Taishin Financial Holding Co., Ltd. (TPE: 2887)

Taishin Financial Holding 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	81,474	74,097	46,392	32,637	33,902	37,210
Interest Paid on Deposits	49,052	43,769	17,169	8,277	12,243	17,621
Net Interest Income	32,422	30,328	29,223	24,360	21,659	19,589
Net Interest Income Growth (YoY)	7.27%	3.78%	19.96%	12.47%	10.57%	-0.01%
Gain (Loss) on Sale of Investments	13,591	14,119	511.58	7,267	5,371	7,753
Gain (Loss) on Sale of Equity Investments	53.38	34.19	6.31	-3,547	1,615	2,650
Other Non-Interest Income	9,994	7,910	18,680	14,694	15,499	13,652
Total Non-Interest Income	23,639	22,063	19,198	18,415	22,486	24,055
Non-Interest Income Growth (YoY)	-2.94%	14.92%	4.26%	-18.11%	-6.52%	19.34%
Revenues Before Loan Losses	56,061	52,391	48,421	42,775	44,145	43,644
Provision for Loan Losses	1,864	1,769	1,545	546.41	1,861	2,615
Revenue	54,197	50,622	46,876	42,229	42,284	41,029
Revenue Growth (YoY)	2.13%	7.99%	11.00%	-0.13%	3.06%	12.69%
Salaries and Employee Benefits	19,156	18,031	16,123	15,999	14,454	13,942
Occupancy Expenses	2,745	2,694	2,628	2,389	2,201	2,004
Selling, General & Administrative	9,658	9,051	10,449	9,913	9,198	8,806
Other Non-Interest Expense	3,123	3,123	-	-	-	-
Total Non-Interest Expense	34,682	32,900	29,200	28,300	25,853	24,753
EBT Excluding Unusual Items	19,515	17,723	17,676	13,928	16,431	16,277
Asset Writedown	-	-	-	-	-	-3
Other Unusual Items	-	-	-	9,227	-	-
Pretax Income	19,515	17,723	17,649	23,156	16,431	16,274
Income Tax Expense	3,219	3,119	2,793	2,857	1,942	1,788
Earnings From Continuing Operations	16,296	14,604	14,856	20,299	14,489	14,486
Minority Interest in Earnings	-1.16	-2.19	7.96	13.1	4.6	2.09
Net Income	16,295	14,602	14,864	20,312	14,493	14,488
Preferred Dividends & Other Adjustments	1,972	1,954	1,846	1,758	1,758	1,820
Net Income to Common	14,323	12,648	13,018	18,554	12,736	12,668
Net Income Growth	-15.44%	-1.76%	-26.82%	40.15%	0.04%	12.04%
Basic Shares Outstanding	12,976	12,976	12,976	12,976	12,970	12,963
Diluted Shares Outstanding	12,976	12,976	12,976	12,976	12,971	12,969
Shares Change (YoY)	-0.00%	-0.00%	0.00%	0.04%	0.01%	0.03%
EPS (Basic)	1.10	0.97	1.00	1.43	0.98	0.98
EPS (Diluted)	1.10	0.97	1.00	1.43	0.98	0.98
EPS Growth	-17.28%	-2.88%	-30.06%	45.62%	0.65%	10.91%
Dividend Per Share	0.577	0.577	0.471	0.532	0.463	0.469
Dividend Growth	22.59%	22.59%	-11.54%	15.00%	-1.28%	14.10%
Effective Tax Rate	16.49%	17.60%	15.83%	12.34%	11.82%	10.98%

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