Bank of China Limited (HKG: 3988)

Bank of China 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	1,080,962	1,048,851	880,848	789,488	760,070	758,007
Interest Paid on Deposits	631,392	582,306	421,582	364,346	344,152	367,957
Net Interest Income	449,570	466,545	459,266	425,142	415,918	390,050
Net Interest Income Growth (YoY)	-4.40%	1.58%	8.03%	2.22%	6.63%	8.44%
Income From Trading Activities	40,699	28,723	7,221	28,291	8,055	28,563
Gain (Loss) on Sale of Assets	1,671	1,671	979	1,968	1,596	1,342
Gain (Loss) on Sale of Investments	8,773	806	2,083	3,197	9,547	3,477
Other Non-Interest Income	132,230	127,025	116,919	147,546	134,036	126,082
Total Non-Interest Income	183,373	158,225	127,202	181,002	153,234	159,464
Non-Interest Income Growth (YoY)	24.38%	24.39%	-29.72%	18.12%	-3.91%	11.37%
Revenues Before Loan Losses	632,943	624,770	586,468	606,144	569,152	549,514
Provision for Loan Losses	101,159	106,494	97,993	103,079	118,392	102,136
Revenue	531,784	518,276	488,475	503,065	450,760	447,378
Revenue Growth (YoY)	5.14%	6.10%	-2.90%	11.60%	0.76%	10.85%
Salaries and Employee Benefits	107,872	107,872	101,004	99,317	89,334	90,762
Occupancy Expenses	24,853	24,853	23,579	23,882	22,871	21,175
Selling, General & Administrative	44,778	44,778	44,730	47,403	38,944	41,845
Other Non-Interest Expense	61,385	45,434	30,206	55,831	51,262	44,487
Total Non-Interest Expense	237,765	221,972	198,874	224,955	202,253	197,212
EBT Excluding Unusual Items	294,019	296,304	289,601	278,110	248,507	250,166
Asset Writedown	-696	-696	-5,960	-1,490	-2,129	479
Pretax Income	293,323	295,608	283,641	276,620	246,378	250,645
Income Tax Expense	45,966	49,237	46,916	49,281	41,282	48,754
Earnings From Continuing Operations	247,357	246,371	236,725	227,339	205,096	201,891
Minority Interest in Earnings	-14,548	-14,467	-10,203	-10,780	-12,226	-14,486
Net Income	232,809	231,904	226,522	216,559	192,870	187,405
Preferred Dividends & Other Adjustments	15,296	15,296	13,419	10,651	12,029	6,826
Net Income to Common	217,513	216,608	213,103	205,908	180,841	180,579
Net Income Growth	1.57%	2.38%	4.60%	12.28%	2.92%	4.06%
Basic Shares Outstanding	295,622	294,388	294,388	294,379	294,381	294,378
Diluted Shares Outstanding	295,622	294,388	294,388	294,379	294,381	294,378
Shares Change (YoY)	-0.81%	-	0.00%	-0.00%	0.00%	0.00%
EPS (Basic)	0.74	0.74	0.72	0.70	0.61	0.61
EPS (Diluted)	0.74	0.74	0.72	0.70	0.61	0.61
EPS Growth	2.17%	2.19%	2.94%	14.67%	0%	3.62%
Dividend Per Share	0.357	0.236	0.232	0.221	0.197	0.191
Dividend Growth	53.97%	1.90%	4.98%	12.18%	3.14%	3.80%
Effective Tax Rate	15.67%	16.66%	16.54%	17.82%	16.76%	19.45%

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