President Securities Corporation (TPE: 2855)

President Securities 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 and Dividend Income	2,805	5,029	2,222	1,656	1,504	1,520
Total Interest Expense	1,462	934.88	183.33	101.29	276.88	531.82
Net Interest Income	1,344	4,094	2,038	1,554	1,227	987.91
Brokerage Commission	4,493	3,518	3,278	5,027	3,331	2,236
Trading & Principal Transactions	8,617	2,326	-3,229	8,731	3,356	2,828
Asset Management Fee	84.05	55.92	38.15	32.13	22.31	22.19
Underwriting & Investment Banking Fee	203.89	195.95	175.19	189.78	154.17	138.58
Gain on Sale of Investments (Rev)	-466.81	148.56	923.01	-1,327	1,241	772.63
Other Revenue	-3,509	-1,828	2,628	-3,010	233.38	-642.27
Revenue Before Loan Losses	10,767	8,511	5,852	11,198	9,565	6,343
Provision for Loan Losses	-11.42	17.92	-20.94	-7.66	18.18	7.17
Revenue	10,778	8,493	5,873	11,206	9,547	6,336
Revenue Growth (YoY)	32.60%	44.60%	-47.59%	17.38%	50.67%	20.54%
Salaries & Employee Benefits	3,912	3,149	2,516	4,002	3,202	2,394
Cost of Services Provided	951.88	782.13	803.51	1,003	772.67	713.62
Other Operating Expenses	2,104	1,869	1,675	1,893	1,440	1,153
Total Operating Expenses	7,311	6,113	5,270	7,123	5,623	4,466
Operating Income	3,467	2,380	603.42	4,083	3,924	1,870
Currency Exchange Gains	-28.8	-57.58	107.71	179.46	-323.07	186.25
Other Non-Operating Income (Expenses)	848.4	755.74	395.76	265.97	362.7	372.76
EBT Excluding Unusual Items	4,504	3,203	1,009	4,607	4,032	2,536
Asset Writedown	-	-	-15.24	-	-	-
Gain (Loss) on Sale of Investments	38	11.97	-20.24	62.3	-49.67	21.63
Pretax Income	4,542	3,214	973.7	4,669	3,983	2,558
Income Tax Expense	492.04	324.74	237.46	658.06	368.23	183.97
Earnings From Continuing Ops.	4,050	2,890	736.25	4,011	3,615	2,374
Minority Interest in Earnings	-12.38	-10.8	-6.88	-3.94	-7.08	-5.3
Net Income	4,038	2,879	729.37	4,007	3,608	2,369
Net Income to Common	4,038	2,879	729.37	4,007	3,608	2,369
Net Income Growth	51.35%	294.72%	-81.80%	11.09%	52.31%	95.69%
Shares Outstanding (Basic)	1,456	1,456	1,456	1,456	1,456	1,457
Shares Outstanding (Diluted)	1,459	1,459	1,457	1,460	1,460	1,461
Shares Change (YoY)	0.04%	0.13%	-0.19%	-0.04%	-0.02%	-1.14%
EPS (Basic)	2.77	1.98	0.50	2.75	2.48	1.63
EPS (Diluted)	2.76	1.97	0.50	2.75	2.47	1.63
EPS Growth	50.80%	294.00%	-81.82%	11.34%	52.00%	98.15%
Free Cash Flow	-8,471	-21,072	7,143	2,097	7,347	-9,136
Free Cash Flow Per Share	-5.81	-14.44	4.90	1.44	5.03	-6.25
Dividend Per Share	1.320	1.320	0.390	1.890	1.442	0.943
Dividend Growth	238.46%	238.46%	-79.37%	31.04%	53.01%	44.90%
Operating Margin	32.16%	28.02%	10.27%	36.44%	41.10%	29.52%
Profit Margin	37.46%	33.90%	12.42%	35.76%	37.79%	37.38%
Free Cash Flow Margin	-78.59%	-248.12%	121.62%	18.71%	76.96%	-144.19%
Effective Tax Rate	10.83%	10.10%	24.39%	14.09%	9.25%	7.19%
Revenue as Reported	12,451	9,543	6,271	11,622	9,581	7,142

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