Arab Islamic Bank P.L.C. (PEX: AIB)

Arab Islamic Bank P.L.C. Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	-	69.71	64.01	59.52	49.3	45.21
Interest Paid on Deposits	-	9.03	8.7	12.61	11.83	8.21
Net Interest Income	61.22	60.68	55.31	46.92	37.47	37
Net Interest Income Growth (YoY)	2.54%	9.70%	17.90%	25.22%	1.25%	18.73%
Gain (Loss) on Sale of Assets	-	-	1.36	-	-	-
Gain (Loss) on Sale of Investments	0.44	0.23	0.01	0.28	0.37	0.37
Other Non-Interest Income	13.25	14.93	13.83	12.05	9.09	8.51
Total Non-Interest Income	13.69	15.16	15.2	12.34	9.46	8.89
Non-Interest Income Growth (YoY)	-19.80%	-0.25%	23.17%	30.39%	6.46%	32.84%
Revenues Before Loan Losses	74.91	75.84	70.51	59.25	46.93	45.89
Provision for Loan Losses	34.08	24.66	9.28	5.29	4.02	1.65
Revenue	40.82	51.17	61.23	53.97	42.91	44.23
Revenue Growth (YoY)	-38.29%	-16.42%	13.46%	25.78%	-3.00%	14.34%
Salaries and Employee Benefits	19.33	19.54	17.62	15.02	13.86	13.04
Occupancy Expenses	4.75	4.66	4.74	4.7	4.42	4.06
Selling, General & Administrative	2.49	2.49	2.08	1.85	2.03	2.02
Other Non-Interest Expense	17.81	17.57	14.46	12.78	11.63	13.14
Total Non-Interest Expense	44.38	44.25	38.91	34.35	31.94	32.27
EBT Excluding Unusual Items	-3.55	6.92	22.32	19.62	10.96	11.96
Asset Writedown	-0.36	-0.36	-0.4	-1.04	-	-
Other Unusual Items	-	-	-	-	-	-0.01
Pretax Income	-3.92	6.56	21.92	18.58	10.96	11.95
Income Tax Expense	-1.42	1.04	8.84	6.89	2.95	2.94
Net Income	-2.49	5.52	13.08	11.69	8.01	9.01
Net Income to Common	-2.49	5.52	13.08	11.69	8.01	9.01
Net Income Growth	-	-57.80%	11.88%	45.85%	-11.05%	26.85%
Basic Shares Outstanding	102	101	101	101	101	101
Diluted Shares Outstanding	102	101	101	101	101	101
Shares Change (YoY)	1.84%	-	-	-	0.00%	0.00%
EPS (Basic)	-0.02	0.05	0.13	0.12	0.08	0.09
EPS (Diluted)	-0.02	0.05	0.13	0.12	0.08	0.09
EPS Growth	-	-57.80%	11.89%	45.85%	-11.06%	26.85%
Dividend Per Share	-	0.051	0.040	0.040	0.025	0.040
Dividend Growth	-	28.86%	0%	55.51%	-35.70%	51.92%
Effective Tax Rate	-	15.83%	40.33%	37.08%	26.91%	24.63%

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