Southeast Asia Commercial Joint Stock Bank (HOSE: SSB)

SSB Income Statement

Financials in millions VND. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2016
Period Ending	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2016
Interest Income on Loans	19,804,617	19,804,617	15,149,800	11,804,488	10,695,780	6,149,615
Interest Income on Investments	14,384	14,384	-	-	-	-
Total Interest Income	19,819,001	19,819,001	15,149,800	11,804,488	10,695,780	6,149,615
Interest Paid on Deposits	12,647,771	12,647,771	8,143,873	6,618,395	7,634,064	4,306,583
Net Interest Income	7,171,230	7,171,230	7,005,927	5,186,093	3,061,716	1,843,032
Net Interest Income Growth (YoY)	2.36%	2.36%	35.09%	69.39%	66.12%	60.74%
Income From Trading Activities	301,713	301,713	228,111	58,462	166,774	36,589
Gain (Loss) on Sale of Investments	579	579	621,497	333,508	171,271	-
Other Non-Interest Income	1,950,848	1,950,848	1,792,036	1,485,038	1,183,926	33,872
Total Non-Interest Income	2,253,140	2,253,140	2,641,644	1,877,008	1,521,971	70,461
Non-Interest Income Growth (YoY)	-14.71%	-14.71%	40.74%	23.33%	2060.02%	124.85%
Revenues Before Loan Losses	9,424,370	9,424,370	9,647,571	7,063,101	4,583,687	1,913,493
Provision for Loan Losses	1,200,285	1,200,285	1,174,738	1,237,838	677,376	648,279
Revenue	8,224,085	8,224,085	8,472,833	5,825,263	3,906,311	1,265,214
Revenue Growth (YoY)	-2.94%	-2.94%	45.45%	49.12%	208.75%	16.62%
Salaries and Employee Benefits	1,856,595	1,856,595	1,800,099	1,316,617	1,177,906	-
Occupancy Expenses	671,177	671,177	568,183	413,182	353,709	-
Federal Deposit Insurance	117,411	117,411	100,038	112,083	107,923	-
Amortization of Goodwill & Intangibles	71,206	71,206	71,206	71,206	71,206	-
Selling, General & Administrative	653,260	653,260	643,637	409,085	327,220	-
Other Non-Interest Expense	238,078	238,078	220,684	234,552	139,411	1,119,317
Total Non-Interest Expense	3,607,727	3,607,727	3,403,847	2,556,725	2,177,375	1,119,317
EBT Excluding Unusual Items	4,616,358	4,616,358	5,068,986	3,268,538	1,728,936	145,897
Pretax Income	4,616,358	4,616,358	5,068,986	3,268,538	1,728,936	145,897
Income Tax Expense	939,563	939,563	1,016,058	662,020	368,471	29,108
Net Income	3,676,795	3,676,795	4,052,928	2,606,518	1,360,465	116,789
Preferred Dividends & Other Adjustments	116,336	116,336	92,001	18,419	22,301	-
Net Income to Common	3,560,459	3,560,459	3,960,927	2,588,099	1,338,164	116,789
Net Income Growth	-9.28%	-9.28%	55.49%	91.59%	1064.89%	27.10%
Basic Shares Outstanding	2,789	2,789	2,865	2,512	2,243	1,024
Diluted Shares Outstanding	2,789	2,789	2,865	2,512	2,243	1,024
Shares Change (YoY)	-2.65%	-2.65%	14.05%	12.00%	119.10%	-0.45%
EPS (Basic)	1276.73	1276.73	1382.70	1030.44	596.71	114.10
EPS (Diluted)	1276.73	1276.73	1382.70	1030.44	596.71	114.10
EPS Growth	-7.66%	-7.66%	34.19%	72.69%	422.96%	27.67%
Effective Tax Rate	20.35%	20.35%	20.04%	20.25%	21.31%	19.95%

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