China Banking Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Interest Income on Loans	58,264	51,691	39,553	34,700	35,685	36,051	Upgrade
Interest Income on Investments	31,632	27,677	17,658	11,796	12,002	11,634	Upgrade
Total Interest Income	89,896	79,368	57,211	46,496	47,686	47,685	Upgrade
Interest Paid on Deposits	25,016	21,741	8,824	5,112	9,637	18,567	Upgrade
Interest Paid on Borrowings	4,071	4,100	2,797	2,300	3,658	3,066	Upgrade
Total Interest Expense	29,087	25,840	11,622	7,411	13,295	21,634	Upgrade
Net Interest Income	60,809	53,528	45,590	39,085	34,391	26,051	Upgrade
Net Interest Income Growth (YoY)	19.16%	17.41%	16.64%	13.65%	32.01%	13.63%	Upgrade
Trust Income	644.48	585.92	473.83	450.97	409.92	357.08	Upgrade
Income From Trading Activities	-4,481	1,129	927.54	-64.01	3,234	884.48	Upgrade
Gain (Loss) on Sale of Assets	443.06	602.84	698.8	388.3	188.43	865.82	Upgrade
Gain (Loss) on Sale of Investments	-0.4	0.08	1.92	4,064	2,187	1,382	Upgrade
Gain (Loss) on Sale of Equity Investments	488.48	435.08	285.06	-1.61	152.44	184.66	Upgrade
Other Non-Interest Income	1,447	-2,609	7,530	4,665	3,314	4,709	Upgrade
Total Non-Interest Income	-941.16	563.65	10,063	9,590	9,462	8,431	Upgrade
Non-Interest Income Growth (YoY)	-	-94.40%	4.93%	1.35%	12.24%	49.00%	Upgrade
Revenues Before Loan Losses	59,868	54,091	55,652	48,675	43,854	34,482	Upgrade
Provision for Loan Losses	1,439	1,246	9,013	8,877	8,869	2,570	Upgrade
Revenue	58,429	52,845	46,640	39,798	34,985	31,912	Upgrade
Revenue Growth (YoY)	14.99%	13.31%	17.19%	13.76%	9.63%	12.19%	Upgrade
Salaries and Employee Benefits	9,437	8,969	8,145	7,505	7,527	6,623	Upgrade
Occupancy Expenses	2,260	2,006	1,737	1,787	1,895	1,943	Upgrade
Selling, General & Administrative	5,143	4,765	4,438	4,200	3,559	3,676	Upgrade
Other Non-Interest Expense	11,669	10,972	9,703	8,581	8,419	7,840	Upgrade
Total Non-Interest Expense	28,509	26,712	24,022	22,074	21,400	20,081	Upgrade
EBT Excluding Unusual Items	29,920	26,133	22,617	17,725	13,584	11,831	Upgrade
Legal Settlements	-325.19	-325.19	-332.03	-261.28	-121.72	-243.12	Upgrade
Pretax Income	29,595	25,808	22,285	17,463	13,463	11,588	Upgrade
Income Tax Expense	5,408	3,790	3,150	2,357	1,391	1,513	Upgrade
Earnings From Continuing Operations	24,187	22,018	19,136	15,106	12,071	10,075	Upgrade
Minority Interest in Earnings	11.35	-7.43	-28.3	-17.89	-8.81	-6.01	Upgrade
Net Income	24,198	22,011	19,108	15,088	12,063	10,069	Upgrade
Net Income to Common	24,198	22,011	19,108	15,088	12,063	10,069	Upgrade
Net Income Growth	17.42%	15.19%	26.64%	25.08%	19.80%	24.15%	Upgrade
Basic Shares Outstanding	2,691	2,691	2,691	2,688	2,686	2,686	Upgrade
Diluted Shares Outstanding	2,691	2,691	2,691	2,688	2,686	2,686	Upgrade
Shares Change (YoY)	0.00%	0.00%	0.13%	0.07%	-	0.00%	Upgrade
EPS (Basic)	8.99	8.18	7.10	5.61	4.49	3.75	Upgrade
EPS (Diluted)	8.99	8.18	7.10	5.61	4.49	3.75	Upgrade
EPS Growth	17.39%	15.19%	26.47%	25.00%	19.80%	24.15%	Upgrade
Dividend Per Share	1.200	1.200	1.000	1.000	1.000	1.000	Upgrade
Dividend Growth	20.00%	20.00%	0%	0%	0%	13.64%	Upgrade
Effective Tax Rate	18.27%	14.68%	14.13%	13.50%	10.33%	13.05%	Upgrade

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