AFFIN Bank Berhad (KLSE: AFFIN)

AFFIN Bank Berhad Income Statement

Financials in millions MYR. 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	2,970	2,650	2,053	1,676	1,807	2,232
Interest Paid on Deposits	2,192	1,867	1,031	775.65	1,035	1,489
Net Interest Income	777.94	782.88	1,023	899.93	772.14	743.12
Net Interest Income Growth (YoY)	-10.89%	-23.44%	13.63%	16.55%	3.91%	-12.10%
Gain (Loss) on Sale of Assets	1.19	1.04	0.41	0.01	0.02	-0.21
Gain (Loss) on Sale of Investments	95.91	90.45	17.4	65.37	-	230.84
Other Non-Interest Income	1,223	1,111	1,014	885.46	1,571	940.67
Total Non-Interest Income	1,320	1,203	1,032	950.84	1,571	1,171
Non-Interest Income Growth (YoY)	10.61%	16.55%	8.54%	-39.48%	34.14%	8.94%
Revenues Before Loan Losses	2,098	1,986	2,055	1,851	2,343	1,914
Provision for Loan Losses	-77.5	75.01	438.53	219.39	543.13	49.86
Revenue	2,176	1,911	1,616	1,631	1,800	1,865
Revenue Growth (YoY)	18.74%	18.23%	-0.94%	-9.38%	-3.45%	0.14%
Salaries and Employee Benefits	989.43	883.42	834.75	741.92	881.4	789.65
Occupancy Expenses	311.66	235.28	192.08	144.38	152.94	132.85
Amortization of Goodwill & Intangibles	20.72	21.65	23.33	26.28	38.11	32.7
Selling, General & Administrative	211.93	199.12	201.72	186.65	245.13	214.52
Other Non-Interest Expense	84.36	80.99	66.25	40.55	48.81	40.58
Total Non-Interest Expense	1,601	1,387	1,312	1,097	1,327	1,182
EBT Excluding Unusual Items	574.43	523.85	304.53	534.8	472.94	682.61
Asset Writedown	-2.78	-0	-0.13	-0.15	-0.31	-0.11
Other Unusual Items	-	-	-	-5.6	-78.45	-
Pretax Income	569.89	522.89	239.39	528.82	394.18	682.5
Income Tax Expense	155.75	120.7	161.36	95.21	121.33	166.41
Earnings From Continuing Operations	414.14	402.19	78.03	433.61	272.85	516.09
Earnings From Discontinued Operations	-	-	1,125	146.72	-	-
Minority Interest in Earnings	-	-	-24.96	-53.39	-42.53	-28.33
Net Income	414.14	402.19	1,179	526.93	230.32	487.77
Net Income to Common	414.14	402.19	1,179	526.93	230.32	487.77
Net Income Growth	9.21%	-65.87%	123.66%	128.78%	-52.78%	-3.05%
Basic Shares Outstanding	2,363	2,308	2,167	2,111	2,015	1,984
Diluted Shares Outstanding	2,387	2,324	2,167	2,111	2,088	2,045
Shares Change (YoY)	4.40%	7.22%	2.68%	1.09%	2.09%	2.99%
EPS (Basic)	0.18	0.17	0.54	0.25	0.11	0.25
EPS (Diluted)	0.17	0.17	0.54	0.25	0.11	0.24
EPS Growth	4.70%	-68.16%	117.83%	126.29%	-53.75%	-5.84%
Dividend Per Share	0.058	0.058	0.123	0.125	0.035	0.070
Dividend Growth	-25.87%	-53.17%	-1.60%	257.14%	-50.00%	40.00%
Effective Tax Rate	27.33%	23.08%	67.40%	18.00%	30.78%	24.38%

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