Habib Bank Limited (PSX: HBL)

Habib Bank Income Statement

Financials in millions PKR. 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	827,828	712,345	436,101	262,254	271,237	258,114
Interest Income on Investments	3,026	2,301	1,509	913.77	489.3	586.35
Total Interest Income	830,854	714,646	437,610	263,168	271,727	258,700
Interest Paid on Deposits	578,266	470,212	270,538	130,835	141,133	156,791
Net Interest Income	252,588	244,434	167,071	132,333	130,594	101,910
Net Interest Income Growth (YoY)	9.90%	46.31%	26.25%	1.33%	28.15%	23.29%
Gain (Loss) on Sale of Assets	32.93	48.68	42.02	97.56	89.08	266.81
Gain (Loss) on Sale of Investments	7,819	4,677	866.18	1,024	7,055	-2,657
Gain (Loss) on Sale of Equity Investments	5,070	4,423	3,028	2,586	2,963	3,484
Other Non-Interest Income	64,016	46,001	41,286	31,578	20,087	22,247
Total Non-Interest Income	76,938	55,150	45,223	35,286	30,194	23,340
Non-Interest Income Growth (YoY)	64.18%	21.95%	28.16%	16.86%	29.36%	23.43%
Revenues Before Loan Losses	329,526	299,584	212,294	167,619	160,787	125,250
Provision for Loan Losses	24,866	13,266	8,482	8,087	12,220	3,314
Revenue	304,660	286,318	203,813	159,532	148,568	121,936
Revenue Growth (YoY)	15.24%	40.48%	27.76%	7.38%	21.84%	26.28%
Salaries and Employee Benefits	2,337	2,282	1,499	1,273	1,110	573.49
Selling, General & Administrative	16,044	13,175	10,047	8,273	6,737	6,861
Other Non-Interest Expense	170,380	157,310	115,237	88,069	87,153	85,855
Total Non-Interest Expense	188,760	172,767	126,783	97,615	95,000	93,290
EBT Excluding Unusual Items	115,900	113,551	77,030	61,916	53,568	28,646
Asset Writedown	-	-	-	-	158.71	-
Other Unusual Items	-	-	-	111.71	1,191	52.78
Pretax Income	115,900	113,551	77,030	62,028	53,031	28,881
Income Tax Expense	57,859	55,794	42,632	26,521	22,117	13,381
Earnings From Continuing Operations	58,041	57,757	34,398	35,507	30,913	15,500
Minority Interest in Earnings	850.4	-81.38	-328.24	-485.02	-21.08	-167
Net Income	58,891	57,676	34,070	35,022	30,892	15,333
Net Income to Common	58,891	57,676	34,070	35,022	30,892	15,333
Net Income Growth	10.08%	69.29%	-2.72%	13.37%	101.48%	27.18%
Basic Shares Outstanding	1,467	1,467	1,467	1,467	1,467	1,467
Diluted Shares Outstanding	1,467	1,467	1,467	1,467	1,467	1,467
EPS (Basic)	40.15	39.32	23.23	23.88	21.06	10.45
EPS (Diluted)	40.15	39.32	23.23	23.88	21.06	10.45
EPS Growth	10.08%	69.29%	-2.72%	13.37%	101.48%	27.18%
Dividend Per Share	16.000	9.750	6.750	7.500	4.250	5.000
Dividend Growth	120.69%	44.44%	-10.00%	76.47%	-15.00%	17.65%
Effective Tax Rate	49.92%	49.14%	55.34%	42.76%	41.71%	46.33%

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