Jordan Islamic Bank (ASE: JOIB)

Jordan Islamic 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	172.25	161.04	151.97	148.36	141.41	140.54
Interest Income on Investments	-	-	-	-	-	1.9
Total Interest Income	172.25	161.04	151.97	148.36	141.41	142.45
Interest Paid on Deposits	119.31	109.01	82.12	64.47	56.28	52.49
Net Interest Income	52.94	52.03	69.85	83.89	85.13	89.96
Net Interest Income Growth (YoY)	-1.41%	-25.51%	-16.73%	-1.46%	-5.37%	1.24%
Gain (Loss) on Sale of Assets	1.07	1.07	1.05	2.12	1.75	-
Gain (Loss) on Sale of Investments	21.46	21.16	13.58	11.09	10.49	8.92
Other Non-Interest Income	104.98	103.27	95.48	85.31	76.67	74.94
Total Non-Interest Income	132.07	130.6	114.51	102.38	89.91	84.81
Non-Interest Income Growth (YoY)	7.15%	14.05%	11.85%	13.86%	6.02%	9.61%
Revenues Before Loan Losses	185.01	182.63	184.36	186.26	175.04	174.77
Provision for Loan Losses	2.52	-0.5	0.93	7.15	8.06	7.65
Revenue	182.49	183.13	183.43	179.11	166.98	167.12
Revenue Growth (YoY)	1.93%	-0.16%	2.41%	7.27%	-0.08%	13.88%
Salaries and Employee Benefits	44.88	45.71	44.5	41.92	41.51	41.44
Occupancy Expenses	6.15	6.47	8.14	8.36	8.32	8.84
Federal Deposit Insurance	10.51	10.26	9.92	8.99	4.37	2.79
Selling, General & Administrative	0.58	0.58	0.64	0.72	0.72	1.35
Other Non-Interest Expense	24.94	25.57	24.69	22.67	28.3	24.14
Total Non-Interest Expense	87.05	88.58	87.89	82.66	83.21	78.56
EBT Excluding Unusual Items	95.44	94.55	95.54	96.45	83.77	88.56
Pretax Income	95.44	94.55	95.54	96.45	83.77	88.56
Income Tax Expense	32.13	32.25	34.43	37.4	31.64	34.2
Earnings From Continuing Operations	63.31	62.3	61.11	59.06	52.12	54.35
Minority Interest in Earnings	-0	0	-0	0	0	-0
Net Income	63.31	62.3	61.11	59.06	52.12	54.35
Net Income to Common	63.31	62.3	61.11	59.06	52.12	54.35
Net Income Growth	5.37%	1.95%	3.47%	13.31%	-4.10%	9.12%
Basic Shares Outstanding	200	200	200	200	200	200
Diluted Shares Outstanding	200	200	200	200	200	200
EPS (Basic)	0.32	0.31	0.31	0.30	0.26	0.27
EPS (Diluted)	0.32	0.31	0.31	0.30	0.26	0.27
EPS Growth	5.37%	1.95%	3.47%	13.31%	-4.10%	9.12%
Dividend Per Share	0.220	0.220	0.250	0.250	0.120	-
Dividend Growth	-12.00%	-12.00%	0%	108.33%	-	-
Effective Tax Rate	33.66%	34.11%	36.04%	38.77%	37.78%	38.62%

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