Bank Dhofar SAOG (MSM: BKDB)

Bank Dhofar SAOG Income Statement

Financials in millions OMR. 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	274.91	261.61	221.27	206.72	205.25	208.37
Interest Paid on Deposits	161.79	150.79	98.85	104.3	97.61	99.31
Net Interest Income	113.12	110.82	122.42	102.42	107.64	109.06
Net Interest Income Growth (YoY)	-2.36%	-9.47%	19.52%	-4.85%	-1.30%	11.94%
Gain (Loss) on Sale of Investments	0.04	0.04	0.01	2.07	0.11	0.16
Other Non-Interest Income	36.68	33.22	20.72	21.95	22.24	20.75
Total Non-Interest Income	36.72	33.26	20.74	24.02	22.35	20.91
Non-Interest Income Growth (YoY)	24.95%	60.41%	-13.68%	7.47%	6.92%	-39.27%
Revenues Before Loan Losses	149.84	144.08	143.15	126.45	129.99	129.96
Provision for Loan Losses	28.29	31.66	33.27	24.65	28.99	22.4
Revenue	121.56	112.42	109.89	101.8	101	107.57
Revenue Growth (YoY)	5.94%	2.31%	7.95%	0.79%	-6.10%	-14.08%
Salaries and Employee Benefits	-	-	-	44.8	41.2	-
Occupancy Expenses	7.09	6.5	7.06	7.09	6.67	5.7
Selling, General & Administrative	68.43	62.14	62.63	20.45	17.21	65.38
Total Non-Interest Expense	75.53	68.65	69.68	72.34	65.08	71.08
EBT Excluding Unusual Items	46.03	43.78	40.2	29.46	35.92	36.49
Pretax Income	46.03	43.78	40.2	29.46	35.92	36.09
Income Tax Expense	4.68	5.02	6.03	4.33	5.34	5.85
Net Income	41.35	38.76	34.17	25.12	30.59	30.24
Preferred Dividends & Other Adjustments	14.63	10.8	9.38	9.38	10.14	10.91
Net Income to Common	26.72	27.96	24.8	15.75	20.44	19.33
Net Income Growth	5.77%	13.42%	36.02%	-17.86%	1.13%	-39.85%
Basic Shares Outstanding	2,996	2,996	2,996	2,996	2,996	2,996
Diluted Shares Outstanding	2,996	2,996	2,996	2,996	2,996	2,996
Shares Change (YoY)	-	-	-	-	-	10.69%
EPS (Basic)	0.01	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.00	0.01	0.01
EPS Growth	-7.94%	12.76%	65.53%	-26.71%	5.74%	-58.78%
Dividend Per Share	0.008	0.008	0.005	0.002	0.004	0.003
Dividend Growth	55.00%	55.00%	150.00%	-50.00%	33.33%	-67.74%
Effective Tax Rate	10.17%	11.46%	15.00%	14.71%	14.86%	16.20%

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