Akbank T.A.S. (IST:AKBNK)

Akbank T.A.S. Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	341,099	311,171	135,462	69,904	35,309	24,660
Interest Income on Investments	204,300	187,828	96,036	61,957	15,674	10,473
Total Interest Income	545,398	498,999	231,498	131,861	50,984	35,133
Interest Paid on Deposits	378,514	350,421	141,485	38,943	17,816	9,224
Interest Paid on Borrowings	97,208	78,333	21,057	13,743	8,807	5,205
Total Interest Expense	475,722	428,755	162,542	52,686	26,622	14,429
Net Interest Income	69,676	70,245	68,955	79,175	24,361	20,704
Net Interest Income Growth (YoY)	-7.45%	1.87%	-12.91%	225.01%	17.67%	22.18%
Income From Trading Activities	-4,874	-19,176	10,647	-10,536	-95.22	-3,805
Gain (Loss) on Sale of Assets	2.67	-	-	-4.2	-7.34	-5.59
Gain (Loss) on Sale of Investments	-88.67	-88.67	-10.45	-	-	-
Other Non-Interest Income	109,256	109,282	70,840	43,137	15,254	9,074
Total Non-Interest Income	104,295	90,017	81,476	32,597	15,152	5,264
Non-Interest Income Growth (YoY)	17.70%	10.48%	149.95%	115.14%	187.85%	12.79%
Revenues Before Loan Losses	173,971	160,262	150,432	111,772	39,513	25,967
Provision for Loan Losses	28,128	22,764	15,720	7,249	5,176	6,954
Revenue	145,843	137,498	134,712	104,523	34,337	19,013
Revenue Growth (YoY)	-0.87%	2.07%	28.88%	204.40%	80.60%	27.54%
Salaries and Employee Benefits	32,588	31,402	17,003	6,894	3,537	3,040
Selling, General & Administrative	3,499	3,447	1,717	889.68	423.84	321.36
Other Non-Interest Expense	56,496	50,901	28,929	16,463	13,735	7,335
Total Non-Interest Expense	92,356	85,560	47,614	24,246	17,695	10,697
EBT Excluding Unusual Items	53,488	51,938	87,098	80,277	16,642	8,316
Asset Writedown	-59.05	-85.97	-5.48	-6.14	-1.52	-32.22
Pretax Income	53,429	51,852	87,092	80,271	16,640	8,284
Income Tax Expense	10,519	9,490	20,596	20,245	4,513	2,025
Earnings From Continuing Operations	42,909	42,362	66,496	60,026	12,127	6,260
Minority Interest in Earnings	6.19	3.92	-	-	-	-0.02
Net Income	42,915	42,366	66,496	60,026	12,127	6,260
Net Income to Common	42,915	42,366	66,496	60,026	12,127	6,260
Net Income Growth	-37.78%	-36.29%	10.78%	394.97%	93.74%	16.95%
Basic Shares Outstanding	5,200	5,200	5,200	5,200	5,200	5,200
Diluted Shares Outstanding	5,200	5,200	5,200	5,200	5,200	5,200
Shares Change (YoY)	-	-	-	-	-	3.88%
EPS (Basic)	8.25	8.15	12.79	11.54	2.33	1.20
EPS (Diluted)	8.25	8.15	12.79	11.54	2.33	1.20
EPS Growth	-37.78%	-36.29%	10.78%	394.97%	93.74%	12.59%
Dividend Per Share	1.222	1.222	1.917	1.700	0.200	0.100
Dividend Growth	-36.27%	-36.27%	12.79%	750.00%	100.00%	-
Effective Tax Rate	19.69%	18.30%	23.65%	25.22%	27.12%	24.44%

Updated Jan 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.