China Merchants Bank Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	347,251	351,351	374,271	375,610	353,380	327,056
Interest Paid on Deposits	122,321	135,758	162,994	160,941	135,145	123,137
Net Interest Income	224,930	215,593	211,277	214,669	218,235	203,919
Net Interest Income Growth	5.10%	2.04%	-1.58%	-1.63%	7.02%	10.21%
Gain (Loss) on Sale of Assets	742	742	249	168	282	113
Gain (Loss) on Sale of Investments	31,281	31,281	27,150	5,102	5,528	2,994
Gain (Loss) on Sale of Equity Investments	5,473	5,473	2,632	2,476	2,525	4,030
Other Non-Interest Income	86,700	84,127	95,551	116,708	118,213	120,197
Total Non-Interest Income	124,196	121,623	125,582	124,454	126,548	127,334
Non-Interest Income Growth	6.33%	-3.15%	0.91%	-1.65%	-0.62%	20.75%
Revenues Before Loan Losses	349,126	337,216	336,859	339,123	344,783	331,253
Provision for Loan Losses	48,010	39,586	39,976	41,278	56,751	65,962
Revenue	301,116	297,630	296,883	297,845	288,032	265,291
Revenue Growth	2.48%	0.25%	-0.32%	3.41%	8.57%	17.59%
Selling, General & Administrative	107,952	107,952	107,616	111,786	113,375	109,727
Other Non-Interest Expense	13,500	10,742	10,877	9,396	9,501	7,545
Total Non-Interest Expense	120,139	118,953	118,860	121,227	122,919	117,118
EBT Excluding Unusual Items	180,977	178,677	178,023	176,618	165,113	148,173
Other Unusual Items	316	316	629	-	-	-
Pretax Income	181,293	178,993	178,652	176,618	165,113	148,173
Income Tax Expense	27,552	27,867	29,093	28,612	25,819	27,339
Earnings From Continuing Operations	153,741	151,126	149,559	148,006	139,294	120,834
Minority Interest in Earnings	-856	-945	-1,168	-1,404	-1,282	-912
Net Income	152,885	150,181	148,391	146,602	138,012	119,922
Preferred Dividends & Other Adjustments	6,307	6,307	5,581	4,558	5,237	3,613
Net Income to Common	146,578	143,874	142,810	142,044	132,775	116,309
Net Income Growth	2.22%	0.74%	0.54%	6.98%	14.16%	21.55%
Basic Shares Outstanding	25,074	25,220	25,220	25,220	25,220	25,220
Diluted Shares Outstanding	25,074	25,220	25,220	25,220	25,220	25,220
Shares Change	-0.63%	-	-	-	-	-
EPS (Basic)	5.85	5.70	5.66	5.63	5.26	4.61
EPS (Diluted)	5.84	5.70	5.66	5.63	5.26	4.61
EPS Growth	2.83%	0.71%	0.53%	7.03%	14.10%	21.64%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	1.003	2.016	2.000	1.972	1.738	1.522
Dividend Growth	-66.71%	0.80%	1.42%	13.46%	14.19%	21.47%
Effective Tax Rate	15.20%	15.57%	16.29%	16.20%	15.64%	18.45%