Kuwait International Bank K.S.C.P. (KWSE: KIB)

KIB 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	181.84	171.59	113.79	82.08	89.08	103.44
Interest Paid on Deposits	118.37	118.72	70.14	32.05	40.25	50.75
Net Interest Income	63.47	52.88	43.65	50.04	48.83	52.68
Net Interest Income Growth (YoY)	36.28%	21.14%	-12.76%	2.48%	-7.32%	-1.81%
Gain (Loss) on Sale of Assets	2.48	2.48	2.64	-	0.06	-
Gain (Loss) on Sale of Investments	-0.24	-0.24	-0.16	1.27	0.39	1
Gain (Loss) on Sale of Equity Investments	0.16	0.16	0.08	0.13	0.01	0.02
Other Non-Interest Income	19.22	17.38	16.3	15.35	11.06	14.81
Total Non-Interest Income	21.61	19.77	18.87	16.75	11.52	15.83
Non-Interest Income Growth (YoY)	-0.64%	4.76%	12.64%	45.47%	-27.24%	22.00%
Revenues Before Loan Losses	85.08	72.65	62.52	66.79	60.34	68.51
Provision for Loan Losses	3.93	4.68	2.77	13.96	26.64	10.37
Revenue	81.15	67.97	59.75	52.83	33.7	58.15
Revenue Growth (YoY)	25.98%	13.75%	13.11%	56.75%	-42.04%	-0.87%
Salaries and Employee Benefits	25.55	23.91	24.42	22.53	19.7	20.97
Occupancy Expenses	7.29	6.74	5.06	4.42	4.24	3.69
Selling, General & Administrative	18.19	17.13	15.87	14.23	13.03	15.35
Other Non-Interest Expense	0.77	0.55	0.42	0.29	0	0.46
Total Non-Interest Expense	52.11	48.51	45.9	41.58	36.96	40.65
EBT Excluding Unusual Items	29.04	19.46	13.85	11.25	-3.26	17.5
Asset Writedown	-	-	-	-0.07	-0.12	-
Other Unusual Items	-	-	-	-	1.9	-
Pretax Income	29.04	19.46	13.85	11.18	0.12	17.5
Income Tax Expense	0.3	0.2	0.15	0.11	-	0.18
Earnings From Continuing Operations	28.74	19.26	13.7	11.08	0.12	17.32
Minority Interest in Earnings	-0.25	-0.17	-0.11	-0.19	-0.12	-0.18
Net Income	28.49	19.09	13.6	10.89	0	17.15
Preferred Dividends & Other Adjustments	5.21	5.22	5.2	5.12	5.19	2.57
Net Income to Common	23.28	13.87	8.39	5.78	-5.19	14.57
Net Income Growth	73.17%	40.42%	24.82%	1089100.00%	-99.99%	-17.93%
Basic Shares Outstanding	1,581	1,391	1,192	1,136	1,136	1,136
Diluted Shares Outstanding	1,581	1,391	1,192	1,136	1,136	1,136
Shares Change (YoY)	18.61%	16.68%	4.92%	-0.00%	-	-0.00%
EPS (Basic)	0.01	0.01	0.01	0.01	-0.00	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	-0.00	0.01
EPS Growth	74.54%	41.64%	38.53%	-	-	-30.25%
Dividend Per Share	0.005	0.005	0.004	0.004	-	0.006
Dividend Growth	28.95%	28.95%	5.56%	-	-	-33.33%
Effective Tax Rate	1.04%	1.03%	1.09%	0.94%	-	1.03%

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