Palestine Islamic Bank (PEX: ISBK)

Palestine Islamic Bank 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	60.7	62.12	57.29	54.94	48.99	49.92
Interest Income on Investments	0.38	-	-	0.38	0.5	0.5
Total Interest Income	61.08	62.12	57.29	55.32	49.49	50.42
Interest Paid on Deposits	7.81	7	6.52	7.64	6.92	6.93
Interest Paid on Borrowings	0.14	0.15	0.18	0.21	0.23	-
Total Interest Expense	7.96	7.16	6.7	7.85	7.15	6.93
Net Interest Income	53.13	54.97	50.6	47.47	42.34	43.49
Net Interest Income Growth (YoY)	-0.46%	8.64%	6.58%	12.12%	-2.64%	6.61%
Gain (Loss) on Sale of Assets	0.43	0.43	0.01	0	-0	-
Gain (Loss) on Sale of Investments	3.24	3.24	1.98	1.21	0.7	0.8
Gain (Loss) on Sale of Equity Investments	-0.1	0.22	0.42	0.38	0.15	0.18
Other Non-Interest Income	13.69	14.01	14.2	15.19	12.82	13.61
Total Non-Interest Income	17.26	17.89	16.6	16.78	13.67	14.59
Non-Interest Income Growth (YoY)	0.83%	7.77%	-1.05%	22.73%	-6.28%	10.15%
Revenues Before Loan Losses	70.39	72.86	67.2	64.25	56.02	58.08
Provision for Loan Losses	31.82	22.67	4.35	5.92	5.67	4.01
Revenue	38.57	50.19	62.85	58.33	50.34	54.07
Revenue Growth (YoY)	-41.77%	-20.14%	7.75%	15.87%	-6.90%	-2.13%
Salaries and Employee Benefits	18.44	18.94	18.32	18.27	17	18.5
Occupancy Expenses	4.57	4.55	4.38	4.34	4.48	4.26
Selling, General & Administrative	2.97	2.97	3.58	3.3	2.52	2.44
Other Non-Interest Expense	11.51	13.62	14.18	11.95	10.21	13.12
Total Non-Interest Expense	37.48	40.09	40.46	37.85	34.22	38.31
EBT Excluding Unusual Items	1.09	10.11	22.39	20.48	16.12	15.76
Asset Writedown	-3.31	-3.31	-0.8	-1.19	-0.02	-
Legal Settlements	-	-	-	-0.12	-0.07	-0.02
Pretax Income	-2.23	6.79	21.59	19.18	16.02	15.74
Income Tax Expense	0.33	1.95	6.25	5.49	4.85	1.22
Net Income	-2.56	4.85	15.35	13.69	11.17	14.52
Net Income to Common	-2.56	4.85	15.35	13.69	11.17	14.52
Net Income Growth	-	-68.42%	12.14%	22.52%	-23.10%	-4.02%
Basic Shares Outstanding	100	100	100	100	100	100
Diluted Shares Outstanding	100	100	100	100	100	100
Shares Change (YoY)	-0.58%	-	0.00%	0.00%	-	-0.00%
EPS (Basic)	-0.03	0.05	0.15	0.14	0.11	0.15
EPS (Diluted)	-0.03	0.05	0.15	0.14	0.11	0.15
EPS Growth	-	-68.42%	12.13%	22.52%	-23.10%	-4.01%
Dividend Per Share	-	-	0.050	0.050	-	-
Effective Tax Rate	-	28.65%	28.93%	28.63%	30.29%	7.74%

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