Saigon - Hanoi Commercial Joint Stock Bank (HOSE: SHB)

SHB 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	52,701,385	57,589,391	40,773,670	35,606,329	31,287,120	27,682,704
Total Interest Income	52,701,385	57,589,391	40,773,670	35,606,329	31,287,120	27,682,704
Interest Paid on Deposits	33,785,452	38,304,038	23,223,586	20,035,980	21,353,921	19,852,265
Net Interest Income	18,915,933	19,285,353	17,550,084	15,570,349	9,933,199	7,830,439
Net Interest Income Growth (YoY)	-0.89%	9.89%	12.71%	56.75%	26.85%	40.94%
Income From Trading Activities	-98,751	27,981	92,641	-	1,293,111	-
Gain (Loss) on Sale of Assets	-	-	-	-	533	2,114
Gain (Loss) on Sale of Investments	11,492	11,122	-	988,410	-	465,075
Other Non-Interest Income	1,430,710	2,003,941	1,698,257	1,594,259	980,568	1,092,334
Total Non-Interest Income	1,343,451	2,043,044	1,790,898	2,582,669	2,274,212	1,559,523
Non-Interest Income Growth (YoY)	-38.89%	14.08%	-30.66%	13.56%	45.83%	30.87%
Revenues Before Loan Losses	20,259,384	21,328,397	19,340,982	18,153,018	12,207,411	9,389,962
Provision for Loan Losses	5,162,774	7,037,837	5,260,021	7,487,035	4,569,270	2,410,964
Revenue	15,096,610	14,290,560	14,080,961	10,665,983	7,638,141	6,978,998
Revenue Growth (YoY)	2.39%	1.49%	32.02%	39.64%	9.44%	31.12%
Salaries and Employee Benefits	2,871,587	2,945,499	2,790,873	3,048,550	-	-
Occupancy Expenses	586,862	579,886	498,674	458,863	-	-
Federal Deposit Insurance	477,658	428,201	319,172	289,121	-	-
Selling, General & Administrative	1,034,381	1,035,554	654,084	567,205	-	-
Other Non-Interest Expense	96,631	62,399	128,790	42,202	4,370,141	3,952,658
Total Non-Interest Expense	5,067,119	5,051,539	4,391,593	4,405,941	4,370,141	3,952,658
EBT Excluding Unusual Items	10,029,491	9,239,021	9,689,368	6,260,042	3,268,000	3,026,340
Pretax Income	10,029,491	9,239,021	9,689,368	6,260,042	3,268,000	3,026,340
Income Tax Expense	2,042,870	1,914,263	1,960,450	1,252,881	660,988	608,450
Earnings From Continuing Operations	7,986,621	7,324,758	7,728,918	5,007,161	2,607,012	2,417,890
Net Income	7,986,621	7,324,758	7,728,918	5,007,161	2,607,012	2,417,890
Preferred Dividends & Other Adjustments	-	-	105,000	-	-	143,853
Net Income to Common	7,986,621	7,324,758	7,623,918	5,007,161	2,607,012	2,274,037
Net Income Growth	0.78%	-5.23%	54.36%	92.07%	7.82%	44.58%
Basic Shares Outstanding	3,640	3,619	3,619	3,277	3,133	2,399
Diluted Shares Outstanding	3,640	3,619	3,619	3,277	3,133	2,399
Shares Change (YoY)	0.59%	-	10.42%	4.63%	30.56%	-0.00%
EPS (Basic)	2193.88	2024.03	2106.69	1527.75	832.25	947.83
EPS (Diluted)	2193.88	2024.03	2106.69	1527.75	832.25	947.83
EPS Growth	1.53%	-3.92%	37.90%	83.57%	-12.19%	35.98%
Dividend Per Share	500.000	500.000	-	-	-	-
Effective Tax Rate	20.37%	20.72%	20.23%	20.01%	20.23%	20.11%

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