Commercial Bank of Kuwait K.P.S.C. (KWSE:CBK)

KWSE:CBK 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	237.71	217.51	130.89	98.18	124.96
Interest Income on Investments	3.74	3.75	3.2	3.65	3.61
Total Interest Income	241.45	221.26	134.09	101.83	128.56
Interest Paid on Deposits	120.05	104.46	45.34	23.93	45.97
Net Interest Income	121.4	116.8	88.75	77.9	82.59
Net Interest Income Growth (YoY)	3.94%	31.61%	13.93%	-5.68%	-18.90%
Gain (Loss) on Sale of Assets	-	-	-	-	-0.06
Gain (Loss) on Sale of Investments	0.12	0.11	0.05	0.79	0.53
Other Non-Interest Income	58.45	53.26	51.06	46.17	48.53
Total Non-Interest Income	58.57	53.37	51.11	46.96	49.01
Non-Interest Income Growth (YoY)	9.74%	4.42%	8.84%	-4.17%	-13.79%
Revenues Before Loan Losses	179.97	170.17	139.87	124.86	131.59
Provision for Loan Losses	-47.71	0.14	25.79	24.15	91.39
Revenue	227.68	170.03	114.08	100.72	40.2
Revenue Growth (YoY)	33.90%	49.05%	13.27%	150.52%	-19.95%
Salaries and Employee Benefits	35.6	28.86	17.87	27.15	22.77
Occupancy Expenses	1.56	2.73	1.91	1.99	2.26
Selling, General & Administrative	25.83	22.04	17.31	14.42	15.11
Total Non-Interest Expense	62.99	53.62	37.09	43.56	40.14
EBT Excluding Unusual Items	164.69	116.41	76.98	57.16	0.07
Pretax Income	164.69	116.41	76.98	57.16	0.07
Income Tax Expense	7.46	5.24	3.37	2.42	0.02
Earnings From Continuing Operations	157.23	111.18	73.61	54.74	0.05
Minority Interest in Earnings	-0.03	-0.03	-0.03	-0.1	-0.05
Net Income	157.2	111.15	73.59	54.64	-
Net Income to Common	157.2	111.15	73.59	54.64	-
Net Income Growth	41.43%	51.05%	34.68%	-	-
Basic Shares Outstanding	1,793	1,856	1,976	1,965	1,985
Diluted Shares Outstanding	1,793	1,856	1,976	1,965	1,985
Shares Change (YoY)	-3.40%	-6.08%	0.59%	-1.00%	-1.98%
EPS (Basic)	0.09	0.06	0.04	0.03	-
EPS (Diluted)	0.09	0.06	0.04	0.03	-
EPS Growth	46.40%	60.83%	33.89%	-	-
Dividend Per Share	0.052	0.037	0.025	0.020	-
Dividend Growth	40.54%	48.00%	25.00%	-	-
Effective Tax Rate	4.53%	4.50%	4.38%	4.24%	24.62%

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