Hatton National Bank PLC (COSE: HNB.N0000)

Hatton National Bank 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	266,525	304,578	220,581	107,408	112,825	124,889
Interest Paid on Deposits	162,129	186,504	109,015	50,945	61,988	68,533
Net Interest Income	104,396	118,075	111,567	56,462	50,837	56,356
Net Interest Income Growth (YoY)	-21.89%	5.83%	97.59%	11.07%	-9.79%	5.07%
Income From Trading Activities	-3,807	-11,851	4,826	-383.77	-816.9	-2,263
Gain (Loss) on Sale of Assets	13.88	13.88	12.11	13.2	9.33	24.61
Gain (Loss) on Sale of Investments	691.47	310.85	23.1	202.04	1,316	272.63
Other Non-Interest Income	39,823	42,951	44,448	28,110	20,728	22,121
Total Non-Interest Income	36,721	31,425	49,309	27,942	21,237	20,155
Non-Interest Income Growth (YoY)	15.10%	-36.27%	76.47%	31.57%	5.37%	-6.16%
Revenues Before Loan Losses	141,118	149,500	160,875	84,404	72,074	76,511
Provision for Loan Losses	15,468	42,509	91,736	19,507	16,041	11,399
Revenue	125,650	106,991	69,139	64,897	56,033	65,112
Revenue Growth (YoY)	47.63%	54.75%	6.54%	15.82%	-13.94%	-0.27%
Salaries and Employee Benefits	22,206	20,934	18,491	13,676	13,903	14,026
Other Non-Interest Expense	55,624	49,964	36,561	28,433	24,951	30,800
Total Non-Interest Expense	76,603	69,758	54,719	41,816	38,447	44,639
EBT Excluding Unusual Items	49,047	37,233	14,420	23,081	17,586	20,473
Asset Writedown	-15.1	-15.1	-	-27.32	-6.07	-27.76
Pretax Income	49,032	37,218	14,420	23,054	17,580	20,445
Income Tax Expense	19,014	13,612	-1,328	2,969	3,918	5,416
Earnings From Continuing Operations	30,017	23,606	15,748	20,084	13,662	15,029
Minority Interest in Earnings	-925.13	-835.7	-419.66	-1,059	-566.84	-358.97
Net Income	29,092	22,771	15,329	19,025	13,095	14,670
Net Income to Common	29,092	22,771	15,329	19,025	13,095	14,670
Net Income Growth	51.70%	48.55%	-19.43%	45.28%	-10.73%	-16.82%
Basic Shares Outstanding	571	571	571	570	570	569
Diluted Shares Outstanding	571	571	571	570	570	569
Shares Change (YoY)	-0.03%	-	0.25%	0.03%	0.15%	0.07%
EPS (Basic)	50.91	39.85	26.83	33.38	22.98	25.79
EPS (Diluted)	50.91	39.85	26.83	33.38	22.98	25.78
EPS Growth	51.73%	48.55%	-19.63%	45.22%	-10.86%	-16.90%
Dividend Per Share	3.918	3.918	-	6.000	4.050	3.961
Dividend Growth	-	-	-	48.15%	2.24%	-8.66%
Effective Tax Rate	38.78%	36.57%	-	12.88%	22.29%	26.49%

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