Palestine Investment Bank P.L.C. (PEX:PIBC)

PEX:PIBC Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	33.16	31.6	24.48	22.47	20.17
Total Interest Income	33.16	31.6	24.48	22.47	20.17
Interest Paid on Deposits	7.71	5.6	4.88	5.41	4.07
Net Interest Income	25.45	26.01	19.61	17.07	16.1
Net Interest Income Growth (YoY)	-2.16%	32.65%	14.88%	6.03%	-6.77%
Gain (Loss) on Sale of Assets	-0.05	-	0.2	-	-
Gain (Loss) on Sale of Investments	-0.03	-0.56	-0.58	-0.46	1.19
Other Non-Interest Income	7.67	8.81	8.76	6.85	5.38
Total Non-Interest Income	7.59	8.25	8.37	6.38	6.57
Non-Interest Income Growth (YoY)	-8.06%	-1.45%	31.22%	-2.85%	-3.37%
Revenues Before Loan Losses	33.03	34.26	27.98	23.45	22.67
Provision for Loan Losses	7.71	6.08	2.06	2.86	1.73
Revenue	25.32	28.18	25.92	20.59	20.93
Revenue Growth (YoY)	-10.15%	8.74%	25.90%	-1.65%	-10.59%
Salaries and Employee Benefits	9.11	8.6	7.12	6.44	6.14
Occupancy Expenses	2.29	2.03	2.11	2.07	2.22
Selling, General & Administrative	1.63	1.36	1.6	1.34	1.21
Other Non-Interest Expense	10.05	7.72	7.38	5.34	5.73
Total Non-Interest Expense	23.1	19.75	18.25	15.24	15.36
EBT Excluding Unusual Items	2.22	8.43	7.66	5.35	5.58
Legal Settlements	-1.05	-0.6	-0.2	-0.17	-0.55
Other Unusual Items	-	-0.06	-	-	-
Pretax Income	1.17	7.77	7.46	5.17	5.03
Income Tax Expense	0.77	2.7	2.38	1.41	1.35
Net Income	0.4	5.07	5.09	3.77	3.68
Net Income to Common	0.4	5.07	5.09	3.77	3.68
Net Income Growth	-92.09%	-0.42%	35.09%	2.46%	-24.57%
Basic Shares Outstanding	80	80	80	80	80
Diluted Shares Outstanding	80	80	80	80	80
EPS (Basic)	0.01	0.06	0.06	0.05	0.05
EPS (Diluted)	0.01	0.06	0.06	0.05	0.05
EPS Growth	-92.09%	-0.42%	35.09%	2.46%	-24.57%
Dividend Per Share	-	-	0.049	0.049	-
Effective Tax Rate	65.73%	34.80%	31.84%	27.22%	26.88%

Updated Nov 17, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.