Fortune Vietnam Joint Stock Commercial Bank (HOSE: LPB)

LPB 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	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	32,353,651	32,353,651	25,225,644	20,925,551	17,869,155	16,259,848
Interest Paid on Deposits	21,150,522	21,150,522	13,325,675	11,908,392	11,148,984	10,198,972
Net Interest Income	11,203,129	11,203,129	11,899,969	9,017,159	6,720,171	6,060,876
Net Interest Income Growth (YoY)	24.24%	-5.86%	31.97%	34.18%	10.88%	20.84%
Income From Trading Activities	30,208	30,208	-2,769	4,543	33,650	4,070
Gain (Loss) on Sale of Assets	16,163	16,163	8,816	12,768	9,606	12,035
Gain (Loss) on Sale of Investments	-5,254	-5,254	345,762	-1,384	137,734	-53,806
Other Non-Interest Income	4,331,714	4,331,714	1,864,656	1,017,603	869,650	483,145
Total Non-Interest Income	4,372,831	4,372,831	2,216,465	1,033,530	1,050,640	445,444
Non-Interest Income Growth (YoY)	323.10%	97.29%	114.46%	-1.63%	135.86%	-
Revenues Before Loan Losses	15,575,960	15,575,960	14,116,434	10,050,689	7,770,811	6,506,320
Provision for Loan Losses	2,826,040	2,826,040	3,173,737	1,322,250	699,386	435,591
Revenue	12,749,920	12,749,920	10,942,697	8,728,439	7,071,425	6,070,729
Revenue Growth (YoY)	46.07%	16.52%	25.37%	23.43%	16.48%	42.47%
Salaries and Employee Benefits	3,233,810	3,233,810	3,038,695	2,737,169	2,239,354	1,864,881
Occupancy Expenses	1,023,185	1,023,185	884,358	855,389	810,693	726,329
Federal Deposit Insurance	236,979	236,979	181,642	170,195	145,930	126,409
Amortization of Goodwill & Intangibles	-	-	-	34,342	69,443	69,253
Selling, General & Administrative	1,097,649	1,097,649	1,072,013	1,179,131	1,268,976	1,144,726
Other Non-Interest Expense	168,249	168,249	130,185	114,195	110,751	100,582
Total Non-Interest Expense	5,710,527	5,710,527	5,253,016	5,090,421	4,644,872	4,031,905
EBT Excluding Unusual Items	7,039,393	7,039,393	5,689,681	3,638,018	2,426,553	2,038,824
Pretax Income	7,039,393	7,039,393	5,689,681	3,638,018	2,426,553	2,038,824
Income Tax Expense	1,467,147	1,467,147	1,179,428	764,770	564,645	438,547
Net Income	5,572,246	5,572,246	4,510,253	2,873,248	1,861,908	1,600,277
Preferred Dividends & Other Adjustments	-	-	510,000	303,097	209,982	227,841
Net Income to Common	5,572,246	5,572,246	4,000,253	2,570,151	1,651,926	1,372,436
Net Income Growth	93.94%	23.55%	56.97%	54.32%	16.35%	66.70%
Basic Shares Outstanding	2,060	2,060	1,978	1,647	1,647	1,611
Diluted Shares Outstanding	2,060	2,060	1,978	1,647	1,647	1,611
Shares Change (YoY)	25.08%	4.16%	20.09%	-	2.26%	22.97%
EPS (Basic)	2704.67	2704.67	2022.33	1560.40	1002.92	852.04
EPS (Diluted)	2704.67	2704.67	2022.33	1560.40	1002.92	852.04
EPS Growth	73.33%	33.74%	29.60%	55.59%	17.71%	37.58%
Effective Tax Rate	20.84%	20.84%	20.73%	21.02%	23.27%	21.51%

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