Berner Kantonalbank AG (SWX: BEKN)

Berner Kantonalbank AG Income Statement

Financials in millions CHF. 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	592.42	544.69	333.19	315.09	324.28	332.23
Interest Income on Investments	19.25	16.37	10.38	8.19	10.02	12.27
Total Interest Income	611.67	561.06	343.58	323.28	334.29	344.5
Interest Paid on Deposits	222.99	172.86	39.37	37.31	55.09	82.68
Net Interest Income	388.68	388.2	304.21	285.97	279.2	261.81
Net Interest Income Growth (YoY)	10.87%	27.61%	6.38%	2.42%	6.64%	0.97%
Income From Trading Activities	23.85	24.27	37.45	24.92	20.87	23.97
Gain (Loss) on Sale of Assets	2.31	2.03	1.56	3.37	3.33	4.06
Gain (Loss) on Sale of Investments	24.63	12.8	16.66	11.03	6.83	9.05
Other Non-Interest Income	118.78	116.74	114.62	120.25	113.49	119.85
Total Non-Interest Income	169.57	155.83	170.29	159.57	144.52	156.93
Non-Interest Income Growth (YoY)	-5.86%	-8.49%	6.72%	10.42%	-7.91%	43.31%
Revenues Before Loan Losses	558.24	544.03	474.5	445.53	423.72	418.75
Provision for Loan Losses	18.64	11.75	-11.19	-17.98	10.51	-26.26
Revenue	539.6	532.28	485.69	463.51	413.2	445.01
Revenue Growth (YoY)	2.67%	9.59%	4.79%	12.17%	-7.15%	16.24%
Salaries and Employee Benefits	141.25	140.42	143.39	144.16	141.9	139.77
Occupancy Expenses	36.54	36.54	64.8	45.06	60.03	40.94
Selling, General & Administrative	117.48	113.94	111.5	94.46	95.3	108.49
Other Non-Interest Expense	47.28	44.09	-23.22	-11.83	-67.13	-14.9
Total Non-Interest Expense	342.55	335	296.47	271.84	230.09	274.3
EBT Excluding Unusual Items	197.05	197.29	189.22	191.67	183.11	170.71
Asset Writedown	-0.11	-0.11	-	-1.5	-12.2	-
Other Unusual Items	33.35	32.7	0.3	0.17	0.47	1.06
Pretax Income	230.29	229.89	189.52	190.34	171.38	171.77
Income Tax Expense	55.7	55	29.9	35.4	23	28.9
Net Income	174.59	174.89	159.62	154.94	148.38	142.87
Net Income to Common	174.59	174.89	159.62	154.94	148.38	142.87
Net Income Growth	3.18%	9.57%	3.02%	4.42%	3.85%	1.48%
Basic Shares Outstanding	-	9	9	9	9	9
Diluted Shares Outstanding	-	9	9	9	9	10
Shares Change (YoY)	-	-0.29%	0.26%	-0.04%	-3.45%	-
EPS (Basic)	-	18.94	17.24	16.77	16.06	15.33
EPS (Diluted)	-	18.94	17.24	16.77	16.06	14.93
EPS Growth	-	9.88%	2.75%	4.46%	7.56%	1.49%
Dividend Per Share	10.001	10.001	9.600	9.200	8.800	8.400
Dividend Growth	4.18%	4.18%	4.35%	4.55%	4.76%	5.00%
Effective Tax Rate	24.19%	23.93%	15.78%	18.60%	13.42%	16.82%

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