SinoPac Financial Holdings Company Limited (TPE:2890)

TPE:2890 Income Statement

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	87,481	83,959	75,531	47,359	31,180	31,543
Interest Paid on Deposits	58,946	58,167	51,087	20,455	9,060	13,042
Net Interest Income	28,534	25,792	24,444	26,903	22,120	18,501
Net Interest Income Growth (YoY)	19.58%	5.51%	-9.14%	21.63%	19.56%	14.88%
Gain (Loss) on Sale of Assets	14	14	50.1	-	-	207.31
Gain (Loss) on Sale of Investments	14,818	17,414	11,906	2,618	4,762	4,037
Gain (Loss) on Sale of Equity Investments	49.16	72.95	131.3	215.05	202.62	73.34
Other Non-Interest Income	23,128	21,338	17,371	17,477	18,580	16,139
Total Non-Interest Income	38,009	38,839	29,459	20,311	23,545	20,457
Non-Interest Income Growth (YoY)	11.88%	31.84%	45.04%	-13.74%	15.10%	0.77%
Revenues Before Loan Losses	66,544	64,631	53,902	47,214	45,665	38,957
Provision for Loan Losses	4,845	4,571	2,304	2,444	2,227	2,418
Revenue	61,698	60,060	51,598	44,770	43,438	36,539
Revenue Growth (YoY)	11.47%	16.40%	15.25%	3.07%	18.88%	2.73%
Salaries and Employee Benefits	21,115	20,454	17,706	15,769	16,243	14,397
Occupancy Expenses	2,572	2,501	2,386	2,307	2,194	1,986
Selling, General & Administrative	10,068	9,603	8,433	7,320	6,390	6,221
Total Non-Interest Expense	33,755	32,558	28,526	25,397	24,827	22,604
EBT Excluding Unusual Items	27,943	27,502	23,072	19,373	18,611	13,936
Asset Writedown	-31.78	-27.71	-1.36	31.79	8.16	-0.94
Pretax Income	27,731	27,295	23,071	19,405	18,649	13,969
Income Tax Expense	5,151	5,066	3,307	3,444	2,438	1,728
Earnings From Continuing Operations	22,580	22,229	19,764	15,961	16,211	12,241
Minority Interest in Earnings	-60.5	-	-	-	-	-
Net Income	22,520	22,229	19,764	15,961	16,211	12,241
Net Income to Common	22,520	22,229	19,764	15,961	16,211	12,241
Net Income Growth	2.70%	12.47%	23.83%	-1.54%	32.43%	-1.89%
Basic Shares Outstanding	12,686	12,686	12,529	11,902	11,902	11,902
Diluted Shares Outstanding	12,696	12,696	12,539	11,912	11,912	11,912
Shares Change (YoY)	-0.02%	1.25%	5.26%	-0.00%	-0.00%	-
EPS (Basic)	1.78	1.75	1.58	1.34	1.36	1.03
EPS (Diluted)	1.77	1.75	1.58	1.34	1.36	1.03
EPS Growth	2.72%	11.08%	17.64%	-1.54%	32.43%	-1.89%
Dividend Per Share	0.910	0.910	0.732	0.574	0.758	0.663
Dividend Growth	24.37%	24.37%	27.50%	-24.25%	14.29%	-
Effective Tax Rate	18.58%	18.56%	14.33%	17.75%	13.07%	12.37%

Updated Mar 7, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.