Sovcombank (MOEX:SVCB)

Sovcombank Income Statement

Financials in millions RUB. 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	581,631	530,271	269,983	213,479	153,587	99,618
Interest Income on Investments	81,366	72,211	44,729	32,596	29,507	33,500
Total Interest Income	662,997	602,482	314,712	246,075	183,094	133,118
Interest Paid on Deposits	498,472	437,934	171,753	138,679	63,953	51,202
Net Interest Income	164,525	164,548	142,959	107,396	119,141	81,916
Net Interest Income Growth (YoY)	12.27%	15.10%	33.11%	-9.86%	45.44%	41.96%
Gain (Loss) on Sale of Assets	149	196	2,226	428	997	-
Gain (Loss) on Sale of Investments	-2,230	-144	-6,324	-733	-1,313	339
Gain (Loss) on Sale of Equity Investments	-	-	-	-	-	5
Other Non-Interest Income	94,623	102,622	81,219	-8,163	33,709	26,709
Total Non-Interest Income	90,909	101,901	77,155	-9,019	36,373	31,562
Non-Interest Income Growth (YoY)	19.32%	32.07%	-	-	15.24%	-0.21%
Revenues Before Loan Losses	255,434	266,449	220,114	98,377	155,514	113,478
Provision for Loan Losses	74,118	73,907	32,513	55,933	31,637	20,937
Revenue	181,316	192,542	187,601	42,444	123,877	92,541
Revenue Growth (YoY)	-4.76%	2.63%	342.00%	-65.74%	33.86%	13.56%
Salaries and Employee Benefits	69,708	61,942	42,968	34,988	29,821	20,446
Federal Deposit Insurance	7,130	6,487	4,097	4,368	3,048	2,104
Selling, General & Administrative	60,681	56,774	41,107	32,557	27,200	17,470
Other Non-Interest Expense	-43,207	-30,227	-10,451	-6,827	5,173	4,170
Total Non-Interest Expense	94,312	94,976	77,721	65,086	65,242	44,190
EBT Excluding Unusual Items	87,004	97,566	109,880	-22,642	58,635	48,351
Asset Writedown	-3,569	307	421	273	45	7
Legal Settlements	-834	-16	-1,275	-806	-315	-470
Other Unusual Items	-15,213	-18,149	697	371	2,697	693
Pretax Income	67,388	79,708	109,723	-23,023	61,062	48,547
Income Tax Expense	2,632	2,474	14,687	-4,440	11,353	9,346
Earnings From Continuing Operations	64,756	77,234	95,036	-18,583	49,709	39,201
Minority Interest in Earnings	-1,897	-1,642	-898	-286	677	-697
Net Income	62,859	75,592	94,138	-18,869	50,386	38,504
Preferred Dividends & Other Adjustments	2,876	3,051	890	394	1,832	1,591
Net Income to Common	59,983	72,541	93,248	-19,263	48,554	36,913
Net Income Growth	-34.85%	-19.70%	-	-	30.86%	29.34%
Basic Shares Outstanding	20,060	20,060	19,100	19,000	19,000	19,100
Diluted Shares Outstanding	22,450	22,000	19,100	19,000	19,000	19,100
Shares Change (YoY)	15.13%	15.18%	0.53%	-	-0.52%	-1.55%
EPS (Basic)	2.99	3.62	4.88	-1.01	2.56	1.93
EPS (Diluted)	2.68	3.30	4.88	-1.01	2.56	1.93
EPS Growth	-45.01%	-32.41%	-	-	32.23%	27.88%
Dividend Per Share	0.350	0.350	1.140	-	0.350	-
Dividend Growth	-69.30%	-69.30%	-	-	-	-
Effective Tax Rate	3.91%	3.10%	13.39%	-	18.59%	19.25%

Updated Jan 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.