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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	363,288	374,271	375,610	353,380	327,056	307,425
Interest Paid on Deposits	150,375	162,994	160,941	135,145	123,137	122,394
Net Interest Income	212,913	211,277	214,669	218,235	203,919	185,031
Net Interest Income Growth (YoY)	1.33%	-1.58%	-1.63%	7.02%	10.21%	6.90%
Gain (Loss) on Sale of Assets	-	-	-	282	113	44
Gain (Loss) on Sale of Investments	30,200	32,561	20,557	5,528	2,994	2,875
Gain (Loss) on Sale of Equity Investments	-	-	-	2,525	4,030	2,881
Other Non-Interest Income	88,255	90,651	101,376	118,213	120,197	99,651
Total Non-Interest Income	118,455	123,212	121,933	126,548	127,334	105,451
Non-Interest Income Growth (YoY)	-2.06%	1.05%	-3.65%	-0.62%	20.75%	8.79%
Revenues Before Loan Losses	331,368	334,489	336,602	344,783	331,253	290,482
Provision for Loan Losses	37,671	39,976	41,278	56,751	65,962	64,871
Revenue	293,697	294,513	295,324	288,032	265,291	225,611
Revenue Growth (YoY)	-0.07%	-0.27%	2.53%	8.57%	17.59%	7.97%
Selling, General & Administrative	30,699	30,371	31,537	113,375	109,727	96,745
Other Non-Interest Expense	88,109	88,122	89,645	9,501	7,545	6,223
Total Non-Interest Expense	115,780	115,861	118,706	122,919	117,118	103,171
EBT Excluding Unusual Items	177,917	178,652	176,618	165,113	148,173	122,440
Pretax Income	177,917	178,652	176,618	165,113	148,173	122,440
Income Tax Expense	28,332	29,093	28,612	25,819	27,339	24,481
Earnings From Continuing Operations	149,585	149,559	148,006	139,294	120,834	97,959
Minority Interest in Earnings	-1,007	-1,168	-1,404	-1,282	-912	-617
Net Income	148,578	148,391	146,602	138,012	119,922	97,342
Preferred Dividends & Other Adjustments	5,581	5,581	4,558	5,237	3,613	1,651
Net Income to Common	142,997	142,810	142,044	132,775	116,309	95,691
Net Income Growth	2.05%	1.22%	6.22%	15.09%	23.20%	4.82%
Basic Shares Outstanding	25,220	25,220	25,220	25,220	25,220	25,220
Diluted Shares Outstanding	25,220	25,220	25,220	25,220	25,220	25,220
Shares Change (YoY)	-0.08%	-	-	-	-	-
EPS (Basic)	5.67	5.66	5.63	5.26	4.61	3.79
EPS (Diluted)	5.66	5.66	5.63	5.26	4.61	3.79
EPS Growth	1.29%	0.53%	7.03%	14.10%	21.64%	4.81%
Dividend Per Share	2.000	2.000	1.972	1.738	1.522	1.253
Dividend Growth	1.42%	1.42%	13.46%	14.19%	21.47%	4.42%
Effective Tax Rate	15.92%	16.29%	16.20%	15.64%	18.45%	19.99%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.