Al-Arafah Islami Bank PLC. (DSE: ALARABANK)

DSE: ALARABANK Income Statement

Financials in millions BDT. 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	41,442	31,300	25,221	23,446	26,331	28,812
Interest Paid on Deposits	27,888	21,201	16,110	13,073	16,557	18,604
Net Interest Income	13,554	10,098	9,112	10,373	9,775	10,207
Net Interest Income Growth (YoY)	50.81%	10.83%	-12.16%	6.12%	-4.24%	17.32%
Gain (Loss) on Sale of Investments	-79.32	9.84	-31.39	-8.46	-9.73	-21.84
Other Non-Interest Income	8,181	7,799	7,517	4,250	3,655	4,038
Total Non-Interest Income	8,101	7,809	7,486	4,242	3,646	4,016
Non-Interest Income Growth (YoY)	10.85%	4.32%	76.47%	16.35%	-9.21%	6.55%
Revenues Before Loan Losses	21,655	17,907	16,597	14,615	13,420	14,223
Provision for Loan Losses	6,743	2,763	3,168	2,647	1,878	2,846
Revenue	14,912	15,145	13,429	11,968	11,542	11,377
Revenue Growth (YoY)	6.35%	12.77%	12.21%	3.69%	1.45%	10.51%
Salaries and Employee Benefits	6,113	5,220	4,566	3,956	3,814	3,516
Occupancy Expenses	1,545	1,474	1,458	1,287	1,336	917.41
Selling, General & Administrative	1,960	1,912	1,286	1,204	1,030	1,354
Other Non-Interest Expense	1,172	1,057	854.55	682.47	562.15	597.32
Total Non-Interest Expense	10,789	9,663	8,165	7,129	6,742	6,384
EBT Excluding Unusual Items	4,123	5,482	5,264	4,839	4,800	4,993
Pretax Income	4,123	5,482	5,264	4,839	4,800	4,993
Income Tax Expense	2,382	3,125	3,157	2,712	2,228	2,565
Earnings From Continuing Operations	1,741	2,356	2,107	2,126	2,572	2,428
Minority Interest in Earnings	-17.58	-5.46	-30.04	-38.86	-6.57	-3.81
Net Income	1,724	2,351	2,077	2,088	2,565	2,424
Net Income to Common	1,724	2,351	2,077	2,088	2,565	2,424
Net Income Growth	-17.19%	13.22%	-0.53%	-18.62%	5.83%	-1.06%
Basic Shares Outstanding	1,151	1,151	1,152	1,152	1,152	1,152
Diluted Shares Outstanding	1,151	1,151	1,152	1,152	1,152	1,152
Shares Change (YoY)	-0.02%	-0.02%	0.00%	-	-	-
EPS (Basic)	1.50	2.04	1.80	1.81	2.23	2.10
EPS (Diluted)	1.50	2.04	1.80	1.81	2.23	2.10
EPS Growth	-17.17%	13.24%	-0.53%	-18.62%	5.83%	-1.06%
Dividend Per Share	0.952	0.952	1.110	1.387	1.387	1.202
Dividend Growth	-14.17%	-14.17%	-20.00%	0%	15.39%	-11.60%
Effective Tax Rate	57.77%	57.01%	59.98%	56.05%	46.42%	51.38%

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