QNB Bank A.S. (IST:QNBTR)

QNB Bank 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	30,836	5,323	3,167	41,901	20,962	14,308
Interest Income on Investments	331,635	313,592	126,441	25,112	5,956	3,413
Total Interest Income	362,471	318,915	129,608	67,013	26,918	17,721
Interest Paid on Deposits	216,510	192,091	73,398	18,739	8,895	4,208
Interest Paid on Borrowings	63,907	52,190	17,872	9,689	5,188	3,233
Total Interest Expense	280,417	244,282	91,270	28,429	14,083	7,440
Net Interest Income	82,054	74,633	38,339	38,584	12,836	10,281
Net Interest Income Growth (YoY)	73.35%	94.67%	-0.64%	200.60%	24.85%	31.08%
Income From Trading Activities	-26,668	-37,535	-6,453	-5,272	-6,320	-2,877
Gain (Loss) on Sale of Assets	-18.14	-18.27	-0.08	-0.06	-0.84	-0.96
Other Non-Interest Income	62,209	64,243	42,894	13,366	7,277	3,002
Total Non-Interest Income	35,523	26,690	36,441	8,094	955.84	123.56
Non-Interest Income Growth (YoY)	6.42%	-26.76%	350.21%	746.80%	673.60%	-92.19%
Revenues Before Loan Losses	117,578	101,322	74,779	46,678	13,791	10,404
Provision for Loan Losses	20,465	17,656	12,125	5,096	3,311	2,530
Revenue	97,112	83,666	62,655	41,582	10,480	7,874
Revenue Growth (YoY)	39.93%	33.54%	50.68%	296.77%	33.09%	4.91%
Salaries and Employee Benefits	21,116	18,967	9,924	4,800	2,340	2,029
Selling, General & Administrative	3,114	2,806	1,762	1,604	-	-
Other Non-Interest Expense	20,611	14,776	11,725	10,743	3,113	2,563
Total Non-Interest Expense	44,841	36,550	23,411	16,928	5,345	4,494
EBT Excluding Unusual Items	52,271	47,117	39,244	24,654	5,135	3,381
Pretax Income	52,271	47,117	39,244	24,654	5,135	3,381
Income Tax Expense	14,764	10,935	6,066	7,428	1,227	626.07
Earnings From Continuing Operations	37,507	36,182	33,178	17,226	3,908	2,755
Minority Interest in Earnings	-8.57	-7.27	-4.97	-2.42	-1.21	-0.84
Net Income	37,499	36,174	33,173	17,224	3,907	2,754
Net Income to Common	37,499	36,174	33,173	17,224	3,907	2,754
Net Income Growth	3.00%	9.05%	92.60%	340.88%	41.87%	-3.85%
Basic Shares Outstanding	3,350	3,350	3,350	3,350	3,350	3,350
Diluted Shares Outstanding	3,350	3,350	3,350	3,350	3,350	3,350
EPS (Basic)	11.19	10.80	9.90	5.14	1.17	0.82
EPS (Diluted)	11.19	10.80	9.90	5.14	1.17	0.82
EPS Growth	3.00%	9.05%	92.60%	340.88%	41.87%	-3.85%
Effective Tax Rate	28.24%	23.21%	15.46%	30.13%	23.90%	18.52%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.