LH Financial Group Public Company Limited (BKK: LHFG)

LHFG Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	12,712	11,668	8,724	7,770	7,855	8,643
Interest Income on Investments	666.09	1,034	1,157	1,593	1,389	1,443
Total Interest Income	13,378	12,702	9,880	9,362	9,244	10,086
Interest Paid on Deposits	5,725	4,725	2,529	2,331	3,130	4,157
Net Interest Income	7,653	7,977	7,351	7,032	6,114	5,929
Net Interest Income Growth (YoY)	-2.17%	8.51%	4.55%	15.00%	3.13%	-1.41%
Gain (Loss) on Sale of Investments	-25.62	10.86	-	155.65	833.92	1,095
Other Non-Interest Income	809.04	742.65	771.95	888.02	799.07	879.74
Total Non-Interest Income	783.42	753.51	771.95	1,044	1,633	1,975
Non-Interest Income Growth (YoY)	-2.14%	-2.39%	-26.04%	-36.09%	-17.32%	88.75%
Revenues Before Loan Losses	8,436	8,730	8,123	8,075	7,747	7,904
Provision for Loan Losses	2,014	2,163	2,704	3,275	2,304	1,093
Revenue	6,423	6,567	5,420	4,800	5,444	6,811
Revenue Growth (YoY)	3.34%	21.17%	12.91%	-11.82%	-20.08%	4.95%
Salaries and Employee Benefits	2,298	2,222	2,059	1,796	1,615	1,607
Occupancy Expenses	828.31	782.1	696.84	674.45	726	731.3
Amortization of Goodwill & Intangibles	115.03	126.03	118.95	123.84	126.46	118.31
Selling, General & Administrative	224.62	237.16	215.93	172.24	123.5	154.03
Other Non-Interest Expense	771.6	680.52	498.85	456.29	406.48	394.41
Total Non-Interest Expense	4,237	4,047	3,590	3,223	2,997	3,005
EBT Excluding Unusual Items	2,185	2,520	1,830	1,577	2,446	3,806
Pretax Income	2,185	2,520	1,830	1,577	2,446	3,806
Income Tax Expense	400.33	423.28	251.11	192.93	389.5	591.17
Earnings From Continuing Operations	1,785	2,096	1,579	1,384	2,057	3,215
Minority Interest in Earnings	-0.03	-0.03	-0.05	-	-0.07	-
Net Income	1,785	2,096	1,579	1,384	2,057	3,215
Net Income to Common	1,785	2,096	1,579	1,384	2,057	3,215
Net Income Growth	-12.31%	32.78%	14.09%	-32.73%	-36.02%	3.42%
Basic Shares Outstanding	21,243	21,184	21,184	21,055	20,958	21,184
Diluted Shares Outstanding	21,243	21,184	21,184	21,055	20,958	21,184
Shares Change (YoY)	0.51%	-	0.61%	0.46%	-1.07%	0.19%
EPS (Basic)	0.08	0.10	0.07	0.07	0.10	0.15
EPS (Diluted)	0.08	0.10	0.07	0.07	0.10	0.15
EPS Growth	-12.76%	32.78%	13.40%	-33.04%	-35.33%	3.23%
Dividend Per Share	0.030	0.030	0.010	0.040	0.040	0.080
Dividend Growth	200.00%	200.00%	-75.00%	0%	-50.00%	0%
Effective Tax Rate	18.32%	16.80%	13.72%	12.24%	15.92%	15.53%

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