Postal Savings Bank of China Co., Ltd. (HKG: 1658)

Postal Savings Bank of China Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	508,869	498,327	474,240	451,567	416,252	390,700
Interest Paid on Deposits	223,966	216,524	200,647	182,185	162,874	148,014
Net Interest Income	284,903	281,803	273,593	269,382	253,378	242,686
Net Interest Income Growth (YoY)	1.75%	3.00%	1.56%	6.32%	4.41%	3.66%
Income From Trading Activities	4,613	4,460	3,673	3,286	3,259	3,747
Gain (Loss) on Sale of Assets	-10	-10	1	-32	-70	-
Gain (Loss) on Sale of Investments	27,912	26,961	22,479	23,687	15,922	12,576
Gain (Loss) on Sale of Equity Investments	27	18	3	-	-	-
Other Non-Interest Income	25,662	29,680	35,642	22,784	14,048	18,107
Total Non-Interest Income	58,204	61,109	61,798	49,725	33,159	34,430
Non-Interest Income Growth (YoY)	-1.07%	-1.11%	24.28%	49.96%	-3.69%	30.19%
Revenues Before Loan Losses	343,107	342,912	335,391	319,107	286,537	277,116
Provision for Loan Losses	23,952	26,167	35,328	46,638	50,398	55,384
Revenue	319,155	316,745	300,063	272,469	236,139	221,732
Revenue Growth (YoY)	1.70%	5.56%	10.13%	15.39%	6.50%	8.08%
Salaries and Employee Benefits	64,017	64,017	62,878	59,228	51,355	50,039
Occupancy Expenses	12,128	12,128	11,300	9,037	8,078	7,225
Selling, General & Administrative	35	35	30	30	-	34
Other Non-Interest Expense	151,054	148,966	134,491	122,720	108,570	100,689
Total Non-Interest Expense	227,234	225,146	208,699	191,015	168,003	157,987
EBT Excluding Unusual Items	91,921	91,599	91,364	81,454	68,136	63,745
Pretax Income	91,921	91,599	91,364	81,454	68,136	63,745
Income Tax Expense	5,280	5,175	6,009	4,922	3,818	2,709
Earnings From Continuing Operations	86,641	86,424	85,355	76,532	64,318	61,036
Minority Interest in Earnings	-208	-154	-131	-362	-119	-103
Net Income	86,433	86,270	85,224	76,170	64,199	60,933
Preferred Dividends & Other Adjustments	5,316	5,316	6,708	5,276	2,584	2,501
Net Income to Common	81,117	80,954	78,516	70,894	61,615	58,432
Net Income Growth	-0.69%	1.23%	11.89%	18.65%	5.36%	16.48%
Basic Shares Outstanding	99,889	97,527	92,384	91,033	86,914	81,341
Diluted Shares Outstanding	99,889	97,527	92,384	91,033	86,914	81,341
Shares Change (YoY)	5.99%	5.57%	1.48%	4.74%	6.85%	0.38%
EPS (Basic)	0.81	0.83	0.85	0.78	0.71	0.72
EPS (Diluted)	0.81	0.83	0.85	0.78	0.71	0.72
EPS Growth	-4.73%	-2.34%	9.13%	9.85%	-1.31%	16.61%
Dividend Per Share	0.409	0.261	0.258	0.247	0.208	0.210
Dividend Growth	58.47%	1.20%	4.24%	18.66%	-0.81%	8.52%
Effective Tax Rate	5.74%	5.65%	6.58%	6.04%	5.60%	4.25%

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