Sohar International Bank SAOG (MSM:BKSB)

MSM:BKSB Income Statement

Financials in millions OMR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	313.82	314.46	240.13	167.34	148.21	146.99
Interest Paid on Deposits	152.7	144.42	121.68	72.74	70.45	75.02
Net Interest Income	161.12	170.04	118.45	94.61	77.77	71.97
Net Interest Income Growth (YoY)	2.88%	43.55%	25.21%	21.66%	8.05%	2.54%
Gain (Loss) on Sale of Assets	-	-	-	0.04	-	-
Gain (Loss) on Sale of Investments	0.66	0.65	-1.69	-0.53	3.22	-0.07
Other Non-Interest Income	80.88	74.25	46.64	38.73	29.68	20.08
Total Non-Interest Income	81.54	74.91	44.95	38.24	32.9	20.01
Non-Interest Income Growth (YoY)	46.54%	66.63%	17.56%	16.23%	64.38%	-41.94%
Revenues Before Loan Losses	242.66	244.95	163.41	132.85	110.66	91.99
Provision for Loan Losses	39.84	37.86	105.07	39.66	27.09	23.13
Revenue	202.81	207.09	58.34	93.19	83.57	68.85
Revenue Growth (YoY)	87.77%	254.98%	-37.40%	11.50%	21.38%	-19.77%
Salaries and Employee Benefits	61.57	58.53	44.9	32.89	29.88	27.27
Occupancy Expenses	5.16	4.92	4	3.67	3.1	2.97
Selling, General & Administrative	35.36	34.96	28.02	18.61	17.28	14.92
Other Non-Interest Expense	0.69	-	-	-	-	-
Total Non-Interest Expense	102.77	98.41	76.93	55.17	50.26	45.16
EBT Excluding Unusual Items	100.04	108.68	-18.59	38.02	33.31	23.7
Pretax Income	100.04	108.68	-18.59	38.02	33.31	23.7
Income Tax Expense	13.21	17.73	2.83	3.14	4.98	3.68
Earnings From Continuing Operations	86.83	90.95	-21.42	34.88	28.34	20.01
Earnings From Discontinued Operations	9.23	9.23	91.75	-	-	-
Net Income	96.06	100.18	70.34	34.88	28.34	20.01
Preferred Dividends & Other Adjustments	-	3.74	7.5	15.25	15.25	15.25
Net Income to Common	96.06	96.44	62.84	19.63	13.09	4.76
Net Income Growth	-0.89%	42.43%	101.66%	23.08%	41.60%	-41.83%
Basic Shares Outstanding	6,186	5,666	5,027	3,507	2,680	2,482
Diluted Shares Outstanding	6,186	5,666	5,027	3,507	2,680	2,482
Shares Change (YoY)	13.18%	12.72%	43.33%	30.86%	7.98%	9.63%
EPS (Basic)	0.02	0.02	0.01	0.01	0.00	0.00
EPS (Diluted)	0.02	0.02	0.01	0.01	0.00	0.00
EPS Growth	-5.06%	36.17%	123.37%	14.60%	154.46%	-80.82%
Dividend Per Share	0.008	0.008	0.005	0.004	0.004	-
Dividend Growth	48.15%	48.15%	22.73%	12.82%	-	-
Effective Tax Rate	13.21%	16.31%	-	8.25%	14.93%	15.54%

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