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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	244,674	209,337	135,178	74,359	77,121	72,922
Interest Income on Investments	743.35	657.87	328.56	161.29	191.83	101.8
Total Interest Income	245,417	209,995	135,506	74,520	77,313	73,023
Interest Paid on Deposits	172,669	136,139	93,512	44,200	47,698	54,954
Net Interest Income	72,748	73,855	41,994	30,320	29,616	18,069
Net Interest Income Growth (YoY)	9.09%	75.87%	38.50%	2.38%	63.90%	7.83%
Gain (Loss) on Sale of Assets	75	75	143.45	278.18	34.71	31.49
Gain (Loss) on Sale of Investments	1,596	-5.27	-63.64	102.03	-44.34	-1,167
Other Non-Interest Income	17,151	14,694	13,152	10,692	9,535	8,444
Total Non-Interest Income	18,822	14,764	13,232	11,072	9,525	7,309
Non-Interest Income Growth (YoY)	43.74%	11.58%	19.50%	16.24%	30.33%	21.88%
Revenues Before Loan Losses	91,570	88,619	55,226	41,392	39,141	25,378
Provision for Loan Losses	4,854	5,102	3,760	2,052	3,621	419.55
Revenue	86,716	83,517	51,466	39,340	35,520	24,958
Revenue Growth (YoY)	15.61%	62.28%	30.82%	10.75%	42.32%	11.56%
Salaries and Employee Benefits	1,099	1,123	601.26	323.46	463.45	245.64
Selling, General & Administrative	2,271	2,271	1,639	1,070	848.25	650.05
Other Non-Interest Expense	30,080	27,000	20,757	15,959	13,782	12,434
Total Non-Interest Expense	33,450	30,393	22,997	17,352	15,093	13,329
EBT Excluding Unusual Items	53,267	53,124	28,469	21,988	20,427	11,629
Other Unusual Items	-	-	-	-	-40.53	-
Pretax Income	53,267	53,124	28,469	21,988	20,386	11,629
Income Tax Expense	28,143	27,888	13,545	8,126	8,051	4,667
Earnings From Continuing Operations	25,123	25,236	14,924	13,862	12,335	6,962
Minority Interest in Earnings	-773.82	-679.39	-550.62	-344.56	-282.38	-316.23
Net Income	24,350	24,557	14,374	13,518	12,053	6,646
Net Income to Common	24,350	24,557	14,374	13,518	12,053	6,646
Net Income Growth	4.36%	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)	0.01%	-	-	-	-	-
EPS (Basic)	23.24	23.44	13.72	12.90	11.50	6.34
EPS (Diluted)	23.24	23.44	13.72	12.90	11.50	6.34
EPS Growth	4.35%	70.84%	6.33%	12.15%	81.37%	7.54%
Dividend Per Share	13.000	10.500	5.250	5.000	4.500	2.500
Dividend Growth	57.58%	100.00%	5.00%	11.11%	80.00%	25.00%
Effective Tax Rate	52.83%	52.50%	47.58%	36.96%	39.49%	40.13%

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