mBank S.A. (WSE: MBK)

mBank Income Statement

Financials in millions PLN. 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	14,180	14,523	9,094	3,970	4,207	4,523
Interest Income on Investments	284.65	313.27	177.25	488.83	486	552.4
Total Interest Income	14,465	14,836	9,271	4,459	4,693	5,076
Interest Paid on Deposits	5,015	5,953	3,342	327.69	679.05	1,069
Net Interest Income	9,450	8,883	5,929	4,131	4,014	4,007
Net Interest Income Growth (YoY)	11.16%	49.82%	43.52%	2.92%	0.18%	14.48%
Income From Trading Activities	207.84	73.34	97.2	96.89	184.75	134.52
Gain (Loss) on Sale of Assets	17.72	29.03	44.82	31.21	27.62	42.59
Gain (Loss) on Sale of Investments	82.63	-26.45	-144.06	98.3	109.1	104.09
Other Non-Interest Income	2,278	2,113	2,274	1,977	1,600	1,341
Total Non-Interest Income	2,586	2,189	2,271	2,204	1,922	1,622
Non-Interest Income Growth (YoY)	22.81%	-3.65%	3.07%	14.68%	18.47%	5.32%
Revenues Before Loan Losses	12,036	11,072	8,201	6,335	5,936	5,629
Provision for Loan Losses	884.59	1,077	817.97	873.23	1,226	712.34
Revenue	11,151	9,995	7,383	5,462	4,710	4,917
Revenue Growth (YoY)	13.53%	35.38%	35.17%	15.96%	-4.20%	8.96%
Occupancy Expenses	557.45	504.02	467.31	436.25	430.63	375.5
Selling, General & Administrative	213.82	197.94	151.64	135.73	128.27	147.5
Other Non-Interest Expense	3,378	3,377	3,726	2,704	2,509	2,446
Total Non-Interest Expense	4,164	4,091	4,358	3,287	3,078	2,979
EBT Excluding Unusual Items	6,987	5,904	3,025	2,175	1,632	1,938
Asset Writedown	-36.98	-25.48	-20.83	-7.94	-0.99	5.32
Legal Settlements	-4,851	-4,908	-3,112	-2,758	-1,022	-387.79
Pretax Income	2,099	970.59	-108.02	-591.03	609.73	1,555
Income Tax Expense	861.82	946.53	594.51	587.78	505.97	544.79
Earnings From Continuing Operations	1,237	24.06	-702.53	-1,179	103.76	1,010
Minority Interest in Earnings	-0.15	-0	-0.16	0.06	0.07	0.1
Net Income	1,237	24.05	-702.69	-1,179	103.83	1,010
Net Income to Common	1,237	24.05	-702.69	-1,179	103.83	1,010
Net Income Growth	40.75%	-	-	-	-89.72%	-22.45%
Basic Shares Outstanding	42	42	42	42	42	42
Diluted Shares Outstanding	43	43	42	42	42	42
Shares Change (YoY)	0.11%	0.28%	0.08%	-0.02%	0.05%	0.03%
EPS (Basic)	29.12	0.57	-16.57	-27.82	2.45	23.86
EPS (Diluted)	29.09	0.57	-16.57	-27.82	2.45	23.85
EPS Growth	40.66%	-	-	-	-89.73%	-22.49%
Effective Tax Rate	41.06%	97.52%	-	-	82.98%	35.03%

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