Dah Sing Financial Holdings Limited (HKG: 0440)

Dah Sing Financial Holdings 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	12,510	11,600	7,008	5,177	6,231	7,517
Interest Paid on Deposits	7,297	6,649	2,577	1,222	2,511	3,392
Net Interest Income	5,213	4,951	4,431	3,954	3,719	4,125
Net Interest Income Growth (YoY)	10.07%	11.72%	12.07%	6.32%	-9.84%	-2.13%
Income From Trading Activities	288.76	193.6	17.39	201.49	376.07	32.17
Gain (Loss) on Sale of Assets	4.02	2.83	-2.45	-8.93	-3.03	-6.62
Gain (Loss) on Sale of Investments	-335.72	-552.01	-1,683	-752.21	-517.55	-287.02
Other Non-Interest Income	1,301	1,099	2,537	1,521	1,476	1,447
Total Non-Interest Income	1,258	743.33	869.1	960.91	1,332	1,186
Non-Interest Income Growth (YoY)	125.42%	-14.47%	-9.55%	-27.83%	12.31%	12.09%
Revenues Before Loan Losses	6,471	5,694	5,301	4,915	5,051	5,311
Provision for Loan Losses	1,117	731.51	803.85	372.31	647.67	356.65
Revenue	5,354	4,963	4,497	4,543	4,403	4,954
Revenue Growth (YoY)	15.45%	10.36%	-1.02%	3.17%	-11.12%	-1.70%
Salaries and Employee Benefits	2,211	2,154	2,103	2,107	2,121	1,984
Occupancy Expenses	599.59	582.93	638.45	639.26	607.34	576.12
Selling, General & Administrative	153.69	152.63	151.09	144.14	150.37	167.11
Other Non-Interest Expense	318.35	346.31	217.39	314.76	208.25	255.05
Total Non-Interest Expense	2,577	2,534	2,423	2,475	2,344	2,250
EBT Excluding Unusual Items	2,778	2,429	2,074	2,068	2,059	2,704
Asset Writedown	-72.96	-72.96	-62.09	-10.64	-142.75	-75.72
Other Unusual Items	-	-	6.01	-	67.8	-
Pretax Income	2,705	2,356	2,017	2,058	1,886	2,628
Income Tax Expense	372.45	286.88	380.75	322.93	342.71	344.96
Earnings From Continuing Operations	2,332	2,069	1,637	1,735	1,543	2,283
Minority Interest in Earnings	-549.62	-476.79	-412.33	-426.35	-384.88	-575.68
Net Income	1,783	1,592	1,224	1,308	1,158	1,708
Net Income to Common	1,783	1,592	1,224	1,308	1,158	1,708
Net Income Growth	36.72%	30.03%	-6.42%	12.97%	-32.18%	-10.83%
Basic Shares Outstanding	319	319	320	320	320	323
Diluted Shares Outstanding	320	320	320	320	320	323
Shares Change (YoY)	0.07%	0.10%	0.01%	-	-1.14%	-3.52%
EPS (Basic)	5.59	4.99	3.83	4.09	3.62	5.28
EPS (Diluted)	4.29	4.11	3.60	4.09	3.62	5.28
EPS Growth	16.04%	14.22%	-12.10%	12.86%	-31.40%	-7.57%
Dividend Per Share	2.560	2.000	1.140	1.060	0.940	1.470
Dividend Growth	118.80%	75.44%	7.55%	12.77%	-36.05%	0%
Effective Tax Rate	13.77%	12.18%	18.87%	15.69%	18.17%	13.12%

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