Standard Chartered PLC (HKG: 2888)

Standard Chartered Income Statement

Financials in millions USD. 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	28,189	27,227	15,252	10,246	12,292	16,549
Interest Paid on Deposits	21,672	19,458	7,659	3,448	5,440	8,882
Net Interest Income	6,517	7,769	7,593	6,798	6,852	7,667
Net Interest Income Growth (YoY)	-17.84%	2.32%	11.69%	-0.79%	-10.63%	-1.64%
Income From Trading Activities	8,715	6,292	5,310	3,431	3,672	3,350
Gain (Loss) on Sale of Assets	404	404	363	859	151	637
Gain (Loss) on Sale of Investments	-268	-965	-515	-143	431	170
Other Non-Interest Income	3,589	3,669	3,259	3,456	3,648	3,593
Total Non-Interest Income	12,440	9,400	8,417	7,603	7,902	7,750
Non-Interest Income Growth (YoY)	46.75%	11.68%	10.71%	-3.78%	1.96%	11.91%
Revenues Before Loan Losses	18,957	17,169	16,010	14,401	14,754	15,417
Provision for Loan Losses	493	528	836	263	2,294	906
Revenue	18,464	16,641	15,174	14,138	12,460	14,511
Revenue Growth (YoY)	18.28%	9.67%	7.33%	13.47%	-14.13%	3.80%
Salaries and Employee Benefits	8,142	7,924	7,340	7,173	6,575	6,783
Occupancy Expenses	1,034	1,071	1,186	1,181	1,663	1,600
Selling, General & Administrative	2,758	2,450	2,308	2,242	1,963	2,377
Other Non-Interest Expense	-	-	-	-	-	2
Total Non-Interest Expense	11,748	11,304	10,678	10,400	10,050	10,462
EBT Excluding Unusual Items	6,716	5,337	4,496	3,738	2,410	4,049
Asset Writedown	-251	-130	-39	-55	-150	-36
Legal Settlements	-	-	-	-	165	-
Pretax Income	6,351	5,093	4,286	3,347	1,613	3,713
Income Tax Expense	1,897	1,631	1,384	1,034	862	1,373
Earnings From Continuing Operations	4,454	3,462	2,902	2,313	751	2,340
Minority Interest in Earnings	10	7	46	2	-27	-37
Net Income	4,464	3,469	2,948	2,315	724	2,303
Preferred Dividends & Other Adjustments	457	452	401	410	395	448
Net Income to Common	4,007	3,017	2,547	1,905	329	1,855
Net Income Growth	93.67%	17.67%	27.34%	219.75%	-68.56%	118.50%
Basic Shares Outstanding	2,600	2,778	2,966	3,108	3,160	3,256
Diluted Shares Outstanding	2,664	2,841	3,023	3,154	3,199	3,290
Shares Change (YoY)	-8.00%	-6.02%	-4.15%	-1.41%	-2.77%	-1.50%
EPS (Basic)	1.54	1.09	0.86	0.61	0.10	0.57
EPS (Diluted)	1.54	1.06	0.84	0.60	0.10	0.56
EPS Growth	139.96%	25.98%	39.57%	486.41%	-81.74%	204.86%
Dividend Per Share	0.300	0.270	0.180	0.120	0.090	0.070
Dividend Growth	50.00%	50.00%	50.00%	33.33%	28.57%	-66.67%
Effective Tax Rate	29.87%	32.02%	32.29%	30.89%	53.44%	36.98%

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