Invest Bank (ASE: INVB)

Invest Bank 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	135.75	123.07	84.45	69.11	70.37	76.46
Interest Income on Investments	2.22	2.32	1.15	0.91	3.21	3.07
Total Interest Income	137.97	125.39	85.6	70.03	73.59	79.53
Interest Paid on Deposits	84.06	70.4	40.32	32.65	35.31	41.86
Net Interest Income	53.91	55	45.28	37.37	38.28	37.68
Net Interest Income Growth (YoY)	2.63%	21.47%	21.14%	-2.36%	1.60%	7.39%
Gain (Loss) on Sale of Assets	0.46	0.46	0.57	0.3	-	-
Gain (Loss) on Sale of Investments	0.89	0.51	0.68	1.18	0.29	0.35
Other Non-Interest Income	27.02	23.67	17.17	14.9	13.08	15.44
Total Non-Interest Income	28.37	24.64	18.42	16.38	13.38	15.78
Non-Interest Income Growth (YoY)	33.13%	33.77%	12.43%	22.48%	-15.26%	5.23%
Revenues Before Loan Losses	82.28	79.64	63.69	53.76	51.65	53.46
Provision for Loan Losses	10.88	11.55	6.26	-0.66	16.13	1.88
Revenue	71.4	68.09	57.43	54.41	35.52	51.58
Revenue Growth (YoY)	12.11%	18.56%	5.55%	53.18%	-31.14%	3.69%
Salaries and Employee Benefits	20.52	20.31	18.08	14.85	15.2	15.78
Occupancy Expenses	3.94	3.67	3.08	2.79	2.96	3.18
Selling, General & Administrative	1	1	1.02	1.07	0.58	0.75
Other Non-Interest Expense	11.12	10.45	8.19	8.27	7.53	8.26
Total Non-Interest Expense	36.56	34.66	31.01	26.88	26.5	27.81
EBT Excluding Unusual Items	34.84	33.43	26.42	27.53	9.02	23.77
Legal Settlements	-0.26	-0.26	-0.05	-0.16	-0.43	-0.86
Other Unusual Items	-	-	3.6	-	-0.73	-
Pretax Income	34.58	33.17	29.96	27.37	7.86	22.91
Income Tax Expense	8.28	8.17	9.57	9.79	1.86	6.81
Earnings From Continuing Operations	26.3	25	20.39	17.58	6	16.1
Earnings From Discontinued Operations	-	-	-0.14	0.42	-	-
Minority Interest in Earnings	-0.44	-0.37	-0.42	-0.19	-0.24	-0.42
Net Income	25.86	24.63	19.83	17.81	5.76	15.68
Net Income to Common	25.86	24.63	19.83	17.81	5.76	15.68
Net Income Growth	13.32%	24.22%	11.31%	209.29%	-63.28%	1.32%
Basic Shares Outstanding	100	100	100	100	100	100
Diluted Shares Outstanding	100	100	100	100	100	100
EPS (Basic)	0.26	0.25	0.20	0.18	0.06	0.16
EPS (Diluted)	0.26	0.25	0.20	0.18	0.06	0.16
EPS Growth	13.32%	24.22%	11.31%	209.30%	-63.28%	1.32%
Dividend Per Share	0.100	0.100	0.100	0.100	0.120	0.110
Dividend Growth	0%	0%	0%	-16.67%	9.09%	0%
Effective Tax Rate	23.94%	24.63%	31.94%	35.77%	23.66%	29.73%

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