Bank of Commerce (PSE: BNCOM)

Bank of Commerce Balance Sheet

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
Cash & Equivalents	11,236	6,694	7,619	7,120	9,680	6,585
Investment Securities	57,063	82,006	73,229	64,587	41,324	34,332
Trading Asset Securities	4,149	208.29	36.19	503.72	663.02	282.89
Total Investments	61,211	82,214	73,265	65,090	41,987	34,615
Gross Loans	126,118	109,453	105,583	75,485	73,121	74,511
Allowance for Loan Losses	-3,232	-3,020	-3,461	-3,543	-4,232	-3,474
Other Adjustments to Gross Loans	-54.17	-45.39	-43.15	-37.31	-22.78	-22.91
Net Loans	122,832	106,388	102,080	71,904	68,866	71,014
Property, Plant & Equipment	1,971	1,791	1,425	1,472	1,659	1,741
Other Intangible Assets	-	369.41	296.25	268.42	273.04	302.79
Investments in Real Estate	3,886	3,676	3,400	3,448	3,625	3,730
Accrued Interest Receivable	1,500	1,443	1,280	974.48	888.47	816.63
Other Receivables	1,328	1,444	1,440	1,204	1,582	1,620
Restricted Cash	26,676	24,272	23,675	45,367	39,547	21,955
Other Current Assets	-	2,190	1,822	1,585	1,299	1,198
Long-Term Deferred Tax Assets	448.63	475.33	612.09	743.51	955.38	880.3
Other Real Estate Owned & Foreclosed	-	73.49	43.13	20.42	51.04	140.44
Other Long-Term Assets	3,963	637.52	560.26	514.43	505.97	434.37
Total Assets	235,051	231,668	217,518	199,713	170,921	145,033
Accounts Payable	-	1,431	1,196	757.59	874.6	978.47
Accrued Expenses	-	670.45	600.43	592.72	555.02	430.11
Interest Bearing Deposits	183,531	180,876	171,238	166,684	144,076	123,856
Total Deposits	183,531	180,876	171,238	166,684	144,076	123,856
Short-Term Borrowings	1.54	6.2	0.28	-	0.02	0.11
Current Portion of Leases	-	-	-	-	-	0.4
Current Income Taxes Payable	-	112.89	107.08	133.57	73.08	99.12
Accrued Interest Payable	1,187	345.5	208.62	53.48	51.64	150.52
Other Current Liabilities	2,412	2,991	2,056	1,411	1,575	1,776
Long-Term Debt	11,554	12,508	12,472	5,029	5,029	-
Long-Term Leases	-	593.36	490.91	538.4	682	645.6
Pension & Post-Retirement Benefits	-	126.14	-	158.55	392.54	315.12
Other Long-Term Liabilities	3,604	1,156	1,119	990.5	844.23	687.11
Total Liabilities	202,290	200,817	189,487	176,350	154,154	128,938
Preferred Stock, Convertible	4,167	4,167	4,167	4,167	-	-
Common Stock	14,030	14,030	14,030	11,224	11,224	11,224
Additional Paid-In Capital	7,229	7,229	7,229	6,777	5,594	5,594
Retained Earnings	6,699	5,123	2,425	852.47	157.73	-615.91
Comprehensive Income & Other	635.89	301.81	179.26	342.79	-209.45	-107.29
Total Common Equity	28,594	26,685	23,864	19,196	16,766	16,095
Shareholders' Equity	32,761	30,851	28,031	23,363	16,766	16,095
Total Liabilities & Equity	235,051	231,668	217,518	199,713	170,921	145,033
Total Debt	11,556	13,107	12,963	5,568	5,711	646.1
Net Cash (Debt)	4,829	11,769	9,231	17,857	20,451	15,513
Net Cash Growth	-57.81%	27.49%	-48.30%	-12.69%	31.83%	-13.27%
Net Cash Per Share	2.65	6.47	5.27	13.78	18.22	13.82
Filing Date Shares Outstanding	1,403	1,403	1,403	1,403	1,122	1,122
Total Common Shares Outstanding	1,403	1,403	1,403	1,122	1,122	1,122
Book Value Per Share	20.38	19.02	17.01	17.10	14.94	14.34
Tangible Book Value	28,594	26,315	23,568	18,928	16,493	15,792
Tangible Book Value Per Share	20.38	18.76	16.80	16.86	14.69	14.07

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