Habib Bank Limited (PSX:HBL)

Habib Bank Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	813,192	712,345	436,101	262,254	271,237
Interest Income on Investments	3,082	2,301	1,509	913.77	489.3
Total Interest Income	816,275	714,646	437,610	263,168	271,727
Interest Paid on Deposits	567,570	470,212	270,538	130,835	141,133
Net Interest Income	248,705	244,434	167,071	132,333	130,594
Net Interest Income Growth (YoY)	1.75%	46.31%	26.25%	1.33%	28.15%
Gain (Loss) on Sale of Assets	14,411	48.68	42.02	97.56	89.08
Gain (Loss) on Sale of Investments	10,463	4,677	866.18	1,024	7,055
Gain (Loss) on Sale of Equity Investments	4,763	4,423	3,028	2,586	2,963
Other Non-Interest Income	63,793	46,001	41,286	31,578	20,087
Total Non-Interest Income	93,430	55,150	45,223	35,286	30,194
Non-Interest Income Growth (YoY)	69.41%	21.95%	28.16%	16.86%	29.36%
Revenues Before Loan Losses	342,134	299,584	212,294	167,619	160,787
Provision for Loan Losses	26,604	13,266	8,482	8,087	12,220
Revenue	315,531	286,318	203,813	159,532	148,568
Revenue Growth (YoY)	10.20%	40.48%	27.76%	7.38%	21.84%
Salaries and Employee Benefits	2,365	2,282	1,499	1,273	1,110
Selling, General & Administrative	16,197	13,175	10,047	8,273	6,737
Other Non-Interest Expense	176,635	157,310	115,237	88,069	87,153
Total Non-Interest Expense	195,196	172,767	126,783	97,615	95,000
EBT Excluding Unusual Items	120,334	113,551	77,030	61,916	53,568
Asset Writedown	-	-	-	-	158.71
Other Unusual Items	-	-	-	111.71	1,191
Pretax Income	120,334	113,551	77,030	62,028	53,031
Income Tax Expense	62,530	55,794	42,632	26,521	22,117
Earnings From Continuing Operations	57,805	57,757	34,398	35,507	30,913
Minority Interest in Earnings	653.11	-81.38	-328.24	-485.02	-21.08
Net Income	58,458	57,676	34,070	35,022	30,892
Net Income to Common	58,458	57,676	34,070	35,022	30,892
Net Income Growth	1.36%	69.29%	-2.72%	13.37%	101.48%
Basic Shares Outstanding	1,467	1,467	1,467	1,467	1,467
Diluted Shares Outstanding	1,467	1,467	1,467	1,467	1,467
EPS (Basic)	39.85	39.32	23.23	23.88	21.06
EPS (Diluted)	39.85	39.32	23.23	23.88	21.06
EPS Growth	1.36%	69.29%	-2.72%	13.37%	101.48%
Dividend Per Share	16.250	9.750	6.750	7.500	4.250
Dividend Growth	66.67%	44.44%	-10.00%	76.47%	-15.00%
Effective Tax Rate	51.96%	49.14%	55.34%	42.76%	41.71%

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