Hong Leong Finance Limited (SGX:S41)

Hong Leong Finance Income Statement

Financials in millions SGD. 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	504.82	498.4	307.34	224.43	282.45
Interest Income on Investments	88.48	70.7	29.84	15.54	28.34
Total Interest Income	593.29	569.1	337.18	239.98	310.79
Interest Paid on Deposits	368.24	366.89	94.94	62.01	163.94
Net Interest Income	225.05	202.21	242.23	177.97	146.85
Net Interest Income Growth (YoY)	11.30%	-16.52%	36.11%	21.19%	-27.20%
Gain (Loss) on Sale of Assets	-	-0	-	-0	1.36
Other Non-Interest Income	8.23	10.1	16.51	11.45	10.59
Total Non-Interest Income	8.23	10.1	16.51	11.45	11.94
Non-Interest Income Growth (YoY)	-18.49%	-38.83%	44.16%	-4.12%	-14.92%
Revenues Before Loan Losses	233.28	212.31	258.74	189.42	158.79
Provision for Loan Losses	-0.28	-4.63	2.75	0.06	7.73
Revenue	233.57	216.93	255.99	189.36	151.06
Revenue Growth (YoY)	7.67%	-15.26%	35.19%	25.35%	-29.47%
Salaries and Employee Benefits	81.16	80.08	73.06	64.09	54.36
Occupancy Expenses	8.5	7.56	7.94	8.01	7.92
Selling, General & Administrative	0.54	0.5	0.39	0.48	0.39
Other Non-Interest Expense	18.61	16.77	17.48	14.84	13.37
Total Non-Interest Expense	108.8	104.91	98.88	87.41	76.04
EBT Excluding Unusual Items	124.76	112.03	157.11	101.94	75.02
Other Unusual Items	-	-	-	-	-0.3
Pretax Income	124.76	112.03	157.11	101.94	74.72
Income Tax Expense	20.68	18.66	26.23	17.12	10.81
Net Income	104.08	93.37	130.88	84.82	63.91
Net Income to Common	104.08	93.37	130.88	84.82	63.91
Net Income Growth	11.47%	-28.66%	54.30%	32.72%	-38.00%
Basic Shares Outstanding	449	448	448	448	448
Diluted Shares Outstanding	449	449	448	448	448
Shares Change (YoY)	0.02%	0.09%	0.10%	0.05%	0.09%
EPS (Basic)	0.23	0.21	0.29	0.19	0.14
EPS (Diluted)	0.23	0.21	0.29	0.19	0.14
EPS Growth	11.44%	-28.71%	54.12%	32.63%	-38.05%
Dividend Per Share	0.138	0.125	0.170	0.120	0.090
Dividend Growth	10.00%	-26.47%	41.67%	33.33%	-40.00%
Effective Tax Rate	16.58%	16.65%	16.70%	16.80%	14.47%

Updated Feb 21, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.