Stanbic Uganda Holdings Limited (UGSE: SBU)

Stanbic Uganda Holdings Income Statement

Financials in millions UGX. 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	802,031	781,926	635,025	543,995	536,234	484,410
Interest Paid on Deposits	85,635	73,033	45,612	45,969	45,441	35,469
Net Interest Income	716,397	708,893	589,413	498,026	490,792	448,941
Net Interest Income Growth (YoY)	5.34%	20.27%	18.35%	1.47%	9.32%	21.03%
Income From Trading Activities	305,442	270,116	261,426	233,702	177,344	191,205
Gain (Loss) on Sale of Assets	382.77	382.77	324.18	-43.28	204.64	554.83
Gain (Loss) on Sale of Investments	-	-	-	-20.96	16.77	-0.96
Gain (Loss) on Sale of Equity Investments	8,300	8,300	6,100	3,800	4,100	3,500
Other Non-Interest Income	211,474	206,452	180,636	168,019	158,932	162,908
Total Non-Interest Income	525,599	485,251	448,486	405,456	340,598	358,167
Non-Interest Income Growth (YoY)	11.17%	8.20%	10.61%	19.04%	-4.91%	23.42%
Revenues Before Loan Losses	1,241,996	1,194,144	1,037,899	903,482	831,390	807,108
Provision for Loan Losses	44,794	69,454	59,572	70,408	91,734	43,522
Revenue	1,197,202	1,124,691	978,326	833,075	739,656	763,586
Revenue Growth (YoY)	11.51%	14.96%	17.44%	12.63%	-3.13%	15.90%
Salaries and Employee Benefits	267,130	252,705	211,780	177,248	167,212	165,000
Occupancy Expenses	32,239	32,307	34,216	33,018	48,424	45,626
Amortization of Goodwill & Intangibles	15,252	15,252	15,162	15,041	-	-
Selling, General & Administrative	27,739	27,739	23,618	23,246	20,336	23,586
Other Non-Interest Expense	259,108	255,742	210,515	233,312	185,070	179,739
Total Non-Interest Expense	601,467	583,744	495,290	481,865	421,043	413,951
EBT Excluding Unusual Items	595,734	540,947	483,036	351,210	318,613	349,634
Pretax Income	595,734	540,947	483,036	351,210	318,613	349,634
Income Tax Expense	148,882	129,416	125,655	81,898	76,926	90,540
Net Income	446,853	411,531	357,381	269,312	241,686	259,094
Net Income to Common	446,853	411,531	357,381	269,312	241,686	259,094
Net Income Growth	12.97%	15.15%	32.70%	11.43%	-6.72%	20.43%
Basic Shares Outstanding	51,189	51,189	51,189	51,189	51,189	51,189
Diluted Shares Outstanding	51,189	51,189	51,189	51,189	51,189	51,189
Shares Change (YoY)	-0.00%	-	-	-	-	-
EPS (Basic)	8.73	8.04	6.98	5.26	4.72	5.06
EPS (Diluted)	8.73	8.04	6.98	5.26	4.72	5.06
EPS Growth	12.97%	15.15%	32.70%	11.43%	-6.72%	20.43%
Dividend Per Share	5.760	5.470	4.590	0.980	1.860	2.150
Dividend Growth	-4.79%	19.17%	368.37%	-47.31%	-13.49%	15.59%
Effective Tax Rate	24.99%	23.92%	26.01%	23.32%	24.14%	25.90%

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