Safwa Islamic Bank (ASE:SIBK)

Safwa Islamic 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	94.55	88.06	71.47	58.75	47.81
Interest Paid on Deposits	110.06	94.23	63.21	45.66	38.25
Net Interest Income	-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	0.08	-0	0.01	-0.01
Gain (Loss) on Sale of Investments	27.21	15.12	9.39	5.86	6.94
Gain (Loss) on Sale of Equity Investments	-0.02	0	0.01	0	0.01
Other Non-Interest Income	93.71	71.06	48.31	39.73	35.87
Total Non-Interest Income	121.49	86.27	57.7	45.6	42.8
Non-Interest Income Growth (YoY)	40.83%	49.50%	26.54%	6.55%	-1.34%
Revenues Before Loan Losses	105.98	80.1	65.96	58.7	52.36
Provision for Loan Losses	32.98	15.91	12.03	9.52	10.04
Revenue	73	64.19	53.93	49.18	42.31
Revenue Growth (YoY)	13.72%	19.02%	9.67%	16.22%	-0.90%
Salaries and Employee Benefits	19.47	16.96	15.38	14.4	13.12
Occupancy Expenses	4.98	4.89	5.24	5.07	5.09
Federal Deposit Insurance	5.01	4.47	-	-	-
Selling, General & Administrative	2.82	1.77	1.57	1.62	1.64
Other Non-Interest Expense	7.93	7.79	7.32	5.27	6.62
Total Non-Interest Expense	40.21	35.87	29.51	26.36	26.48
EBT Excluding Unusual Items	32.79	28.32	24.42	22.82	15.83
Pretax Income	32.79	28.32	24.42	22.82	15.83
Income Tax Expense	12.56	10.81	9.31	8.76	5.66
Net Income	20.22	17.51	15.11	14.06	10.17
Net Income to Common	20.22	17.51	15.11	14.06	10.17
Net Income Growth	15.50%	15.87%	7.48%	38.29%	1.51%
Basic Shares Outstanding	120	120	120	120	120
Diluted Shares Outstanding	120	120	120	120	120
EPS (Basic)	0.17	0.15	0.13	0.12	0.08
EPS (Diluted)	0.17	0.15	0.13	0.12	0.08
EPS Growth	15.50%	15.87%	7.48%	38.29%	1.51%
Dividend Per Share	-	-	-	0.050	0.050
Effective Tax Rate	38.32%	38.18%	38.12%	38.38%	35.78%

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