Commercial Bank of Ceylon PLC (COSE: COMB.N0000)

Commercial Bank of Ceylon Income Statement

Financials in millions LKR. 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	280,194	297,646	222,393	132,818	124,088	129,288
Interest Paid on Deposits	165,681	211,231	137,728	66,402	73,219	80,931
Net Interest Income	114,512	86,415	84,665	66,416	50,869	48,356
Net Interest Income Growth (YoY)	38.41%	2.07%	27.48%	30.56%	5.20%	6.00%
Income From Trading Activities	-4,049	-12,482	35,297	1,936	1,878	1,361
Gain (Loss) on Sale of Assets	21.05	21.05	20.12	4.05	5.82	19.73
Gain (Loss) on Sale of Investments	6,088	5,060	276.88	3,002	6,390	1,136
Other Non-Interest Income	34,747	43,036	16,369	22,235	17,587	16,814
Total Non-Interest Income	36,807	35,636	51,963	27,177	25,861	19,330
Non-Interest Income Growth (YoY)	0.82%	-31.42%	91.21%	5.09%	33.78%	0.44%
Revenues Before Loan Losses	151,319	122,051	136,629	93,593	76,729	67,687
Provision for Loan Losses	33,132	38,895	71,924	25,140	21,420	11,332
Revenue	118,187	83,156	64,704	68,453	55,310	56,355
Revenue Growth (YoY)	60.13%	28.52%	-5.48%	23.76%	-1.85%	0.58%
Salaries and Employee Benefits	25,899	22,803	19,788	16,757	14,881	14,409
Occupancy Expenses	4,729	4,336	3,598	3,220	3,103	2,841
Selling, General & Administrative	4,402	4,402	3,177	2,280	1,909	1,649
Other Non-Interest Expense	23,900	17,670	13,640	13,246	10,849	14,482
Total Non-Interest Expense	58,930	49,207	40,207	35,501	30,738	33,371
EBT Excluding Unusual Items	59,257	33,948	24,497	32,952	24,572	22,984
Asset Writedown	-21.34	-21.34	7.95	5.28	-51.97	-
Pretax Income	59,236	33,927	24,505	32,957	24,520	22,984
Income Tax Expense	20,562	12,027	105.57	8,667	7,433	5,564
Earnings From Continuing Operations	38,673	21,900	24,399	24,290	17,087	17,420
Minority Interest in Earnings	-686.63	-784.99	-587.56	-227.82	-146.85	-157.14
Net Income	37,987	21,115	23,812	24,062	16,940	17,263
Net Income to Common	37,987	21,115	23,812	24,062	16,940	17,263
Net Income Growth	65.34%	-11.33%	-1.04%	42.05%	-1.87%	-2.66%
Basic Shares Outstanding	1,357	1,338	1,338	1,337	1,238	1,207
Diluted Shares Outstanding	1,359	1,339	1,338	1,337	1,238	1,207
Shares Change (YoY)	0.89%	0.09%	0.07%	8.02%	2.58%	0.06%
EPS (Basic)	28.00	15.78	17.79	17.99	13.68	14.30
EPS (Diluted)	27.96	15.76	17.79	17.99	13.68	14.30
EPS Growth	63.88%	-11.41%	-1.11%	31.51%	-4.33%	-2.76%
Dividend Per Share	4.417	4.417	-	4.019	3.922	3.832
Dividend Growth	-	-	-	2.48%	2.34%	1.61%
Effective Tax Rate	34.71%	35.45%	0.43%	26.30%	30.31%	24.21%

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