HSBC Bank Malta p.l.c. (MSE:HSB)

HSBC Bank Malta p.l.c. Income Statement

Financials in millions EUR. 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	192.53	195.86	113.95	103.59	109.06
Interest Income on Investments	39.55	18.02	2.69	2.12	4.58
Total Interest Income	232.09	213.88	116.64	105.71	113.63
Interest Paid on Deposits	26	18.06	8.4	7.95	7.7
Net Interest Income	206.09	195.81	108.24	97.76	105.94
Net Interest Income Growth (YoY)	5.25%	80.90%	10.72%	-7.72%	-3.82%
Income From Trading Activities	9.65	7.62	7.69	5.53	8.52
Gain (Loss) on Sale of Assets	-0.26	-0.14	0.44	0.52	-0.95
Other Non-Interest Income	37.12	28.38	29.43	27.48	20.53
Total Non-Interest Income	46.51	35.86	37.56	33.54	28.09
Non-Interest Income Growth (YoY)	29.71%	-4.52%	11.99%	19.40%	-32.55%
Revenues Before Loan Losses	252.6	231.67	145.8	131.29	134.02
Provision for Loan Losses	-14.64	-4.58	-9.56	-1	25.59
Revenue	267.24	236.25	155.36	132.29	108.43
Revenue Growth (YoY)	13.12%	52.07%	17.44%	22.00%	-28.38%
Salaries and Employee Benefits	42.32	43.01	40.64	39.32	43.17
Occupancy Expenses	3.23	3.17	3.3	3.68	3.85
Amortization of Goodwill & Intangibles	6.77	5.24	4.85	3.88	2.75
Selling, General & Administrative	61.47	51.32	51.94	55.85	47.04
Total Non-Interest Expense	113.79	102.74	100.73	102.72	96.81
EBT Excluding Unusual Items	153.45	133.51	54.63	29.57	11.63
Asset Writedown	-	-	-	-	-0.6
Legal Settlements	0.73	-0.48	-0.9	0.09	-0.21
Pretax Income	154.49	133.85	55.59	26.88	10.44
Income Tax Expense	54.39	47.1	19.41	9.13	2.87
Net Income	100.11	86.76	36.18	17.76	7.57
Net Income to Common	100.11	86.76	36.18	17.76	7.57
Net Income Growth	15.39%	139.78%	103.78%	134.48%	-62.46%
Basic Shares Outstanding	360	360	360	360	360
Diluted Shares Outstanding	360	360	360	360	360
EPS (Basic)	0.28	0.24	0.10	0.05	0.02
EPS (Diluted)	0.28	0.24	0.10	0.05	0.02
EPS Growth	15.39%	139.78%	103.79%	134.48%	-62.46%
Dividend Per Share	0.220	0.150	0.056	0.030	0.012
Dividend Growth	46.67%	167.38%	87.00%	158.62%	-31.76%
Effective Tax Rate	35.20%	35.19%	34.91%	33.95%	27.49%

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