Industrial Bank Co., Ltd. (SHA: 601166)

Industrial Bank Income Statement

Financials in millions CNY. 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	350,020	349,079	328,746	315,158	303,478	288,978
Interest Paid on Deposits	200,914	202,576	183,473	169,479	159,963	166,689
Net Interest Income	149,106	146,503	145,273	145,679	143,515	122,289
Net Interest Income Growth (YoY)	1.81%	0.85%	-0.28%	1.51%	17.36%	27.84%
Gain (Loss) on Sale of Assets	84	29	12	-6	3	36
Gain (Loss) on Sale of Investments	4,913	4,216	4,584	1,360	716	393
Gain (Loss) on Sale of Equity Investments	-32	18	190	213	154	205
Other Non-Interest Income	58,599	59,422	71,835	73,381	58,239	58,020
Total Non-Interest Income	63,564	63,685	76,621	74,948	59,112	58,654
Non-Interest Income Growth (YoY)	-3.52%	-16.88%	2.23%	26.79%	0.78%	-5.39%
Revenues Before Loan Losses	212,670	210,188	221,894	220,627	202,627	180,943
Provision for Loan Losses	66,953	60,974	48,592	66,841	75,301	58,088
Revenue	145,717	149,214	173,302	153,786	127,326	122,855
Revenue Growth (YoY)	-10.38%	-13.90%	12.69%	20.78%	3.64%	10.43%
Selling, General & Administrative	61,441	62,608	64,843	55,468	48,262	46,557
Other Non-Interest Expense	2,905	3,109	2,777	3,728	3,027	2,397
Total Non-Interest Expense	64,442	65,717	67,620	59,196	51,289	48,954
EBT Excluding Unusual Items	81,275	83,497	105,682	94,590	76,037	73,901
Other Unusual Items	1,380	832	539	720	600	602
Pretax Income	82,655	84,329	106,221	95,310	76,637	74,503
Income Tax Expense	7,247	6,675	13,807	11,494	8,956	7,801
Earnings From Continuing Operations	75,408	77,654	92,414	83,816	67,681	66,702
Minority Interest in Earnings	-251	-538	-1,037	-1,136	-1,055	-834
Net Income	75,157	77,116	91,377	82,680	66,626	65,868
Preferred Dividends & Other Adjustments	4,212	4,212	4,212	4,260	2,549	1,482
Net Income to Common	70,945	72,904	87,165	78,420	64,077	64,386
Net Income Growth	-11.09%	-15.61%	10.52%	24.10%	1.15%	8.66%
Basic Shares Outstanding	20,773	20,774	20,774	20,774	20,774	20,774
Diluted Shares Outstanding	22,968	22,921	22,816	20,774	20,774	20,774
Shares Change (YoY)	-0.10%	0.46%	9.83%	-	-	-
EPS (Basic)	3.42	3.51	4.20	3.77	3.08	3.10
EPS (Diluted)	3.14	3.24	3.87	3.77	3.08	3.10
EPS Growth	-11.38%	-16.49%	2.77%	22.40%	-0.62%	8.87%
Dividend Per Share	1.040	1.040	1.188	1.035	0.802	0.762
Dividend Growth	-12.46%	-12.46%	14.78%	29.05%	5.25%	10.43%
Effective Tax Rate	8.77%	7.92%	13.00%	12.06%	11.69%	10.47%

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