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	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 Investments	244.86	224.81	129.3	95.41	109.28
Total Interest Income	244.86	224.81	129.3	95.41	109.28
Interest Paid on Deposits	190.07	180.78	81.06	48.58	62.83
Net Interest Income	54.79	44.03	48.24	46.83	46.46
Net Interest Income Growth (YoY)	24.44%	-8.73%	3.01%	0.81%	2.13%
Gain (Loss) on Sale of Assets	-	1.9	0.58	2.6	2.05
Gain (Loss) on Sale of Investments	10.03	1.47	0.31	14.85	11.16
Gain (Loss) on Sale of Equity Investments	-7.97	-0.2	16.31	27.01	8.54
Other Non-Interest Income	25.39	17.01	13.84	15.88	9.66
Total Non-Interest Income	27.46	20.18	31.04	60.35	31.4
Non-Interest Income Growth (YoY)	36.07%	-34.99%	-48.58%	92.23%	116.62%
Revenues Before Loan Losses	82.24	64.2	79.28	107.18	77.85
Provision for Loan Losses	10.41	2.51	23.86	59.76	46.64
Revenue	71.84	61.7	55.42	47.43	31.22
Revenue Growth (YoY)	16.44%	11.32%	16.86%	51.93%	-22.11%
Salaries and Employee Benefits	29.12	26.45	22.59	20.44	17.67
Occupancy Expenses	7.53	5.78	6.45	6.03	4.62
Selling, General & Administrative	9.77	8.78	6.1	4.4	4
Other Non-Interest Expense	0.62	0.54	0.53	0.44	0.17
Total Non-Interest Expense	47.25	41.74	35.85	31.46	26.46
EBT Excluding Unusual Items	24.58	19.96	19.57	15.96	4.76
Asset Writedown	-1.94	-0.08	-0.08	0.17	0.94
Pretax Income	22.65	19.88	19.49	16.14	5.7
Income Tax Expense	0.24	0.21	0.21	0.17	0.07
Net Income	22.4	19.67	19.29	15.96	5.63
Preferred Dividends & Other Adjustments	3.08	3.08	4.53	5.77	4.98
Net Income to Common	19.33	16.59	14.76	10.2	0.65
Net Income Growth	13.91%	1.96%	20.82%	183.35%	-65.93%
Basic Shares Outstanding	2,184	2,184	2,184	1,848	1,830
Diluted Shares Outstanding	2,184	2,184	2,184	1,848	1,830
Shares Change (YoY)	-	-	18.16%	1.01%	6.40%
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	16.52%	12.39%	22.52%	1449.44%	-94.72%
Dividend Per Share	-	-	0.003	-	-
Effective Tax Rate	1.07%	1.07%	1.05%	1.06%	1.14%

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