Chang Hwa Commercial Bank, Ltd. (TPE: 2801)

Chang Hwa Commercial Bank Income Statement

Financials in millions TWD. 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	74,511	64,843	41,612	27,492	29,816	39,190
Interest Paid on Deposits	52,129	42,610	16,967	7,026	10,676	16,341
Net Interest Income	22,383	22,233	24,645	20,466	19,140	22,850
Net Interest Income Growth (YoY)	-2.55%	-9.79%	20.42%	6.92%	-16.23%	-1.47%
Gain (Loss) on Sale of Investments	11,202	10,282	3,381	2,721	2,867	3,202
Other Non-Interest Income	7,685	6,055	6,113	5,499	5,310	6,027
Total Non-Interest Income	18,888	16,337	9,493	8,220	8,177	9,229
Non-Interest Income Growth (YoY)	22.63%	72.10%	15.49%	0.53%	-11.40%	-6.96%
Revenues Before Loan Losses	41,270	38,570	34,139	28,686	27,317	32,078
Provision for Loan Losses	3,881	3,241	3,319	1,794	2,836	2,136
Revenue	37,390	35,329	30,819	26,892	24,481	29,942
Revenue Growth (YoY)	7.19%	14.63%	14.60%	9.85%	-18.24%	-3.12%
Salaries and Employee Benefits	12,664	12,265	11,721	11,409	10,808	10,868
Occupancy Expenses	1,622	1,650	1,571	1,420	1,403	1,437
Selling, General & Administrative	5,633	5,177	4,476	3,943	3,960	4,117
Total Non-Interest Expense	19,919	19,092	17,769	16,772	16,170	16,422
EBT Excluding Unusual Items	17,471	16,237	13,051	10,120	8,311	13,520
Pretax Income	17,471	16,237	13,051	10,120	8,311	13,520
Income Tax Expense	3,476	3,254	2,080	1,317	1,270	1,949
Net Income	13,994	12,982	10,971	8,804	7,041	11,572
Net Income to Common	13,994	12,982	10,971	8,804	7,041	11,572
Net Income Growth	10.30%	18.33%	24.62%	25.04%	-39.15%	-8.50%
Basic Shares Outstanding	11,206	11,206	11,206	11,206	11,206	11,206
Diluted Shares Outstanding	11,268	11,265	11,254	11,244	11,239	11,247
Shares Change (YoY)	0.05%	0.09%	0.09%	0.04%	-0.07%	-0.15%
EPS (Basic)	1.25	1.16	0.98	0.79	0.63	1.03
EPS (Diluted)	1.24	1.15	0.98	0.78	0.63	1.03
EPS Growth	9.79%	17.82%	24.74%	25.12%	-39.04%	-8.38%
Dividend Per Share	0.533	0.533	0.520	0.468	0.334	0.356
Dividend Growth	2.50%	2.50%	11.09%	40.25%	-6.37%	-36.25%
Effective Tax Rate	19.90%	20.04%	15.93%	13.01%	15.28%	14.41%

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