Jordan Kuwait Bank (ASE:JOKB)

Jordan Kuwait Bank Income Statement

Financials in millions JOD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	280.94	277.08	253.02	166.18	127.16	135.51
Interest Income on Investments	1.43	1.52	2.49	1.67	1.07	2.77
Total Interest Income	282.37	278.6	255.51	167.84	128.23	138.28
Interest Paid on Deposits	133.76	138.45	119.78	65.06	42.82	50.7
Net Interest Income	148.61	140.15	135.73	102.78	85.41	87.58
Net Interest Income Growth (YoY)	9.83%	3.26%	32.05%	20.34%	-2.48%	-4.51%
Gain (Loss) on Sale of Assets	-1.83	-1.83	4.3	-1.02	-2.32	-0.52
Gain (Loss) on Sale of Investments	2.74	2.42	1.86	-0.01	-0.4	-6.19
Other Non-Interest Income	246.61	250.86	133.54	31.76	23.21	21.03
Total Non-Interest Income	247.52	251.45	139.7	30.73	20.49	14.32
Non-Interest Income Growth (YoY)	50.38%	79.99%	354.57%	50.01%	43.08%	-52.92%
Revenues Before Loan Losses	396.13	391.6	275.43	133.52	105.9	101.9
Provision for Loan Losses	59.83	47.2	60.25	33.58	28.46	40.47
Revenue	336.3	344.4	215.17	99.94	77.44	61.43
Revenue Growth (YoY)	31.56%	60.06%	115.31%	29.06%	26.06%	-43.05%
Salaries and Employee Benefits	49.57	48.84	48.71	33.32	29.89	28.87
Occupancy Expenses	8.88	8.5	6.82	4.79	4.47	4.72
Selling, General & Administrative	13.8	13.8	10.64	7.71	6.1	5.64
Other Non-Interest Expense	42.17	40.4	41.54	26.63	25.83	27.39
Total Non-Interest Expense	114.42	111.54	107.72	72.45	66.3	66.61
EBT Excluding Unusual Items	221.88	232.86	107.45	27.49	11.14	-5.18
Asset Writedown	-	-	-	-	1.53	-0.04
Legal Settlements	-1.69	-1.69	-1.29	-0.6	-0.6	-0.36
Other Unusual Items	-	-	15.49	0.46	-	-
Pretax Income	220.2	231.17	121.65	27.34	12.07	-5.58
Income Tax Expense	32.59	36.85	31.61	8.61	4.37	-1.61
Earnings From Continuing Operations	187.6	194.32	90.04	18.73	7.7	-3.97
Earnings From Discontinued Operations	-	-	-	-	-	-0.54
Minority Interest in Earnings	-75.29	-76.99	-30.93	-0.05	0.03	-
Net Income	112.32	117.33	59.11	18.68	7.74	-4.51
Net Income to Common	112.32	117.33	59.11	18.68	7.74	-4.51
Net Income Growth	68.20%	98.50%	216.39%	141.43%	-	-
Basic Shares Outstanding	150	150	150	150	150	150
Diluted Shares Outstanding	150	150	150	150	150	150
EPS (Basic)	0.75	0.78	0.39	0.12	0.05	-0.03
EPS (Diluted)	0.75	0.78	0.39	0.12	0.05	-0.03
EPS Growth	68.20%	98.50%	216.39%	141.43%	-	-
Dividend Per Share	0.120	0.120	0.080	0.080	0.070	-
Dividend Growth	50.00%	50.00%	-	14.29%	-	-
Effective Tax Rate	14.80%	15.94%	25.99%	31.49%	36.18%	-

Updated Feb 13, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.