Military Commercial Joint Stock Bank (HOSE: MBB)

MBB 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	67,606,478	69,143,043	52,485,812	38,464,932	32,767,393	31,196,604
Interest Paid on Deposits	28,432,945	30,459,195	16,462,690	12,265,378	12,489,598	13,196,607
Net Interest Income	39,173,533	38,683,848	36,023,122	26,199,554	20,277,795	17,999,997
Net Interest Income Growth (YoY)	0.06%	7.39%	37.50%	29.20%	12.65%	23.43%
Income From Trading Activities	2,100,654	841,970	1,456,376	1,666,949	950,955	639,511
Other Non-Interest Income	8,691,538	7,780,244	8,113,127	9,067,995	6,133,423	6,010,940
Total Non-Interest Income	10,792,192	8,622,214	9,569,503	10,734,944	7,084,378	6,650,451
Non-Interest Income Growth (YoY)	53.45%	-9.90%	-10.86%	51.53%	6.52%	34.27%
Revenues Before Loan Losses	49,965,725	47,306,062	45,592,625	36,934,498	27,362,173	24,650,448
Provision for Loan Losses	7,939,985	6,087,032	8,047,677	8,030,051	6,118,440	4,890,623
Revenue	42,025,740	41,219,030	37,544,948	28,904,447	21,243,733	19,759,825
Revenue Growth (YoY)	10.31%	9.79%	29.89%	36.06%	7.51%	19.75%
Salaries and Employee Benefits	8,484,094	7,996,974	8,154,390	6,710,310	5,998,888	6,064,062
Occupancy Expenses	2,994,513	2,843,585	2,568,050	2,186,760	1,603,540	1,254,228
Federal Deposit Insurance	519,662	447,967	344,512	245,158	185,965	157,979
Selling, General & Administrative	3,463,646	3,449,899	3,578,053	3,099,453	2,670,161	2,160,228
Other Non-Interest Expense	174,691	174,516	170,623	135,507	96,903	87,209
Total Non-Interest Expense	15,636,606	14,912,941	14,815,628	12,377,188	10,555,457	9,723,706
EBT Excluding Unusual Items	26,389,134	26,306,089	22,729,320	16,527,259	10,688,276	10,036,119
Pretax Income	27,023,480	26,306,089	22,729,320	16,527,259	10,688,276	10,036,119
Income Tax Expense	5,408,750	5,252,297	4,574,135	3,305,822	2,082,237	1,967,515
Earnings From Continuing Operations	21,614,730	21,053,792	18,155,185	13,221,437	8,606,039	8,068,604
Minority Interest in Earnings	-278,761	-377,004	-672,450	-524,362	-343,380	-245,831
Net Income	21,335,969	20,676,788	17,482,735	12,697,075	8,262,659	7,822,773
Preferred Dividends & Other Adjustments	-1,634,505	-	1,395,150	864,533	600,265	484,703
Net Income to Common	22,970,474	20,676,788	16,087,585	11,832,542	7,662,394	7,338,070
Net Income Growth	11.56%	18.27%	37.69%	53.67%	5.62%	27.98%
Basic Shares Outstanding	5,244	5,214	5,214	5,212	5,143	4,957
Diluted Shares Outstanding	5,244	5,214	5,214	5,212	5,143	4,957
Shares Change (YoY)	0.58%	-	0.03%	1.35%	3.75%	-2.49%
EPS (Basic)	4380.12	3965.56	3085.41	2270.06	1489.90	1480.37
EPS (Diluted)	4380.12	3965.56	3085.41	2270.06	1489.90	1480.37
EPS Growth	41.90%	28.53%	35.92%	52.36%	0.64%	31.26%
Dividend Per Share	500.000	500.000	434.783	-	-	-
Dividend Growth	15.00%	15.00%	-	-	-	-
Effective Tax Rate	20.02%	19.97%	20.12%	20.00%	19.48%	19.60%

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