Taiwan Business Bank, Ltd. (TPE: 2834)

Taiwan Business 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	53,828	49,117	33,300	24,171	25,027	29,445
Interest Paid on Deposits	35,201	30,411	13,072	6,365	8,835	12,414
Net Interest Income	18,626	18,706	20,228	17,806	16,192	17,031
Net Interest Income Growth (YoY)	-3.99%	-7.53%	13.60%	9.97%	-4.93%	-0.97%
Gain (Loss) on Sale of Assets	-1.95	-1.66	-0.93	-1.19	-1.8	-0.69
Gain (Loss) on Sale of Investments	8,457	7,938	3,017	1,926	2,178	1,950
Gain (Loss) on Sale of Equity Investments	-	-0.81	-1.19	-	-	-
Other Non-Interest Income	7,184	5,274	5,288	4,377	3,503	4,092
Total Non-Interest Income	15,638	13,210	8,303	6,302	5,679	6,042
Non-Interest Income Growth (YoY)	24.80%	59.10%	31.75%	10.97%	-6.01%	3.62%
Revenues Before Loan Losses	34,265	31,915	28,531	24,108	21,871	23,073
Provision for Loan Losses	5,210	4,227	2,386	5,188	4,055	2,418
Revenue	29,055	27,689	26,145	18,920	17,816	20,655
Revenue Growth (YoY)	0.41%	5.91%	38.19%	6.20%	-13.74%	-7.10%
Salaries and Employee Benefits	9,257	9,079	8,876	8,422	7,938	8,104
Occupancy Expenses	1,355	1,272	1,230	1,041	992.51	957.86
Selling, General & Administrative	5,033	4,910	3,999	3,655	3,501	3,666
Other Non-Interest Expense	-	-	-	-	-	-139
Total Non-Interest Expense	15,644	15,261	14,105	13,118	12,431	12,589
EBT Excluding Unusual Items	13,410	12,428	12,040	5,802	5,385	8,066
Pretax Income	13,410	12,428	12,040	5,802	5,385	8,066
Income Tax Expense	2,345	1,860	1,918	701.93	683.49	1,331
Net Income	11,066	10,568	10,122	5,100	4,702	6,734
Net Income to Common	11,066	10,568	10,122	5,100	4,702	6,734
Net Income Growth	-2.94%	4.40%	98.46%	8.47%	-30.18%	-11.86%
Basic Shares Outstanding	9,168	9,168	9,168	9,168	9,168	8,813
Diluted Shares Outstanding	9,209	9,227	9,208	9,212	9,195	8,852
Shares Change (YoY)	-0.18%	0.21%	-0.05%	0.19%	3.88%	1.68%
EPS (Basic)	1.21	1.15	1.10	0.56	0.51	0.76
EPS (Diluted)	1.20	1.15	1.10	0.55	0.51	0.76
EPS Growth	-3.54%	4.07%	99.91%	7.60%	-32.48%	-13.59%
Dividend Per Share	0.179	0.179	0.088	0.085	0.082	0.156
Dividend Growth	104.79%	104.79%	3.67%	3.43%	-47.49%	-30.00%
Effective Tax Rate	17.48%	14.97%	15.93%	12.10%	12.69%	16.51%

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