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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	474.06	430.39	315.77	261.4	253.5	252.88
Interest Income on Investments	0.67	1.16	0.69	0.47	0.62	1.04
Total Interest Income	474.73	431.55	316.46	261.87	254.12	253.92
Interest Paid on Deposits	246.8	217.49	135.12	104.2	102.66	116.45
Net Interest Income	227.93	214.06	181.34	157.67	151.45	137.48
Net Interest Income Growth (YoY)	9.83%	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	3.81	1.91	-1.53	2.9	2.44	0.39
Other Non-Interest Income	60.53	47.53	46.31	35	30.62	34.35
Total Non-Interest Income	64.3	49.4	45.56	37.88	32.86	34.29
Non-Interest Income Growth (YoY)	33.12%	8.42%	20.28%	15.27%	-4.17%	21.31%
Revenues Before Loan Losses	292.23	263.46	226.9	195.55	184.31	171.77
Provision for Loan Losses	65.12	41.92	34.24	28.89	40.18	17.31
Revenue	227.12	221.54	192.66	166.66	144.14	154.46
Revenue Growth (YoY)	6.24%	14.99%	15.60%	15.62%	-6.68%	5.57%
Salaries and Employee Benefits	60.36	57.22	52.54	48.75	44.16	46.52
Occupancy Expenses	9.68	19.64	19.75	18.41	18.01	12.62
Amortization of Goodwill & Intangibles	-	-	-	-	-	3.32
Selling, General & Administrative	14.32	14.17	11.64	4.94	5.07	6.15
Other Non-Interest Expense	60.98	40.7	36.12	27.55	29.96	23.88
Total Non-Interest Expense	145.2	131.14	120.93	101.33	97.17	92.03
EBT Excluding Unusual Items	81.92	90.4	71.73	65.33	46.97	62.43
Legal Settlements	-	-	-	-0.15	-0.06	-1.09
Pretax Income	81.92	90.4	71.73	65.18	46.91	61.35
Income Tax Expense	30.39	32.66	27.93	23.76	16.86	23.33
Earnings From Continuing Operations	51.52	57.74	43.8	41.43	30.04	38.02
Minority Interest in Earnings	-11.27	-10.6	-9.47	-8.93	-6.48	-6.4
Net Income	40.26	47.14	34.33	32.5	23.57	31.61
Net Income to Common	40.26	47.14	34.33	32.5	23.57	31.61
Net Income Growth	-8.60%	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)	0.20	0.24	0.17	0.16	0.12	0.16
EPS (Diluted)	0.20	0.24	0.17	0.16	0.12	0.16
EPS Growth	-8.60%	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	37.10%	36.13%	38.94%	36.45%	35.95%	38.03%

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