Hang Seng Bank Limited (HKG: 0011)

Hang Seng Bank Income Statement

Financials in millions HKD. 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	61,758	59,439	34,782	28,030	35,010	44,190
Interest Income on Investments	243	253	225	653	844	143
Total Interest Income	62,001	59,692	35,007	28,683	35,854	44,333
Interest Paid on Deposits	29,171	27,144	9,231	4,685	8,791	11,935
Net Interest Income	32,830	32,548	25,776	23,998	27,063	32,398
Net Interest Income Growth (YoY)	8.47%	26.27%	7.41%	-11.33%	-16.47%	7.30%
Gain (Loss) on Sale of Assets	-11	-7	-15	-48	-19	-7
Gain (Loss) on Sale of Investments	9	-3	85	206	-10	22
Other Non-Interest Income	8,485	8,284	8,553	9,214	6,952	6,542
Total Non-Interest Income	8,483	8,274	8,623	9,372	6,923	6,557
Non-Interest Income Growth (YoY)	-15.16%	-4.05%	-7.99%	35.37%	5.58%	-32.39%
Revenues Before Loan Losses	41,313	40,822	34,399	33,370	33,986	38,955
Provision for Loan Losses	5,824	6,248	7,694	2,807	2,738	1,837
Revenue	35,489	34,574	26,705	30,563	31,248	37,118
Revenue Growth (YoY)	8.37%	29.47%	-12.62%	-2.19%	-15.81%	-4.57%
Salaries and Employee Benefits	5,831	5,759	5,874	6,275	6,064	6,200
Occupancy Expenses	1,923	1,915	1,974	2,066	2,086	1,972
Amortization of Goodwill & Intangibles	1,058	934	702	472	297	164
Selling, General & Administrative	6,179	6,016	5,245	5,321	4,758	4,721
Total Non-Interest Expense	14,852	14,431	13,805	14,062	13,280	12,889
EBT Excluding Unusual Items	20,637	20,143	12,900	16,501	17,968	24,229
Asset Writedown	-186	-38	-119	-116	1,446	4,584
Pretax Income	20,451	20,105	12,781	16,385	19,414	28,813
Income Tax Expense	2,547	2,267	1,509	2,439	2,744	3,991
Earnings From Continuing Operations	17,904	17,838	11,272	13,946	16,670	24,822
Minority Interest in Earnings	10	10	14	14	17	18
Net Income	17,914	17,848	11,286	13,960	16,687	24,840
Preferred Dividends & Other Adjustments	708	708	710	703	700	419
Net Income to Common	17,206	17,140	10,576	13,257	15,987	24,421
Net Income Growth	14.77%	58.14%	-19.15%	-16.34%	-32.82%	2.60%
Basic Shares Outstanding	1,909	1,912	1,912	1,912	1,912	1,912
Diluted Shares Outstanding	1,909	1,912	1,912	1,912	1,912	1,912
Shares Change (YoY)	-0.13%	-	-	-	-	-
EPS (Basic)	9.01	8.97	5.53	6.93	8.36	12.77
EPS (Diluted)	9.01	8.97	5.53	6.93	8.36	12.77
EPS Growth	15.64%	62.07%	-20.22%	-17.08%	-34.54%	2.34%
Dividend Per Share	6.700	6.500	4.100	5.100	5.500	8.200
Dividend Growth	36.73%	58.54%	-19.61%	-7.27%	-32.93%	9.33%
Effective Tax Rate	12.45%	11.28%	11.81%	14.89%	14.13%	13.85%

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