SinoPac Financial Holdings Company Limited (TPE: 2890)

SinoPac Financial Holdings Company 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	82,691	75,531	47,359	31,180	31,543	33,994
Interest Paid on Deposits	58,021	51,087	20,455	9,060	13,042	17,891
Net Interest Income	24,670	24,444	26,903	22,120	18,501	16,104
Net Interest Income Growth (YoY)	-4.05%	-9.14%	21.63%	19.56%	14.88%	1.93%
Gain (Loss) on Sale of Assets	50.1	50.1	-	-	207.31	392.6
Gain (Loss) on Sale of Investments	15,774	11,906	2,618	4,762	4,037	7,969
Gain (Loss) on Sale of Equity Investments	57.3	131.3	215.05	202.62	73.34	37.83
Other Non-Interest Income	22,466	17,371	17,477	18,580	16,139	11,900
Total Non-Interest Income	38,348	29,459	20,311	23,545	20,457	20,300
Non-Interest Income Growth (YoY)	50.24%	45.04%	-13.74%	15.10%	0.77%	24.04%
Revenues Before Loan Losses	63,017	53,902	47,214	45,665	38,957	36,404
Provision for Loan Losses	3,688	2,304	2,444	2,227	2,418	836.29
Revenue	59,329	51,598	44,770	43,438	36,539	35,567
Revenue Growth (YoY)	20.28%	15.25%	3.07%	18.88%	2.73%	16.01%
Salaries and Employee Benefits	19,988	17,706	15,769	16,243	14,397	13,411
Occupancy Expenses	2,485	2,386	2,307	2,194	1,986	1,864
Selling, General & Administrative	8,433	8,433	7,320	6,390	6,221	5,961
Total Non-Interest Expense	31,803	28,526	25,397	24,827	22,604	21,237
EBT Excluding Unusual Items	27,526	23,072	19,373	18,611	13,936	14,330
Asset Writedown	-54.36	-1.36	31.79	8.16	-0.94	-18.02
Pretax Income	27,472	23,071	19,405	18,649	13,969	14,257
Income Tax Expense	4,924	3,307	3,444	2,438	1,728	1,780
Earnings From Continuing Operations	22,548	19,764	15,961	16,211	12,241	12,477
Minority Interest in Earnings	-	-	-	-	-	0.03
Net Income	22,548	19,764	15,961	16,211	12,241	12,477
Net Income to Common	22,548	19,764	15,961	16,211	12,241	12,477
Net Income Growth	20.34%	23.83%	-1.54%	32.43%	-1.89%	32.33%
Basic Shares Outstanding	12,673	12,529	11,902	11,902	11,902	11,902
Diluted Shares Outstanding	12,676	12,539	11,912	11,912	11,912	11,912
Shares Change (YoY)	2.69%	5.27%	-0.00%	-0.00%	0.00%	0.00%
EPS (Basic)	1.78	1.58	1.34	1.36	1.03	1.05
EPS (Diluted)	1.78	1.58	1.34	1.36	1.03	1.05
EPS Growth	17.18%	17.63%	-1.54%	32.43%	-1.89%	32.33%
Dividend Per Share	-	0.732	0.574	0.758	0.663	0.663
Dividend Growth	-	27.50%	-24.25%	14.29%	0%	10.06%
Effective Tax Rate	17.92%	14.33%	17.75%	13.07%	12.37%	12.48%

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