Al Salam Bank B.S.C. (BAX:SALAM)

Al Salam Bank B.S.C. Income Statement

Financials in millions BHD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	383.67	380.38	332.83	222.76	129.94	98.78
Interest Income on Investments	7.26	-	-	-	-	-
Total Interest Income	390.93	380.38	332.83	222.76	129.94	98.78
Interest Paid on Borrowings	61.99	59.02	45.61	33.96	11	7.03
Total Interest Expense	61.99	59.02	45.61	33.96	11	7.03
Net Interest Income	328.94	321.36	287.22	188.8	118.94	91.75
Net Interest Income Growth (YoY)	5.47%	11.89%	52.13%	58.74%	29.63%	8.55%
Gain (Loss) on Sale of Assets	-	-	-	-	-0.02	0.17
Gain (Loss) on Sale of Investments	-	-	-	-9.13	2.51	-0.05
Gain (Loss) on Sale of Equity Investments	22.93	21.42	18.17	21.04	9.33	2.7
Other Non-Interest Income	44.5	42.44	41.06	29.03	-34.15	-28.06
Total Non-Interest Income	67.43	63.86	59.23	40.94	-22.34	-25.25
Non-Interest Income Growth (YoY)	12.22%	7.82%	44.67%	-	-	-
Revenues Before Loan Losses	396.37	385.23	346.45	229.74	96.6	66.5
Provision for Loan Losses	36.08	35.91	21.17	22.99	12.68	12.51
Revenue	360.3	349.31	325.28	206.75	83.91	53.99
Revenue Growth (YoY)	4.60%	7.39%	57.33%	146.38%	55.44%	32.02%
Salaries and Employee Benefits	47.97	46.69	44.35	31.77	23.56	17.03
Occupancy Expenses	12.88	12.88	8.06	4.32	2.29	1.28
Selling, General & Administrative	4.74	4.74	4.49	3.42	1.99	1.87
Other Non-Interest Expense	195.63	192.48	191.99	130.12	22.8	12.82
Total Non-Interest Expense	261.21	256.79	248.88	169.62	50.64	33
EBT Excluding Unusual Items	99.09	92.52	76.4	37.13	33.27	20.99
Asset Writedown	-	-	-	-	-0.2	-0.11
Other Unusual Items	-	-	-	15.56	-	0.35
Pretax Income	99.09	92.52	76.4	52.69	33.07	21.22
Income Tax Expense	7.4	7.06	6.9	4.51	-	-
Earnings From Continuing Operations	91.69	85.46	69.5	48.18	33.07	21.22
Minority Interest in Earnings	-10.32	-8.63	-10.49	-5.95	-1.48	0.14
Net Income	81.37	76.83	59.01	42.23	31.59	21.37
Preferred Dividends & Other Adjustments	11.01	11.01	4.01	-	-	-
Net Income to Common	70.37	65.83	55	42.23	31.59	21.37
Net Income Growth	27.95%	30.20%	39.75%	33.66%	47.86%	133.72%
Basic Shares Outstanding	3,177	3,102	3,071	2,988	2,990	3,093
Diluted Shares Outstanding	3,177	3,102	3,071	2,988	2,990	3,093
Shares Change (YoY)	2.12%	1.01%	2.79%	-0.05%	-3.35%	0.85%
EPS (Basic)	0.02	0.02	0.02	0.01	0.01	0.01
EPS (Diluted)	0.02	0.02	0.02	0.01	0.01	0.01
EPS Growth	15.63%	18.48%	26.73%	33.73%	52.97%	131.81%
Dividend Per Share	-	0.007	0.005	0.006	0.004	0.003
Dividend Growth	-	44.23%	-10.35%	48.72%	30.00%	-16.67%
Effective Tax Rate	7.46%	7.63%	9.03%	8.56%	-	-

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