Equity Group Holdings Plc (UGSE: EBL)

Equity Group Holdings Income Statement

Financials in millions KES. 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	173,033	164,214	128,528	102,065	80,386	65,320
Interest Paid on Deposits	58,735	51,191	33,635	25,534	18,616	14,740
Net Interest Income	121,004	113,023	94,893	76,531	61,770	50,580
Net Interest Income Growth (YoY)	12.40%	19.11%	23.99%	23.90%	22.12%	22.11%
Gain (Loss) on Sale of Assets	18	18	25	-	7	5
Gain (Loss) on Sale of Investments	1,035	1,035	1,524	2,951	3,056	1,074
Other Non-Interest Income	57,469	54,118	38,303	25,427	22,108	19,572
Total Non-Interest Income	57,739	54,388	39,467	28,250	21,932	19,651
Non-Interest Income Growth (YoY)	4.34%	37.81%	39.71%	28.81%	11.61%	-11.05%
Revenues Before Loan Losses	178,743	167,411	134,360	104,781	83,702	70,231
Provision for Loan Losses	26,646	32,954	13,352	4,783	22,626	3,458
Revenue	152,097	134,457	121,008	99,998	61,076	66,773
Revenue Growth (YoY)	8.40%	11.11%	21.01%	63.73%	-8.53%	10.23%
Salaries and Employee Benefits	32,893	32,011	24,777	19,108	15,542	12,952
Occupancy Expenses	7,596	7,321	7,371	7,228	6,601	6,021
Selling, General & Administrative	43,538	43,246	29,767	1,430	1,274	930
Other Non-Interest Expense	10,725	-	-751	20,351	16,666	15,392
Total Non-Interest Expense	95,102	82,578	61,164	48,117	40,083	35,295
EBT Excluding Unusual Items	56,995	51,879	59,844	51,881	20,993	31,478
Other Unusual Items	-	-	-	-	1,177	-
Pretax Income	56,995	51,879	59,844	51,881	22,170	31,478
Income Tax Expense	8,520	8,142	13,741	11,809	2,070	8,917
Earnings From Continuing Operations	48,474	43,737	46,103	40,072	20,100	22,561
Minority Interest in Earnings	-1,800	-1,760	-1,209	-897	-310	-175
Net Income	46,675	41,977	44,894	39,175	19,790	22,386
Net Income to Common	46,675	41,977	44,894	39,175	19,790	22,386
Net Income Growth	1.18%	-6.50%	14.60%	97.95%	-11.60%	13.69%
Basic Shares Outstanding	3,775	3,774	3,774	3,774	3,774	3,774
Diluted Shares Outstanding	3,775	3,774	3,774	3,774	3,774	3,774
Shares Change (YoY)	0.06%	-	0.01%	-	-	-
EPS (Basic)	12.36	11.12	11.90	10.38	5.24	5.93
EPS (Diluted)	12.36	11.12	11.90	10.38	5.24	5.93
EPS Growth	1.11%	-6.50%	14.59%	97.95%	-11.60%	13.69%
Dividend Per Share	-	4.000	4.000	3.000	-	2.500
Dividend Growth	-	0%	33.33%	-	-	25.00%
Effective Tax Rate	14.95%	15.69%	22.96%	22.76%	9.34%	28.33%

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