Oman Arab Bank SAOG (MSM: OAB)

Oman Arab Bank 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	159.03	145.73	127.09	119.05	118.87	113.93
Interest Paid on Deposits	89.1	75.03	52.62	49.61	47.96	41.64
Net Interest Income	69.93	70.7	74.47	69.44	70.9	72.29
Net Interest Income Growth (YoY)	-4.03%	-5.07%	7.24%	-2.06%	-1.91%	8.66%
Gain (Loss) on Sale of Investments	0.01	0.02	-0.03	3.19	-	-0.11
Other Non-Interest Income	53.1	49.53	47.91	38.26	31.02	20.79
Total Non-Interest Income	53.11	49.54	47.87	41.45	31.02	20.68
Non-Interest Income Growth (YoY)	8.16%	3.49%	15.51%	33.61%	50.02%	-2.06%
Revenues Before Loan Losses	123.04	120.24	122.34	110.89	101.92	92.96
Provision for Loan Losses	23.95	24.73	30.34	35.21	18.57	5.53
Revenue	99.09	95.51	92	75.67	83.36	87.43
Revenue Growth (YoY)	-0.84%	3.82%	21.57%	-9.22%	-4.66%	5.64%
Salaries and Employee Benefits	42.78	42.23	42.25	42.16	33.03	29.66
Occupancy Expenses	9.66	9.53	9.23	10.67	6.88	5.81
Amortization of Goodwill & Intangibles	0.31	0.31	0.31	-	-	-
Selling, General & Administrative	0.44	0.4	0.3	21.95	25.5	0.08
Other Non-Interest Expense	18.63	18.81	22.65	-	-	13.11
Total Non-Interest Expense	71.81	71.28	74.74	74.78	65.41	48.67
EBT Excluding Unusual Items	27.28	24.23	17.26	0.89	17.95	38.76
Other Unusual Items	-	-	-	1.17	-	-
Pretax Income	27.28	24.23	17.46	8	17.95	38.76
Income Tax Expense	4.06	3.68	1.28	0.92	3.78	6.21
Earnings From Continuing Operations	23.22	20.56	16.18	7.08	14.17	32.56
Net Income	23.22	20.56	16.18	7.08	14.17	32.56
Preferred Dividends & Other Adjustments	10.87	10.71	10.79	10.2	5.52	5.53
Net Income to Common	12.35	9.84	5.39	-3.11	8.66	27.02
Net Income Growth	-0.86%	27.03%	128.51%	-50.03%	-56.47%	8.02%
Basic Shares Outstanding	1,669	1,669	1,669	1,669	1,508	1,346
Diluted Shares Outstanding	1,669	1,669	1,669	1,669	1,508	1,346
Shares Change (YoY)	-	-	-	10.72%	12.00%	-
EPS (Basic)	0.01	0.01	0.00	-0.00	0.01	0.02
EPS (Diluted)	0.01	0.01	0.00	-0.00	0.01	0.02
EPS Growth	-4.20%	82.48%	-	-	-71.40%	-2.07%
Dividend Per Share	-	-	-	-	-	0.011
Effective Tax Rate	14.88%	15.18%	7.30%	11.50%	21.05%	16.01%

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