Dah Sing Banking Group Limited (HKG: 2356)

Dah Sing Banking Group 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	12,404	11,486	6,965	5,170	6,210	7,473
Interest Paid on Deposits	7,319	6,670	2,582	1,226	2,515	3,399
Net Interest Income	5,085	4,815	4,383	3,944	3,696	4,074
Net Interest Income Growth (YoY)	9.79%	9.86%	11.12%	6.72%	-9.28%	-2.17%
Income From Trading Activities	277.84	164.84	142.85	179	310.44	98.89
Gain (Loss) on Sale of Assets	4.02	2.83	-2.45	-7.41	-3.03	-6.57
Gain (Loss) on Sale of Investments	-335.72	-552.01	-1,683	-752.21	-517.55	-287.02
Other Non-Interest Income	1,149	935.81	2,300	1,261	1,243	1,215
Total Non-Interest Income	1,095	551.47	757.77	680.3	1,032	1,021
Non-Interest Income Growth (YoY)	128.09%	-27.23%	11.39%	-34.11%	1.15%	9.45%
Revenues Before Loan Losses	6,180	5,367	5,141	4,625	4,728	5,095
Provision for Loan Losses	1,118	731.31	803.1	373.34	646.97	356.39
Revenue	5,061	4,636	4,338	4,251	4,081	4,738
Revenue Growth (YoY)	13.56%	6.87%	2.03%	4.16%	-13.86%	-2.57%
Salaries and Employee Benefits	2,186	2,115	2,047	1,971	1,984	1,898
Occupancy Expenses	589.91	575.3	632.14	628.31	595.29	573.44
Selling, General & Administrative	146.92	149.58	142.75	132.64	139.23	150.3
Other Non-Interest Expense	293.88	314.49	197.34	288.5	179.51	227.51
Total Non-Interest Expense	2,511	2,453	2,333	2,290	2,155	2,117
EBT Excluding Unusual Items	2,551	2,183	2,004	1,961	1,926	2,621
Asset Writedown	-41.09	-41.09	-38.31	4.64	-84.24	-28.29
Other Unusual Items	-	-	3.85	-	65.69	-
Pretax Income	2,510	2,142	1,970	1,966	1,809	2,593
Income Tax Expense	365.14	281.27	361.18	308.12	316.4	353.08
Earnings From Continuing Operations	2,144	1,860	1,609	1,658	1,493	2,240
Minority Interest in Earnings	-	-	-	-	0.12	-0.1
Net Income	2,144	1,860	1,609	1,658	1,493	2,240
Net Income to Common	2,144	1,860	1,609	1,658	1,493	2,240
Net Income Growth	32.26%	15.63%	-2.94%	11.01%	-33.34%	-9.67%
Basic Shares Outstanding	1,406	1,406	1,406	1,406	1,406	1,406
Diluted Shares Outstanding	1,406	1,406	1,406	1,406	1,406	1,406
Shares Change (YoY)	-	-	-	-	0.00%	0.08%
EPS (Basic)	1.53	1.32	1.14	1.18	1.06	1.59
EPS (Diluted)	1.41	1.23	1.07	1.18	1.06	1.59
EPS Growth	35.33%	14.33%	-9.06%	11.01%	-33.34%	-9.74%
Dividend Per Share	0.760	0.600	0.390	0.340	0.300	0.480
Dividend Growth	90.00%	53.85%	14.71%	13.33%	-37.50%	0%
Effective Tax Rate	14.55%	13.13%	18.33%	15.68%	17.49%	13.62%

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