Hang Seng Bank Past Earnings Performance

Past criteria checks 4/6

Hang Seng Bank's earnings have been declining at an average annual rate of -11%, while the Banks industry saw earnings growing at 3.5% annually. Revenues have been declining at an average rate of 2.6% per year. Hang Seng Bank's return on equity is 10.8%, and it has net margins of 48.5%.

Key information

-11.0%

Earnings growth rate

-11.0%

EPS growth rate

Banks Industry Growth	-0.01%
Revenue growth rate	-2.6%
Return on equity	10.8%
Net Margin	48.5%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Hang Seng Bank (HKG:11) Is Paying Out A Larger Dividend Than Last Year

Feb 23

Hang Seng Bank (HKG:11) Has Announced That Its Dividend Will Be Reduced To HK$0.70

May 06

Don't Buy Hang Seng Bank Limited (HKG:11) For Its Next Dividend Without Doing These Checks

Mar 03

Hang Seng Bank Limited (HKG:11) Insiders Increased Their Holdings

Feb 22

Should You Or Shouldn't You: A Dividend Analysis on Hang Seng Bank Limited (HKG:11)

Jan 27

Do Institutions Own Hang Seng Bank Limited (HKG:11) Shares?

Dec 31

Hang Seng Bank's (HKG:11) Shareholders Are Down 27% On Their Shares

Dec 05

Revenue & Expenses Breakdown

How Hang Seng Bank makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SEHK:11 Revenue, expenses and earnings (HKD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	35,489	17,206	13,933
31 Mar 24	35,032	17,173	13,812
31 Dec 23	34,574	17,140	13,690
30 Sep 23	33,661	16,020	13,504
30 Jun 23	32,747	14,899	13,317
31 Mar 23	29,726	12,738	13,205
31 Dec 22	26,705	10,576	13,093
30 Sep 22	26,193	10,284	13,353
30 Jun 22	25,681	9,992	13,612
31 Mar 22	28,122	11,625	13,637
31 Dec 21	30,563	13,257	13,662
30 Sep 21	31,673	14,434	13,476
30 Jun 21	32,783	15,610	13,290
31 Mar 21	32,016	15,799	13,099
31 Dec 20	31,248	15,987	12,908
30 Sep 20	32,266	17,963	12,853
30 Jun 20	33,284	19,938	12,797
31 Mar 20	35,201	22,180	12,845
31 Dec 19	37,118	24,421	12,893
30 Sep 19	38,068	24,492	12,764
30 Jun 19	39,018	24,563	12,635
31 Mar 19	38,957	24,213	12,340
31 Dec 18	38,895	23,863	12,044
30 Sep 18	37,544	23,183	11,585
30 Jun 18	36,192	22,502	11,126
31 Mar 18	34,799	21,098	10,894
31 Dec 17	33,405	19,693	10,661
30 Sep 17	31,814	18,696	10,541
30 Jun 17	30,222	17,699	10,420
31 Mar 17	28,638	16,783	10,284
31 Dec 16	27,053	15,866	10,147
30 Sep 16	26,231	15,504	10,184
30 Jun 16	25,408	15,141	10,221
31 Mar 16	31,411	21,163	10,297
31 Dec 15	37,413	27,184	10,372
30 Sep 15	37,505	26,948	10,185
30 Jun 15	37,596	26,711	9,997
31 Mar 15	31,718	20,921	9,750
31 Dec 14	25,839	15,131	9,502
30 Sep 14	26,273	15,905	9,395
30 Jun 14	26,707	16,678	9,287
31 Mar 14	30,687	21,678	9,139
31 Dec 13	34,667	26,678	8,990

Quality Earnings: 11 has high quality earnings.

Growing Profit Margin: 11's current net profit margins (48.5%) are higher than last year (45.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 11's earnings have declined by 11% per year over the past 5 years.

Accelerating Growth: 11's earnings growth over the past year (15.5%) exceeds its 5-year average (-11% per year).

Earnings vs Industry: 11 earnings growth over the past year (15.5%) exceeded the Banks industry 1.6%.

Hang Seng Bank Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

First half 2024 earnings: Revenues and EPS in line with analyst expectations

Hang Seng Bank Limited to Report First Half, 2024 Results on Jul 31, 2024

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Hang Seng Bank Limited to Report Fiscal Year 2023 Results on Feb 21, 2024

First half 2023 earnings released: EPS: HK$4.99 (vs HK$2.31 in 1H 2022)

Full year 2022 earnings: EPS misses analyst expectations

Recent updates

Hang Seng Bank Limited Announces Change to Board Composition, Effect from 25 October 2024

Dividend of HK$1.20 announced

Hang Seng Bank Limited Announces Third Interim Dividend for the Year Ended December 31, 2024, Payable on November 12, 2024

Price target decreased by 7.0% to HK$95.62

Hang Seng Bank Limited Announces Executive Changes

First half 2024 earnings: Revenues and EPS in line with analyst expectations

Hang Seng Bank Limited Announces Second Interim Cash Dividend for the Year Ending 31 December 2024, Payable on 05 September 2024

