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

Swedbank 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	112,136	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	112,749	102,371	45,287	30,364	33,791	35,370
Interest Paid on Deposits	61,756	51,438	12,141	3,316	6,938	9,381
Total Interest Expense	61,756	51,438	12,141	3,316	6,938	9,381
Net Interest Income	50,993	50,933	33,146	27,048	26,853	25,989
Net Interest Income Growth (YoY)	15.95%	53.66%	22.55%	0.73%	3.32%	3.02%
Gain (Loss) on Sale of Assets	-	-	-	-	-	48
Gain (Loss) on Sale of Investments	2,059	542	947	-93	362	678
Gain (Loss) on Sale of Equity Investments	698	803	738	976	582	822
Other Non-Interest Income	20,070	20,780	17,197	19,750	17,879	18,422
Total Non-Interest Income	22,827	22,125	18,882	20,633	18,823	19,970
Non-Interest Income Growth (YoY)	7.43%	17.18%	-8.49%	9.62%	-5.74%	5.14%
Revenues Before Loan Losses	73,820	73,058	52,028	47,681	45,676	45,959
Provision for Loan Losses	564	1,674	1,479	170	4,334	1,469
Revenue	73,256	71,384	50,549	47,511	41,342	44,490
Revenue Growth (YoY)	16.31%	41.22%	6.39%	14.92%	-7.08%	1.81%
Salaries and Employee Benefits	14,065	13,464	12,513	12,364	11,550	10,679
Occupancy Expenses	2,017	1,920	1,695	1,631	1,580	1,551
Selling, General & Administrative	8,540	8,716	6,609	6,852	7,430	7,754
Other Non-Interest Expense	4,361	3,574	1,830	791	-	2
Total Non-Interest Expense	28,983	27,674	22,647	21,638	20,560	19,989
EBT Excluding Unusual Items	44,273	43,710	27,902	25,873	20,782	24,501
Asset Writedown	-109	-88	-532	-56	-2	-82
Other Unusual Items	-	-	-	-	-4,000	1
Pretax Income	44,164	43,622	26,764	25,817	16,780	24,420
Income Tax Expense	9,694	9,492	5,396	4,945	3,851	4,711
Earnings From Continuing Operations	34,470	34,130	21,368	20,872	12,929	19,709
Minority Interest in Earnings	-2	-2	-3	-1	-	-12
Net Income	34,468	34,128	21,365	20,871	12,929	19,697
Net Income to Common	34,468	34,128	21,365	20,871	12,929	19,697
Net Income Growth	18.61%	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	1,128	1,127	1,126	1,125	1,123	1,122
Shares Change (YoY)	0.15%	0.13%	0.10%	0.12%	0.13%	0.13%
EPS (Basic)	30.64	30.35	19.03	18.62	11.55	17.62
EPS (Diluted)	30.55	30.27	18.98	18.56	11.51	17.56
EPS Growth	18.45%	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	21.95%	21.76%	20.16%	19.15%	22.95%	19.29%

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