Société Arabe Internationale de Banque S.A.E (EGX: SAIB)

SAIB Income Statement

Financials in millions USD. 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	432.04	404.04	379.73	398.58	399.2	495.47
Interest Income on Investments	0.67	0.83	0.57	0.46	0.86	1
Total Interest Income	432.71	404.87	380.3	399.04	400.06	496.48
Interest Paid on Deposits	281.36	260.55	236.55	266.38	273.75	401.22
Net Interest Income	151.35	144.31	143.74	132.66	126.31	95.26
Net Interest Income Growth (YoY)	5.20%	0.40%	8.35%	5.03%	32.60%	25.09%
Income From Trading Activities	2.55	6.65	10.97	6.34	6.61	4.86
Gain (Loss) on Sale of Assets	0.23	0.28	0.36	-	0.19	4.02
Gain (Loss) on Sale of Investments	0.01	0.38	1.63	6.96	1.98	2.6
Other Non-Interest Income	20.53	17.83	22.01	19.22	16.77	26.29
Total Non-Interest Income	23.32	25.15	34.96	32.52	25.55	37.76
Non-Interest Income Growth (YoY)	-19.16%	-28.08%	7.53%	27.26%	-32.34%	40.74%
Revenues Before Loan Losses	174.67	169.46	178.71	165.18	151.86	133.02
Provision for Loan Losses	19.93	24.99	27.68	19.99	8.25	-0.31
Revenue	154.74	144.47	151.03	145.18	143.61	133.33
Revenue Growth (YoY)	12.53%	-4.34%	4.02%	1.09%	7.71%	34.59%
Selling, General & Administrative	92.5	93.1	99.04	100.21	90.19	79.38
Other Non-Interest Expense	-0.01	-0.26	1.09	-1.27	2.34	2.53
Total Non-Interest Expense	93.7	93.14	102.61	96.19	92.56	82.03
EBT Excluding Unusual Items	61.04	51.33	48.41	49	51.05	51.3
Legal Settlements	-0.04	-0.03	-0.02	-0.1	2.25	-2.28
Pretax Income	61	51.3	48.4	48.9	53.3	49.02
Income Tax Expense	21.44	20.14	18.24	28.96	32.86	37.91
Net Income	39.57	31.16	30.15	19.93	20.44	11.11
Preferred Dividends & Other Adjustments	7.83	7.83	7.3	4.86	4.88	3.89
Net Income to Common	31.74	23.33	22.86	15.07	15.56	7.22
Net Income Growth	50.54%	3.32%	51.28%	-2.49%	84.01%	-
Basic Shares Outstanding	33	33	33	33	33	33
Diluted Shares Outstanding	33	33	33	33	33	33
EPS (Basic)	0.96	0.70	0.69	0.46	0.47	0.22
EPS (Diluted)	0.96	0.70	0.69	0.46	0.47	0.22
EPS Growth	67.15%	2.05%	51.65%	-3.15%	115.59%	-
Dividend Per Share	0.500	0.500	-	-	-	-
Effective Tax Rate	35.14%	39.27%	37.69%	59.24%	61.65%	77.34%

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