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

DIB Income Statement

Financials in millions AED. 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	19,051	17,227	11,739	9,013	10,370	10,723
Interest Paid on Deposits	10,386	8,477	3,634	2,373	3,672	4,418
Net Interest Income	8,665	8,749	8,105	6,639	6,699	6,306
Net Interest Income Growth (YoY)	-0.78%	7.95%	22.07%	-0.89%	6.23%	5.92%
Gain (Loss) on Sale of Assets	0.02	0.02	-2.45	13.32	5.5	0.15
Gain (Loss) on Sale of Investments	0.69	0.69	9.16	415.53	526.72	328.17
Gain (Loss) on Sale of Equity Investments	382.41	214.93	128.3	115.95	20.14	58.36
Other Non-Interest Income	2,224	2,119	1,860	1,930	2,083	2,154
Total Non-Interest Income	3,538	2,916	2,363	2,782	2,772	2,961
Non-Interest Income Growth (YoY)	34.60%	23.42%	-15.09%	0.37%	-6.39%	31.69%
Revenues Before Loan Losses	12,203	11,665	10,467	9,422	9,471	9,267
Provision for Loan Losses	702.45	1,581	2,103	2,394	4,015	1,736
Revenue	11,501	10,084	8,364	7,028	5,455	7,531
Revenue Growth (YoY)	23.66%	20.56%	19.02%	28.82%	-27.56%	2.21%
Salaries and Employee Benefits	1,942	1,724	1,583	1,511	1,700	1,587
Occupancy Expenses	245.4	205.53	183.56	179.34	190.71	139.14
Selling, General & Administrative	1,267	1,232	966.5	838.57	837.68	632.39
Total Non-Interest Expense	3,454	3,162	2,733	2,529	2,728	2,358
EBT Excluding Unusual Items	8,047	6,922	5,631	4,498	2,728	5,173
Asset Writedown	185.45	185.45	-	-54.16	-536.47	-27.84
Other Unusual Items	-	-	-	-	1,015	-
Pretax Income	8,232	7,108	5,631	4,444	3,206	5,145
Income Tax Expense	597.25	97.61	79.23	38.1	46.06	42.27
Earnings From Continuing Operations	7,635	7,010	5,552	4,406	3,160	5,103
Minority Interest in Earnings	-234.21	-212.28	-77.45	-15.03	134.13	-88.22
Net Income	7,401	6,798	5,474	4,391	3,294	5,014
Preferred Dividends & Other Adjustments	424.42	424.42	425.03	578.89	554.88	468.8
Net Income to Common	6,976	6,373	5,049	3,812	2,739	4,546
Net Income Growth	20.82%	24.17%	24.67%	33.31%	-34.31%	1.99%
Basic Shares Outstanding	7,227	7,227	7,227	7,227	7,227	6,576
Diluted Shares Outstanding	7,227	7,227	7,227	7,227	7,227	6,576
Shares Change (YoY)	-	-	-	-	9.90%	7.49%
EPS (Basic)	0.97	0.88	0.70	0.53	0.38	0.69
EPS (Diluted)	0.97	0.88	0.70	0.53	0.38	0.69
EPS Growth	22.38%	26.22%	32.46%	39.18%	-45.17%	-4.28%
Dividend Per Share	0.450	0.450	0.300	0.250	0.200	0.350
Dividend Growth	50.00%	50.00%	20.00%	25.00%	-42.86%	0%
Effective Tax Rate	7.26%	1.37%	1.41%	0.86%	1.44%	0.82%

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