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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	273.57	253.02	166.18	127.16	135.51	152.21
Interest Income on Investments	1.77	2.49	1.67	1.07	2.77	1.88
Total Interest Income	275.34	255.51	167.84	128.23	138.28	154.09
Interest Paid on Deposits	139.21	119.78	65.06	42.82	50.7	62.37
Net Interest Income	136.13	135.73	102.78	85.41	87.58	91.72
Net Interest Income Growth (YoY)	11.20%	32.05%	20.34%	-2.48%	-4.51%	-0.53%
Gain (Loss) on Sale of Assets	6.61	5.92	-1.02	-2.32	-0.52	0
Gain (Loss) on Sale of Investments	-0.74	1.96	-0.01	-0.4	-6.19	0.48
Other Non-Interest Income	203.72	135.97	31.76	23.21	21.03	29.93
Total Non-Interest Income	209.58	143.85	30.73	20.49	14.32	30.42
Non-Interest Income Growth (YoY)	257.38%	368.06%	50.01%	43.08%	-52.92%	-3.98%
Revenues Before Loan Losses	345.71	279.57	133.52	105.9	101.9	122.13
Provision for Loan Losses	44.2	60.25	33.58	28.46	40.47	14.26
Revenue	301.51	219.32	99.94	77.44	61.43	107.87
Revenue Growth (YoY)	107.87%	119.46%	29.06%	26.06%	-43.05%	-14.62%
Salaries and Employee Benefits	50.1	48.71	33.32	29.89	28.87	27.6
Occupancy Expenses	7.24	6.82	4.79	4.47	4.72	6.57
Selling, General & Administrative	13.06	11.86	7.71	6.1	5.64	4.98
Other Non-Interest Expense	54.61	44.47	26.63	25.83	27.39	20.63
Total Non-Interest Expense	125.01	111.87	72.45	66.3	66.61	59.79
EBT Excluding Unusual Items	176.5	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	175.21	121.65	27.34	12.07	-5.58	46.76
Income Tax Expense	43.63	31.61	8.61	4.37	-1.61	16.86
Earnings From Continuing Operations	131.58	90.04	18.73	7.7	-3.97	29.9
Earnings From Discontinued Operations	-	-	-	-	-0.54	0.04
Minority Interest in Earnings	-57.73	-30.93	-0.05	0.03	-	-
Net Income	73.85	59.11	18.68	7.74	-4.51	29.94
Net Income to Common	73.85	59.11	18.68	7.74	-4.51	29.94
Net Income Growth	55.71%	216.39%	141.43%	-	-	-28.96%
Basic Shares Outstanding	150	150	150	150	150	150
Diluted Shares Outstanding	150	150	150	150	150	150
Shares Change (YoY)	0.31%	-	-	-	-	-
EPS (Basic)	0.49	0.39	0.12	0.05	-0.03	0.20
EPS (Diluted)	0.49	0.39	0.12	0.05	-0.03	0.20
EPS Growth	55.22%	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	24.90%	25.99%	31.49%	36.18%	-	36.06%

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