alBaraka Bank Egypt S.A.E. (EGX: SAUD)

SAUD 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	17,263	12,279	8,350	7,206	7,576	8,112
Interest Income on Investments	32.32	40.55	20.99	6.26	3.39	7.89
Total Interest Income	17,295	12,320	8,371	7,212	7,580	8,120
Interest Paid on Deposits	11,734	7,905	4,908	4,444	5,110	6,215
Net Interest Income	5,562	4,415	3,463	2,768	2,469	1,904
Net Interest Income Growth (YoY)	32.36%	27.52%	25.10%	12.08%	29.67%	0.69%
Income From Trading Activities	151.35	72.12	104.95	63.98	73.7	95.27
Gain (Loss) on Sale of Assets	64.13	33.67	1.61	1.13	-	-
Gain (Loss) on Sale of Investments	-	-	-	0.68	2.35	-0.37
Other Non-Interest Income	694.85	410.07	268.83	271.55	196.87	272.01
Total Non-Interest Income	910.32	515.86	375.39	337.33	272.92	366.91
Non-Interest Income Growth (YoY)	110.19%	37.42%	11.28%	23.60%	-25.62%	2.11%
Revenues Before Loan Losses	6,472	4,931	3,838	3,105	2,742	2,271
Provision for Loan Losses	463.34	235.3	341.01	554.79	371.59	247.03
Revenue	6,009	4,696	3,497	2,550	2,371	2,024
Revenue Growth (YoY)	41.35%	34.29%	37.12%	7.57%	17.12%	5.81%
Salaries and Employee Benefits	-	-	-	363.97	286.62	259.95
Occupancy Expenses	-	-	-	94.1	-	-
Selling, General & Administrative	1,490	1,231	900	339	376.77	314.75
Other Non-Interest Expense	314.29	79.23	-64.7	9.89	-320.63	-84.8
Total Non-Interest Expense	1,804	1,310	835.3	806.96	342.76	489.9
EBT Excluding Unusual Items	4,205	3,386	2,662	1,743	2,028	1,534
Legal Settlements	6.87	6.87	-11.98	-	-10.43	-3.12
Pretax Income	4,147	3,393	2,650	1,743	2,018	1,531
Income Tax Expense	1,314	1,175	900.58	617.43	761.38	464.29
Earnings From Continuing Operations	2,833	2,218	1,749	1,126	1,256	1,067
Minority Interest in Earnings	0.19	0.14	-0.03	-0.12	-0.17	-0.26
Net Income	2,833	2,218	1,749	1,126	1,256	1,067
Preferred Dividends & Other Adjustments	375.75	321.91	223.68	130.55	172.55	158.87
Net Income to Common	2,457	1,896	1,525	995.24	1,084	907.84
Net Income Growth	35.11%	26.81%	55.36%	-10.37%	17.75%	6.28%
Basic Shares Outstanding	727	727	727	727	727	727
Diluted Shares Outstanding	727	727	727	727	727	727
Shares Change (YoY)	-	-	-	-0.00%	-	-
EPS (Basic)	3.38	2.61	2.10	1.37	1.49	1.25
EPS (Diluted)	3.38	2.61	2.10	1.37	1.49	1.25
EPS Growth	36.57%	24.30%	53.27%	-8.15%	19.35%	4.16%
Effective Tax Rate	31.68%	34.63%	33.99%	35.42%	37.74%	30.32%

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