Safwa Islamic Bank (ASE:SIBK)

Safwa Islamic 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	98.83	94.55	88.06	71.47	58.75	47.81
Interest Paid on Deposits	136.68	110.06	94.23	63.21	45.66	38.25
Net Interest Income	-37.85	-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	29.57	27.21	15.12	9.39	5.86	6.94
Gain (Loss) on Sale of Equity Investments	-0.02	-0.02	0	0.01	0	0.01
Other Non-Interest Income	95.29	93.71	71.06	48.31	39.73	35.87
Total Non-Interest Income	125.43	121.49	86.27	57.7	45.6	42.8
Non-Interest Income Growth (YoY)	34.39%	40.83%	49.50%	26.54%	6.55%	-1.34%
Revenues Before Loan Losses	87.58	105.98	80.1	65.96	58.7	52.36
Provision for Loan Losses	36.22	32.98	15.91	12.03	9.52	10.04
Revenue	51.36	73	64.19	53.93	49.18	42.31
Revenue Growth (YoY)	-42.88%	13.72%	19.02%	9.67%	16.22%	-0.90%
Salaries and Employee Benefits	20.45	19.47	16.96	15.38	14.4	13.12
Occupancy Expenses	5.07	4.98	4.89	5.24	5.07	5.09
Federal Deposit Insurance	5.24	5.01	4.47	-	-	-
Selling, General & Administrative	2.84	2.82	1.77	1.57	1.62	1.64
Other Non-Interest Expense	-15.98	7.93	7.79	7.32	5.27	6.62
Total Non-Interest Expense	17.62	40.21	35.87	29.51	26.36	26.48
EBT Excluding Unusual Items	33.73	32.79	28.32	24.42	22.82	15.83
Pretax Income	33.73	32.79	28.32	24.42	22.82	15.83
Income Tax Expense	12.92	12.56	10.81	9.31	8.76	5.66
Net Income	20.81	20.22	17.51	15.11	14.06	10.17
Net Income to Common	20.81	20.22	17.51	15.11	14.06	10.17
Net Income Growth	17.83%	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)	0.14	0.13	0.12	0.10	0.09	0.07
EPS (Diluted)	0.14	0.13	0.12	0.10	0.09	0.07
EPS Growth	17.83%	15.50%	15.87%	7.48%	38.29%	1.51%
Dividend Per Share	-	-	-	-	0.040	0.040
Effective Tax Rate	38.31%	38.32%	38.18%	38.12%	38.38%	35.78%

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