Vietnam Maritime Commercial Joint Stock Bank (HOSE: MSB)

MSB 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	17,841,706	18,951,085	13,252,114	10,338,591	10,019,692	8,594,805
Interest Paid on Deposits	8,355,081	9,762,570	4,930,323	4,122,347	5,197,303	5,532,701
Net Interest Income	9,486,625	9,188,515	8,321,791	6,216,244	4,822,389	3,062,104
Net Interest Income Growth (YoY)	9.46%	10.42%	33.87%	28.90%	57.49%	5.51%
Income From Trading Activities	-931	-12,705	-2,028	2,031	-8,433	3,447
Gain (Loss) on Sale of Assets	-	-	-	-	1,924	69,556
Gain (Loss) on Sale of Investments	434,823	511,812	683,122	349,636	560,927	150,457
Other Non-Interest Income	2,736,024	2,571,365	1,690,789	4,020,331	1,805,673	1,429,590
Total Non-Interest Income	3,169,916	3,070,472	2,371,883	4,371,998	2,360,091	1,653,050
Non-Interest Income Growth (YoY)	-1.97%	29.45%	-45.75%	85.25%	42.77%	-8.86%
Revenues Before Loan Losses	12,656,541	12,258,987	10,693,674	10,588,242	7,182,480	4,715,154
Provision for Loan Losses	2,021,591	1,616,746	478,507	1,567,866	1,073,244	925,148
Revenue	10,634,950	10,642,241	10,215,167	9,020,376	6,109,236	3,790,006
Revenue Growth (YoY)	0.57%	4.18%	13.25%	47.65%	61.19%	-4.69%
Salaries and Employee Benefits	2,949,186	2,838,027	2,647,866	2,397,659	2,088,008	1,453,704
Occupancy Expenses	693,953	591,356	520,188	466,361	422,920	405,007
Federal Deposit Insurance	107,162	95,736	66,303	67,159	74,898	67,649
Selling, General & Administrative	1,243,420	1,150,713	1,055,338	877,583	811,598	778,709
Other Non-Interest Expense	132,640	136,499	138,269	123,151	188,498	-202,885
Total Non-Interest Expense	5,126,361	4,812,331	4,427,964	3,931,913	3,585,922	2,502,184
EBT Excluding Unusual Items	5,508,589	5,829,910	5,787,203	5,088,463	2,523,314	1,287,822
Pretax Income	5,508,589	5,829,910	5,787,203	5,088,463	2,523,314	1,287,822
Income Tax Expense	1,122,480	1,185,696	1,170,990	1,053,723	512,170	244,262
Net Income	4,386,109	4,644,214	4,616,213	4,034,740	2,011,144	1,043,560
Preferred Dividends & Other Adjustments	-	-	142,500	-	-	-
Net Income to Common	4,386,109	4,644,214	4,473,713	4,034,740	2,011,144	1,043,560
Net Income Growth	-8.82%	0.61%	14.41%	100.62%	92.72%	20.19%
Basic Shares Outstanding	2,600	2,600	2,583	2,536	2,361	2,361
Diluted Shares Outstanding	2,600	2,600	2,583	2,536	2,361	2,361
Shares Change (YoY)	0.30%	0.66%	1.86%	7.42%	-0.00%	-5.72%
EPS (Basic)	1686.96	1786.24	1731.98	1591.16	851.95	442.07
EPS (Diluted)	1686.96	1786.24	1731.98	1591.16	851.95	442.07
EPS Growth	-6.31%	3.13%	8.85%	86.77%	92.72%	27.48%
Effective Tax Rate	20.38%	20.34%	20.23%	20.71%	20.30%	18.97%

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