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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	369,206	374,271	375,610	353,380	327,056	307,425
Interest Paid on Deposits	156,933	162,994	160,941	135,145	123,137	122,394
Net Interest Income	212,273	211,277	214,669	218,235	203,919	185,031
Net Interest Income Growth (YoY)	0.48%	-1.58%	-1.63%	7.02%	10.21%	6.90%
Gain (Loss) on Sale of Assets	-	-	-	-	113	44
Gain (Loss) on Sale of Investments	32,561	32,561	20,557	15,570	2,994	2,875
Gain (Loss) on Sale of Equity Investments	2,632	2,632	2,476	2,525	4,030	2,881
Other Non-Interest Income	86,873	90,651	101,376	108,410	120,197	99,651
Total Non-Interest Income	122,066	125,844	124,409	126,505	127,334	105,451
Non-Interest Income Growth (YoY)	-1.29%	1.15%	-1.66%	-0.65%	20.75%	8.79%
Revenues Before Loan Losses	334,339	337,121	339,078	344,740	331,253	290,482
Provision for Loan Losses	38,546	39,976	41,278	56,751	65,962	64,871
Revenue	295,793	297,145	297,800	287,989	265,291	225,611
Revenue Growth (YoY)	-0.00%	-0.22%	3.41%	8.56%	17.59%	7.97%
Selling, General & Administrative	30,371	30,371	31,537	32,548	109,727	96,745
Other Non-Interest Expense	70,483	88,122	89,645	90,328	7,545	6,223
Total Non-Interest Expense	118,087	118,493	121,182	122,876	117,118	103,171
EBT Excluding Unusual Items	177,706	178,652	176,618	165,113	148,173	122,440
Pretax Income	177,706	178,652	176,618	165,113	148,173	122,440
Income Tax Expense	29,076	29,093	28,612	25,819	27,339	24,481
Earnings From Continuing Operations	148,630	149,559	148,006	139,294	120,834	97,959
Minority Interest in Earnings	-1,030	-1,168	-1,404	-1,282	-912	-617
Net Income	147,600	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	142,019	142,810	142,044	132,775	116,309	95,691
Net Income Growth	1.21%	1.22%	6.22%	15.09%	23.20%	4.82%
Basic Shares Outstanding	25,214	25,220	25,220	25,220	25,220	25,220
Diluted Shares Outstanding	25,214	25,220	25,220	25,220	25,220	25,220
Shares Change (YoY)	-0.02%	-	-	-	-	-
EPS (Basic)	5.63	5.66	5.63	5.26	4.61	3.79
EPS (Diluted)	5.63	5.66	5.63	5.26	4.61	3.79
EPS Growth	0.53%	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	16.36%	16.29%	16.20%	15.64%	18.45%	19.99%

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