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

NBQ Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	872.69	776.42	462.48	326.95	417.4	608.56
Interest Paid on Deposits	220.99	170.92	64.01	49.8	87.61	106.96
Net Interest Income	651.7	605.51	398.47	277.15	329.79	501.6
Net Interest Income Growth (YoY)	20.68%	51.96%	43.77%	-15.96%	-34.25%	-2.76%
Gain (Loss) on Sale of Investments	56.46	52.61	39.16	34.1	40.24	38.04
Other Non-Interest Income	177.73	126.13	97.37	81.62	103.45	107.82
Total Non-Interest Income	234.2	178.74	136.54	115.72	143.69	145.86
Non-Interest Income Growth (YoY)	84.69%	30.91%	17.98%	-19.46%	-1.49%	0.52%
Revenues Before Loan Losses	885.89	784.25	535	392.88	473.47	647.46
Provision for Loan Losses	155.5	115.04	15.72	-8.26	111.93	80.99
Revenue	730.39	669.21	519.28	401.13	361.54	566.47
Revenue Growth (YoY)	18.77%	28.87%	29.45%	10.95%	-36.18%	1.51%
Salaries and Employee Benefits	100.93	100.93	92.42	79.91	83.42	90.19
Occupancy Expenses	24.75	24.75	27.12	26.17	22.24	21.32
Other Non-Interest Expense	48.65	40.63	35.23	30.7	43.6	30.72
Total Non-Interest Expense	174.61	166.6	154.76	136.97	149.77	142.08
EBT Excluding Unusual Items	555.78	502.61	364.52	264.17	211.77	424.39
Pretax Income	555.78	502.61	364.52	264.17	211.77	424.39
Net Income	532.85	502.61	364.52	264.17	211.77	424.39
Net Income to Common	532.85	502.61	364.52	264.17	211.77	424.39
Net Income Growth	17.28%	37.88%	37.99%	24.74%	-50.10%	3.76%
Basic Shares Outstanding	2,000	2,000	1,925	1,925	2,000	2,000
Diluted Shares Outstanding	2,000	2,000	1,925	1,925	2,000	2,000
Shares Change (YoY)	3.92%	3.89%	-	-3.75%	-	0.00%
EPS (Basic)	0.27	0.25	0.19	0.14	0.11	0.21
EPS (Diluted)	0.27	0.25	0.19	0.14	0.11	0.21
EPS Growth	12.86%	32.72%	37.99%	29.60%	-50.10%	3.76%
Dividend Per Share	0.150	0.150	0.100	0.074	0.074	0.102
Dividend Growth	50.00%	50.00%	35.32%	0%	-27.26%	0%

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