Pan Asia Banking Corporation PLC (COSE: PABC.N0000)

PABC.N0000 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	33,776	37,123	26,626	18,798	18,821	19,417
Interest Paid on Deposits	22,173	26,821	17,171	9,157	11,451	12,782
Net Interest Income	11,604	10,302	9,455	9,642	7,370	6,635
Net Interest Income Growth (YoY)	31.07%	8.96%	-1.93%	30.83%	11.08%	1.78%
Income From Trading Activities	485.15	1,027	111.32	92.26	478.88	649.58
Other Non-Interest Income	1,895	1,208	-960.44	2,175	1,512	1,781
Total Non-Interest Income	2,380	2,235	-849.13	2,267	1,990	2,430
Non-Interest Income Growth (YoY)	89.27%	-	-	13.89%	-18.11%	0.92%
Revenues Before Loan Losses	13,983	12,537	8,606	11,909	9,360	9,065
Provision for Loan Losses	3,395	3,155	2,861	2,370	1,596	1,137
Revenue	10,588	9,382	5,746	9,538	7,764	7,928
Revenue Growth (YoY)	36.91%	63.29%	-39.76%	22.85%	-2.07%	14.74%
Salaries and Employee Benefits	3,099	2,660	1,894	2,227	1,943	1,973
Selling, General & Administrative	269.89	269.89	229.85	266.06	239.77	378.37
Other Non-Interest Expense	4,389	4,124	2,972	3,011	2,743	3,262
Total Non-Interest Expense	7,779	7,054	5,096	5,505	4,926	5,614
EBT Excluding Unusual Items	2,809	2,328	649.85	4,034	2,838	2,314
Pretax Income	2,809	2,328	649.85	4,034	2,838	2,314
Income Tax Expense	854.69	473.38	-1,352	958.3	790	563.57
Net Income	1,954	1,855	2,002	3,075	2,048	1,751
Net Income to Common	1,954	1,855	2,002	3,075	2,048	1,751
Net Income Growth	-24.71%	-7.34%	-34.90%	50.15%	17.00%	13.55%
Basic Shares Outstanding	442	443	443	443	443	443
Diluted Shares Outstanding	442	443	443	443	443	443
Shares Change (YoY)	-0.15%	-	-	-	-	-
EPS (Basic)	4.42	4.19	4.52	6.95	4.63	3.96
EPS (Diluted)	4.42	4.19	4.52	6.95	4.63	3.96
EPS Growth	-24.60%	-7.34%	-34.90%	50.15%	17.00%	13.55%
Dividend Per Share	0.250	0.250	-	-	-	-
Effective Tax Rate	30.43%	20.33%	-	23.76%	27.83%	24.35%

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