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

EGX: EGBE Income Statement

Financials in millions EGP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	22,718	22,718	12,011	8,234	7,615	7,367
Interest Income on Investments	6.43	6.43	5.13	2.17	1.2	1.22
Total Interest Income	22,724	22,724	12,016	8,237	7,616	7,368
Interest Paid on Deposits	16,583	16,583	8,351	5,191	4,856	4,752
Net Interest Income	6,141	6,141	3,665	3,045	2,760	2,616
Net Interest Income Growth (YoY)	67.55%	67.55%	20.35%	10.33%	5.49%	33.88%
Income From Trading Activities	404.3	404.3	527.46	88.47	72.3	164.1
Gain (Loss) on Sale of Assets	-1.33	-1.33	-0.48	0.4	0.58	0.61
Gain (Loss) on Sale of Investments	138.14	138.14	116.69	45.51	24.37	31.88
Other Non-Interest Income	1,155	1,155	662.21	285.14	210.7	199.63
Total Non-Interest Income	1,696	1,696	1,306	419.52	307.96	396.21
Non-Interest Income Growth (YoY)	29.88%	29.88%	211.28%	36.23%	-22.28%	11.62%
Revenues Before Loan Losses	7,837	7,837	4,971	3,465	3,068	3,013
Provision for Loan Losses	551.01	551.01	515.8	238.82	224.43	424.17
Revenue	7,286	7,286	4,455	3,226	2,844	2,589
Revenue Growth (YoY)	63.53%	63.53%	38.10%	13.44%	9.86%	23.40%
Salaries and Employee Benefits	18.4	18.4	7.8	952.51	7.09	19.11
Selling, General & Administrative	3,158	3,158	2,111	651.58	1,374	1,354
Other Non-Interest Expense	88.07	88.07	-169.26	30.1	-97.05	179.3
Total Non-Interest Expense	3,252	3,252	1,964	1,618	1,285	1,555
EBT Excluding Unusual Items	4,034	4,034	2,491	1,608	1,559	1,033
Pretax Income	4,034	4,034	2,491	1,608	1,559	1,033
Income Tax Expense	1,483	1,483	1,008	762.16	857.85	406.18
Earnings From Continuing Operations	2,551	2,551	1,483	845.83	700.82	627.11
Earnings From Discontinued Operations	-	-	-6.4	-	-5.49	-2.23
Minority Interest in Earnings	25.24	25.24	-0.01	0	0	-0
Net Income	2,576	2,576	1,477	845.83	695.34	624.88
Preferred Dividends & Other Adjustments	355.8	355.8	250.62	103.02	91.95	82.81
Net Income to Common	2,220	2,220	1,226	742.81	603.39	542.07
Net Income Growth	74.45%	74.45%	74.58%	21.64%	11.27%	-5.03%
Basic Shares Outstanding	505	505	505	510	507	510
Diluted Shares Outstanding	505	505	505	510	507	510
Shares Change (YoY)	-	-	-1.01%	0.62%	-0.61%	1.63%
EPS (Basic)	4.40	4.40	2.43	1.46	1.19	1.06
EPS (Diluted)	4.40	4.40	2.43	1.46	1.19	1.06
EPS Growth	81.08%	81.08%	66.73%	22.35%	12.00%	-8.90%
Effective Tax Rate	36.77%	36.77%	40.47%	47.40%	55.04%	39.31%

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