Bank of Jordan (ASE: BOJX)

Bank of Jordan 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	192.62	185.3	143.86	128.9	136.69	159.81
Interest Income on Investments	0.61	0.76	0.66	0.55	0.51	0.55
Total Interest Income	193.24	186.06	144.53	129.45	137.2	160.36
Interest Paid on Deposits	58.58	50.71	28.47	20.67	28.78	43.45
Net Interest Income	134.65	135.35	116.06	108.77	108.42	116.91
Net Interest Income Growth (YoY)	2.37%	16.63%	6.69%	0.33%	-7.27%	5.08%
Gain (Loss) on Sale of Assets	0.21	0.27	0.07	0.08	0.72	-0.01
Gain (Loss) on Sale of Investments	0.2	0.21	0.1	1.07	18.71	0.18
Other Non-Interest Income	32.59	31.68	31.63	29.42	25.64	32.32
Total Non-Interest Income	33.01	32.16	31.8	30.57	45.06	32.49
Non-Interest Income Growth (YoY)	3.25%	1.12%	4.02%	-32.16%	38.70%	6.60%
Revenues Before Loan Losses	167.66	167.51	147.85	139.35	153.48	149.4
Provision for Loan Losses	11.24	14.73	6.43	16.06	31.87	18.63
Revenue	156.42	152.78	141.43	123.29	121.61	130.78
Revenue Growth (YoY)	3.77%	8.03%	14.71%	1.38%	-7.01%	-2.48%
Salaries and Employee Benefits	38.03	35.56	32.86	30.26	30.98	33.5
Occupancy Expenses	11.34	11.23	10.74	10.5	9.25	8.73
Selling, General & Administrative	7.88	7.88	8.66	7.5	6.71	5.59
Other Non-Interest Expense	32.2	32.76	27.99	23.31	22.88	21.32
Total Non-Interest Expense	89.42	87.38	80.08	71.3	69.47	69.57
EBT Excluding Unusual Items	67	65.4	61.35	51.99	52.15	61.2
Legal Settlements	-0.04	-0.04	-0.42	-0.1	-0.07	-0.07
Pretax Income	66.96	65.36	60.93	51.89	52.07	61.13
Income Tax Expense	22.39	20.9	20.37	15.59	16.61	20.75
Earnings From Continuing Operations	44.57	44.46	40.56	36.31	35.47	40.38
Minority Interest in Earnings	-0.32	-0.43	-0.42	-0.3	0.33	-0.21
Net Income	44.25	44.02	40.14	36.01	35.79	40.16
Net Income to Common	44.25	44.02	40.14	36.01	35.79	40.16
Net Income Growth	-2.40%	9.68%	11.47%	0.60%	-10.88%	-3.29%
Basic Shares Outstanding	200	200	200	200	200	200
Diluted Shares Outstanding	200	200	200	200	200	200
EPS (Basic)	0.22	0.22	0.20	0.18	0.18	0.20
EPS (Diluted)	0.22	0.22	0.20	0.18	0.18	0.20
EPS Growth	-2.40%	9.68%	11.47%	0.60%	-10.88%	-3.29%
Dividend Per Share	0.180	0.180	0.180	0.180	0.120	0.180
Dividend Growth	0%	0%	0%	50.00%	-33.33%	0%
Effective Tax Rate	33.44%	31.98%	33.43%	30.04%	31.89%	33.95%

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