Al Ahli Bank of Kuwait K.S.C.P. (KWSE:ABK)

KWSE:ABK Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	471.44	413.54	269.33	202.03	205.11
Interest Income on Investments	1.79	1.64	1.64	1.07	1.45
Total Interest Income	473.24	415.18	270.97	203.11	206.55
Interest Paid on Deposits	327.26	276.15	143.95	89.54	99.65
Net Interest Income	145.97	139.03	127.02	113.57	106.9
Net Interest Income Growth (YoY)	4.99%	9.46%	11.84%	6.24%	-17.37%
Gain (Loss) on Sale of Investments	1.86	1.22	1.91	2.05	0.43
Gain (Loss) on Sale of Equity Investments	3.65	3.05	3.38	2.43	1.97
Other Non-Interest Income	49.28	41.72	39.26	35.82	32.17
Total Non-Interest Income	54.78	45.99	44.55	40.3	34.57
Non-Interest Income Growth (YoY)	19.10%	3.23%	10.56%	16.57%	-19.86%
Revenues Before Loan Losses	200.75	185.02	171.57	153.86	141.46
Provision for Loan Losses	42.66	39.51	46.63	45.21	136.48
Revenue	158.09	145.51	124.94	108.65	4.98
Revenue Growth (YoY)	8.64%	16.47%	14.99%	2081.37%	-95.06%
Salaries and Employee Benefits	50.78	48.41	45.83	38.86	35.61
Occupancy Expenses	5.52	5.84	7.11	6.74	6.94
Selling, General & Administrative	0.81	0.87	0.76	0.57	-
Other Non-Interest Expense	37.04	33.67	28.12	26.14	25.46
Total Non-Interest Expense	94.15	88.79	81.82	72.3	68.01
EBT Excluding Unusual Items	63.94	56.72	43.12	36.35	-63.03
Asset Writedown	-	-	-0.8	-0.54	-
Pretax Income	63.94	56.72	42.32	35.81	-63.03
Income Tax Expense	11.21	11.28	9.94	8.42	6.48
Earnings From Continuing Operations	52.74	45.45	32.38	27.4	-69.51
Minority Interest in Earnings	-0.32	-0.26	-0.09	-0.18	-0.18
Net Income	52.41	45.19	32.29	27.21	-69.68
Preferred Dividends & Other Adjustments	-	6.73	6.72	6.6	6.72
Net Income to Common	52.41	38.46	25.57	20.62	-76.4
Net Income Growth	16.00%	39.93%	18.66%	-	-
Basic Shares Outstanding	2,477	2,166	2,013	1,952	1,952
Diluted Shares Outstanding	2,477	2,166	2,013	1,952	1,952
Shares Change (YoY)	14.38%	7.57%	3.14%	-0.00%	-0.02%
EPS (Basic)	0.02	0.02	0.01	0.01	-0.04
EPS (Diluted)	0.02	0.02	0.01	0.01	-0.04
EPS Growth	19.16%	39.83%	20.25%	-	-
Dividend Per Share	0.010	0.009	0.007	0.004	-
Dividend Growth	16.28%	19.44%	67.44%	-	-
Effective Tax Rate	17.52%	19.88%	23.49%	23.50%	-

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