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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	9,684	9,120	6,004	4,601	5,078	5,236
Interest Income on Investments	3,142	2,642	1,961	1,494	1,202	1,297
Total Interest Income	12,825	11,763	7,966	6,095	6,280	6,532
Interest Paid on Deposits	3,401	2,971	1,034	645.26	1,128	2,346
Interest Paid on Borrowings	547	494.9	249	51.72	44.03	50.22
Total Interest Expense	3,948	3,466	1,283	696.99	1,172	2,396
Net Interest Income	8,877	8,296	6,682	5,398	5,108	4,136
Net Interest Income Growth (YoY)	17.53%	24.16%	23.79%	5.67%	23.52%	11.80%
Income From Trading Activities	-23.86	-	-	-	-	-
Gain (Loss) on Sale of Investments	10.6	10.6	-29.22	-78.71	1,148	355.69
Other Non-Interest Income	1,089	1,173	1,123	630.06	558.93	1,005
Total Non-Interest Income	1,476	1,679	1,434	826.34	1,765	1,697
Non-Interest Income Growth (YoY)	-15.76%	17.04%	73.58%	-53.19%	4.02%	163.58%
Revenues Before Loan Losses	10,353	9,975	8,117	6,225	6,874	5,833
Provision for Loan Losses	192.49	78.84	166.21	-634.82	962.51	52.1
Revenue	10,161	9,896	7,950	6,859	5,911	5,781
Revenue Growth (YoY)	11.59%	24.48%	15.91%	16.04%	2.25%	27.77%
Salaries and Employee Benefits	2,552	2,258	1,905	1,821	1,819	1,685
Occupancy Expenses	1,244	1,137	1,063	994.82	1,044	986.22
Amortization of Goodwill & Intangibles	76.92	76.74	73.07	53.6	45.91	34.14
Selling, General & Administrative	433.99	445.04	364.76	340.26	334.6	332.37
Other Non-Interest Expense	2,343	2,214	2,062	1,808	1,619	1,612
Total Non-Interest Expense	6,650	6,132	5,468	5,019	4,864	4,652
EBT Excluding Unusual Items	3,511	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	3,483	3,736	2,466	1,830	1,042	1,117
Income Tax Expense	849.07	933.89	666.36	623.69	257.12	464.19
Net Income	2,633	2,802	1,800	1,207	784.43	652.72
Preferred Dividends & Other Adjustments	215.42	187.92	148.96	57.29	-	-
Net Income to Common	2,418	2,614	1,651	1,149	784.43	652.72
Net Income Growth	5.32%	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)	1.39%	3.91%	35.13%	15.47%	-	35.68%
EPS (Basic)	1.72	1.86	1.24	1.02	0.70	0.58
EPS (Diluted)	1.45	1.54	1.03	0.93	0.70	0.58
EPS Growth	3.87%	49.82%	10.40%	33.22%	20.50%	-
Dividend Per Share	0.251	0.251	-	-	-	-
Effective Tax Rate	24.38%	25.00%	27.02%	34.08%	24.69%	41.56%

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