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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	-	161.04	151.97	148.36	141.41	140.54
Interest Income on Investments	-	-	-	-	-	1.9
Total Interest Income	-	161.04	151.97	148.36	141.41	142.45
Interest Paid on Deposits	-	109.01	82.12	64.47	56.28	52.49
Net Interest Income	51.18	52.03	69.85	83.89	85.13	89.96
Net Interest Income Growth (YoY)	5.38%	-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	23.04	21.16	13.58	11.09	10.49	8.92
Other Non-Interest Income	106.14	103.27	95.48	85.31	76.67	74.94
Total Non-Interest Income	134.72	130.6	114.51	102.38	89.91	84.81
Non-Interest Income Growth (YoY)	4.93%	14.05%	11.85%	13.86%	6.02%	9.61%
Revenues Before Loan Losses	185.89	182.63	184.36	186.26	175.04	174.77
Provision for Loan Losses	0.52	-0.5	0.93	7.15	8.06	7.65
Revenue	185.37	183.13	183.43	179.11	166.98	167.12
Revenue Growth (YoY)	4.70%	-0.16%	2.41%	7.27%	-0.08%	13.88%
Salaries and Employee Benefits	45.78	45.71	44.5	41.92	41.51	41.44
Occupancy Expenses	6.59	6.47	8.14	8.36	8.32	8.84
Federal Deposit Insurance	10.63	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	25.58	25.57	24.69	22.67	28.3	24.14
Total Non-Interest Expense	89.16	88.58	87.89	82.66	83.21	78.56
EBT Excluding Unusual Items	96.21	94.55	95.54	96.45	83.77	88.56
Pretax Income	96.21	94.55	95.54	96.45	83.77	88.56
Income Tax Expense	32.35	32.25	34.43	37.4	31.64	34.2
Earnings From Continuing Operations	63.86	62.3	61.11	59.06	52.12	54.35
Minority Interest in Earnings	0	0	-0	0	0	-0
Net Income	63.86	62.3	61.11	59.06	52.12	54.35
Net Income to Common	63.86	62.3	61.11	59.06	52.12	54.35
Net Income Growth	7.63%	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	7.63%	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	33.62%	34.11%	36.04%	38.77%	37.78%	38.62%

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