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	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	209.42	195.86	113.95	103.59	109.06	112.67
Interest Income on Investments	26.75	18.02	2.69	2.12	4.58	7.93
Total Interest Income	236.17	213.88	116.64	105.71	113.63	120.6
Interest Paid on Deposits	23.4	18.06	8.4	7.95	7.7	10.46
Net Interest Income	212.77	195.81	108.24	97.76	105.94	110.14
Net Interest Income Growth (YoY)	40.27%	80.90%	10.72%	-7.72%	-3.82%	1.38%
Income From Trading Activities	8.79	7.62	7.69	5.53	8.52	7.19
Gain (Loss) on Sale of Assets	-0.14	-0.14	0.44	0.52	-0.95	0.33
Other Non-Interest Income	31.74	28.38	29.43	27.48	20.53	34.13
Total Non-Interest Income	40.38	35.86	37.56	33.54	28.09	41.64
Non-Interest Income Growth (YoY)	7.31%	-4.52%	11.99%	19.40%	-32.55%	0.68%
Revenues Before Loan Losses	253.15	231.67	145.8	131.29	134.02	151.78
Provision for Loan Losses	-9.01	-4.58	-9.56	-1	25.59	0.39
Revenue	262.16	236.25	155.36	132.29	108.43	151.39
Revenue Growth (YoY)	38.28%	52.07%	17.44%	22.00%	-28.38%	3.33%
Salaries and Employee Benefits	43.64	41.37	37.52	39.32	43.17	45.22
Occupancy Expenses	3.53	3.17	3.3	3.68	3.85	4.15
Amortization of Goodwill & Intangibles	6.09	5.24	4.85	3.88	2.75	1.78
Selling, General & Administrative	54.42	51.32	51.94	55.85	47.04	50.49
Total Non-Interest Expense	107.68	101.1	97.61	102.72	96.81	101.64
EBT Excluding Unusual Items	154.49	135.15	57.74	29.57	11.63	49.76
Asset Writedown	-	-	-	-	-0.6	-
Legal Settlements	-0.48	-0.48	-0.9	0.09	-0.21	-0.21
Pretax Income	153.19	133.85	55.59	26.88	10.44	30.71
Income Tax Expense	54.21	47.1	19.41	9.13	2.87	10.54
Net Income	98.98	86.76	36.18	17.76	7.57	20.17
Net Income to Common	98.98	86.76	36.18	17.76	7.57	20.17
Net Income Growth	56.86%	139.78%	103.78%	134.48%	-62.46%	-29.72%
Basic Shares Outstanding	366	360	360	360	360	360
Diluted Shares Outstanding	366	360	360	360	360	360
Shares Change (YoY)	7.15%	-	-	-	-	-
EPS (Basic)	0.27	0.24	0.10	0.05	0.02	0.06
EPS (Diluted)	0.27	0.24	0.10	0.05	0.02	0.06
EPS Growth	46.39%	139.78%	103.79%	134.48%	-62.46%	-29.72%
Dividend Per Share	0.190	0.150	0.056	0.030	0.012	0.017
Dividend Growth	63.65%	167.38%	87.00%	158.62%	-31.76%	-70.69%
Effective Tax Rate	35.39%	35.19%	34.91%	33.95%	27.49%	34.33%

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