Vietnam Technological and Commercial Joint Stock Bank (HOSE: TCB)

TCB 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	59,469,481	56,707,759	44,752,636	35,503,251	29,001,912	25,020,397
Interest Paid on Deposits	24,966,132	29,016,639	14,462,861	8,804,638	10,250,703	10,762,553
Net Interest Income	34,503,349	27,691,120	30,289,775	26,698,613	18,751,209	14,257,844
Net Interest Income Growth (YoY)	28.20%	-8.58%	13.45%	42.38%	31.52%	25.18%
Income From Trading Activities	1,037,366	990,453	183,708	1,956,713	1,818,394	1,641,423
Gain (Loss) on Sale of Assets	-	731,027	-	-	-	-
Gain (Loss) on Sale of Investments	1,430,901	-	-	-489	-	-
Other Non-Interest Income	11,481,636	10,648,492	10,053,708	8,420,965	6,809,085	5,168,878
Total Non-Interest Income	13,949,903	12,369,972	10,237,416	10,377,189	8,627,479	6,810,301
Non-Interest Income Growth (YoY)	21.50%	20.83%	-1.35%	20.28%	26.68%	-2.17%
Revenues Before Loan Losses	48,453,252	40,061,092	40,527,191	37,075,802	27,378,688	21,068,145
Provision for Loan Losses	5,598,745	3,921,068	1,936,294	2,664,603	2,611,035	917,368
Revenue	42,854,507	36,140,024	38,590,897	34,411,199	24,767,653	20,150,777
Revenue Growth (YoY)	21.00%	-6.35%	12.15%	38.94%	22.91%	22.09%
Salaries and Employee Benefits	6,754,547	6,573,569	6,515,485	6,356,228	5,151,106	4,414,550
Occupancy Expenses	1,880,992	1,614,355	1,088,350	939,444	1,171,739	990,530
Federal Deposit Insurance	502,266	422,573	347,127	313,727	267,524	228,831
Selling, General & Administrative	3,619,173	3,129,993	3,585,822	2,816,131	1,518,566	979,150
Other Non-Interest Expense	1,482,123	1,511,306	1,486,345	747,376	858,422	699,448
Total Non-Interest Expense	14,239,101	13,251,796	13,023,129	11,172,906	8,967,357	7,312,509
EBT Excluding Unusual Items	28,615,406	22,888,228	25,567,768	23,238,293	15,800,296	12,838,268
Pretax Income	28,615,406	22,888,228	25,567,768	23,238,293	15,800,296	12,838,268
Income Tax Expense	5,793,798	4,697,362	5,131,342	4,822,911	3,217,829	2,612,059
Earnings From Continuing Operations	22,821,608	18,190,866	20,436,426	18,415,382	12,582,467	10,226,209
Minority Interest in Earnings	-230,836	-187,064	-286,049	-363,132	-257,476	-151,070
Net Income	22,590,772	18,003,802	20,150,377	18,052,250	12,324,991	10,075,139
Preferred Dividends & Other Adjustments	48,000	48,000	38,500	38,000	23,000	32,000
Net Income to Common	22,542,772	17,955,802	20,111,877	18,014,250	12,301,991	10,043,139
Net Income Growth	32.04%	-10.65%	11.62%	46.47%	22.33%	19.05%
Basic Shares Outstanding	7,045	7,036	7,026	7,013	7,001	6,995
Diluted Shares Outstanding	7,045	7,036	7,026	7,013	7,001	6,995
Shares Change (YoY)	0.15%	0.14%	0.18%	0.18%	0.08%	0.03%
EPS (Basic)	3199.82	2552.15	2862.47	2568.66	1757.26	1435.72
EPS (Diluted)	3199.82	2552.15	2862.47	2568.66	1757.26	1435.72
EPS Growth	31.86%	-10.84%	11.44%	46.17%	22.40%	18.92%
Dividend Per Share	750.000	750.000	-	-	-	-
Effective Tax Rate	20.25%	20.52%	20.07%	20.75%	20.37%	20.35%

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