First Abu Dhabi Bank P.J.S.C. (ADX:FAB)

ADX:FAB Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	63,048	58,758	30,104	18,084	20,101
Interest Paid on Deposits	43,436	40,619	15,887	6,426	7,845
Net Interest Income	19,612	18,139	14,217	11,658	12,256
Net Interest Income Growth (YoY)	8.12%	27.58%	21.95%	-4.88%	-4.06%
Gain (Loss) on Sale of Assets	22	285	3,098	507.4	1,394
Gain (Loss) on Sale of Investments	5,399	3,704	2,318	6,485	951.03
Other Non-Interest Income	6,591	5,626	4,628	3,774	4,220
Total Non-Interest Income	12,012	9,615	10,044	10,766	6,566
Non-Interest Income Growth (YoY)	24.93%	-4.27%	-6.71%	63.98%	-12.23%
Revenues Before Loan Losses	31,624	27,754	24,261	22,425	18,822
Provision for Loan Losses	3,924	3,078	2,839	2,658	2,620
Revenue	27,700	24,676	21,421	19,766	16,202
Revenue Growth (YoY)	12.25%	15.19%	8.37%	22.00%	-12.00%
Salaries and Employee Benefits	4,032	3,570	3,233	3,005	2,784
Occupancy Expenses	1,074	938	1,067	735.71	567.36
Amortization of Goodwill & Intangibles	224	238	202.96	198.86	201.22
Selling, General & Administrative	2,364	2,274	2,155	1,720	1,439
Total Non-Interest Expense	7,787	7,125	6,705	5,719	5,060
EBT Excluding Unusual Items	19,913	17,551	14,717	14,047	11,142
Asset Writedown	1	1	-326.85	-743.36	-248.49
Pretax Income	19,914	17,552	14,390	13,187	10,894
Income Tax Expense	2,818	1,042	967.62	644.27	341.2
Earnings From Continuing Operations	17,096	16,510	13,422	12,542	10,553
Minority Interest in Earnings	-41	-105	-10.91	-11.16	2.72
Net Income	17,055	16,405	13,411	12,531	10,555
Preferred Dividends & Other Adjustments	743	653	376.47	356.2	426.25
Net Income to Common	16,312	15,752	13,035	12,175	10,129
Net Income Growth	3.96%	22.32%	7.02%	18.72%	-15.69%
Basic Shares Outstanding	11,041	11,041	11,041	11,040	11,033
Diluted Shares Outstanding	11,041	11,041	11,041	11,040	11,034
Shares Change (YoY)	-	-0.00%	0.01%	0.06%	0.07%
EPS (Basic)	1.48	1.43	1.18	1.10	0.92
EPS (Diluted)	1.48	1.43	1.18	1.10	0.92
EPS Growth	3.56%	20.91%	7.27%	19.82%	-15.30%
Dividend Per Share	0.750	0.710	0.520	0.484	0.732
Dividend Growth	5.63%	36.54%	7.37%	-33.79%	0%
Effective Tax Rate	14.15%	5.94%	6.72%	4.89%	3.13%

Source: S&P Capital IQ. Banks template. Financial Sources.