Safwa Islamic Bank (ASE:SIBK)

Safwa Islamic Bank Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	111.95	94.55	88.06	71.47	58.75
Interest Paid on Deposits	125.02	110.06	94.23	63.21	45.66
Net Interest Income	-13.07	-15.51	-6.17	8.26	13.1
Net Interest Income Growth (YoY)	-	-	-	-36.94%	36.97%
Gain (Loss) on Sale of Assets	1.58	0.59	0.08	-0	0.01
Gain (Loss) on Sale of Investments	38.97	27.21	15.12	9.39	5.86
Gain (Loss) on Sale of Equity Investments	0.01	-0.02	0	0.01	0
Other Non-Interest Income	92.67	93.71	71.06	48.31	39.73
Total Non-Interest Income	133.22	121.49	86.27	57.7	45.6
Non-Interest Income Growth (YoY)	9.66%	40.83%	49.50%	26.54%	6.55%
Revenues Before Loan Losses	120.15	105.98	80.1	65.96	58.7
Provision for Loan Losses	28.36	32.98	15.91	12.03	9.52
Revenue	91.79	73	64.19	53.93	49.18
Revenue Growth (YoY)	25.75%	13.72%	19.02%	9.67%	16.22%
Salaries and Employee Benefits	23.46	19.47	16.96	15.38	14.4
Occupancy Expenses	5.31	4.98	4.89	5.24	5.07
Federal Deposit Insurance	5.95	5.01	4.47	-	-
Selling, General & Administrative	2.7	2.82	1.77	1.57	1.62
Other Non-Interest Expense	10.45	7.93	7.79	7.32	5.27
Total Non-Interest Expense	47.86	40.21	35.87	29.51	26.36
EBT Excluding Unusual Items	43.93	32.79	28.32	24.42	22.82
Pretax Income	43.93	32.79	28.32	24.42	22.82
Income Tax Expense	17.21	12.56	10.81	9.31	8.76
Net Income	26.71	20.22	17.51	15.11	14.06
Net Income to Common	26.71	20.22	17.51	15.11	14.06
Net Income Growth	32.09%	15.50%	15.87%	7.48%	38.29%
Basic Shares Outstanding	150	150	150	150	150
Diluted Shares Outstanding	150	150	150	150	150
EPS (Basic)	0.18	0.13	0.12	0.10	0.09
EPS (Diluted)	0.18	0.13	0.12	0.10	0.09
EPS Growth	32.09%	15.50%	15.87%	7.48%	38.29%
Dividend Per Share	-	-	-	-	0.040
Effective Tax Rate	39.19%	38.32%	38.18%	38.12%	38.38%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.