JPMorgan Chase & Co. (WSE:JPM)

JPMorgan Chase & Co. Income Statement

Financials in millions USD. 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	193,933	170,588	92,807	57,864	64,523
Interest Paid on Deposits	101,350	81,321	26,097	5,553	9,960
Net Interest Income	92,583	89,267	66,710	52,311	54,563
Net Interest Income Growth (YoY)	3.71%	33.81%	27.53%	-4.13%	-4.69%
Trust Income	17,801	15,220	14,096	14,405	18,177
Mortgage Banking Activities	1,401	1,176	1,250	2,170	3,091
Income From Trading Activities	24,787	24,460	19,912	16,304	18,021
Gain (Loss) on Sale of Assets	-	-	-	-7	6
Gain (Loss) on Sale of Investments	6,969	-3,180	-1,466	-345	802
Gain (Loss) on Sale of Equity Investments	-97	-1,538	-1,491	-1,570	-
Other Non-Interest Income	34,009	29,585	29,684	38,374	25,291
Total Non-Interest Income	84,870	65,723	61,985	69,331	65,388
Non-Interest Income Growth (YoY)	29.13%	6.03%	-10.60%	6.03%	11.82%
Revenues Before Loan Losses	177,453	154,990	128,695	121,642	119,951
Provision for Loan Losses	10,678	9,320	6,389	-9,256	17,480
Revenue	166,775	145,670	122,306	130,898	102,471
Revenue Growth (YoY)	14.49%	19.10%	-6.56%	27.74%	-6.96%
Salaries and Employee Benefits	47,853	43,348	38,842	35,638	32,537
Occupancy Expenses	2,795	2,511	4,696	-	-
Selling, General & Administrative	31,597	29,268	26,237	30,236	28,178
Other Non-Interest Expense	8,775	8,085	6,365	5,462	4,826
Total Non-Interest Expense	91,020	83,212	76,140	71,336	65,541
EBT Excluding Unusual Items	75,755	62,458	46,166	59,562	36,930
Legal Settlements	-	-	-	-	-1,115
Other Unusual Items	103	214	-	-	-
Pretax Income	75,081	61,612	46,166	59,562	35,815
Income Tax Expense	16,610	12,060	8,490	11,228	6,684
Net Income	58,471	49,552	37,676	48,334	29,131
Preferred Dividends & Other Adjustments	1,603	1,792	1,784	1,831	1,721
Net Income to Common	56,868	47,760	35,892	46,503	27,410
Net Income Growth	18.00%	31.52%	-22.05%	65.92%	-20.04%
Basic Shares Outstanding	2,874	2,939	2,966	3,022	3,082
Diluted Shares Outstanding	2,879	2,943	2,970	3,027	3,087
Shares Change (YoY)	-2.18%	-0.91%	-1.87%	-1.97%	-4.43%
EPS (Basic)	19.79	16.25	12.10	15.39	8.89
EPS (Diluted)	19.75	16.23	12.09	15.36	8.88
EPS Growth	21.69%	34.24%	-21.29%	72.97%	-17.16%
Dividend Per Share	4.800	4.100	4.000	3.800	3.600
Dividend Growth	17.07%	2.50%	5.26%	5.56%	5.88%
Effective Tax Rate	22.12%	19.57%	18.39%	18.85%	18.66%

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