Southeast Asia Commercial Joint Stock Bank (HOSE:SSB)

HOSE:SSB Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	20,716,605	19,718,490	15,149,800	11,804,488	10,695,780
Interest Paid on Deposits	10,750,195	12,647,771	8,143,873	6,618,395	7,634,064
Net Interest Income	9,966,410	7,070,719	7,005,927	5,186,093	3,061,716
Net Interest Income Growth (YoY)	40.95%	0.92%	35.09%	69.38%	66.12%
Income From Trading Activities	-172,141	109,180	228,111	58,462	166,774
Gain (Loss) on Sale of Investments	321,584	129,239	621,497	333,508	171,271
Other Non-Interest Income	2,293,323	2,115,432	1,792,036	1,485,038	1,183,926
Total Non-Interest Income	2,442,766	2,353,851	2,641,644	1,877,008	1,521,971
Non-Interest Income Growth (YoY)	3.78%	-10.89%	40.74%	23.33%	2060.02%
Revenues Before Loan Losses	12,409,176	9,424,570	9,647,571	7,063,101	4,583,687
Provision for Loan Losses	2,239,382	1,200,285	1,174,738	1,237,838	677,376
Revenue	10,169,794	8,224,285	8,472,833	5,825,263	3,906,311
Revenue Growth (YoY)	23.66%	-2.93%	45.45%	49.12%	208.75%
Salaries and Employee Benefits	2,113,460	1,856,595	1,800,099	1,316,617	1,177,906
Occupancy Expenses	774,028	671,177	568,183	413,182	353,709
Federal Deposit Insurance	135,804	117,411	100,038	112,083	107,923
Amortization of Goodwill & Intangibles	71,205	71,205	71,206	71,206	71,206
Selling, General & Administrative	705,592	653,260	643,637	409,085	327,220
Other Non-Interest Expense	330,306	238,079	220,684	234,552	139,411
Total Non-Interest Expense	4,130,395	3,607,727	3,403,847	2,556,725	2,177,375
EBT Excluding Unusual Items	6,039,399	4,616,558	5,068,986	3,268,538	1,728,936
Pretax Income	6,039,399	4,616,558	5,068,986	3,268,538	1,728,936
Income Tax Expense	1,223,373	939,603	1,016,058	662,020	368,471
Net Income	4,816,026	3,676,955	4,052,928	2,606,518	1,360,465
Preferred Dividends & Other Adjustments	144,481	110,010	92,001	18,419	22,301
Net Income to Common	4,671,545	3,566,945	3,960,927	2,588,099	1,338,164
Net Income Growth	30.98%	-9.28%	55.49%	91.59%	1064.89%
Basic Shares Outstanding	2,835	2,794	2,865	2,512	2,243
Diluted Shares Outstanding	2,835	2,794	2,865	2,512	2,243
Shares Change (YoY)	1.46%	-2.46%	14.05%	12.00%	119.10%
EPS (Basic)	1647.81	1276.52	1382.70	1030.44	596.71
EPS (Diluted)	1647.81	1276.52	1382.70	1030.44	596.71
EPS Growth	29.09%	-7.68%	34.19%	72.69%	422.97%
Effective Tax Rate	20.26%	20.35%	20.04%	20.25%	21.31%

Updated Jan 31, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.