Boubyan Bank K.S.C.P. (KWSE:BOUBYAN)

Boubyan Bank K.S.C.P. 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	458.52	396.77	283.71	223.19	223.06
Interest Paid on Deposits	258.09	224.29	116.49	65.68	84.18
Net Interest Income	200.43	172.48	167.22	157.51	138.89
Net Interest Income Growth (YoY)	16.21%	3.14%	6.17%	13.40%	16.26%
Gain (Loss) on Sale of Assets	-0.96	-	1.17	0.48	-
Gain (Loss) on Sale of Investments	2.26	2.26	-2.42	2.69	1.03
Gain (Loss) on Sale of Equity Investments	0.03	0.51	0.71	0.4	0.27
Other Non-Interest Income	46.75	41.18	32.5	26.14	26.12
Total Non-Interest Income	48.08	43.94	31.96	29.7	27.42
Non-Interest Income Growth (YoY)	9.41%	37.51%	7.61%	8.30%	4.03%
Revenues Before Loan Losses	248.51	216.42	199.18	187.2	166.31
Provision for Loan Losses	19.27	31.73	43.61	50.75	59.02
Revenue	229.24	184.69	155.57	136.45	107.29
Revenue Growth (YoY)	24.12%	18.72%	14.01%	27.18%	-15.59%
Salaries and Employee Benefits	71.65	63.66	60.26	52.45	45.23
Occupancy Expenses	16.86	14.34	12.37	9.57	9.16
Selling, General & Administrative	38.2	33.16	28.75	25.8	20.46
Total Non-Interest Expense	126.71	111.16	101.38	87.82	74.85
EBT Excluding Unusual Items	102.53	73.53	54.2	48.64	32.45
Asset Writedown	-2.33	1.61	2.18	0.58	-1.55
Other Unusual Items	-	-	-	-	2.73
Pretax Income	100.2	75.14	56.38	49.21	33.62
Income Tax Expense	3.42	-3.08	2.11	1.26	0.07
Earnings From Continuing Operations	96.78	78.22	54.27	47.96	33.55
Minority Interest in Earnings	0.02	2.22	3.51	0.54	0.87
Net Income	96.8	80.44	57.79	48.49	34.42
Preferred Dividends & Other Adjustments	6.05	6.08	6.07	5.35	5.19
Net Income to Common	90.75	74.36	51.72	43.15	29.24
Net Income Growth	20.34%	39.20%	19.16%	40.88%	-45.06%
Basic Shares Outstanding	4,200	4,200	4,104	3,925	3,751
Diluted Shares Outstanding	4,200	4,200	4,104	3,925	3,751
Shares Change (YoY)	-0.00%	2.34%	4.56%	4.65%	2.16%
EPS (Basic)	0.02	0.02	0.01	0.01	0.01
EPS (Diluted)	0.02	0.02	0.01	0.01	0.01
EPS Growth	22.05%	40.50%	14.64%	41.02%	-50.25%
Dividend Per Share	0.010	0.008	0.005	0.004	-
Dividend Growth	25.00%	48.15%	25.58%	-	-
Effective Tax Rate	3.41%	-	3.74%	2.55%	0.22%

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