY)	3.64%	23.39%	13.79%	11.39%	-8.76%	1.48%
Salaries and Employee Benefits	14,606	13,278	12,614	12,367	12,384	13,619
Occupancy Expenses	1,843	1,703	1,614	1,751	1,593	1,601
Selling, General & Administrative	324.6	324.6	200	183.5	152	192
Other Non-Interest Expense	10,202	10,175	8,661	6,361	5,033	6,161
Total Non-Interest Expense	26,976	25,481	23,089	20,662	19,162	21,573
EBT Excluding Unusual Items	35,534	36,648	27,261	23,586	20,562	21,966
Asset Writedown	-40	-40	-32	-45	-82	-69
Other Unusual Items	-270	-285	-401	-48	-213	829
Pretax Income	34,898	36,323	26,828	23,475	18,797	21,796
Income Tax Expense	7,912	8,417	5,431	4,627	4,240	4,871
Earnings From Continuing Operations	26,986	27,906	21,397	18,848	14,557	16,925
Earnings From Discontinued Operations	868	1,209	280	693	1,029	-
Minority Interest in Earnings	-8	-8	-1	-14	-1	-3
Net Income	27,846	29,107	21,676	19,527	15,585	16,922
Net Income to Common	27,846	29,107	21,676	19,527	15,585	16,922
Net Income Growth	-0.03%	34.28%	11.01%	25.29%	-7.90%	-2.49%
Basic Shares Outstanding	1,980	1,980	1,980	1,980	1,980	1,957
Diluted Shares Outstanding	1,980	1,980	1,980	1,980	1,980	1,977
Shares Change (YoY)	-	-	-	-	0.16%	0.12%
EPS (Basic)	14.06	14.70	10.95	9.86	7.87	8.65
EPS (Diluted)	14.06	14.70	10.95	9.86	7.87	8.58
EPS Growth	-0.03%	34.28%	11.03%	25.29%	-8.29%	-2.95%
Dividend Per Share	6.500	6.500	5.500	5.000	4.100	-
Dividend Growth	18.18%	18.18%	10.00%	21.95%	-	-
Effective Tax Rate	22.67%	23.17%	20.24%	19.71%	22.56%	22.35%

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