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

Svenska Handelsbanken AB Income Statement

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

Fiscal Year	TTM	2023	2022	2021	2020	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	176,723	159,805	67,407	35,832	42,830	54,395
Interest Income on Investments	3	3	17	2	53	113
Total Interest Income	176,726	159,808	67,424	35,834	42,883	54,508
Interest Paid on Deposits	128,984	112,227	30,793	5,511	13,751	22,260
Net Interest Income	47,742	47,581	36,631	30,323	29,132	32,248
Net Interest Income Growth (YoY)	10.04%	29.89%	20.80%	4.09%	-9.66%	2.36%
Gain (Loss) on Sale of Assets	17	20	1,083	422	5	20
Gain (Loss) on Sale of Investments	804	670	-4,710	-900	304	646
Gain (Loss) on Sale of Equity Investments	106	51	-13	63	18	32
Other Non-Interest Income	14,222	13,948	17,406	14,383	10,914	11,638
Total Non-Interest Income	15,149	14,689	13,766	13,968	11,241	12,336
Non-Interest Income Growth (YoY)	9.93%	6.70%	-1.45%	24.26%	-8.88%	0.46%
Revenues Before Loan Losses	62,891	62,270	50,397	44,291	40,373	44,584
Provision for Loan Losses	-175	141	47	43	649	1,045
Revenue	63,066	62,129	50,350	44,248	39,724	43,539
Revenue Growth (YoY)	10.46%	23.39%	13.79%	11.39%	-8.76%	1.48%
Salaries and Employee Benefits	14,057	13,278	12,614	12,367	12,384	13,619
Occupancy Expenses	1,811	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	10,387	10,175	8,661	6,361	5,033	6,161
Total Non-Interest Expense	26,580	25,481	23,089	20,662	19,162	21,573
EBT Excluding Unusual Items	36,486	36,648	27,261	23,586	20,562	21,966
Asset Writedown	-40	-40	-32	-45	-82	-69
Other Unusual Items	-400	-285	-401	-48	-213	829
Pretax Income	35,744	36,323	26,828	23,475	18,797	21,796
Income Tax Expense	8,212	8,417	5,431	4,627	4,240	4,871
Earnings From Continuing Operations	27,532	27,906	21,397	18,848	14,557	16,925
Earnings From Discontinued Operations	1,063	1,209	280	693	1,029	-
Minority Interest in Earnings	-9	-8	-1	-14	-1	-3
Net Income	28,586	29,107	21,676	19,527	15,585	16,922
Net Income to Common	28,586	29,107	21,676	19,527	15,585	16,922
Net Income Growth	11.25%	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)	14.44	14.70	10.95	9.86	7.87	8.65
EPS (Diluted)	14.44	14.70	10.95	9.86	7.87	8.58
EPS Growth	11.25%	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	22.97%	23.17%	20.24%	19.71%	22.56%	22.35%

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