Habib Metropolitan Bank Limited (PSX: HMB)

Habib Metropolitan 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	233,237	209,337	135,178	74,359	77,121	72,922
Interest Income on Investments	733.97	657.87	328.56	161.29	191.83	101.8
Total Interest Income	233,971	209,995	135,506	74,520	77,313	73,023
Interest Paid on Deposits	160,111	136,139	93,512	44,200	47,698	54,954
Net Interest Income	73,859	73,855	41,994	30,320	29,616	18,069
Net Interest Income Growth (YoY)	29.15%	75.87%	38.50%	2.38%	63.90%	7.83%
Gain (Loss) on Sale of Assets	91.95	75	143.45	278.18	34.71	31.49
Gain (Loss) on Sale of Investments	891.64	-5.27	-63.64	102.03	-44.34	-1,167
Other Non-Interest Income	15,170	14,694	13,152	10,692	9,535	8,444
Total Non-Interest Income	16,153	14,764	13,232	11,072	9,525	7,309
Non-Interest Income Growth (YoY)	17.96%	11.58%	19.50%	16.24%	30.33%	21.88%
Revenues Before Loan Losses	90,013	88,619	55,226	41,392	39,141	25,378
Provision for Loan Losses	4,924	5,102	3,760	2,052	3,621	419.55
Revenue	85,089	83,517	51,466	39,340	35,520	24,958
Revenue Growth (YoY)	29.05%	62.28%	30.82%	10.75%	42.32%	11.56%
Salaries and Employee Benefits	1,044	1,123	601.26	323.46	463.45	245.64
Selling, General & Administrative	2,478	2,271	1,639	1,070	848.25	650.05
Other Non-Interest Expense	28,559	27,000	20,757	15,959	13,782	12,434
Total Non-Interest Expense	32,081	30,393	22,997	17,352	15,093	13,329
EBT Excluding Unusual Items	53,008	53,124	28,469	21,988	20,427	11,629
Other Unusual Items	-	-	-	-	-40.53	-
Pretax Income	53,008	53,124	28,469	21,988	20,386	11,629
Income Tax Expense	27,974	27,888	13,545	8,126	8,051	4,667
Earnings From Continuing Operations	25,034	25,236	14,924	13,862	12,335	6,962
Minority Interest in Earnings	-714.53	-679.39	-550.62	-344.56	-282.38	-316.23
Net Income	24,319	24,557	14,374	13,518	12,053	6,646
Net Income to Common	24,319	24,557	14,374	13,518	12,053	6,646
Net Income Growth	23.96%	70.84%	6.33%	12.15%	81.37%	7.54%
Basic Shares Outstanding	1,048	1,048	1,048	1,048	1,048	1,048
Diluted Shares Outstanding	1,048	1,048	1,048	1,048	1,048	1,048
Shares Change (YoY)	-0.04%	-	-	-	-	-
EPS (Basic)	23.21	23.44	13.72	12.90	11.50	6.34
EPS (Diluted)	23.21	23.44	13.72	12.90	11.50	6.34
EPS Growth	24.01%	70.84%	6.33%	12.15%	81.37%	7.54%
Dividend Per Share	10.500	10.500	5.250	5.000	4.500	2.500
Dividend Growth	27.27%	100.00%	5.00%	11.11%	80.00%	25.00%
Effective Tax Rate	52.77%	52.50%	47.58%	36.96%	39.49%	40.13%

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