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	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	444.88	396.77	283.71	223.19	223.06	207.63
Interest Paid on Deposits	252.26	224.29	116.49	65.68	84.18	88.17
Net Interest Income	192.62	172.48	167.22	157.51	138.89	119.46
Net Interest Income Growth (YoY)	15.47%	3.14%	6.17%	13.40%	16.26%	-0.70%
Gain (Loss) on Sale of Assets	-	-	1.17	0.48	-	-
Gain (Loss) on Sale of Investments	1.78	2.26	-2.42	2.69	1.03	1.38
Gain (Loss) on Sale of Equity Investments	0.55	0.51	0.71	0.4	0.27	2.04
Other Non-Interest Income	39.18	41.18	32.5	26.14	26.12	22.94
Total Non-Interest Income	41.51	43.94	31.96	29.7	27.42	26.36
Non-Interest Income Growth (YoY)	-6.85%	37.51%	7.61%	8.30%	4.03%	26.03%
Revenues Before Loan Losses	234.13	216.42	199.18	187.2	166.31	145.82
Provision for Loan Losses	20.79	31.73	43.61	50.75	59.02	18.71
Revenue	213.34	184.69	155.57	136.45	107.29	127.11
Revenue Growth (YoY)	23.00%	18.72%	14.01%	27.18%	-15.59%	8.28%
Salaries and Employee Benefits	68.24	63.66	60.26	52.45	45.23	36.09
Occupancy Expenses	16.13	14.34	12.37	9.57	9.16	7.89
Selling, General & Administrative	38.16	33.16	28.75	25.8	20.46	17.53
Total Non-Interest Expense	122.53	111.16	101.38	87.82	74.85	61.51
EBT Excluding Unusual Items	90.81	73.53	54.2	48.64	32.45	65.59
Asset Writedown	3.68	1.61	2.18	0.58	-1.55	-1.03
Other Unusual Items	-	-	-	-	2.73	0.98
Pretax Income	94.49	75.14	56.38	49.21	33.62	65.54
Income Tax Expense	1.81	-3.08	2.11	1.26	0.07	2.87
Earnings From Continuing Operations	92.68	78.22	54.27	47.96	33.55	62.68
Minority Interest in Earnings	0.18	2.22	3.51	0.54	0.87	-0.03
Net Income	92.87	80.44	57.79	48.49	34.42	62.65
Preferred Dividends & Other Adjustments	6.05	6.08	6.07	5.35	5.19	5.13
Net Income to Common	86.82	74.36	51.72	43.15	29.24	57.52
Net Income Growth	32.10%	39.20%	19.16%	40.88%	-45.06%	11.65%
Basic Shares Outstanding	4,200	4,200	4,104	3,925	3,751	3,672
Diluted Shares Outstanding	4,200	4,200	4,104	3,925	3,751	3,672
Shares Change (YoY)	-0.01%	2.34%	4.56%	4.65%	2.16%	6.12%
EPS (Basic)	0.02	0.02	0.01	0.01	0.01	0.02
EPS (Diluted)	0.02	0.02	0.01	0.01	0.01	0.02
EPS Growth	35.20%	40.50%	14.64%	41.02%	-50.25%	6.28%
Dividend Per Share	0.007	0.007	0.005	0.004	-	0.007
Dividend Growth	38.89%	38.89%	25.58%	-	-	18.64%
Effective Tax Rate	1.91%	-	3.74%	2.55%	0.22%	4.37%

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