Dubai Islamic Bank P.J.S.C. (DFM:DIB)

DFM:DIB Income Statement

Financials in millions AED. 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	19,454	17,227	11,739	9,013	10,370
Interest Paid on Deposits	10,505	8,477	3,634	2,373	3,672
Net Interest Income	8,949	8,749	8,105	6,639	6,699
Net Interest Income Growth (YoY)	2.29%	7.95%	22.07%	-0.89%	6.23%
Gain (Loss) on Sale of Assets	82.85	0.02	-2.45	13.32	5.5
Gain (Loss) on Sale of Investments	96.66	0.69	9.16	415.53	526.72
Gain (Loss) on Sale of Equity Investments	485.27	214.93	128.3	115.95	20.14
Other Non-Interest Income	2,142	2,119	1,860	1,930	2,083
Total Non-Interest Income	3,887	2,916	2,363	2,782	2,772
Non-Interest Income Growth (YoY)	33.32%	23.42%	-15.09%	0.37%	-6.39%
Revenues Before Loan Losses	12,837	11,665	10,467	9,422	9,471
Provision for Loan Losses	422.81	1,581	2,103	2,394	4,015
Revenue	12,414	10,084	8,364	7,028	5,455
Revenue Growth (YoY)	23.11%	20.56%	19.02%	28.82%	-27.56%
Salaries and Employee Benefits	1,989	1,724	1,583	1,511	1,700
Occupancy Expenses	254.82	205.53	183.56	179.34	190.71
Selling, General & Administrative	1,181	1,232	966.5	838.57	837.68
Total Non-Interest Expense	3,425	3,162	2,733	2,529	2,728
EBT Excluding Unusual Items	8,989	6,922	5,631	4,498	2,728
Asset Writedown	16	185.45	-	-54.16	-536.47
Other Unusual Items	-	-	-	-	1,015
Pretax Income	9,005	7,108	5,631	4,444	3,206
Income Tax Expense	839.89	97.61	79.23	38.1	46.06
Earnings From Continuing Operations	8,165	7,010	5,552	4,406	3,160
Minority Interest in Earnings	-230.95	-212.28	-77.45	-15.03	134.13
Net Income	7,934	6,798	5,474	4,391	3,294
Preferred Dividends & Other Adjustments	423.33	424.42	425.03	578.89	554.88
Net Income to Common	7,511	6,373	5,049	3,812	2,739
Net Income Growth	16.72%	24.17%	24.67%	33.31%	-34.31%
Basic Shares Outstanding	7,227	7,227	7,227	7,227	7,227
Diluted Shares Outstanding	7,227	7,227	7,227	7,227	7,227
Shares Change (YoY)	-	-	-	-	9.90%
EPS (Basic)	1.04	0.88	0.70	0.53	0.38
EPS (Diluted)	1.04	0.88	0.70	0.53	0.38
EPS Growth	17.85%	26.22%	32.46%	39.18%	-45.17%
Dividend Per Share	0.450	0.450	0.300	0.250	0.200
Dividend Growth	0%	50.00%	20.00%	25.00%	-42.86%
Effective Tax Rate	9.33%	1.37%	1.41%	0.86%	1.44%

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