Safwa Islamic Bank (ASE:SIBK)

Model N 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	101.63	94.55	88.06	71.47	58.75	47.81
Interest Paid on Deposits	115.98	110.06	94.23	63.21	45.66	38.25
Net Interest Income	-14.35	-15.51	-6.17	8.26	13.1	9.56
Net Interest Income Growth (YoY)	-	-	-	-36.94%	36.97%	109.27%
Gain (Loss) on Sale of Assets	0.59	0.59	0.08	-0	0.01	-0.01
Gain (Loss) on Sale of Investments	33.31	27.21	15.12	9.39	5.86	6.94
Gain (Loss) on Sale of Equity Investments	0.01	-0.02	0	0.01	0	0.01
Other Non-Interest Income	95.13	93.71	71.06	48.31	39.73	35.87
Total Non-Interest Income	129.04	121.49	86.27	57.7	45.6	42.8
Non-Interest Income Growth (YoY)	26.46%	40.83%	49.50%	26.54%	6.55%	-1.34%
Revenues Before Loan Losses	114.69	105.98	80.1	65.96	58.7	52.36
Provision for Loan Losses	33.15	32.98	15.91	12.03	9.52	10.04
Revenue	81.54	73	64.19	53.93	49.18	42.31
Revenue Growth (YoY)	24.14%	13.72%	19.02%	9.67%	16.22%	-0.90%
Salaries and Employee Benefits	21.27	19.47	16.96	15.38	14.4	13.12
Occupancy Expenses	5.18	4.98	4.89	5.24	5.07	5.09
Federal Deposit Insurance	5.48	5.01	4.47	-	-	-
Selling, General & Administrative	2.85	2.82	1.77	1.57	1.62	1.64
Other Non-Interest Expense	9.52	7.93	7.79	7.32	5.27	6.62
Total Non-Interest Expense	44.29	40.21	35.87	29.51	26.36	26.48
EBT Excluding Unusual Items	37.24	32.79	28.32	24.42	22.82	15.83
Pretax Income	37.24	32.79	28.32	24.42	22.82	15.83
Income Tax Expense	14.28	12.56	10.81	9.31	8.76	5.66
Net Income	22.96	20.22	17.51	15.11	14.06	10.17
Net Income to Common	22.96	20.22	17.51	15.11	14.06	10.17
Net Income Growth	30.41%	15.50%	15.87%	7.48%	38.29%	1.51%
Basic Shares Outstanding	150	150	150	150	150	150
Diluted Shares Outstanding	150	150	150	150	150	150
EPS (Basic)	0.15	0.13	0.12	0.10	0.09	0.07
EPS (Diluted)	0.15	0.13	0.12	0.10	0.09	0.07
EPS Growth	30.81%	15.50%	15.87%	7.48%	38.29%	1.51%
Dividend Per Share	-	-	-	-	0.040	0.040
Effective Tax Rate	38.35%	38.32%	38.18%	38.12%	38.38%	35.78%

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