Bank of Palestine Plc (PEX: BOP)

Bank of Palestine 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	243.18	228.39	190.31	174.69	161.29	160.86
Interest Paid on Deposits	42.45	37.57	30.3	38.91	42.65	43.83
Net Interest Income	200.73	190.83	160.01	135.79	118.64	117.03
Net Interest Income Growth (YoY)	11.67%	19.26%	17.84%	14.45%	1.38%	0.78%
Gain (Loss) on Sale of Investments	2.58	2.63	1.38	7.95	0.61	2.45
Gain (Loss) on Sale of Equity Investments	0.07	0.18	2.63	0.46	0.44	0.42
Other Non-Interest Income	129.12	133.99	133.54	118.33	102.51	109.04
Total Non-Interest Income	131.76	136.79	137.55	126.75	103.56	111.91
Non-Interest Income Growth (YoY)	-8.20%	-0.55%	8.52%	22.39%	-7.46%	7.16%
Revenues Before Loan Losses	332.5	327.62	297.56	262.53	222.2	228.94
Provision for Loan Losses	207.21	134.78	28.45	26.67	40.99	32.19
Revenue	125.28	192.84	269.11	235.87	181.21	196.75
Revenue Growth (YoY)	-56.54%	-28.34%	14.09%	30.16%	-7.90%	-8.69%
Salaries and Employee Benefits	78.17	79.97	77.52	74.37	65.94	65.83
Occupancy Expenses	17.97	17.99	17.87	17.93	18.86	17.78
Selling, General & Administrative	12.43	12.43	10.73	10.42	10.47	11.8
Other Non-Interest Expense	61.74	63.77	55.63	48.26	45.82	50.73
Total Non-Interest Expense	170.31	174.16	161.75	150.98	141.1	146.14
EBT Excluding Unusual Items	-45.03	18.69	107.35	84.89	40.11	50.61
Asset Writedown	-0.75	-0.75	-0.02	-0.29	0.05	1.19
Pretax Income	-45.78	17.94	107.34	84.6	40.16	51.8
Income Tax Expense	-20.55	1.45	40.69	28.35	17.75	12.86
Earnings From Continuing Operations	-25.23	16.49	66.65	56.25	22.41	38.94
Minority Interest in Earnings	0.26	-3.39	-5.73	-7.12	-2.53	-4.98
Net Income	-24.97	13.11	60.91	49.13	19.88	33.96
Preferred Dividends & Other Adjustments	3.71	3.71	-	-	-	-
Net Income to Common	-28.68	9.39	60.91	49.13	19.88	33.96
Net Income Growth	-	-78.49%	23.98%	147.13%	-41.45%	-32.97%
Basic Shares Outstanding	238	231	231	227	223	223
Diluted Shares Outstanding	238	231	231	227	223	223
Shares Change (YoY)	4.90%	-	1.77%	1.67%	-	-
EPS (Basic)	-0.12	0.04	0.26	0.22	0.09	0.15
EPS (Diluted)	-0.12	0.04	0.26	0.22	0.09	0.15
EPS Growth	-	-84.58%	21.83%	143.09%	-41.45%	-32.97%
Dividend Per Share	-	-	0.097	0.085	0.037	-
Dividend Growth	-	-	14.50%	127.35%	-	-
Effective Tax Rate	-	8.06%	37.91%	33.51%	44.19%	24.83%

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