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

KWSE:KIB 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	185.46	171.59	113.79	82.08	89.08
Interest Paid on Deposits	117.48	118.72	70.14	32.05	40.25
Net Interest Income	67.98	52.88	43.65	50.04	48.83
Net Interest Income Growth (YoY)	28.56%	21.14%	-12.76%	2.48%	-7.32%
Gain (Loss) on Sale of Assets	-	2.48	2.64	-	0.06
Gain (Loss) on Sale of Investments	0.23	-0.24	-0.16	1.27	0.39
Gain (Loss) on Sale of Equity Investments	0.01	0.16	0.08	0.13	0.01
Other Non-Interest Income	23.15	17.38	16.3	15.35	11.06
Total Non-Interest Income	23.39	19.77	18.87	16.75	11.52
Non-Interest Income Growth (YoY)	18.32%	4.76%	12.64%	45.47%	-27.24%
Revenues Before Loan Losses	91.37	72.65	62.52	66.79	60.34
Provision for Loan Losses	13.87	4.68	2.77	13.96	26.64
Revenue	77.5	67.97	59.75	52.83	33.7
Revenue Growth (YoY)	14.02%	13.75%	13.11%	56.75%	-42.04%
Salaries and Employee Benefits	26.56	23.91	24.42	22.53	19.7
Occupancy Expenses	7.57	6.74	5.06	4.42	4.24
Selling, General & Administrative	18.9	17.13	15.87	14.23	13.03
Other Non-Interest Expense	0.63	0.55	0.42	0.29	0
Total Non-Interest Expense	53.91	48.51	45.9	41.58	36.96
EBT Excluding Unusual Items	23.59	19.46	13.85	11.25	-3.26
Asset Writedown	-	-	-	-0.07	-0.12
Other Unusual Items	-	-	-	-	1.9
Pretax Income	23.59	19.46	13.85	11.18	0.12
Income Tax Expense	0.25	0.2	0.15	0.11	-
Earnings From Continuing Operations	23.34	19.26	13.7	11.08	0.12
Minority Interest in Earnings	-0.26	-0.17	-0.11	-0.19	-0.12
Net Income	23.08	19.09	13.6	10.89	0
Preferred Dividends & Other Adjustments	5.66	5.22	5.2	5.12	5.19
Net Income to Common	17.42	13.87	8.39	5.78	-5.19
Net Income Growth	20.89%	40.42%	24.82%	1089100.00%	-99.99%
Basic Shares Outstanding	1,577	1,391	1,192	1,136	1,136
Diluted Shares Outstanding	1,577	1,391	1,192	1,136	1,136
Shares Change (YoY)	13.45%	16.68%	4.92%	-0.00%	-
EPS (Basic)	0.01	0.01	0.01	0.01	-0.00
EPS (Diluted)	0.01	0.01	0.01	0.01	-0.00
EPS Growth	10.68%	41.64%	38.53%	-	-
Dividend Per Share	0.005	0.005	0.004	0.004	-
Dividend Growth	2.04%	28.95%	5.56%	-	-
Effective Tax Rate	1.04%	1.03%	1.09%	0.94%	-

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