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

VCB 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	95,171,370	108,122,278	88,112,700	70,621,957	69,205,134	67,665,496
Interest Paid on Deposits	40,806,743	54,501,409	34,866,222	28,349,385	32,919,659	33,127,768
Net Interest Income	54,364,627	53,620,869	53,246,478	42,272,572	36,285,475	34,537,728
Net Interest Income Growth (YoY)	-2.27%	0.70%	25.96%	16.50%	5.06%	21.58%
Income From Trading Activities	52,146	124,217	-33,599	52,430	1,712	153,022
Gain (Loss) on Sale of Investments	-24,426	-24,426	26,583	3,927	335,274	40,176
Gain (Loss) on Sale of Equity Investments	147,505	131,053	21,613	31,930	42,152	42,336
Other Non-Interest Income	12,262,517	13,847,323	14,778,747	14,269,107	12,397,928	10,912,127
Total Non-Interest Income	12,437,742	14,078,167	14,793,344	14,357,394	12,777,066	11,147,661
Non-Interest Income Growth (YoY)	-15.71%	-4.83%	3.04%	12.37%	14.62%	2.95%
Revenues Before Loan Losses	66,802,369	67,699,036	68,039,822	56,629,966	49,062,541	45,685,389
Provision for Loan Losses	1,860,631	4,564,876	9,464,218	11,478,198	9,974,730	6,607,278
Revenue	64,941,738	63,134,160	58,575,604	45,151,768	39,087,811	39,078,111
Revenue Growth (YoY)	3.65%	7.78%	29.73%	15.51%	0.02%	22.74%
Salaries and Employee Benefits	11,993,932	11,718,438	10,704,534	9,586,008	8,603,051	8,668,273
Occupancy Expenses	3,386,439	3,455,613	4,017,315	3,463,858	2,902,528	2,701,784
Federal Deposit Insurance	970,239	880,742	802,452	711,257	631,788	578,981
Selling, General & Administrative	4,820,565	5,284,175	5,226,349	3,490,020	3,603,531	-
Other Non-Interest Expense	543,608	551,505	456,863	414,782	297,352	3,917,502
Total Non-Interest Expense	21,714,783	21,890,473	21,207,513	17,665,925	16,038,250	15,866,540
EBT Excluding Unusual Items	43,226,955	41,243,687	37,368,091	27,485,843	23,049,561	23,211,571
Pretax Income	43,226,955	41,243,687	37,368,091	27,485,843	23,049,561	23,211,571
Income Tax Expense	8,583,726	8,189,239	7,449,037	5,469,010	4,577,043	4,614,227
Earnings From Continuing Operations	34,643,229	33,054,448	29,919,054	22,016,833	18,472,518	18,597,344
Minority Interest in Earnings	-22,195	-21,245	-20,040	-20,232	-21,207	-15,090
Net Income	34,621,034	33,033,203	29,899,014	21,996,601	18,451,311	18,582,254
Preferred Dividends & Other Adjustments	2,575,897	2,575,897	3,344,476	2,299,162	2,423,361	2,276,180
Net Income to Common	32,045,137	30,457,306	26,554,538	19,697,439	16,027,950	16,306,074
Net Income Growth	3.00%	10.48%	35.93%	19.21%	-0.70%	27.23%
Basic Shares Outstanding	5,589	5,589	5,589	5,589	5,589	5,577
Diluted Shares Outstanding	5,589	5,589	5,589	5,589	5,589	5,577
Shares Change (YoY)	-	-	-0.00%	-	0.22%	2.86%
EPS (Basic)	5733.51	5449.42	4751.14	3524.26	2867.71	2923.95
EPS (Diluted)	5733.51	5449.42	4751.14	3524.26	2867.71	2923.95
EPS Growth	5.87%	14.70%	34.81%	22.89%	-1.92%	32.60%
Dividend Per Share	-	-	-	-	796.307	530.871
Dividend Growth	-	-	-	-	50.00%	0%
Effective Tax Rate	19.86%	19.86%	19.93%	19.90%	19.86%	19.88%

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