Bank Nizwa SAOG (MSM:BKNZ)

Bank Nizwa SAOG Income Statement

Financials in millions OMR. 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	91.44	80.91	65.75	64.73	54.75
Interest Income on Investments	-	-	7.05	-	-
Total Interest Income	91.44	80.91	72.8	64.73	54.75
Interest Paid on Deposits	48.24	36.44	30.61	29.24	23.37
Net Interest Income	43.2	44.47	42.19	35.49	31.38
Net Interest Income Growth (YoY)	-2.85%	5.39%	18.89%	13.08%	-
Gain (Loss) on Sale of Investments	-	-	0.13	0.56	0.13
Other Non-Interest Income	14.13	10.89	10.17	8.3	7.74
Total Non-Interest Income	14.13	10.89	10.3	8.86	7.87
Non-Interest Income Growth (YoY)	29.83%	5.67%	16.30%	12.54%	-77.34%
Revenues Before Loan Losses	57.33	55.36	52.5	44.35	39.25
Provision for Loan Losses	7.81	7.82	11.18	6.9	6.7
Revenue	49.52	47.54	41.32	37.45	32.55
Revenue Growth (YoY)	4.17%	15.06%	10.34%	15.03%	10.08%
Salaries and Employee Benefits	16.66	16.06	-	13.74	12.25
Occupancy Expenses	2.91	2.92	2.45	1.94	0.93
Selling, General & Administrative	8.97	8.67	3.45	7.2	6.47
Other Non-Interest Expense	-	-	18.46	-	-
Total Non-Interest Expense	28.54	27.65	24.35	22.87	19.66
EBT Excluding Unusual Items	20.98	19.89	16.97	14.57	12.9
Asset Writedown	0.18	-0.13	0.55	-0.23	-
Pretax Income	21.16	19.76	17.52	14.34	12.9
Income Tax Expense	3.05	2.73	2.46	1.82	1.83
Net Income	18.11	17.02	15.06	12.53	11.07
Preferred Dividends & Other Adjustments	0.27	-	-	-	-
Net Income to Common	17.84	17.02	15.06	12.53	11.07
Net Income Growth	6.40%	13.06%	20.20%	13.18%	8.72%
Basic Shares Outstanding	2,237	2,237	2,237	1,696	1,500
Diluted Shares Outstanding	2,275	2,322	2,237	1,696	1,500
Shares Change (YoY)	-2.00%	3.79%	31.91%	13.06%	-
EPS (Basic)	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01
EPS Growth	4.82%	13.06%	-3.86%	-	3.15%
Dividend Per Share	0.002	0.002	0.004	0.003	0.001
Dividend Growth	6.52%	-43.04%	17.38%	175.20%	-
Effective Tax Rate	14.42%	13.84%	14.04%	12.67%	14.20%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.