Vietnam Prosperity Joint Stock Commercial Bank (HOSE: VPB)

VPB 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	79,141,320	76,557,377	62,200,250	50,827,098	52,361,767	49,874,784
Interest Paid on Deposits	32,212,074	38,382,701	21,179,192	16,478,269	20,015,944	19,204,323
Net Interest Income	46,929,246	38,174,676	41,021,058	34,348,829	32,345,823	30,670,461
Net Interest Income Growth (YoY)	25.43%	-6.94%	19.42%	6.19%	5.46%	24.16%
Income From Trading Activities	172,188	380,173	-149,194	8,879	226,466	284,845
Gain (Loss) on Sale of Assets	1,795	646	2,781	1,603	-	13,533
Gain (Loss) on Sale of Investments	421,105	250,032	508,755	3,150,866	1,244,887	765,930
Other Non-Interest Income	8,895,553	9,416,384	16,073,608	7,376,582	5,252,235	4,583,507
Total Non-Interest Income	9,490,641	10,047,235	16,435,950	10,537,930	6,723,588	5,647,815
Non-Interest Income Growth (YoY)	-16.85%	-38.87%	55.97%	56.73%	19.05%	-11.60%
Revenues Before Loan Losses	56,419,887	48,221,911	57,457,008	44,886,759	39,069,411	36,318,276
Provision for Loan Losses	27,407,974	24,994,374	22,461,226	19,218,768	14,621,638	13,687,626
Revenue	29,011,913	23,227,537	34,995,782	25,667,991	24,447,773	22,630,650
Revenue Growth (YoY)	22.48%	-33.63%	36.34%	4.99%	8.03%	14.08%
Salaries and Employee Benefits	8,389,120	8,609,213	8,327,741	6,230,506	6,699,495	7,327,257
Occupancy Expenses	1,869,149	1,689,084	1,627,331	1,467,665	1,549,971	1,583,073
Federal Deposit Insurance	415,160	301,649	182,448	176,046	205,015	182,383
Selling, General & Administrative	1,288,565	1,262,910	1,571,486	1,054,780	1,306,159	1,628,565
Other Non-Interest Expense	2,192,045	2,078,362	2,406,725	1,789,940	1,705,537	1,585,211
Total Non-Interest Expense	14,154,039	13,941,218	14,115,731	10,718,937	11,466,177	12,306,489
EBT Excluding Unusual Items	14,857,874	9,286,319	20,880,051	14,949,054	12,981,596	10,324,161
Other Unusual Items	1,527,962	1,517,577	340,081	-585,284	37,859	-
Pretax Income	16,385,836	10,803,896	21,220,132	14,363,770	13,019,455	10,324,161
Income Tax Expense	3,473,989	2,309,725	4,311,325	2,886,600	2,605,695	2,063,898
Earnings From Continuing Operations	12,911,847	8,494,171	16,908,807	11,477,170	10,413,760	8,260,263
Minority Interest in Earnings	200,974	1,479,768	1,259,161	244,038	-	-
Net Income	13,112,821	9,973,939	18,167,968	11,721,208	10,413,760	8,260,263
Net Income to Common	13,112,821	9,973,939	18,167,968	11,721,208	10,413,760	8,260,263
Net Income Growth	27.55%	-45.10%	55.00%	12.56%	26.07%	12.30%
Basic Shares Outstanding	7,874	6,959	6,685	6,643	6,583	6,606
Diluted Shares Outstanding	7,874	6,959	6,685	6,643	6,583	6,606
Shares Change (YoY)	17.30%	4.09%	0.63%	0.92%	-0.35%	0.60%
EPS (Basic)	1665.25	1433.28	2717.63	1764.35	1581.99	1250.46
EPS (Diluted)	1665.25	1433.28	2717.63	1764.35	1581.99	1250.46
EPS Growth	8.74%	-47.26%	54.03%	11.53%	26.51%	11.63%
Dividend Per Share	1000.000	1000.000	1000.000	-	-	-
Effective Tax Rate	21.20%	21.38%	20.32%	20.10%	20.01%	19.99%

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