Egyptian Gulf Bank (S.A.E) (EGX: EGBE)

EGBE 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	16,018	12,011	8,234	7,615	7,367	7,508
Interest Income on Investments	4.98	5.13	2.17	1.2	1.22	3.39
Total Interest Income	16,023	12,016	8,237	7,616	7,368	7,511
Interest Paid on Deposits	11,517	8,351	5,191	4,856	4,752	5,557
Net Interest Income	4,506	3,665	3,045	2,760	2,616	1,954
Net Interest Income Growth (YoY)	30.71%	20.35%	10.33%	5.49%	33.88%	10.99%
Income From Trading Activities	412.82	527.46	88.47	72.3	164.1	89.04
Gain (Loss) on Sale of Assets	-0.47	-0.48	0.4	0.58	0.61	0.61
Gain (Loss) on Sale of Investments	313.31	116.69	45.51	24.37	31.88	14.59
Other Non-Interest Income	1,095	662.21	285.14	210.7	199.63	250.72
Total Non-Interest Income	1,820	1,306	419.52	307.96	396.21	354.96
Non-Interest Income Growth (YoY)	134.56%	211.28%	36.23%	-22.28%	11.62%	11.60%
Revenues Before Loan Losses	6,326	4,971	3,465	3,068	3,013	2,309
Provision for Loan Losses	575.75	515.8	238.82	224.43	424.17	211.65
Revenue	5,751	4,455	3,226	2,844	2,589	2,098
Revenue Growth (YoY)	46.68%	38.10%	13.44%	9.86%	23.40%	8.43%
Salaries and Employee Benefits	1,133	1,127	952.51	7.09	19.11	19.08
Selling, General & Administrative	1,416	992.36	651.58	1,374	1,354	1,101
Other Non-Interest Expense	-148.96	-169.26	30.1	-97.05	179.3	-22.63
Total Non-Interest Expense	2,401	1,964	1,618	1,285	1,555	1,094
EBT Excluding Unusual Items	3,350	2,491	1,608	1,559	1,033	1,004
Pretax Income	3,350	2,491	1,608	1,559	1,033	1,004
Income Tax Expense	1,262	1,008	762.16	857.85	406.18	344.54
Earnings From Continuing Operations	2,088	1,483	845.83	700.82	627.11	659.54
Earnings From Discontinued Operations	-	-6.4	-	-5.49	-2.23	-1.58
Minority Interest in Earnings	13.1	-0.01	0	0	-0	0
Net Income	2,101	1,477	845.83	695.34	624.88	657.96
Preferred Dividends & Other Adjustments	400	250.62	103.02	91.95	82.81	72.46
Net Income to Common	1,701	1,226	742.81	603.39	542.07	585.5
Net Income Growth	89.03%	74.58%	21.64%	11.27%	-5.03%	16.17%
Basic Shares Outstanding	510	510	510	507	510	502
Diluted Shares Outstanding	510	510	510	507	510	502
Shares Change (YoY)	8.87%	-	0.62%	-0.61%	1.63%	0.09%
EPS (Basic)	3.33	2.40	1.46	1.19	1.06	1.17
EPS (Diluted)	3.33	2.40	1.46	1.19	1.06	1.17
EPS Growth	73.72%	65.06%	22.35%	12.00%	-8.90%	16.27%
Effective Tax Rate	37.67%	40.47%	47.40%	55.04%	39.31%	34.31%

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