Joint Stock Commercial Bank for Foreign Trade of Vietnam (HOSE:VCB)

HOSE:VCB 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	93,654,841	108,122,278	88,112,700	70,621,957	69,205,134
Interest Paid on Deposits	38,249,106	54,501,409	34,866,222	28,349,385	32,919,659
Net Interest Income	55,405,735	53,620,869	53,246,478	42,272,572	36,285,475
Net Interest Income Growth (YoY)	3.33%	0.70%	25.96%	16.50%	5.06%
Income From Trading Activities	65,567	124,217	-33,599	52,430	1,712
Gain (Loss) on Sale of Investments	68,172	-24,426	26,583	3,927	335,274
Gain (Loss) on Sale of Equity Investments	145,724	131,053	21,613	31,930	42,152
Other Non-Interest Income	12,960,724	13,847,323	14,778,747	14,269,107	12,397,928
Total Non-Interest Income	13,240,187	14,078,167	14,793,344	14,357,394	12,777,066
Non-Interest Income Growth (YoY)	-5.95%	-4.83%	3.04%	12.37%	14.62%
Revenues Before Loan Losses	68,645,922	67,699,036	68,039,822	56,629,966	49,062,541
Provision for Loan Losses	3,314,997	4,564,876	9,464,218	11,478,198	9,974,730
Revenue	65,330,925	63,134,160	58,575,604	45,151,768	39,087,811
Revenue Growth (YoY)	3.48%	7.78%	29.73%	15.51%	0.02%
Salaries and Employee Benefits	12,262,747	11,718,438	10,704,534	9,586,008	8,603,051
Occupancy Expenses	3,402,746	3,455,613	4,017,315	3,463,858	2,902,528
Federal Deposit Insurance	993,995	880,742	802,452	711,257	631,788
Selling, General & Administrative	5,891,734	5,284,175	5,226,349	3,490,020	3,603,531
Other Non-Interest Expense	543,565	551,505	456,863	414,782	297,352
Total Non-Interest Expense	23,094,787	21,890,473	21,207,513	17,665,925	16,038,250
EBT Excluding Unusual Items	42,236,138	41,243,687	37,368,091	27,485,843	23,049,561
Pretax Income	42,236,138	41,243,687	37,368,091	27,485,843	23,049,561
Income Tax Expense	8,383,011	8,189,239	7,449,037	5,469,010	4,577,043
Earnings From Continuing Operations	33,853,127	33,054,448	29,919,054	22,016,833	18,472,518
Minority Interest in Earnings	-21,731	-21,245	-20,040	-20,232	-21,207
Net Income	33,831,396	33,033,203	29,899,014	21,996,601	18,451,311
Preferred Dividends & Other Adjustments	-	2,575,897	3,344,476	2,299,162	2,423,361
Net Income to Common	33,831,396	30,457,306	26,554,538	19,697,439	16,027,950
Net Income Growth	2.42%	10.48%	35.93%	19.21%	-0.70%
Basic Shares Outstanding	5,589	5,589	5,589	5,589	5,589
Diluted Shares Outstanding	5,589	5,589	5,589	5,589	5,589
Shares Change (YoY)	-	-	-0.00%	-	0.22%
EPS (Basic)	6053.11	5449.42	4751.14	3524.26	2867.71
EPS (Diluted)	6053.11	5449.42	4751.14	3524.26	2867.71
EPS Growth	11.08%	14.70%	34.81%	22.89%	-1.92%
Dividend Per Share	-	-	-	-	796.307
Dividend Growth	-	-	-	-	50.00%
Effective Tax Rate	19.85%	19.86%	19.93%	19.90%	19.86%

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