Asia Commercial Joint Stock Bank (HOSE:ACB)

HOSE:ACB Income Statement

Financials in millions VND. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	50,902,749	52,346,796	40,698,834	33,713,810	31,855,748
Interest Paid on Deposits	23,108,047	27,387,226	17,165,305	14,769,018	17,273,625
Net Interest Income	27,794,702	24,959,570	23,533,529	18,944,792	14,582,123
Net Interest Income Growth (YoY)	11.36%	6.06%	24.22%	29.92%	20.39%
Income From Trading Activities	200,357	168,383	-387,873	449,960	166,503
Gain (Loss) on Sale of Investments	466,949	2,640,351	-8,533	223,431	732,194
Gain (Loss) on Sale of Equity Investments	-	-	-	-	1,526
Other Non-Interest Income	5,069,388	4,971,423	5,623,763	3,926,961	2,679,042
Total Non-Interest Income	5,736,694	7,780,157	5,227,357	4,600,352	3,579,265
Non-Interest Income Growth (YoY)	-26.27%	48.84%	13.63%	28.53%	-10.19%
Revenues Before Loan Losses	33,531,396	32,739,727	28,760,886	23,545,144	18,161,388
Provision for Loan Losses	1,606,285	1,804,231	70,814	3,336,109	941,153
Revenue	31,925,111	30,935,496	28,690,072	20,209,035	17,220,235
Revenue Growth (YoY)	3.20%	7.83%	41.97%	17.36%	8.83%
Salaries and Employee Benefits	6,468,329	6,215,207	6,069,294	5,128,784	4,337,109
Occupancy Expenses	1,645,532	1,780,389	1,733,724	1,692,359	1,750,411
Federal Deposit Insurance	574,929	504,504	455,482	419,539	374,287
Selling, General & Administrative	2,212,159	2,346,192	3,286,908	1,736,532	1,793,343
Other Non-Interest Expense	18,291	21,205	30,456	-766,291	-630,803
Total Non-Interest Expense	10,919,240	10,867,497	11,575,864	8,210,923	7,624,347
EBT Excluding Unusual Items	21,005,871	20,067,999	17,114,208	11,998,112	9,595,888
Pretax Income	21,005,871	20,067,999	17,114,208	11,998,112	9,595,888
Income Tax Expense	4,216,103	4,023,266	3,426,015	2,395,366	1,913,065
Net Income	16,789,768	16,044,733	13,688,193	9,602,746	7,682,823
Preferred Dividends & Other Adjustments	-	150,000	150,000	150,000	100,000
Net Income to Common	16,789,768	15,894,733	13,538,193	9,452,746	7,582,823
Net Income Growth	4.64%	17.22%	42.54%	24.99%	27.84%
Basic Shares Outstanding	4,576	4,467	4,467	4,467	4,464
Diluted Shares Outstanding	4,576	4,467	4,467	4,467	4,464
Shares Change (YoY)	2.45%	-	-	0.06%	1.60%
EPS (Basic)	3669.00	3558.53	3030.94	2116.29	1698.61
EPS (Diluted)	3669.00	3558.53	3030.94	2116.29	1698.61
EPS Growth	3.10%	17.41%	43.22%	24.59%	26.28%
Dividend Per Share	-	-	756.144	-	-
Effective Tax Rate	20.07%	20.05%	20.02%	19.96%	19.94%

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