Hang Seng Bank Limited to Report First Half, 2024 Results on Jul 31, 2024

Now 21% undervalued

Now 20% undervalued

Hang Seng Bank Limited Announces Kenneth S Y Ng Steps Down as an Independent Non-Executive Director, Chairman of the Risk Committee and A Member of the Nomination Committee

Fourth quarter dividend of HK$1.20 announced

Hang Seng Bank Limited Announces First Interim Cash Dividend for the Year Ending 31 December 2024, Payable on 06 June 2024

Hang Seng Bank Introduces the New PayDay+

Hang Seng Bank Limited (SEHK:11) announces an Equity Buyback for HKD 3 million worth of its shares.

Hang Seng Bank Limited (SEHK:11) announces an Equity Buyback for HKD 3 million worth of its shares.

Hang Seng Bank Limited, Annual General Meeting, May 08, 2024

Upcoming dividend of HK$3.20 per share

Hang Seng Bank (HKG:11) Is Paying Out A Larger Dividend Than Last Year

Fourth quarter dividend of HK$3.20 announced

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Hang Seng Bank Limited Announces Fourth Quarter Interim Dividend for the Financial Year Ending 31 December 2023, Payable on 21 March 2024

Hang Seng Bank Limited to Report Fiscal Year 2023 Results on Feb 21, 2024

Hang Seng Bank Limited Announces Board Changes

Hang Seng Bank Limited Announces Third Interim Dividend for the Year Ended December 31, 2023, Payable on November 09, 2023

Hang Seng Bank Announces Executive Changes, Effective October 24, 2023

Upcoming dividend of HK$1.10 per share at 3.8% yield

Hang Seng Bank Limited Declares Second Interim Dividend for 2023, Payable on 05 September 2023

First half 2023 earnings released: EPS: HK$4.99 (vs HK$2.31 in 1H 2022)

Upcoming dividend of HK$1.10 per share at 3.6% yield

Hang Seng Bank Limited Announces Retirement of Michael Wu as Independent Non-Executive Director, Chairman of the Remuneration Committee and Member of Nomination Committee and Risk Committee

Upcoming dividend of HK$2.00 per share at 3.2% yield

Full year 2022 earnings: EPS misses analyst expectations

Hang Seng Bank Limited to Report Q4, 2022 Results on Feb 21, 2023

Hang Seng Bank Limited Announces Resignation of Chiang Lai Yuen as Independent Non-Executive Director and Member of the Audit Committee and Remuneration Committee, with Effect from 1 January 2023

Hang Seng Bank Limited Announces Executive Changes

Hang Seng Bank Limited Announces Change to Board Composition

Upcoming dividend of HK$0.70 per share

Hang Seng Bank Limited Announces Third Interim Dividend for 2022, Payable on November 08, 2022

Upcoming dividend of HK$0.70 per share

Hang Seng Bank Limited Declares Second Interim Dividend, Payable on September 1, 2022

First half 2022 earnings released

Hang Seng Bank Limited to Report First Half, 2022 Results on Aug 01, 2022

Hang Seng Bank (HKG:11) Has Announced That Its Dividend Will Be Reduced To HK$0.70

Hang Seng Bank Limited Announces Stepping Down of Directors

Upcoming dividend of HK$0.70 per share

Hang Seng Bank Limited Declares First Interim Dividend for the Financial Year Ending December 31, 2022

Hang Seng Bank Limited Announces Committee Appointments

Consensus EPS estimates fall by 13%

Upcoming dividend of HK$1.80 per share

Hang Seng Bank Limited Announces Changes to Board Composition

Full year 2021 earnings: EPS and revenues miss analyst expectations

Hang Seng Bank Limited to Report Fiscal Year 2021 Results on Feb 22, 2022

Upcoming dividend of HK$1.10 per share

Non-Executive Director Tung Shun Wong has left the company

Vice-Chairman & Chief Executive (Leave of Absence) Wai Wan Cheang has left the company

Upcoming dividend of HK$1.10 per share

First half 2021 earnings released: EPS HK$4.44 (vs HK$4.64 in 1H 2020)

Independent Non-Executive Chairman Kuo Fung Ch'ien has left the company

Independent Non-Executive Director has left the company

Upcoming dividend of HK$1.10 per share

Hang Seng Bank Limited Declares First Interim Dividend for the Year Ending 31 December 2021, Payable on 8 June 2021

Full year 2020 earnings released: EPS HK$8.36 (vs HK$12.77 in FY 2019)

Revenue and earnings miss expectations

Don't Buy Hang Seng Bank Limited (HKG:11) For Its Next Dividend Without Doing These Checks

Price target raised to HK$149

Upcoming Dividend of HK$2.80 Per Share

Revenue and earnings miss expectations

Full year 2020 earnings released: EPS HK$8.36 (vs HK$12.77 in FY 2019)