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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Investments	243.68	244.86	224.81	129.3	95.41	109.28
Total Interest Income	243.68	244.86	224.81	129.3	95.41	109.28
Interest Paid on Deposits	189.78	190.07	180.78	81.06	48.58	62.83
Net Interest Income	53.9	54.79	44.03	48.24	46.83	46.46
Net Interest Income Growth (YoY)	11.76%	24.44%	-8.73%	3.01%	0.80%	2.13%
Gain (Loss) on Sale of Assets	-	-	1.9	0.58	2.6	2.05
Gain (Loss) on Sale of Investments	11.87	10.03	1.47	0.31	14.85	11.16
Gain (Loss) on Sale of Equity Investments	-7.97	-7.97	-0.2	16.31	27.01	8.54
Other Non-Interest Income	24.29	25.39	17.01	13.84	15.88	9.66
Total Non-Interest Income	28.19	27.46	20.18	31.04	60.35	31.4
Non-Interest Income Growth (YoY)	46.66%	36.07%	-34.99%	-48.58%	92.22%	116.62%
Revenues Before Loan Losses	82.1	82.24	64.2	79.28	107.18	77.85
Provision for Loan Losses	8.83	10.41	2.51	23.86	59.76	46.64
Revenue	73.27	71.84	61.7	55.42	47.43	31.22
Revenue Growth (YoY)	15.37%	16.43%	11.32%	16.86%	51.93%	-22.11%
Salaries and Employee Benefits	29.54	29.12	26.45	22.59	20.44	17.67
Occupancy Expenses	7.41	7.53	5.78	6.45	6.03	4.62
Selling, General & Administrative	10.08	9.77	8.78	6.1	4.4	4
Other Non-Interest Expense	0.64	0.62	0.54	0.53	0.44	0.17
Total Non-Interest Expense	47.9	47.25	41.74	35.85	31.46	26.46
EBT Excluding Unusual Items	25.37	24.58	19.96	19.57	15.96	4.76
Asset Writedown	-1.94	-1.94	-0.08	-0.08	0.17	0.94
Pretax Income	23.43	22.65	19.88	19.49	16.14	5.7
Income Tax Expense	0.25	0.24	0.21	0.21	0.17	0.07
Net Income	23.18	22.4	19.67	19.29	15.96	5.63
Preferred Dividends & Other Adjustments	3.08	3.08	3.08	4.53	5.77	4.98
Net Income to Common	20.11	19.33	16.59	14.76	10.2	0.65
Net Income Growth	15.27%	13.91%	1.97%	20.82%	183.35%	-65.93%
Basic Shares Outstanding	2,315	2,315	2,315	2,315	1,959	1,939
Diluted Shares Outstanding	2,315	2,315	2,315	2,315	1,959	1,939
Shares Change (YoY)	-	-	-	18.15%	1.01%	6.40%
EPS (Basic)	0.01	0.01	0.01	0.01	0.01	0.00
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01	0.00
EPS Growth	18.08%	16.53%	12.39%	22.50%	1448.81%	-94.72%
Dividend Per Share	-	-	-	0.003	-	-
Effective Tax Rate	1.07%	1.07%	1.07%	1.05%	1.06%	1.14%

Updated Feb 11, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.