Jordan Kuwait Bank (ASE:JOKB)

Jordan Kuwait Bank Income Statement

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

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

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