Commercial International Bank (Egypt) S.A.E (EGX: COMI)

COMI Income Statement

Financials in millions EGP. 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	162,022	104,028	55,724	45,078	42,196	42,601
Interest Income on Investments	221.29	234.01	52.41	59.73	50.18	53.42
Total Interest Income	162,243	104,262	55,776	45,138	42,246	42,654
Interest Paid on Deposits	81,140	51,099	24,719	20,112	17,024	21,022
Net Interest Income	81,103	53,164	31,057	25,026	25,223	21,632
Net Interest Income Growth (YoY)	72.56%	71.18%	24.10%	-0.78%	16.60%	19.06%
Income From Trading Activities	18,972	3,943	2,750	708.3	406.63	688.06
Gain (Loss) on Sale of Assets	3.72	1.66	2.21	2.95	1.09	1.44
Gain (Loss) on Sale of Investments	434.32	221.81	1,162	594.86	922.83	450.7
Other Non-Interest Income	6,709	5,438	3,078	2,390	2,076	2,281
Total Non-Interest Income	26,120	9,605	6,992	3,697	3,406	3,421
Non-Interest Income Growth (YoY)	173.06%	37.36%	89.15%	8.52%	-0.43%	-12.35%
Revenues Before Loan Losses	107,223	62,768	38,050	28,722	28,629	25,053
Provision for Loan Losses	6,798	4,270	1,585	1,680	5,019	1,435
Revenue	100,425	58,498	36,465	27,042	23,610	23,618
Revenue Growth (YoY)	85.76%	60.42%	34.84%	14.54%	-0.03%	24.33%
Salaries and Employee Benefits	-	-	-	609.74	552.44	464.54
Amortization of Goodwill & Intangibles	-	24.19	10.37	10.37	6.91	238.72
Selling, General & Administrative	12,755	10,076	7,372	5,573	5,073	4,584
Other Non-Interest Expense	18,911	6,592	5,082	1,990	2,744	1,796
Total Non-Interest Expense	31,691	16,749	12,482	8,168	8,354	7,083
EBT Excluding Unusual Items	68,734	41,750	23,983	18,875	15,256	16,535
Other Unusual Items	-	-	-	-	8.09	-
Pretax Income	68,668	41,653	23,941	18,833	15,236	16,535
Income Tax Expense	19,068	11,942	7,769	5,566	5,000	4,734
Earnings From Continuing Operations	49,600	29,711	16,172	13,268	10,236	11,801
Earnings From Discontinued Operations	7.6	-42.1	-	-	-	-
Minority Interest in Earnings	-30.95	-34.32	-57.76	4.45	1.83	-
Net Income	49,577	29,635	16,114	13,272	10,238	11,801
Preferred Dividends & Other Adjustments	5,585	3,857	1,712	1,248	1,045	1,360
Net Income to Common	43,992	25,777	14,402	12,024	9,193	10,441
Net Income Growth	88.17%	83.90%	21.41%	29.63%	-13.24%	23.16%
Basic Shares Outstanding	3,002	3,002	3,002	2,983	2,964	2,944
Diluted Shares Outstanding	3,038	3,038	3,038	3,011	2,986	2,956
Shares Change (YoY)	-0.89%	-	0.91%	0.84%	1.00%	2.67%
EPS (Basic)	14.65	8.59	4.80	4.03	3.10	3.55
EPS (Diluted)	14.48	8.48	4.74	3.99	3.08	3.53
EPS Growth	93.11%	78.90%	18.80%	29.65%	-12.93%	20.37%
Dividend Per Share	0.550	0.550	0.538	0.900	-	0.623
Dividend Growth	2.23%	2.23%	-40.22%	-	-	56.27%
Effective Tax Rate	27.77%	28.67%	32.45%	29.55%	32.82%	28.63%

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