Arab Banking Corporation (B.S.C.) (BAX:ABC)

BAX:ABC Income Statement

Financials in millions USD. 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	3,258	3,052	2,039	1,256	1,175
Interest Paid on Deposits	2,356	2,117	1,253	664	659
Net Interest Income	902	935	786	592	516
Net Interest Income Growth (YoY)	-3.53%	18.96%	32.77%	14.73%	-8.51%
Income From Trading Activities	53	33	38	-	-36
Gain (Loss) on Sale of Investments	36	14	16	23	20
Other Non-Interest Income	348	297	261	239	146
Total Non-Interest Income	437	344	315	262	130
Non-Interest Income Growth (YoY)	27.03%	9.21%	20.23%	101.54%	-56.81%
Revenues Before Loan Losses	1,339	1,279	1,101	854	646
Provision for Loan Losses	143	145	119	106	329
Revenue	1,196	1,134	982	748	317
Revenue Growth (YoY)	5.47%	15.48%	31.28%	135.96%	-59.51%
Salaries and Employee Benefits	470	462	426	347	291
Occupancy Expenses	58	56	54	49	43
Other Non-Interest Expense	245	246	210	173	152
Total Non-Interest Expense	773	764	690	569	486
EBT Excluding Unusual Items	423	370	292	179	-169
Pretax Income	423	370	292	179	-169
Income Tax Expense	72	74	83	51	-94
Earnings From Continuing Operations	351	296	209	128	-75
Minority Interest in Earnings	-66	-61	-55	-28	-14
Net Income	285	235	154	100	-89
Preferred Dividends & Other Adjustments	19	18	9	-	-
Net Income to Common	266	217	145	100	-89
Net Income Growth	21.28%	52.60%	54.00%	-	-
Basic Shares Outstanding	3,094	3,094	3,094	3,086	3,086
Diluted Shares Outstanding	3,094	3,094	3,094	3,086	3,086
Shares Change (YoY)	-	-	0.26%	-	-0.06%
EPS (Basic)	0.09	0.07	0.05	0.03	-0.03
EPS (Diluted)	0.09	0.07	0.05	0.03	-0.03
EPS Growth	22.58%	49.66%	44.62%	-	-
Dividend Per Share	0.028	0.022	0.015	0.010	-
Dividend Growth	22.22%	50.00%	50.00%	-	-
Effective Tax Rate	17.02%	20.00%	28.42%	28.49%	-

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