The Bank of East Asia, Limited (HKG: 0023)

The Bank of East Asia 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	38,155	36,788	24,871	19,123	21,718	28,143
Interest Income on Investments	3,053	2,897	-23	-1,068	-611	432
Total Interest Income	41,208	39,685	24,848	18,055	21,107	28,575
Interest Paid on Deposits	24,151	22,811	11,340	6,870	9,557	14,009
Net Interest Income	17,057	16,874	13,508	11,185	11,550	14,566
Net Interest Income Growth (YoY)	8.48%	24.92%	20.77%	-3.16%	-20.71%	12.40%
Income From Trading Activities	1,332	1,225	943	879	984	807
Gain (Loss) on Sale of Assets	12	4	1,461	1,219	328	-2
Gain (Loss) on Sale of Investments	-1,008	-774	169	103	258	347
Other Non-Interest Income	2,753	2,695	3,326	4,116	3,864	4,035
Total Non-Interest Income	3,089	3,150	5,899	6,317	5,434	5,187
Non-Interest Income Growth (YoY)	-46.70%	-46.60%	-6.62%	16.25%	4.76%	35.57%
Revenues Before Loan Losses	20,146	20,024	19,407	17,502	16,984	19,753
Provision for Loan Losses	5,872	5,483	5,923	1,679	4,674	7,253
Revenue	14,274	14,541	13,484	15,823	12,310	12,500
Revenue Growth (YoY)	-6.34%	7.84%	-14.78%	28.54%	-1.52%	-19.86%
Salaries and Employee Benefits	5,525	5,421	5,471	5,504	5,060	5,201
Occupancy Expenses	1,637	1,564	1,585	1,646	1,741	1,677
Amortization of Goodwill & Intangibles	13	13	13	14	14	14
Selling, General & Administrative	1,652	1,606	1,475	1,466	1,470	1,924
Other Non-Interest Expense	809	810	663	677	667	1,052
Total Non-Interest Expense	9,418	9,145	8,374	9,560	8,653	9,269
EBT Excluding Unusual Items	4,856	5,396	5,110	6,263	3,657	3,231
Asset Writedown	-139	-86	-179	-132	-303	-33
Other Unusual Items	-	-	10	5	252	-
Pretax Income	4,717	5,310	4,941	6,136	3,606	3,198
Income Tax Expense	1,098	1,174	563	823	-79	-138
Earnings From Continuing Operations	3,619	4,136	4,378	5,313	3,685	3,336
Minority Interest in Earnings	-26	-18	-19	-43	-71	-76
Net Income	3,593	4,118	4,359	5,270	3,614	3,260
Preferred Dividends & Other Adjustments	595	596	708	811	792	680
Net Income to Common	2,998	3,522	3,651	4,459	2,822	2,580
Net Income Growth	-34.63%	-5.53%	-17.29%	45.82%	10.86%	-49.92%
Basic Shares Outstanding	2,652	2,668	2,759	2,919	2,913	2,885
Diluted Shares Outstanding	2,652	2,668	2,759	2,919	2,913	2,885
Shares Change (YoY)	-1.36%	-3.30%	-5.48%	0.21%	0.97%	2.85%
EPS (Basic)	1.13	1.32	1.32	1.53	0.97	0.89
EPS (Diluted)	1.13	1.32	1.32	1.53	0.97	0.89
EPS Growth	-37.62%	0%	-13.59%	57.68%	8.85%	-56.93%
Dividend Per Share	0.490	0.540	0.330	0.700	0.400	0.460
Dividend Growth	-7.55%	63.64%	-52.86%	75.00%	-13.04%	-44.58%
Effective Tax Rate	23.28%	22.11%	11.39%	13.41%	-	-

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