Bank of China Limited (BACHF)

Bank of China Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,052,466	1,071,539	1,048,851	880,848	789,488	760,070
Interest Paid on Deposits	608,517	622,605	582,306	421,582	364,346	344,152
Net Interest Income	443,949	448,934	466,545	459,266	425,142	415,918
Net Interest Income Growth (YoY)	-3.89%	-3.77%	1.58%	8.03%	2.22%	6.63%
Income From Trading Activities	41,866	36,491	28,723	7,221	28,291	8,055
Gain (Loss) on Sale of Assets	2,737	2,737	1,671	979	1,968	1,596
Gain (Loss) on Sale of Investments	12,627	11,399	806	2,083	3,197	9,547
Other Non-Interest Income	136,415	134,160	127,025	116,919	147,546	134,036
Total Non-Interest Income	193,645	184,787	158,225	127,202	181,002	153,234
Non-Interest Income Growth (YoY)	22.82%	16.79%	24.39%	-29.72%	18.12%	-3.91%
Revenues Before Loan Losses	637,594	633,721	624,770	586,468	606,144	569,152
Provision for Loan Losses	99,783	102,463	106,494	97,993	103,079	118,392
Revenue	537,811	531,258	518,276	488,475	503,065	450,760
Revenue Growth (YoY)	5.20%	2.50%	6.10%	-2.90%	11.60%	0.76%
Salaries and Employee Benefits	113,424	113,424	107,872	101,004	99,317	89,334
Occupancy Expenses	23,601	23,601	24,853	23,579	23,882	22,871
Selling, General & Administrative	44,237	44,237	44,778	44,730	47,403	38,944
Other Non-Interest Expense	59,978	54,668	45,434	30,206	55,831	51,262
Total Non-Interest Expense	240,356	235,255	221,972	198,874	224,955	202,253
EBT Excluding Unusual Items	297,455	296,003	296,304	289,601	278,110	248,507
Asset Writedown	-1,049	-1,049	-696	-5,960	-1,490	-2,129
Pretax Income	296,406	294,954	295,608	283,641	276,620	246,378
Income Tax Expense	45,016	42,235	49,237	46,916	49,281	41,282
Earnings From Continuing Operations	251,390	252,719	246,371	236,725	227,339	205,096
Minority Interest in Earnings	-15,174	-14,878	-14,467	-10,203	-10,780	-12,226
Net Income	236,216	237,841	231,904	226,522	216,559	192,870
Preferred Dividends & Other Adjustments	16,300	16,300	15,296	13,419	10,651	12,029
Net Income to Common	219,916	221,541	216,608	213,103	205,908	180,841
Net Income Growth	2.60%	2.56%	2.38%	4.60%	12.28%	2.92%
Basic Shares Outstanding	292,131	294,388	294,388	294,388	294,379	294,381
Diluted Shares Outstanding	292,131	294,388	294,388	294,388	294,379	294,381
Shares Change (YoY)	-1.40%	-	-	0.00%	-0.00%	0.00%
EPS (Basic)	0.75	0.75	0.74	0.72	0.70	0.61
EPS (Diluted)	0.75	0.75	0.74	0.72	0.70	0.61
EPS Growth	3.42%	1.93%	2.19%	2.94%	14.67%	-
Dividend Per Share	0.242	0.242	0.236	0.232	0.221	0.197
Dividend Growth	2.54%	2.54%	1.90%	4.98%	12.18%	3.14%
Effective Tax Rate	15.19%	14.32%	16.66%	16.54%	17.82%	16.76%

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.