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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	631.31	610.31	448.31	323.48	254.12	270.26
Interest Income on Investments	1.18	1.13	1.48	2	1.29	1.87
Total Interest Income	632.49	611.44	449.79	325.48	255.41	272.13
Interest Paid on Deposits	463.68	452.92	313.45	176.01	125.95	130.24
Net Interest Income	168.81	158.52	136.35	149.47	129.47	141.89
Net Interest Income Growth (YoY)	24.29%	16.26%	-8.78%	15.45%	-8.76%	-18.68%
Gain (Loss) on Sale of Investments	8.36	8.38	6.71	6.88	29.15	15.13
Gain (Loss) on Sale of Equity Investments	0.25	0.25	0.17	0.13	0.45	-0.01
Other Non-Interest Income	55.74	62.31	77.64	71.43	75.68	55.72
Total Non-Interest Income	64.35	70.93	84.52	78.44	105.28	70.83
Non-Interest Income Growth (YoY)	-27.93%	-16.07%	7.74%	-25.49%	48.63%	-15.93%
Revenues Before Loan Losses	233.16	229.45	220.86	227.91	234.74	212.72
Provision for Loan Losses	41.17	38.07	47.82	25.29	84.64	76.42
Revenue	191.99	191.37	173.04	202.62	150.11	136.31
Revenue Growth (YoY)	12.09%	10.59%	-14.60%	34.99%	10.12%	-34.97%
Salaries and Employee Benefits	76.96	73.56	59.69	53.29	46.29	47.28
Other Non-Interest Expense	49.19	49.35	45.73	74.35	48.52	49.95
Total Non-Interest Expense	126.15	122.92	105.42	127.63	94.81	97.23
EBT Excluding Unusual Items	65.84	68.46	67.62	74.99	55.3	39.08
Other Unusual Items	-	-	-	-	-	-0.69
Pretax Income	65.84	68.46	67.62	74.99	55.3	38.39
Income Tax Expense	17.32	17.84	22.53	16.44	6.71	4.3
Earnings From Continuing Operations	48.52	50.62	45.1	58.55	48.59	34.09
Minority Interest in Earnings	-1.54	-4.18	-1.55	-6.42	-3.2	-0.42
Net Income	46.98	46.44	43.55	52.13	45.39	33.66
Preferred Dividends & Other Adjustments	11.61	9.22	9.06	10.72	8.3	8.9
Net Income to Common	35.37	37.22	34.49	41.42	37.09	24.76
Net Income Growth	1.88%	6.64%	-16.46%	14.85%	34.84%	-60.25%
Basic Shares Outstanding	3,800	3,800	3,800	3,800	3,430	3,392
Diluted Shares Outstanding	3,800	3,800	3,800	3,800	3,430	3,392
Shares Change (YoY)	-	-	-	10.80%	1.12%	1.47%
EPS (Basic)	0.01	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01	0.01
EPS Growth	-4.03%	7.92%	-16.73%	0.79%	48.12%	-61.33%
Dividend Per Share	0.006	0.006	0.005	0.007	0.004	0.004
Dividend Growth	5.56%	5.56%	-22.86%	70.73%	5.13%	-58.51%
Effective Tax Rate	26.30%	26.06%	33.31%	21.92%	12.13%	11.21%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.