Southeast Bank PLC (DSE:SOUTHEASTB)

Southeast Bank Income Statement

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

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	22,048	20,187	18,922	22,250	26,259
Interest Paid on Deposits	19,387	17,043	16,001	19,769	22,002
Net Interest Income	2,661	3,144	2,922	2,481	4,257
Net Interest Income Growth (YoY)	-15.37%	7.62%	17.74%	-41.71%	-18.13%
Gain (Loss) on Sale of Investments	1,454	908.71	-89.62	117.06	-319.6
Other Non-Interest Income	12,577	12,717	11,751	11,289	10,134
Total Non-Interest Income	14,031	13,626	11,662	11,406	9,814
Non-Interest Income Growth (YoY)	2.97%	16.84%	2.24%	16.22%	4.98%
Revenues Before Loan Losses	16,692	16,770	14,583	13,888	14,071
Provision for Loan Losses	5,096	5,423	4,736	5,026	4,583
Revenue	11,596	11,347	9,847	8,862	9,488
Revenue Growth (YoY)	2.20%	15.23%	11.11%	-6.60%	-2.12%
Salaries and Employee Benefits	2,846	2,764	2,305	2,066	2,175
Occupancy Expenses	2,022	1,925	1,736	1,583	1,526
Selling, General & Administrative	754.21	600.58	493.92	419.54	450.38
Other Non-Interest Expense	2,459	2,220	2,053	1,638	931.62
Total Non-Interest Expense	8,082	7,509	6,589	5,706	5,084
EBT Excluding Unusual Items	3,514	3,837	3,258	3,156	4,404
Pretax Income	3,514	3,837	3,258	3,156	4,404
Income Tax Expense	1,380	2,085	1,474	1,007	1,896
Earnings From Continuing Operations	2,134	1,752	1,784	2,149	2,509
Minority Interest in Earnings	-0.12	-0.14	-0.18	-0.13	-0
Net Income	2,134	1,752	1,784	2,149	2,509
Net Income to Common	2,134	1,752	1,784	2,149	2,509
Net Income Growth	21.77%	-1.79%	-16.98%	-14.33%	1.43%
Basic Shares Outstanding	1,337	1,337	1,337	1,337	1,337
Diluted Shares Outstanding	1,337	1,337	1,337	1,337	1,337
EPS (Basic)	1.60	1.31	1.33	1.61	1.88
EPS (Diluted)	1.60	1.31	1.33	1.61	1.88
EPS Growth	21.77%	-1.79%	-16.98%	-14.33%	1.43%
Dividend Per Share	0.577	0.555	0.711	0.889	0.650
Dividend Growth	4.00%	-22.00%	-20.00%	36.69%	-
Effective Tax Rate	39.28%	54.33%	45.23%	31.90%	43.04%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.