Hang Seng Bank Limited (HKG:0011)

Hang Seng Bank Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	57,132	61,277	59,439	34,782	28,030	35,010
Interest Income on Investments	206	207	253	225	653	844
Total Interest Income	57,338	61,484	59,692	35,007	28,683	35,854
Interest Paid on Deposits	27,492	30,493	27,144	9,231	4,685	8,791
Net Interest Income	29,846	30,991	32,548	25,776	23,998	27,063
Net Interest Income Growth (YoY)	-9.09%	-4.78%	26.27%	7.41%	-11.33%	-16.47%
Gain (Loss) on Sale of Assets	-5	-9	-7	-15	-48	-19
Gain (Loss) on Sale of Investments	60	53	-3	85	206	-10
Other Non-Interest Income	12,470	10,792	8,307	8,553	9,214	6,952
Total Non-Interest Income	12,525	10,836	8,297	8,623	9,372	6,923
Non-Interest Income Growth (YoY)	47.25%	30.60%	-3.78%	-7.99%	35.38%	5.58%
Revenues Before Loan Losses	42,371	41,827	40,845	34,399	33,370	33,986
Provision for Loan Losses	8,134	4,773	6,248	7,694	2,807	2,738
Revenue	34,237	37,054	34,597	26,705	30,563	31,248
Revenue Growth (YoY)	-3.59%	7.10%	29.55%	-12.62%	-2.19%	-15.81%
Salaries and Employee Benefits	5,947	5,883	5,759	5,874	6,275	6,064
Occupancy Expenses	1,934	1,963	1,915	1,974	2,066	2,086
Amortization of Goodwill & Intangibles	1,248	1,170	934	702	472	297
Selling, General & Administrative	6,106	6,177	6,016	5,245	5,321	4,758
Total Non-Interest Expense	15,352	15,154	14,431	13,805	14,062	13,280
EBT Excluding Unusual Items	18,885	21,900	20,166	12,900	16,501	17,968
Asset Writedown	-1,081	-886	-61	-119	-116	1,446
Pretax Income	17,804	21,014	20,105	12,781	16,385	19,414
Income Tax Expense	2,447	2,645	2,267	1,509	2,439	2,744
Earnings From Continuing Operations	15,357	18,369	17,838	11,272	13,946	16,670
Minority Interest in Earnings	9	10	10	14	14	17
Net Income	15,366	18,379	17,848	11,286	13,960	16,687
Preferred Dividends & Other Adjustments	1,012	699	708	710	703	700
Net Income to Common	14,354	17,680	17,140	10,576	13,257	15,987
Net Income Growth	-14.22%	2.97%	58.14%	-19.16%	-16.34%	-32.82%
Basic Shares Outstanding	1,883	1,896	1,912	1,912	1,912	1,912
Diluted Shares Outstanding	1,883	1,896	1,912	1,912	1,912	1,912
Shares Change (YoY)	-1.37%	-0.85%	-	-	-	-
EPS (Basic)	7.62	9.33	8.97	5.53	6.93	8.36
EPS (Diluted)	7.62	9.33	8.97	5.53	6.93	8.36
EPS Growth	-15.42%	4.04%	62.07%	-20.22%	-17.08%	-34.54%
Dividend Per Share	7.000	6.800	6.500	4.100	5.100	5.500
Dividend Growth	4.48%	4.61%	58.54%	-19.61%	-7.27%	-32.93%
Effective Tax Rate	13.74%	12.59%	11.28%	11.81%	14.89%	14.13%

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.