The Strategist

HSBC's net income adds 18 percent in 2022

02/21/2023 - 08:45

According to British-Hong Kong banking corporation HSBC Holdings plc's report, the bank increased net income attributable to shareholders last year by 17.6% to $14.822 billion.

Can Pac Swire via flickr
Can Pac Swire via flickr
Net interest income grew by 23.1% to $32.61 billion. Earnings diluted per share increased from $0.62 in 2021 to $0.74 in 2022. The annual income for the banking sector added 4.4% to $51.727 billion.

For the fourth quarter, the bank boosted net income attributable to shareholders by 2.6 times to $4.62 billion. To $9.578 billion, net interest income increased 1.4 times. After $0.09 per share a year earlier, diluted earnings per share were $0.23. Quarterly revenue increased 24.1% to $14.875 billion.

The Hong Kong and Shanghai Banking Company, founded in 1865, is controlled by the HSBC Holdings plc group, which was established in 1990.