Saigon Thuong Tin Commercial Joint Stock Bank (HOSE: STB)

STB 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	52,212,321	55,927,329	37,390,848	29,690,736	33,587,667	30,476,971
Interest Paid on Deposits	29,660,720	33,854,996	20,243,714	17,726,249	22,061,113	21,296,283
Net Interest Income	22,551,601	22,072,333	17,147,134	11,964,487	11,526,554	9,180,688
Net Interest Income Growth (YoY)	-3.60%	28.72%	43.32%	3.80%	25.55%	20.26%
Income From Trading Activities	45,671	33,817	-19,983	163,664	94,043	72,764
Gain (Loss) on Sale of Assets	2,966	2,966	1,984,218	176,907	-	-
Gain (Loss) on Sale of Investments	-6,170	-6,170	-156	103,075	28,679	5,976
Other Non-Interest Income	4,064,183	4,063,895	7,029,921	5,399,259	5,683,539	5,358,657
Total Non-Interest Income	4,106,650	4,094,508	8,994,000	5,842,905	5,806,261	5,437,397
Non-Interest Income Growth (YoY)	-18.37%	-54.48%	53.93%	0.63%	6.78%	35.19%
Revenues Before Loan Losses	26,658,251	26,166,841	26,141,134	17,807,392	17,332,815	14,618,085
Provision for Loan Losses	2,513,716	3,688,105	8,881,501	3,554,375	3,036,974	2,152,889
Revenue	24,144,535	22,478,736	17,259,633	14,253,017	14,295,841	12,465,196
Revenue Growth (YoY)	18.64%	30.24%	21.09%	-0.30%	14.69%	23.86%
Salaries and Employee Benefits	7,186,680	6,869,829	6,882,923	6,025,532	5,767,650	5,465,357
Occupancy Expenses	1,066,136	1,148,589	665,889	639,448	582,947	544,864
Selling, General & Administrative	140,570	-	-	-	-	-
Other Non-Interest Expense	5,367,816	4,865,318	3,371,749	3,188,011	4,605,964	3,238,229
Total Non-Interest Expense	13,962,338	12,883,736	10,920,561	9,852,991	10,956,561	9,248,450
EBT Excluding Unusual Items	10,182,197	9,595,000	6,339,072	4,400,026	3,339,280	3,216,746
Pretax Income	10,182,197	9,595,000	6,339,072	4,400,026	3,339,280	3,216,746
Income Tax Expense	2,000,420	1,876,384	1,298,377	988,530	657,299	761,882
Earnings From Continuing Operations	8,181,777	7,718,616	5,040,695	3,411,496	2,681,981	2,454,864
Net Income	8,181,777	7,718,616	5,040,695	3,411,496	2,681,981	2,454,864
Preferred Dividends & Other Adjustments	-595,045	-	554,288	404,730	430,717	418,761
Net Income to Common	8,776,822	7,718,616	4,486,407	3,006,766	2,251,264	2,036,103
Net Income Growth	20.54%	53.13%	47.76%	27.20%	9.25%	37.13%
Basic Shares Outstanding	1,885	1,885	1,885	1,842	1,804	1,804
Diluted Shares Outstanding	1,885	1,885	1,885	1,842	1,804	1,804
Shares Change (YoY)	-	-	2.34%	2.13%	-	-
EPS (Basic)	4655.61	4094.29	2379.78	1632.22	1248.17	1128.88
EPS (Diluted)	4655.61	4094.29	2379.78	1632.22	1248.17	1128.88
EPS Growth	12.75%	72.04%	45.80%	30.77%	10.57%	44.53%
Effective Tax Rate	19.65%	19.56%	20.48%	22.47%	19.68%	23.68%

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