Emirates NBD Bank PJSC (DFM: EMIRATESNBD)

Emirates NBD Bank PJSC 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	68,725	57,319	34,838	26,486	28,017	28,022
Interest Paid on Deposits	37,721	27,239	11,616	9,561	10,530	11,834
Net Interest Income	31,004	30,080	23,222	16,925	17,487	16,188
Net Interest Income Growth (YoY)	9.91%	29.53%	37.21%	-3.22%	8.03%	25.61%
Income From Trading Activities	690	480	52	150.82	180.04	208.8
Gain (Loss) on Sale of Assets	332	389	25	-3.06	-0.03	2.01
Gain (Loss) on Sale of Investments	266	413	114	195.01	-243.18	4,319
Other Non-Interest Income	10,825	11,666	9,094	6,554	5,787	6,091
Total Non-Interest Income	12,113	12,948	9,285	6,897	5,724	10,620
Non-Interest Income Growth (YoY)	6.43%	39.45%	34.62%	20.50%	-46.11%	135.24%
Revenues Before Loan Losses	43,117	43,028	32,507	23,822	23,211	26,808
Provision for Loan Losses	283	3,448	5,184	5,899	7,936	4,818
Revenue	42,834	39,580	27,323	17,923	15,275	21,990
Revenue Growth (YoY)	21.22%	44.86%	52.45%	17.34%	-30.54%	40.47%
Salaries and Employee Benefits	7,392	6,772	5,350	4,566	4,617	4,197
Occupancy Expenses	1,198	1,139	1,077	1,057	1,161	1,008
Amortization of Goodwill & Intangibles	-	28	163	163.3	163.3	68.04
Selling, General & Administrative	3,757	3,757	2,664	2,206	1,915	1,934
Total Non-Interest Expense	12,347	11,696	9,254	8,013	7,844	7,188
EBT Excluding Unusual Items	30,487	27,884	18,069	9,910	7,430	14,802
Other Unusual Items	-4,494	-4,229	-3,095	-	-	92.02
Pretax Income	25,993	23,655	14,974	9,910	7,430	14,894
Income Tax Expense	2,952	2,134	1,964	604.17	465.3	390.43
Earnings From Continuing Operations	23,041	21,521	13,010	9,306	6,965	14,504
Minority Interest in Earnings	-39	-41	-7	-8.43	-5.62	-1.08
Net Income	23,002	21,480	13,003	9,298	6,960	14,503
Preferred Dividends & Other Adjustments	511	511	511	592.23	651.09	5,054
Net Income to Common	22,491	20,969	12,492	8,705	6,308	9,449
Net Income Growth	15.34%	65.19%	39.85%	33.59%	-52.01%	44.44%
Basic Shares Outstanding	6,311	6,311	6,311	6,311	6,311	5,620
Diluted Shares Outstanding	6,311	6,311	6,311	6,311	6,311	5,620
Shares Change (YoY)	-0.79%	-	0.00%	-	12.28%	1.24%
EPS (Basic)	3.56	3.32	1.98	1.38	1.00	1.68
EPS (Diluted)	3.56	3.32	1.98	1.38	1.00	1.68
EPS Growth	15.90%	67.86%	43.49%	37.99%	-40.54%	-1.19%
Dividend Per Share	1.200	1.200	0.600	0.500	0.400	0.400
Dividend Growth	100.00%	100.00%	20.00%	25.00%	0%	0%
Effective Tax Rate	11.36%	9.02%	13.12%	6.10%	6.26%	2.62%

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