Jordan Kuwait Bank (ASE: JOKB)

Jordan Kuwait 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	274.78	253.02	166.18	127.16	135.51	152.21
Interest Income on Investments	1.69	2.49	1.67	1.07	2.77	1.88
Total Interest Income	276.47	255.51	167.84	128.23	138.28	154.09
Interest Paid on Deposits	134.79	119.78	65.06	42.82	50.7	62.37
Net Interest Income	141.69	135.73	102.78	85.41	87.58	91.72
Net Interest Income Growth (YoY)	10.06%	32.05%	20.34%	-2.48%	-4.51%	-0.53%
Gain (Loss) on Sale of Assets	5.92	5.92	-1.02	-2.32	-0.52	0
Gain (Loss) on Sale of Investments	-0.27	1.96	-0.01	-0.4	-6.19	0.48
Other Non-Interest Income	235.61	135.97	31.76	23.21	21.03	29.93
Total Non-Interest Income	241.26	143.85	30.73	20.49	14.32	30.42
Non-Interest Income Growth (YoY)	155.62%	368.06%	50.01%	43.08%	-52.92%	-3.98%
Revenues Before Loan Losses	382.94	279.57	133.52	105.9	101.9	122.13
Provision for Loan Losses	50.06	60.25	33.58	28.46	40.47	14.26
Revenue	332.89	219.32	99.94	77.44	61.43	107.87
Revenue Growth (YoY)	79.81%	119.46%	29.06%	26.06%	-43.05%	-14.62%
Salaries and Employee Benefits	47.94	48.71	33.32	29.89	28.87	27.6
Occupancy Expenses	7.54	6.82	4.79	4.47	4.72	6.57
Selling, General & Administrative	11.86	11.86	7.71	6.1	5.64	4.98
Other Non-Interest Expense	53.74	44.47	26.63	25.83	27.39	20.63
Total Non-Interest Expense	121.08	111.87	72.45	66.3	66.61	59.79
EBT Excluding Unusual Items	211.81	107.45	27.49	11.14	-5.18	48.08
Asset Writedown	-	-	-	1.53	-0.04	0.33
Legal Settlements	-1.29	-1.29	-0.6	-0.6	-0.36	-1.65
Other Unusual Items	-	15.49	0.46	-	-	-
Pretax Income	210.51	121.65	27.34	12.07	-5.58	46.76
Income Tax Expense	44.18	31.61	8.61	4.37	-1.61	16.86
Earnings From Continuing Operations	166.33	90.04	18.73	7.7	-3.97	29.9
Earnings From Discontinued Operations	-	-	-	-	-0.54	0.04
Minority Interest in Earnings	-71.68	-30.93	-0.05	0.03	-	-
Net Income	94.65	59.11	18.68	7.74	-4.51	29.94
Net Income to Common	94.65	59.11	18.68	7.74	-4.51	29.94
Net Income Growth	61.04%	216.39%	141.43%	-	-	-28.96%
Basic Shares Outstanding	150	150	150	150	150	150
Diluted Shares Outstanding	150	150	150	150	150	150
EPS (Basic)	0.63	0.39	0.12	0.05	-0.03	0.20
EPS (Diluted)	0.63	0.39	0.12	0.05	-0.03	0.20
EPS Growth	61.04%	216.39%	141.43%	-	-	-28.96%
Dividend Per Share	0.080	0.080	0.080	0.070	-	0.013
Dividend Growth	0%	0%	14.29%	-	-	-90.02%
Effective Tax Rate	20.99%	25.99%	31.49%	36.18%	-	36.06%

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