Askari Bank Limited (PSX: AKBL)

Askari Bank Income Statement

Financials in millions PKR. 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	383,036	305,635	165,796	77,569	79,118	71,712
Interest Income on Investments	855.72	711.93	486.42	421.96	273.52	276.57
Total Interest Income	383,892	306,347	166,282	77,991	79,392	71,989
Interest Paid on Deposits	323,530	246,184	125,834	45,140	48,843	49,568
Net Interest Income	60,362	60,163	40,448	32,852	30,549	22,421
Net Interest Income Growth (YoY)	25.25%	48.74%	23.12%	7.54%	36.25%	19.00%
Gain (Loss) on Sale of Assets	25.96	25.96	52.98	20.5	23.77	-60.41
Gain (Loss) on Sale of Investments	1,655	780.7	-251.46	814.72	2,555	739.92
Other Non-Interest Income	11,670	11,731	11,317	8,291	6,976	6,439
Total Non-Interest Income	13,365	12,552	11,132	9,126	9,555	7,119
Non-Interest Income Growth (YoY)	10.41%	12.75%	21.99%	-4.49%	34.22%	32.07%
Revenues Before Loan Losses	73,727	72,714	51,580	41,977	40,104	29,539
Provision for Loan Losses	-103.21	966.36	1,043	4,977	1,980	787.81
Revenue	73,830	71,748	50,537	37,000	38,124	28,752
Revenue Growth (YoY)	25.67%	41.97%	36.59%	-2.95%	32.60%	26.26%
Salaries and Employee Benefits	565.21	533.11	339.9	213.48	42.98	42.12
Selling, General & Administrative	1,733	1,733	1,205	761.12	785.21	749.59
Other Non-Interest Expense	30,046	27,299	21,535	20,346	19,481	17,623
Total Non-Interest Expense	32,344	29,565	23,080	21,321	20,309	18,415
EBT Excluding Unusual Items	41,486	42,183	27,457	15,679	17,815	10,337
Asset Writedown	-	-	1.23	-6.49	5.21	14.54
Other Unusual Items	-	-	-	-0.25	14.65	49.42
Pretax Income	41,486	42,183	27,458	15,672	17,835	10,401
Income Tax Expense	20,646	20,642	13,398	5,956	6,978	3,368
Earnings From Continuing Operations	20,840	21,540	14,060	9,716	10,857	7,033
Minority Interest in Earnings	-95.62	-51.82	-	-	-10.66	-3.81
Net Income	20,744	21,489	14,060	9,716	10,846	7,029
Net Income to Common	20,744	21,489	14,060	9,716	10,846	7,029
Net Income Growth	25.08%	52.83%	44.72%	-10.42%	54.31%	58.69%
Basic Shares Outstanding	1,446	1,449	1,449	1,449	1,449	1,449
Diluted Shares Outstanding	1,446	1,449	1,449	1,449	1,449	1,449
Shares Change (YoY)	-0.24%	-	-	-	-	-
EPS (Basic)	14.34	14.83	9.70	6.70	7.48	4.85
EPS (Diluted)	14.34	14.83	9.70	6.70	7.48	4.85
EPS Growth	25.38%	52.83%	44.72%	-10.42%	54.31%	58.69%
Dividend Per Share	-	2.500	-	-	2.609	1.304
Dividend Growth	-	-	-	-	100.01%	49.99%
Effective Tax Rate	49.77%	48.94%	48.79%	38.01%	39.13%	32.39%

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