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	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	380.38	332.83	222.76	129.94	98.78
Total Interest Income	380.38	332.83	222.76	129.94	98.78
Interest Paid on Borrowings	59.02	45.61	33.96	11	7.03
Total Interest Expense	59.02	45.61	33.96	11	7.03
Net Interest Income	321.36	287.22	188.8	118.94	91.75
Net Interest Income Growth (YoY)	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	21.42	18.17	21.04	9.33	2.7
Other Non-Interest Income	42.44	41.06	29.03	-34.15	-28.06
Total Non-Interest Income	63.86	59.23	40.94	-22.34	-25.25
Non-Interest Income Growth (YoY)	7.82%	44.67%	-	-	-
Revenues Before Loan Losses	385.23	346.45	229.74	96.6	66.5
Provision for Loan Losses	35.91	21.17	22.99	12.68	12.51
Revenue	349.31	325.28	206.75	83.91	53.99
Revenue Growth (YoY)	7.39%	57.33%	146.38%	55.44%	32.02%
Salaries and Employee Benefits	46.69	44.35	31.77	23.56	17.03
Occupancy Expenses	12.88	8.06	4.32	2.29	1.28
Selling, General & Administrative	4.74	4.49	3.42	1.99	1.87
Other Non-Interest Expense	192.48	191.99	130.12	22.8	12.82
Total Non-Interest Expense	256.79	248.88	169.62	50.64	33
EBT Excluding Unusual Items	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	92.52	76.4	52.69	33.07	21.22
Income Tax Expense	7.06	6.9	4.51	-	-
Earnings From Continuing Operations	85.46	69.5	48.18	33.07	21.22
Minority Interest in Earnings	-8.63	-10.49	-5.95	-1.48	0.14
Net Income	76.83	59.01	42.23	31.59	21.37
Preferred Dividends & Other Adjustments	11.01	4.01	-	-	-
Net Income to Common	65.83	55	42.23	31.59	21.37
Net Income Growth	30.20%	39.75%	33.66%	47.86%	133.72%
Basic Shares Outstanding	3,102	3,071	2,988	2,990	3,093
Diluted Shares Outstanding	3,102	3,071	2,988	2,990	3,093
Shares Change (YoY)	1.01%	2.79%	-0.05%	-3.35%	0.85%
EPS (Basic)	0.02	0.02	0.01	0.01	0.01
EPS (Diluted)	0.02	0.02	0.01	0.01	0.01
EPS Growth	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	7.63%	9.03%	8.56%	-	-

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