BOC Hong Kong (Holdings) Limited (BHKLY)

BOC Hong Kong (Holdings) Income Statement

Financials in millions HKD. 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	130,440	121,459	60,954	39,482	48,755	65,150
Interest Income on Investments	11,688	7,030	2,816	816	1,173	2,634
Total Interest Income	142,128	128,489	63,770	40,298	49,928	67,784
Interest Paid on Deposits	88,276	77,411	25,020	8,357	15,190	27,261
Net Interest Income	53,852	51,078	38,750	31,941	34,738	40,523
Net Interest Income Growth (YoY)	15.47%	31.81%	21.32%	-8.05%	-14.28%	2.59%
Income From Trading Activities	9,547	8,315	12,839	5,091	5,174	4,800
Gain (Loss) on Sale of Assets	-3	-5	-1	-3	-4	-7
Gain (Loss) on Sale of Investments	-2,918	-1,126	-3,564	1,582	4,728	1,286
Other Non-Interest Income	9,515	7,231	6,190	10,368	9,834	11,835
Total Non-Interest Income	16,141	14,415	15,464	17,038	19,732	17,914
Non-Interest Income Growth (YoY)	23.58%	-6.78%	-9.24%	-13.65%	10.15%	19.20%
Revenues Before Loan Losses	69,993	65,493	54,214	48,979	54,470	58,437
Provision for Loan Losses	7,245	6,333	2,348	2,145	2,707	2,022
Revenue	62,748	59,160	51,866	46,834	51,763	56,415
Revenue Growth (YoY)	8.40%	14.06%	10.74%	-9.52%	-8.25%	5.87%
Salaries and Employee Benefits	10,998	10,725	9,946	9,542	9,461	9,364
Occupancy Expenses	4,343	4,313	4,274	4,271	4,275	4,423
Selling, General & Administrative	32	32	39	34	43	38
Other Non-Interest Expense	1,503	1,537	2,691	2,560	2,568	2,842
Total Non-Interest Expense	17,081	16,846	17,289	16,620	16,499	16,615
EBT Excluding Unusual Items	45,667	42,314	34,577	30,214	35,264	39,800
Asset Writedown	-1,560	-1,400	-1,415	-246	-1,681	288
Pretax Income	44,107	40,914	33,162	29,968	33,583	40,088
Income Tax Expense	6,869	6,057	5,932	4,969	5,115	6,014
Earnings From Continuing Operations	37,238	34,857	27,230	24,999	28,468	34,074
Minority Interest in Earnings	-777	-742	100	-651	-605	-500
Net Income	36,461	34,115	27,330	24,348	27,863	33,574
Preferred Dividends & Other Adjustments	696	1,392	1,390	1,378	1,376	1,390
Net Income to Common	35,765	32,723	25,940	22,970	26,487	32,184
Net Income Growth	14.99%	24.83%	12.25%	-12.62%	-17.01%	4.69%
Basic Shares Outstanding	10,573	10,573	10,573	10,573	10,573	10,573
Diluted Shares Outstanding	10,573	10,573	10,573	10,573	10,573	10,573
EPS (Basic)	3.38	3.10	2.45	2.17	2.51	3.04
EPS (Diluted)	3.38	3.10	2.45	2.17	2.51	3.04
EPS Growth	17.97%	26.15%	12.93%	-13.28%	-17.70%	0.36%
Dividend Per Share	1.715	1.672	1.357	1.130	1.242	1.537
Dividend Growth	19.35%	23.21%	20.09%	-9.02%	-19.19%	4.70%
Effective Tax Rate	15.57%	14.80%	17.89%	16.58%	15.23%	15.00%

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