Taiwan Cooperative Financial Holding Co., Ltd. (TPE: 5880)

Taiwan Cooperative 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	103,388	93,412	63,732	49,331	52,869	60,460
Interest Paid on Deposits	73,852	61,449	25,968	13,328	17,973	25,114
Net Interest Income	29,536	31,963	37,764	36,003	34,896	35,346
Net Interest Income Growth (YoY)	-12.45%	-15.36%	4.89%	3.17%	-1.27%	0.68%
Gain (Loss) on Sale of Assets	67.81	98.27	152.02	124.94	95.26	2.13
Gain (Loss) on Sale of Investments	13,947	14,937	20,667	6,242	-1,564	5,803
Gain (Loss) on Sale of Equity Investments	13.9	16.6	9.41	11.04	7.96	10.47
Other Non-Interest Income	22,597	14,362	-5,410	12,032	18,330	7,935
Total Non-Interest Income	36,626	29,414	15,419	18,410	16,870	13,750
Non-Interest Income Growth (YoY)	39.41%	90.77%	-16.25%	9.13%	22.69%	16.88%
Revenues Before Loan Losses	66,162	61,377	53,182	54,413	51,766	49,096
Provision for Loan Losses	7,901	7,502	1,215	2,377	7,101	4,118
Revenue	58,261	53,875	51,967	52,036	44,665	44,978
Revenue Growth (YoY)	3.59%	3.67%	-0.13%	16.50%	-0.70%	5.79%
Salaries and Employee Benefits	18,447	17,292	17,541	18,236	16,574	16,788
Occupancy Expenses	2,822	2,649	2,506	2,277	2,169	1,904
Selling, General & Administrative	5,832	5,296	8,262	7,154	7,119	7,094
Other Non-Interest Expense	6,600	6,563	-728.7	-60.39	-1,019	-1,532
Total Non-Interest Expense	33,701	31,800	27,581	27,607	24,843	24,255
EBT Excluding Unusual Items	24,559	22,075	24,386	24,429	19,823	20,724
Asset Writedown	17.46	-	-	-	-	-
Pretax Income	24,577	22,075	24,386	24,429	19,823	20,724
Income Tax Expense	5,461	4,196	3,569	3,217	2,688	3,111
Earnings From Continuing Operations	19,116	17,878	20,817	21,212	17,135	17,612
Minority Interest in Earnings	-542.36	-614.52	-568.31	-677.85	-550.85	-376.46
Net Income	18,573	17,264	20,249	20,534	16,584	17,236
Net Income to Common	18,573	17,264	20,249	20,534	16,584	17,236
Net Income Growth	-6.89%	-14.74%	-1.39%	23.82%	-3.78%	10.36%
Basic Shares Outstanding	15,224	15,224	15,224	15,224	15,224	15,224
Diluted Shares Outstanding	15,224	15,224	15,224	15,224	15,225	15,225
Shares Change (YoY)	-0.00%	-0.00%	-0.00%	-0.00%	0.00%	0.00%
EPS (Basic)	1.22	1.13	1.33	1.35	1.09	1.13
EPS (Diluted)	1.22	1.13	1.33	1.35	1.09	1.13
EPS Growth	-6.69%	-15.01%	-1.39%	23.82%	-3.59%	10.14%
Dividend Per Share	0.628	0.628	0.460	0.893	0.745	0.723
Dividend Growth	36.49%	36.49%	-48.50%	20.00%	3.00%	16.73%
Effective Tax Rate	22.22%	19.01%	14.64%	13.17%	13.56%	15.01%

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