Swedbank AB (publ) (STO: SWED.A)

Swedbank 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	112,650	101,758	45,003	29,912	32,020	32,810
Interest Income on Investments	613	613	284	452	1,771	2,560
Total Interest Income	113,263	102,371	45,287	30,364	33,791	35,370
Interest Paid on Deposits	62,941	51,438	12,141	3,316	6,938	9,381
Total Interest Expense	62,941	51,438	12,141	3,316	6,938	9,381
Net Interest Income	50,322	50,933	33,146	27,048	26,853	25,989
Net Interest Income Growth (YoY)	3.71%	53.66%	22.55%	0.73%	3.32%	3.02%
Gain (Loss) on Sale of Assets	-	-	-	-	-	48
Gain (Loss) on Sale of Investments	2,955	542	-613	-93	362	678
Gain (Loss) on Sale of Equity Investments	785	803	738	976	582	822
Other Non-Interest Income	20,438	20,780	18,757	19,750	17,879	18,422
Total Non-Interest Income	24,178	22,125	18,882	20,633	18,823	19,970
Non-Interest Income Growth (YoY)	12.70%	17.18%	-8.49%	9.62%	-5.74%	5.14%
Revenues Before Loan Losses	74,500	73,058	52,028	47,681	45,676	45,959
Provision for Loan Losses	489	1,674	1,479	170	4,334	1,469
Revenue	74,011	71,384	50,549	47,511	41,342	44,490
Revenue Growth (YoY)	8.87%	41.22%	6.39%	14.92%	-7.08%	1.81%
Salaries and Employee Benefits	14,346	13,464	12,513	12,364	11,550	10,679
Occupancy Expenses	2,064	1,920	1,695	1,631	1,580	1,551
Selling, General & Administrative	8,638	8,716	6,609	6,852	7,430	7,754
Other Non-Interest Expense	4,263	3,574	1,830	791	-	2
Total Non-Interest Expense	29,311	27,674	22,647	21,638	20,560	19,989
EBT Excluding Unusual Items	44,700	43,710	27,902	25,873	20,782	24,501
Asset Writedown	-107	-88	-532	-56	-2	-82
Other Unusual Items	-	-	-	-	-4,000	1
Pretax Income	44,593	43,622	26,764	25,817	16,780	24,420
Income Tax Expense	9,870	9,492	5,396	4,945	3,851	4,711
Earnings From Continuing Operations	34,723	34,130	21,368	20,872	12,929	19,709
Minority Interest in Earnings	-2	-2	-3	-1	-	-12
Net Income	34,721	34,128	21,365	20,871	12,929	19,697
Net Income to Common	34,721	34,128	21,365	20,871	12,929	19,697
Net Income Growth	6.52%	59.74%	2.37%	61.43%	-34.36%	-6.92%
Basic Shares Outstanding	1,125	1,125	1,123	1,121	1,120	1,118
Diluted Shares Outstanding	1,129	1,127	1,126	1,125	1,123	1,122
Shares Change (YoY)	0.21%	0.13%	0.10%	0.12%	0.13%	0.13%
EPS (Basic)	30.86	30.35	19.03	18.62	11.55	17.62
EPS (Diluted)	30.74	30.27	18.98	18.56	11.51	17.56
EPS Growth	6.26%	59.48%	2.26%	61.25%	-34.45%	-7.04%
Dividend Per Share	15.150	15.150	9.750	9.250	2.900	4.350
Dividend Growth	55.38%	55.38%	5.41%	218.97%	-33.33%	-69.37%
Effective Tax Rate	22.13%	21.76%	20.16%	19.15%	22.95%	19.29%

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