Bank al Etihad (ASE: UBSI)

Bank al Etihad 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	459.98	430.39	315.77	261.4	253.5	252.88
Interest Income on Investments	0.75	1.16	0.69	0.47	0.62	1.04
Total Interest Income	460.73	431.55	316.46	261.87	254.12	253.92
Interest Paid on Deposits	239.47	217.49	135.12	104.2	102.66	116.45
Net Interest Income	221.26	214.06	181.34	157.67	151.45	137.48
Net Interest Income Growth (YoY)	8.23%	18.04%	15.01%	4.11%	10.17%	6.59%
Gain (Loss) on Sale of Assets	-0.04	-0.04	0.78	-0.02	-0.2	-0.45
Gain (Loss) on Sale of Investments	2.65	1.91	-1.53	2.9	2.44	0.39
Other Non-Interest Income	54.6	47.53	46.31	35	30.62	34.35
Total Non-Interest Income	57.2	49.4	45.56	37.88	32.86	34.29
Non-Interest Income Growth (YoY)	17.82%	8.42%	20.28%	15.27%	-4.17%	21.31%
Revenues Before Loan Losses	278.47	263.46	226.9	195.55	184.31	171.77
Provision for Loan Losses	55.72	41.92	34.24	28.89	40.18	17.31
Revenue	222.74	221.54	192.66	166.66	144.14	154.46
Revenue Growth (YoY)	5.33%	14.99%	15.60%	15.62%	-6.68%	5.57%
Salaries and Employee Benefits	59.22	57.22	52.54	48.75	44.16	46.52
Occupancy Expenses	19.97	19.64	19.75	18.41	18.01	12.62
Amortization of Goodwill & Intangibles	-	-	-	-	-	3.32
Selling, General & Administrative	14.28	14.17	11.64	4.94	5.07	6.15
Other Non-Interest Expense	45.46	40.7	36.12	27.55	29.96	23.88
Total Non-Interest Expense	139.14	131.14	120.93	101.33	97.17	92.03
EBT Excluding Unusual Items	83.6	90.4	71.73	65.33	46.97	62.43
Legal Settlements	-	-	-	-0.15	-0.06	-1.09
Pretax Income	83.6	90.4	71.73	65.18	46.91	61.35
Income Tax Expense	30.78	32.66	27.93	23.76	16.86	23.33
Earnings From Continuing Operations	52.82	57.74	43.8	41.43	30.04	38.02
Minority Interest in Earnings	-10.6	-10.6	-9.47	-8.93	-6.48	-6.4
Net Income	42.22	47.14	34.33	32.5	23.57	31.61
Net Income to Common	42.22	47.14	34.33	32.5	23.57	31.61
Net Income Growth	-2.63%	37.32%	5.62%	37.90%	-25.45%	-11.54%
Basic Shares Outstanding	200	200	200	200	200	200
Diluted Shares Outstanding	200	200	200	200	200	200
EPS (Basic)	0.21	0.24	0.17	0.16	0.12	0.16
EPS (Diluted)	0.21	0.24	0.17	0.16	0.12	0.16
EPS Growth	-2.63%	37.32%	5.62%	37.90%	-25.45%	-11.54%
Dividend Per Share	0.100	0.100	0.080	0.080	0.080	0.080
Dividend Growth	25.00%	25.00%	0%	0%	0%	-28.57%
Effective Tax Rate	36.82%	36.13%	38.94%	36.45%	35.95%	38.03%

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