Bahrain Islamic Bank B.S.C. (BAX: BISB)

BISB Income Statement

Financials in millions BHD. 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	56.67	52.27	49.41	42.44	40.51	45.46
Interest Income on Investments	15.29	14.99	12.64	13.4	12.66	11.93
Total Interest Income	71.96	67.27	62.05	55.83	53.17	57.4
Interest Paid on Borrowings	34.96	30.23	14.83	10.09	0.18	2.39
Total Interest Expense	34.96	30.23	14.83	10.09	0.18	2.39
Net Interest Income	36.99	37.04	47.22	45.75	52.99	55.01
Net Interest Income Growth (YoY)	-4.61%	-21.57%	3.22%	-13.67%	-3.67%	10.23%
Gain (Loss) on Sale of Equity Investments	0.11	0.35	0.01	-0.27	-0.24	-0.13
Other Non-Interest Income	6.49	7.73	3.71	3.22	-11.33	-12.3
Total Non-Interest Income	6.78	8.29	3.11	2.15	-13.99	-12.7
Non-Interest Income Growth (YoY)	-26.17%	167.12%	44.22%	-	-	-
Revenues Before Loan Losses	43.77	45.33	50.33	47.9	39	42.31
Provision for Loan Losses	8.14	6.48	9.56	16.01	28.16	11
Revenue	35.63	38.86	40.77	31.89	10.84	31.31
Revenue Growth (YoY)	-16.57%	-4.69%	27.83%	194.26%	-65.38%	-9.20%
Salaries and Employee Benefits	13.29	12.38	13.09	11.3	12.26	14.12
Occupancy Expenses	1.86	1.82	1.71	1.58	1.38	1.35
Selling, General & Administrative	2.04	2.04	1.3	1.24	1.16	1.37
Other Non-Interest Expense	12.83	11.31	10.22	8.45	8.61	8.25
Total Non-Interest Expense	30.02	27.56	26.31	22.56	23.4	25.1
EBT Excluding Unusual Items	5.61	11.3	14.45	9.33	-12.56	6.21
Legal Settlements	-	-0.16	-1.89	-3.2	-	-
Pretax Income	5.61	11.14	12.57	6.13	-12.56	6.21
Net Income	5.61	11.14	12.57	6.13	-12.56	6.21
Preferred Dividends & Other Adjustments	1.91	1.9	1.9	-	-	-
Net Income to Common	3.71	9.24	10.67	6.13	-12.56	6.21
Net Income Growth	-55.20%	-11.39%	104.99%	-	-	-45.40%
Basic Shares Outstanding	1,055	1,054	1,053	1,053	1,053	1,052
Diluted Shares Outstanding	1,055	1,054	1,053	1,053	1,053	1,052
Shares Change (YoY)	0.08%	0.06%	0.05%	0.03%	0.03%	0.11%
EPS (Basic)	0.00	0.01	0.01	0.01	-0.01	0.01
EPS (Diluted)	0.00	0.01	0.01	0.01	-0.01	0.01
EPS Growth	-65.15%	-13.47%	73.91%	-	-	-45.46%

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