Asia Commercial Joint Stock Bank (HOSE: ACB)

ACB Income Statement

Financials in millions VND. 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	49,899,388	52,346,796	40,698,834	33,713,810	31,855,748	28,317,522
Interest Paid on Deposits	22,895,361	27,387,226	17,165,305	14,769,018	17,273,625	16,205,362
Net Interest Income	27,004,027	24,959,570	23,533,529	18,944,792	14,582,123	12,112,160
Net Interest Income Growth (YoY)	7.48%	6.06%	24.22%	29.92%	20.39%	16.88%
Income From Trading Activities	212,522	168,383	-387,873	449,960	166,503	129,528
Gain (Loss) on Sale of Investments	1,594,001	2,640,351	-8,533	223,431	732,194	-34
Gain (Loss) on Sale of Equity Investments	-	-	-	-	1,526	43
Other Non-Interest Income	4,522,687	4,971,423	5,623,763	3,926,961	2,679,042	3,855,622
Total Non-Interest Income	6,329,210	7,780,157	5,227,357	4,600,352	3,579,265	3,985,159
Non-Interest Income Growth (YoY)	-11.60%	48.84%	13.63%	28.53%	-10.19%	8.57%
Revenues Before Loan Losses	33,333,237	32,739,727	28,760,886	23,545,144	18,161,388	16,097,319
Provision for Loan Losses	1,780,251	1,804,231	70,814	3,336,109	941,153	273,821
Revenue	31,552,986	30,935,496	28,690,072	20,209,035	17,220,235	15,823,498
Revenue Growth (YoY)	3.28%	7.83%	41.97%	17.36%	8.83%	20.78%
Salaries and Employee Benefits	6,621,790	6,215,207	6,069,294	5,128,784	4,337,109	3,763,241
Occupancy Expenses	1,729,757	1,780,389	1,733,724	1,692,359	1,750,411	1,643,038
Federal Deposit Insurance	555,197	504,504	455,482	419,539	374,287	330,101
Selling, General & Administrative	2,246,072	2,346,192	3,286,908	1,736,532	1,793,343	-
Other Non-Interest Expense	21,996	21,205	30,456	-766,291	-630,803	2,571,182
Total Non-Interest Expense	11,174,812	10,867,497	11,575,864	8,210,923	7,624,347	8,307,562
EBT Excluding Unusual Items	20,378,174	20,067,999	17,114,208	11,998,112	9,595,888	7,515,936
Pretax Income	20,378,174	20,067,999	17,114,208	11,998,112	9,595,888	7,515,936
Income Tax Expense	4,127,491	4,023,266	3,426,015	2,395,366	1,913,065	1,505,999
Net Income	16,250,683	16,044,733	13,688,193	9,602,746	7,682,823	6,009,937
Preferred Dividends & Other Adjustments	150,000	150,000	150,000	150,000	100,000	100,000
Net Income to Common	16,100,683	15,894,733	13,538,193	9,452,746	7,582,823	5,909,937
Net Income Growth	9.00%	17.22%	42.54%	24.99%	27.84%	16.99%
Basic Shares Outstanding	4,538	4,467	4,467	4,467	4,464	4,394
Diluted Shares Outstanding	4,538	4,467	4,467	4,467	4,464	4,394
Shares Change (YoY)	1.70%	-	-	0.06%	1.60%	0.88%
EPS (Basic)	3548.21	3558.53	3030.94	2116.29	1698.61	1345.12
EPS (Diluted)	3548.21	3558.53	3030.94	2116.29	1698.61	1345.12
EPS Growth	7.27%	17.41%	43.22%	24.59%	26.28%	17.47%
Dividend Per Share	-	-	756.144	-	-	-
Effective Tax Rate	20.25%	20.05%	20.02%	19.96%	19.94%	20.04%

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