China Merchants Bank Co., Ltd. (HKG: 3968)

China Merchants Bank 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	375,989	375,610	353,380	327,056	307,425	292,994
Interest Paid on Deposits	166,308	160,941	135,145	123,137	122,394	119,904
Net Interest Income	209,681	214,669	218,235	203,919	185,031	173,090
Net Interest Income Growth (YoY)	-3.99%	-1.63%	7.02%	10.21%	6.90%	7.92%
Gain (Loss) on Sale of Assets	-	-	-	113	44	382
Gain (Loss) on Sale of Investments	21,265	21,265	15,723	2,994	2,875	2,987
Gain (Loss) on Sale of Equity Investments	2,653	2,476	2,525	4,030	2,881	1,723
Other Non-Interest Income	98,031	100,668	108,257	120,197	99,651	91,521
Total Non-Interest Income	121,949	124,409	126,505	127,334	105,451	96,930
Non-Interest Income Growth (YoY)	-0.04%	-1.66%	-0.65%	20.75%	8.79%	9.93%
Revenues Before Loan Losses	331,630	339,078	344,740	331,253	290,482	270,020
Provision for Loan Losses	37,881	41,278	56,751	65,962	64,871	61,066
Revenue	293,749	297,800	287,989	265,291	225,611	208,954
Revenue Growth (YoY)	-0.11%	3.41%	8.56%	17.59%	7.97%	11.31%
Selling, General & Administrative	31,537	31,537	32,548	109,727	96,745	86,541
Other Non-Interest Expense	86,525	89,645	90,328	7,545	6,223	5,049
Total Non-Interest Expense	118,242	121,182	122,876	117,118	103,171	91,822
EBT Excluding Unusual Items	175,507	176,618	165,113	148,173	122,440	117,132
Pretax Income	175,507	176,618	165,113	148,173	122,440	117,132
Income Tax Expense	28,432	28,612	25,819	27,339	24,481	23,709
Earnings From Continuing Operations	147,075	148,006	139,294	120,834	97,959	93,423
Minority Interest in Earnings	-1,179	-1,404	-1,282	-912	-617	-556
Net Income	145,896	146,602	138,012	119,922	97,342	92,867
Preferred Dividends & Other Adjustments	4,558	4,558	5,237	3,613	1,651	1,670
Net Income to Common	141,338	142,044	132,775	116,309	95,691	91,197
Net Income Growth	0.63%	6.22%	15.08%	23.20%	4.82%	15.28%
Basic Shares Outstanding	25,229	25,220	25,220	25,220	25,220	25,220
Diluted Shares Outstanding	25,229	25,220	25,220	25,220	25,220	25,220
Shares Change (YoY)	1.72%	-	-	-	-	-
EPS (Basic)	5.60	5.63	5.26	4.61	3.79	3.62
EPS (Diluted)	5.60	5.63	5.26	4.61	3.79	3.62
EPS Growth	0.90%	7.03%	14.10%	21.64%	4.81%	15.58%
Dividend Per Share	1.972	1.972	1.738	1.522	1.253	1.200
Dividend Growth	13.46%	13.46%	14.19%	21.47%	4.42%	27.66%
Effective Tax Rate	16.20%	16.20%	15.64%	18.45%	19.99%	20.24%

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