National Bank of Umm Al-Qaiwain (PSC) (ADX:NBQ)

ADX:NBQ 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	913.21	776.42	462.48	326.95	417.4
Interest Paid on Deposits	256.56	170.92	64.01	49.8	87.61
Net Interest Income	656.65	605.51	398.47	277.15	329.79
Net Interest Income Growth (YoY)	8.45%	51.96%	43.77%	-15.96%	-34.25%
Gain (Loss) on Sale of Investments	55.11	52.61	39.16	34.1	40.24
Other Non-Interest Income	123.48	126.13	97.37	81.62	103.45
Total Non-Interest Income	178.59	178.74	136.54	115.72	143.69
Non-Interest Income Growth (YoY)	-0.09%	30.91%	17.98%	-19.46%	-1.49%
Revenues Before Loan Losses	835.23	784.25	535	392.88	473.47
Provision for Loan Losses	104.36	115.04	15.72	-8.26	111.93
Revenue	730.87	669.21	519.28	401.13	361.54
Revenue Growth (YoY)	9.21%	28.87%	29.45%	10.95%	-36.18%
Salaries and Employee Benefits	113.49	100.93	92.42	79.91	83.42
Occupancy Expenses	22.61	24.75	27.12	26.17	22.24
Selling, General & Administrative	27.31	21.62	-	-	-
Other Non-Interest Expense	16.37	19.02	35.23	30.7	43.6
Total Non-Interest Expense	180.09	166.6	154.76	136.97	149.77
EBT Excluding Unusual Items	550.78	502.61	364.52	264.17	211.77
Pretax Income	550.78	502.61	364.52	264.17	211.77
Income Tax Expense	44.76	-	-	-	-
Net Income	506.03	502.61	364.52	264.17	211.77
Net Income to Common	506.03	502.61	364.52	264.17	211.77
Net Income Growth	0.68%	37.88%	37.99%	24.74%	-50.10%
Basic Shares Outstanding	2,000	2,000	1,925	1,925	2,000
Diluted Shares Outstanding	2,000	2,000	1,925	1,925	2,000
Shares Change (YoY)	-	3.89%	-	-3.75%	-
EPS (Basic)	0.25	0.25	0.19	0.14	0.11
EPS (Diluted)	0.25	0.25	0.19	0.14	0.11
EPS Growth	0.68%	32.72%	37.99%	29.60%	-50.10%
Dividend Per Share	0.180	0.150	0.100	0.074	0.074
Dividend Growth	20.00%	50.00%	35.32%	0%	-27.26%
Effective Tax Rate	8.13%	-	-	-	-

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