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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	58.79	62.12	57.29	54.94	48.99	49.92
Interest Income on Investments	0.6	-	-	0.38	0.5	0.5
Total Interest Income	59.39	62.12	57.29	55.32	49.49	50.42
Interest Paid on Deposits	7.96	7	6.52	7.64	6.92	6.93
Interest Paid on Borrowings	0.12	0.15	0.18	0.21	0.23	-
Total Interest Expense	8.08	7.16	6.7	7.85	7.15	6.93
Net Interest Income	51.31	54.97	50.6	47.47	42.34	43.49
Net Interest Income Growth (YoY)	-10.14%	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	0.24	0.22	0.42	0.38	0.15	0.18
Other Non-Interest Income	12.73	14.01	14.2	15.19	12.82	13.61
Total Non-Interest Income	16.64	17.89	16.6	16.78	13.67	14.59
Non-Interest Income Growth (YoY)	15.12%	7.77%	-1.05%	22.73%	-6.28%	10.15%
Revenues Before Loan Losses	67.95	72.86	67.2	64.25	56.02	58.08
Provision for Loan Losses	23.88	22.67	4.35	5.92	5.67	4.01
Revenue	44.07	50.19	62.85	58.33	50.34	54.07
Revenue Growth (YoY)	-20.70%	-20.14%	7.75%	15.87%	-6.90%	-2.13%
Salaries and Employee Benefits	20.51	18.94	18.32	18.27	17	18.5
Occupancy Expenses	4.58	4.55	4.38	4.34	4.48	4.26
Selling, General & Administrative	2.12	2.97	3.58	3.3	2.52	2.44
Other Non-Interest Expense	13.78	13.62	14.18	11.95	10.21	13.12
Total Non-Interest Expense	40.99	40.09	40.46	37.85	34.22	38.31
EBT Excluding Unusual Items	3.08	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	-0.24	6.79	21.59	19.18	16.02	15.74
Income Tax Expense	1.36	1.95	6.25	5.49	4.85	1.22
Net Income	-1.59	4.85	15.35	13.69	11.17	14.52
Net Income to Common	-1.59	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)	-	-	0.00%	0.00%	-	-0.00%
EPS (Basic)	-0.02	0.05	0.15	0.14	0.11	0.15
EPS (Diluted)	-0.02	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.