Warba Bank K.S.C.P. (KWSE: WARBABANK)

Warba Bank K.S.C.P. 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 Investments	244.41	224.81	129.3	95.41	109.28	109.57
Total Interest Income	244.41	224.81	129.3	95.41	109.28	109.57
Interest Paid on Deposits	191.4	180.78	81.06	48.58	62.83	64.08
Net Interest Income	53.01	44.03	48.24	46.83	46.46	45.49
Net Interest Income Growth (YoY)	24.40%	-8.73%	3.01%	0.81%	2.13%	13.59%
Gain (Loss) on Sale of Assets	1.9	1.9	0.58	2.6	2.05	0.06
Gain (Loss) on Sale of Investments	-5.8	1.47	0.31	14.85	11.16	-2.39
Gain (Loss) on Sale of Equity Investments	-0.2	-0.2	16.31	27.01	8.54	7.27
Other Non-Interest Income	18.88	17.01	13.84	15.88	9.66	9.55
Total Non-Interest Income	14.78	20.18	31.04	60.35	31.4	14.49
Non-Interest Income Growth (YoY)	-39.32%	-34.99%	-48.58%	92.23%	116.62%	35.32%
Revenues Before Loan Losses	67.79	64.2	79.28	107.18	77.85	59.98
Provision for Loan Losses	2.91	2.51	23.86	59.76	46.64	19.91
Revenue	64.88	61.7	55.42	47.43	31.22	40.08
Revenue Growth (YoY)	12.69%	11.32%	16.86%	51.93%	-22.11%	17.31%
Salaries and Employee Benefits	26.82	26.45	22.59	20.44	17.67	14.81
Occupancy Expenses	7.23	5.78	6.45	6.03	4.62	3.17
Selling, General & Administrative	9.55	8.78	6.1	4.4	4	4.55
Other Non-Interest Expense	0.56	0.54	0.53	0.44	0.17	0.45
Total Non-Interest Expense	44.35	41.74	35.85	31.46	26.46	23.14
EBT Excluding Unusual Items	20.53	19.96	19.57	15.96	4.76	16.93
Asset Writedown	-0.08	-0.08	-0.08	0.17	0.94	-0.22
Pretax Income	20.45	19.88	19.49	16.14	5.7	16.71
Income Tax Expense	0.22	0.21	0.21	0.17	0.07	0.18
Net Income	20.23	19.67	19.29	15.96	5.63	16.54
Preferred Dividends & Other Adjustments	3.07	3.08	4.53	5.77	4.98	4.94
Net Income to Common	17.16	16.59	14.76	10.2	0.65	11.6
Net Income Growth	12.57%	1.96%	20.82%	183.35%	-65.93%	29.83%
Basic Shares Outstanding	2,184	2,184	2,184	1,848	1,830	1,720
Diluted Shares Outstanding	2,184	2,184	2,184	1,848	1,830	1,720
Shares Change (YoY)	-	-	18.16%	1.01%	6.40%	35.18%
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	15.22%	12.39%	22.52%	1449.44%	-94.72%	9.54%
Dividend Per Share	-	-	0.003	-	-	-
Effective Tax Rate	1.07%	1.07%	1.05%	1.06%	1.14%	1.05%

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