Glarner Kantonalbank (SWX:GLKBN)

Glarner Kantonalbank Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	156.74	153.53	74.47	70.28	72.2
Interest Income on Investments	12.14	11.95	8.66	5.2	6.05
Total Interest Income	168.88	165.48	83.14	75.48	78.26
Interest Paid on Deposits	108.24	96.71	15.57	6.5	10.91
Net Interest Income	60.64	68.77	67.57	68.99	67.35
Net Interest Income Growth (YoY)	-11.82%	1.78%	-2.05%	2.43%	9.29%
Income From Trading Activities	-	-	8.81	4.94	-
Gain (Loss) on Sale of Investments	0.6	0.09	-5.74	0.06	0.13
Other Non-Interest Income	39.27	34.88	14.57	15.95	19.87
Total Non-Interest Income	40	35.09	17.74	20.98	20.03
Non-Interest Income Growth (YoY)	13.98%	97.79%	-15.44%	4.73%	-11.56%
Revenues Before Loan Losses	100.64	103.86	85.31	89.97	87.38
Provision for Loan Losses	2.15	1.69	-4.33	-0.78	4
Revenue	98.49	102.18	89.64	90.74	83.38
Revenue Growth (YoY)	-3.61%	13.99%	-1.22%	8.83%	2.87%
Salaries and Employee Benefits	41.25	39.68	38	35.34	30.84
Occupancy Expenses	4.74	5.45	-	5.87	4.22
Selling, General & Administrative	-	-	22.76	20.22	17.73
Other Non-Interest Expense	23.68	26.19	-0.44	0.25	-0.02
Total Non-Interest Expense	69.68	71.32	60.32	61.68	52.77
EBT Excluding Unusual Items	28.82	30.86	29.32	29.06	30.61
Other Unusual Items	-	0	-	0.15	-0.19
Pretax Income	28.82	30.86	29.32	29.21	30.42
Income Tax Expense	4.53	4.86	4.03	4.75	4.49
Net Income	24.29	26	25.29	24.46	25.93
Net Income to Common	24.29	26	25.29	24.46	25.93
Net Income Growth	-6.60%	2.81%	3.39%	-5.67%	2.98%
Basic Shares Outstanding	14	14	14	12	12
Diluted Shares Outstanding	14	14	14	14	14
Shares Change (YoY)	2.10%	2.84%	-	-	17.39%
EPS (Basic)	1.80	1.93	1.87	2.12	2.26
EPS (Diluted)	1.71	1.87	1.87	1.87	1.98
EPS Growth	-8.56%	-	-	-5.56%	-9.58%
Dividend Per Share	1.000	1.100	1.100	1.100	1.100
Dividend Growth	-9.09%	-	-	-	-
Effective Tax Rate	15.71%	15.75%	13.74%	16.26%	14.75%

Updated Feb 13, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.