Arab Jordan Investment Bank (ASE: AJIB)

AJIB Income Statement

Financials in millions JOD. 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	135.65	125.48	99.88	86.52	90.48	97.34
Interest Income on Investments	0.97	0.82	0.45	0.23	0.06	0.21
Total Interest Income	136.62	126.29	100.33	86.75	90.53	97.55
Interest Paid on Deposits	81.37	71.67	46.17	36.98	39.61	53.89
Net Interest Income	55.25	54.63	54.16	49.76	50.92	43.67
Net Interest Income Growth (YoY)	1.82%	0.86%	8.83%	-2.28%	16.62%	-2.12%
Gain (Loss) on Sale of Assets	0.28	0.28	0.01	0	-0.02	0
Gain (Loss) on Sale of Investments	0.01	0.05	-0.34	0.25	0.18	-0.15
Other Non-Interest Income	16.06	17.13	12.73	11.58	11.82	13.64
Total Non-Interest Income	16.61	17.46	12.41	11.83	11.98	13.5
Non-Interest Income Growth (YoY)	7.39%	40.74%	4.88%	-1.27%	-11.25%	2.49%
Revenues Before Loan Losses	71.86	72.09	66.57	61.59	62.91	57.16
Provision for Loan Losses	8.26	9.83	2.53	1.19	13.04	2.26
Revenue	63.6	62.26	64.04	60.41	49.87	54.9
Revenue Growth (YoY)	-2.10%	-2.78%	6.00%	21.14%	-9.17%	-2.58%
Salaries and Employee Benefits	19.8	19.01	17.13	15.38	15.92	15.96
Occupancy Expenses	7.27	6.5	4.54	4.34	4.15	3.87
Selling, General & Administrative	3.36	3.36	3.06	2.68	2.37	2.68
Other Non-Interest Expense	14.91	13.51	11.15	9.9	10.92	9.76
Total Non-Interest Expense	44.36	41.41	35.17	31.9	32.84	31.23
EBT Excluding Unusual Items	19.24	20.85	28.86	28.51	17.02	23.67
Other Unusual Items	7.63	7.63	1.53	-	-	-
Pretax Income	26.83	28.48	30.4	28.51	17.02	23.67
Income Tax Expense	8.42	8.29	10.92	10.34	5.49	7.46
Earnings From Continuing Operations	18.42	20.19	19.48	18.16	11.54	16.2
Minority Interest in Earnings	-1.61	-1.61	-1.42	-1.07	-0.72	-1.33
Net Income	16.8	18.58	18.06	17.09	10.81	14.87
Net Income to Common	16.8	18.58	18.06	17.09	10.81	14.87
Net Income Growth	-11.97%	2.86%	5.67%	58.03%	-27.28%	-4.09%
Basic Shares Outstanding	150	150	150	150	150	150
Diluted Shares Outstanding	150	150	150	150	150	150
EPS (Basic)	0.11	0.12	0.12	0.11	0.07	0.10
EPS (Diluted)	0.11	0.12	0.12	0.11	0.07	0.10
EPS Growth	-12.10%	2.86%	5.67%	58.03%	-27.28%	-4.09%
Dividend Per Share	0.100	0.100	0.100	0.100	0.100	0.090
Dividend Growth	0%	0%	0%	0%	11.11%	0%
Effective Tax Rate	31.37%	29.12%	35.91%	36.28%	32.23%	31.53%

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