Bank of Communications Co., Ltd. (HKG: 3328)

Bank of Communications 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	455,020	459,861	418,067	377,646	369,101	367,453
Total Interest Income	455,020	459,861	418,067	377,646	369,101	367,453
Interest Paid on Deposits	288,226	295,738	248,185	215,953	215,765	223,370
Net Interest Income	166,794	164,123	169,882	161,693	153,336	144,083
Net Interest Income Growth (YoY)	0.47%	-3.39%	5.06%	5.45%	6.42%	10.06%
Income From Trading Activities	-	-	-	-	13,844	-
Gain (Loss) on Sale of Assets	548	793	739	454	166	287
Gain (Loss) on Sale of Investments	-2	-2	-	-	1,177	313
Gain (Loss) on Sale of Equity Investments	-	-	-	-	222	414
Other Non-Interest Income	87,487	92,679	86,175	107,243	77,799	86,771
Total Non-Interest Income	87,972	93,409	86,906	107,413	93,208	87,785
Non-Interest Income Growth (YoY)	-6.43%	7.48%	-19.09%	15.24%	6.18%	7.02%
Revenues Before Loan Losses	254,766	257,532	256,788	269,106	246,544	231,868
Provision for Loan Losses	53,318	56,908	60,411	66,371	62,059	51,954
Revenue	201,448	200,624	196,377	202,735	184,485	179,914
Revenue Growth (YoY)	-0.60%	2.16%	-3.14%	9.89%	2.54%	6.15%
Selling, General & Administrative	90,632	91,172	86,030	83,653	9,518	75,494
Other Non-Interest Expense	11,052	9,021	10,591	23,293	88,206	16,606
Total Non-Interest Expense	101,430	99,926	96,373	106,740	97,723	92,137
EBT Excluding Unusual Items	100,018	100,698	100,004	95,995	86,762	87,777
Asset Writedown	-1,025	-1,000	-1,889	-2,036	-305	-202
Legal Settlements	-	-	-	-	-32	-50
Other Unusual Items	-	-	-	-	-	675
Pretax Income	98,993	99,698	98,115	93,959	86,425	88,200
Income Tax Expense	6,009	6,446	6,160	5,020	6,855	10,138
Earnings From Continuing Operations	92,984	93,252	91,955	88,939	79,570	78,062
Minority Interest in Earnings	-732	-524	147	-1,358	-1,296	-781
Net Income	92,252	92,728	92,102	87,581	78,274	77,281
Preferred Dividends & Other Adjustments	7,473	7,473	7,483	5,613	4,394	2,671
Net Income to Common	84,779	85,255	84,619	81,968	73,880	74,610
Net Income Growth	-1.21%	0.68%	5.16%	11.89%	1.28%	4.96%
Basic Shares Outstanding	73,838	74,263	74,263	74,263	74,263	74,263
Diluted Shares Outstanding	73,838	74,263	74,263	74,263	74,263	74,263
Shares Change (YoY)	-1.12%	-	-	-	-	-
EPS (Basic)	1.15	1.15	1.14	1.10	0.99	1.00
EPS (Diluted)	1.15	1.15	1.14	1.10	0.99	1.00
EPS Growth	-0.18%	0.75%	3.59%	10.57%	-0.52%	4.58%
Dividend Per Share	0.557	0.375	0.373	0.355	0.317	0.315
Dividend Growth	49.33%	0.54%	5.07%	11.99%	0.63%	5.00%
Effective Tax Rate	6.07%	6.47%	6.28%	5.34%	7.93%	11.49%

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