DBS Group Holdings Ltd (SGX: D05)

DBS Group Holdings Income Statement

Financials in millions SGD. 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	-	27,862	15,927	10,185	12,208	15,592
Interest Paid on Deposits	-	14,220	4,986	1,745	3,132	5,967
Net Interest Income	14,130	13,642	10,941	8,440	9,076	9,625
Net Interest Income Growth (YoY)	4.76%	24.69%	29.63%	-7.01%	-5.70%	7.48%
Income From Trading Activities	2,866	2,866	2,313	1,791	1,405	1,459
Gain (Loss) on Sale of Assets	2	2	3	17	8	1
Gain (Loss) on Sale of Investments	89	89	-46	140	428	143
Gain (Loss) on Sale of Equity Investments	-	-	-	-	61	50
Other Non-Interest Income	4,676	3,545	3,291	3,800	3,614	3,266
Total Non-Interest Income	7,633	6,502	5,561	5,748	5,516	4,919
Non-Interest Income Growth (YoY)	21.64%	16.92%	-3.25%	4.21%	12.14%	16.34%
Revenues Before Loan Losses	21,763	20,144	16,502	14,188	14,592	14,544
Provision for Loan Losses	555	590	237	52	3,066	703
Revenue	21,208	19,554	16,265	14,136	11,526	13,841
Revenue Growth (YoY)	9.56%	20.22%	15.06%	22.64%	-16.73%	10.97%
Salaries and Employee Benefits	5,320	4,861	4,250	3,745	3,419	3,394
Amortization of Goodwill & Intangibles	27	9	-	-	-	-
Selling, General & Administrative	402	402	318	341	381	368
Other Non-Interest Expense	2,980	2,790	2,514	2,379	2,358	2,496
Total Non-Interest Expense	8,505	7,851	6,883	6,256	6,158	6,258
EBT Excluding Unusual Items	12,703	11,703	9,382	7,880	5,368	7,583
Other Unusual Items	-217	-217	-	-100	-	-
Pretax Income	12,486	11,486	9,382	7,780	5,368	7,583
Income Tax Expense	1,530	1,423	1,188	973	612	1,154
Earnings From Continuing Operations	10,956	10,063	8,194	6,807	4,756	6,429
Minority Interest in Earnings	-1	-1	-1	-2	-35	-38
Net Income	10,955	10,062	8,193	6,805	4,721	6,391
Preferred Dividends & Other Adjustments	84	84	85	109	115	92
Net Income to Common	10,871	9,978	8,108	6,696	4,606	6,299
Net Income Growth	7.05%	22.81%	20.40%	44.14%	-26.13%	14.60%
Basic Shares Outstanding	2,844	2,836	2,830	2,819	2,798	2,811
Diluted Shares Outstanding	2,844	2,836	2,830	2,819	2,798	2,811
Shares Change (YoY)	-	0.21%	0.41%	0.75%	-0.48%	-0.15%
EPS (Basic)	3.82	3.52	2.86	2.38	1.65	2.24
EPS (Diluted)	3.82	3.52	2.86	2.38	1.65	2.24
EPS Growth	-	22.80%	20.59%	44.29%	-26.52%	14.89%
Dividend Per Share	2.109	1.746	1.364	1.091	0.791	1.118
Dividend Growth	28.89%	28.01%	25.00%	37.93%	-29.27%	2.50%
Effective Tax Rate	12.25%	12.39%	12.66%	12.51%	11.40%	15.22%

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