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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	34,318	37,163	36,788	24,871	19,123	21,718
Interest Income on Investments	2,009	2,646	2,897	-23	-1,068	-611
Total Interest Income	36,327	39,809	39,685	24,848	18,055	21,107
Interest Paid on Deposits	20,682	23,280	22,811	11,340	6,870	9,557
Net Interest Income	15,645	16,529	16,874	13,508	11,185	11,550
Net Interest Income Growth (YoY)	-8.28%	-2.04%	24.92%	20.77%	-3.16%	-20.71%
Income From Trading Activities	1,761	1,421	1,225	943	879	984
Gain (Loss) on Sale of Assets	44	38	4	1,461	1,219	328
Gain (Loss) on Sale of Investments	-90	-236	-774	169	103	258
Other Non-Interest Income	3,438	3,171	2,695	3,326	4,116	3,864
Total Non-Interest Income	5,153	4,394	3,150	5,899	6,317	5,434
Non-Interest Income Growth (YoY)	66.82%	39.49%	-46.60%	-6.62%	16.25%	4.76%
Revenues Before Loan Losses	20,798	20,923	20,024	19,407	17,502	16,984
Provision for Loan Losses	5,155	5,497	5,483	5,923	1,679	4,674
Revenue	15,643	15,426	14,541	13,484	15,823	12,310
Revenue Growth (YoY)	9.59%	6.09%	7.84%	-14.78%	28.54%	-1.52%
Salaries and Employee Benefits	5,596	5,594	5,421	5,471	5,504	5,060
Occupancy Expenses	1,699	1,661	1,578	1,585	1,646	1,741
Amortization of Goodwill & Intangibles	-	-	-	13	14	14
Selling, General & Administrative	1,550	1,591	1,606	1,475	1,466	1,470
Other Non-Interest Expense	765	768	809	663	677	667
Total Non-Interest Expense	9,371	9,441	9,145	8,374	9,560	8,653
EBT Excluding Unusual Items	6,272	5,985	5,396	5,110	6,263	3,657
Asset Writedown	-168	-145	-86	-179	-132	-303
Other Unusual Items	-	-	-	10	5	252
Pretax Income	6,104	5,840	5,310	4,941	6,136	3,606
Income Tax Expense	1,172	1,211	1,174	563	823	-79
Earnings From Continuing Operations	4,932	4,629	4,136	4,378	5,313	3,685
Minority Interest in Earnings	-28	-21	-18	-19	-43	-71
Net Income	4,904	4,608	4,118	4,359	5,270	3,614
Preferred Dividends & Other Adjustments	443	594	596	708	811	792
Net Income to Common	4,461	4,014	3,522	3,651	4,459	2,822
Net Income Growth	36.49%	11.90%	-5.53%	-17.29%	45.82%	10.86%
Basic Shares Outstanding	2,633	2,639	2,668	2,759	2,919	2,913
Diluted Shares Outstanding	2,635	2,639	2,668	2,759	2,919	2,913
Shares Change (YoY)	-0.66%	-1.09%	-3.30%	-5.48%	0.21%	0.97%
EPS (Basic)	1.69	1.52	1.32	1.32	1.53	0.97
EPS (Diluted)	1.69	1.52	1.32	1.32	1.53	0.97
EPS Growth	49.53%	15.15%	-	-13.59%	57.68%	8.85%
Dividend Per Share	0.770	0.690	0.540	0.330	0.700	0.400
Dividend Growth	57.14%	27.78%	63.64%	-52.86%	75.00%	-13.04%
Effective Tax Rate	19.20%	20.74%	22.11%	11.39%	13.41%	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.