Burgan Bank K.P.S.C. (KWSE: BURG)

Burgan Bank K.P.S.C. 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	581.98	448.31	323.48	254.12	270.26	346.6
Interest Income on Investments	1.28	1.48	2	1.29	1.87	7.36
Total Interest Income	583.26	449.79	325.48	255.41	272.13	353.96
Interest Paid on Deposits	426.16	313.45	176.01	125.95	130.24	179.48
Net Interest Income	157.1	136.35	149.47	129.47	141.89	174.49
Net Interest Income Growth (YoY)	16.70%	-8.78%	15.45%	-8.76%	-18.68%	-10.93%
Gain (Loss) on Sale of Investments	10.56	6.71	6.88	29.15	15.13	13.97
Gain (Loss) on Sale of Equity Investments	0.17	0.17	0.13	0.45	-0.01	0.09
Other Non-Interest Income	62.62	77.64	71.43	75.68	55.72	70.19
Total Non-Interest Income	73.35	84.52	78.44	105.28	70.83	84.26
Non-Interest Income Growth (YoY)	-12.02%	7.74%	-25.49%	48.62%	-15.93%	19.89%
Revenues Before Loan Losses	230.44	220.86	227.91	234.74	212.72	258.74
Provision for Loan Losses	32.18	47.82	25.29	84.64	76.42	49.14
Revenue	198.26	173.04	202.62	150.11	136.31	209.6
Revenue Growth (YoY)	16.14%	-14.60%	34.99%	10.12%	-34.97%	2.78%
Salaries and Employee Benefits	69.09	59.69	53.29	46.29	47.28	49.7
Selling, General & Administrative	-	-	-	-	-	0.09
Other Non-Interest Expense	64.91	45.73	74.35	48.52	49.95	52.51
Total Non-Interest Expense	133.99	105.42	127.63	94.81	97.23	102.29
EBT Excluding Unusual Items	64.27	67.62	74.99	55.3	39.08	107.31
Other Unusual Items	-	-	-	-	-0.69	-10.66
Pretax Income	64.27	67.62	74.99	55.3	38.39	96.64
Income Tax Expense	15.26	22.53	16.44	6.71	4.3	11.77
Earnings From Continuing Operations	49.01	45.1	58.55	48.59	34.09	84.87
Minority Interest in Earnings	-2.3	-1.55	-6.42	-3.2	-0.42	-0.19
Net Income	46.71	43.55	52.13	45.39	33.66	84.68
Preferred Dividends & Other Adjustments	9.74	9.06	10.72	8.3	8.9	21.58
Net Income to Common	36.97	34.49	41.42	37.09	24.76	63.11
Net Income Growth	13.90%	-16.46%	14.85%	34.84%	-60.25%	2.55%
Basic Shares Outstanding	3,619	3,619	3,619	3,266	3,230	3,183
Diluted Shares Outstanding	3,619	3,619	3,619	3,266	3,230	3,183
Shares Change (YoY)	0.00%	-	10.80%	1.12%	1.47%	8.05%
EPS (Basic)	0.01	0.01	0.01	0.01	0.01	0.02
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01	0.02
EPS Growth	11.74%	-16.74%	0.78%	48.13%	-61.33%	-18.48%
Dividend Per Share	0.006	0.006	0.007	0.004	0.004	0.010
Dividend Growth	-20.83%	-20.83%	67.44%	4.88%	-58.59%	5.32%
Effective Tax Rate	23.75%	33.31%	21.92%	12.13%	11.21%	12.18%

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