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Hang Seng Bank
(OTC:0011)
Hang Seng Bank (0011) vs. S&P 500 (SPY)
Hang Seng Bank Business Overview & Revenue Model
Hang Seng Bank Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 62.79B | 41.57B | 34.57B | 71.00B | 56.85B | 65.22B | Gross Profit |
| 60.68B | 41.57B | 82.55B | 71.00B | 56.85B | 65.22B | EBIT |
| 21.56B | 0.00 | 20.88B | 14.01B | 16.90B | 18.34B | EBITDA |
| 11.34B | 0.00 | 22.76B | 15.47B | 18.92B | 0.00 | Net Income Common Stockholders |
| 17.21B | 18.38B | 17.14B | 11.29B | 13.96B | 16.69B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 173.11B | 92.48B | 99.23B | 118.47B | 84.64B | 96.60B | Total Assets |
| 1.08T | 1.80T | 1.69T | 1.89T | 1.82T | 1.76T | Total Debt |
| 11.82B | 0.00 | 74.88B | 57.16B | 60.03B | 52.54B | Net Debt |
| -161.28B | -92.48B | -99.23B | -61.31B | -24.61B | -44.06B | Total Liabilities |
| 984.77B | 1.63T | 1.52T | 1.72T | 1.65T | 1.59T | Stockholders Equity |
| 92.32B | 169.52B | 168.13B | 172.15B | 172.59B | 171.36B |
| Cash Flow | Free Cash Flow | ||||
| 15.88B | 156.90B | 18.35B | 64.51B | 38.28B | 12.06B | Operating Cash Flow |
| 17.67B | 158.65B | 20.10B | 66.39B | 40.43B | 14.17B | Investing Cash Flow |
| -45.09B | -83.81B | 97.57B | -42.86B | -73.59B | -51.61B | Financing Cash Flow |
| 2.76B | -18.86B | -174.63B | 20.66B | 35.28B | 52.76B |
Hang Seng Bank Technical Analysis
Hang Seng Bank Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | $2.43T | 4.98 | 9.55% | -0.97% | -1.36% | ||
83 Outperform | $1.71T | 4.73 | 10.81% | 9.60% | -1.89% | -1.11% | |
82 Outperform | $1.87T | 5.44 | 10.94% | 8.96% | 2.17% | 9.04% | |
80 Outperform | £141.44B | 8.19 | 13.62% | 6.10% | 3.98% | 5.43% | |
78 Outperform | $306.61B | 8.02 | 11.58% | 5.93% | 8.61% | 16.84% | |
76 Outperform | $180.79B | 10.30 | 11.23% | 6.71% | -2.77% | 4.04% | |
63 Neutral | $12.33B | 9.59 | 8.02% | 79.26% | 12.87% | -4.61% |
Hang Seng Bank Corporate Events
Hang Seng Bank Limited has announced a Board Committee meeting scheduled for April 29, 2025, to discuss the declaration of the bank’s first interim dividend for 2025. This meeting could impact the bank’s financial strategy and shareholder returns, reflecting its ongoing commitment to stakeholder engagement and financial performance.
Hang Seng Bank Limited has announced the appointment of Edward Cheng Wai Sun as an Independent Non-executive Director effective from April 1, 2025. Cheng will also serve on several key committees, including the Nomination, Audit, Risk, and Remuneration Committees, potentially enhancing the bank’s governance and strategic oversight.
Hang Seng Bank Limited has announced its Annual General Meeting (AGM) scheduled for May 8, 2025, at its headquarters in Hong Kong and online. The AGM will address several key resolutions, including the consideration of audited financial statements for 2024, the re-election of directors, and the re-appointment of PricewaterhouseCoopers as the bank’s auditor. Additionally, the meeting will discuss granting a general mandate to the bank’s directors to issue additional shares and manage treasury shares, which could impact the bank’s capital structure and shareholder value.
Hang Seng Bank Limited’s Board of Directors has approved proposed amendments to its Articles of Association, aiming to align with the Companies (Amendment) Ordinance 2025 and the updated paperless listing regime. These changes, which require shareholder approval at the 2025 AGM, will allow the bank to manage treasury shares and enhance electronic communication, reflecting a strategic move to modernize its corporate governance framework.
Hang Seng Bank Limited has announced changes in its Board composition, with Ms. Irene Lee retiring as Chairman and Independent Non-executive Director, effective after the May 2025 AGM. She is succeeded by Mr. Edward Cheng, who will join the Board as an Independent Non-executive Director and assume the role of Chairman post-AGM. This transition is expected to ensure continuity and stability, leveraging Mr. Cheng’s extensive experience in finance and business to maintain the bank’s strategic direction and governance improvements.
Hang Seng Bank reported strong financial results for 2024, with an 8% increase in operating profit to HK$21,558 million and a 26% rise in non-interest income, driven by revenue diversification and customer base expansion. Despite geopolitical and macroeconomic challenges, the bank increased its affluent customer numbers and maintained a stable return on equity, highlighting its strategic growth in the Hong Kong and mainland China markets.
Hang Seng Bank has announced a fourth interim dividend of HKD 3.20 per share for the year ending December 2024, payable on March 27, 2025. This brings the total dividend for 2024 to HKD 6.80 per share, demonstrating the bank’s commitment to returning value to its shareholders. The announcement is indicative of the bank’s robust financial health and strategic focus on maintaining shareholder confidence, potentially enhancing its position in the competitive banking sector.
Hang Seng Bank Limited has announced an upcoming Board Committee meeting scheduled for February 19, 2025, where they will approve the bank’s final results for the year ending December 31, 2024, and consider declaring the fourth interim dividend for 2024. This meeting is significant as it impacts the bank’s operational outcomes and provides insights into its financial performance, which can influence stakeholder decisions and market perceptions.