Vietnam Joint Stock Commercial Bank for Industry and Trade (HOSE: CTG)

CTG 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	124,971,686	132,671,737	104,664,634	84,628,302	83,676,516	82,742,771
Interest Paid on Deposits	64,434,649	79,714,259	56,872,679	42,839,837	48,096,888	49,543,734
Net Interest Income	60,537,037	52,957,478	47,791,955	41,788,465	35,579,628	33,199,037
Net Interest Income Growth (YoY)	18.19%	10.81%	14.37%	17.45%	7.17%	49.47%
Income From Trading Activities	-337,047	138,505	-142,347	719,729	962,225	-425,164
Gain (Loss) on Sale of Assets	7,881	7,881	14,663	4,494	54,448	137,990
Gain (Loss) on Sale of Investments	-	-	-	-	-	156,912
Gain (Loss) on Sale of Equity Investments	445,896	194,931	424,508	393,611	456,977	402,385
Other Non-Interest Income	18,334,893	17,249,370	16,028,397	10,250,333	8,304,181	7,048,226
Total Non-Interest Income	18,451,623	17,590,687	16,325,221	11,368,167	9,777,831	7,320,349
Non-Interest Income Growth (YoY)	3.98%	7.75%	43.60%	16.26%	33.57%	17.43%
Revenues Before Loan Losses	78,988,660	70,548,165	64,117,176	53,156,632	45,357,459	40,519,386
Provision for Loan Losses	29,607,204	25,115,141	23,790,589	18,381,626	12,168,215	13,003,531
Revenue	49,381,456	45,433,024	40,326,587	34,775,006	33,189,244	27,515,855
Revenue Growth (YoY)	14.41%	12.66%	15.96%	4.78%	20.62%	33.30%
Salaries and Employee Benefits	12,415,824	11,636,246	11,086,985	10,013,309	9,261,722	9,434,827
Occupancy Expenses	2,849,384	2,715,410	2,691,964	2,903,591	2,530,639	2,280,260
Federal Deposit Insurance	1,084,511	985,905	880,010	772,469	722,082	663,368
Selling, General & Administrative	5,111,100	4,883,219	4,208,269	3,376,171	3,236,311	2,916,923
Other Non-Interest Expense	819,686	222,719	327,486	120,310	318,674	439,484
Total Non-Interest Expense	22,280,505	20,443,499	19,194,714	17,185,850	16,069,428	15,734,862
EBT Excluding Unusual Items	27,100,951	24,989,525	21,131,873	17,589,156	17,119,816	11,780,993
Pretax Income	27,100,951	24,989,525	21,131,873	17,589,156	17,119,816	11,780,993
Income Tax Expense	5,442,112	4,944,903	4,148,228	3,373,814	3,334,608	2,304,004
Earnings From Continuing Operations	21,658,839	20,044,622	16,983,645	14,215,342	13,785,208	9,476,989
Minority Interest in Earnings	-78,083	-141,072	-59,920	-126,582	-65,006	-15,722
Net Income	21,580,756	19,903,550	16,923,725	14,088,760	13,720,202	9,461,267
Preferred Dividends & Other Adjustments	-	-	2,409,538	2,026,475	1,803,677	2,142,763
Net Income to Common	21,580,756	19,903,550	14,514,187	12,062,285	11,916,525	7,318,504
Net Income Growth	18.91%	17.61%	20.12%	2.69%	45.01%	79.37%
Basic Shares Outstanding	5,370	5,370	5,370	5,370	5,370	5,370
Diluted Shares Outstanding	5,370	5,370	5,370	5,370	5,370	5,370
Shares Change (YoY)	-0.00%	-	-0.00%	-0.00%	-	-
EPS (Basic)	4018.77	3706.44	2702.83	2246.23	2219.07	1362.84
EPS (Diluted)	4018.77	3706.44	2702.83	2246.23	2219.07	1362.84
EPS Growth	37.11%	37.13%	20.33%	1.22%	62.83%	38.74%
Dividend Per Share	-	-	-	-	554.692	346.683
Dividend Growth	-	-	-	-	60.00%	-
Effective Tax Rate	20.08%	19.79%	19.63%	19.18%	19.48%	19.56%

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