Bank of Commerce (PSE: BNCOM)

Bank of Commerce Income Statement

Financials in millions PHP. 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	9,872	9,120	6,004	4,601	5,078	5,236
Interest Income on Investments	3,223	2,642	1,961	1,494	1,202	1,297
Total Interest Income	13,095	11,763	7,966	6,095	6,280	6,532
Interest Paid on Deposits	3,532	2,971	1,034	645.26	1,128	2,346
Interest Paid on Borrowings	584.19	494.9	249	51.72	44.03	50.22
Total Interest Expense	4,116	3,466	1,283	696.99	1,172	2,396
Net Interest Income	8,979	8,296	6,682	5,398	5,108	4,136
Net Interest Income Growth (YoY)	13.03%	24.16%	23.79%	5.67%	23.52%	11.80%
Income From Trading Activities	135.22	-	-	-	-	-
Gain (Loss) on Sale of Investments	10.6	10.6	-29.22	-78.71	1,148	355.69
Other Non-Interest Income	1,187	1,173	1,123	630.06	558.93	1,005
Total Non-Interest Income	1,740	1,679	1,434	826.34	1,765	1,697
Non-Interest Income Growth (YoY)	5.67%	17.04%	73.58%	-53.19%	4.02%	163.58%
Revenues Before Loan Losses	10,719	9,975	8,117	6,225	6,874	5,833
Provision for Loan Losses	55.92	78.84	166.21	-634.82	962.51	52.1
Revenue	10,663	9,896	7,950	6,859	5,911	5,781
Revenue Growth (YoY)	16.85%	24.48%	15.91%	16.04%	2.25%	27.77%
Salaries and Employee Benefits	2,581	2,258	1,905	1,821	1,819	1,685
Occupancy Expenses	1,267	1,137	1,063	994.82	1,044	986.22
Amortization of Goodwill & Intangibles	83.72	76.74	73.07	53.6	45.91	34.14
Selling, General & Administrative	437.65	445.04	364.76	340.26	334.6	332.37
Other Non-Interest Expense	2,391	2,214	2,062	1,808	1,619	1,612
Total Non-Interest Expense	6,761	6,132	5,468	5,019	4,864	4,652
EBT Excluding Unusual Items	3,902	3,764	2,483	1,840	1,047	1,128
Legal Settlements	-27.98	-27.98	-16.39	-10.17	-5.42	-11.39
Pretax Income	3,874	3,736	2,466	1,830	1,042	1,117
Income Tax Expense	870.81	933.89	666.36	623.69	257.12	464.19
Net Income	3,003	2,802	1,800	1,207	784.43	652.72
Preferred Dividends & Other Adjustments	229.17	187.92	148.96	57.29	-	-
Net Income to Common	2,774	2,614	1,651	1,149	784.43	652.72
Net Income Growth	29.28%	55.67%	49.18%	53.82%	20.18%	-
Basic Shares Outstanding	1,403	1,403	1,335	1,122	1,122	1,122
Diluted Shares Outstanding	1,820	1,820	1,751	1,296	1,122	1,122
Shares Change (YoY)	-0.01%	3.91%	35.13%	15.47%	-	35.68%
EPS (Basic)	1.98	1.86	1.24	1.02	0.70	0.58
EPS (Diluted)	1.65	1.54	1.03	0.93	0.70	0.58
EPS Growth	29.30%	49.82%	10.40%	33.22%	20.50%	-
Dividend Per Share	0.251	0.251	-	-	-	-
Effective Tax Rate	22.48%	25.00%	27.02%	34.08%	24.69%	41.56%

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