Bank Alfalah Limited (PSX: BAFL)

Bank Alfalah 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	513,044	412,005	214,106	100,412	92,623	92,528
Interest Income on Investments	1,445	1,023	1,091	492.3	313.53	339.15
Total Interest Income	514,489	413,028	215,197	100,904	92,937	92,867
Interest Paid on Deposits	382,853	286,053	136,933	54,148	47,929	47,628
Net Interest Income	131,636	126,975	78,264	46,756	45,008	45,239
Net Interest Income Growth (YoY)	14.34%	62.24%	67.39%	3.88%	-0.51%	40.13%
Gain (Loss) on Sale of Assets	135.54	145.03	111.97	53.35	67.31	122.96
Gain (Loss) on Sale of Investments	10,694	295.74	-65.02	3,144	2,285	65.46
Gain (Loss) on Sale of Equity Investments	1,719	1,691	669.83	573.25	612.62	547.2
Other Non-Interest Income	29,952	26,772	20,821	12,658	10,212	9,906
Total Non-Interest Income	42,500	28,903	21,538	16,428	13,177	10,642
Non-Interest Income Growth (YoY)	83.37%	34.20%	31.11%	24.67%	23.82%	-3.05%
Revenues Before Loan Losses	174,136	155,878	99,802	63,184	58,185	55,881
Provision for Loan Losses	1,369	10,325	12,467	2,375	7,589	3,029
Revenue	172,767	145,553	87,335	60,808	50,595	52,852
Revenue Growth (YoY)	38.42%	66.66%	43.62%	20.19%	-4.27%	22.13%
Salaries and Employee Benefits	1,885	1,715	907.44	498.44	494.43	507.67
Selling, General & Administrative	6,993	6,898	4,427	2,877	2,467	2,645
Other Non-Interest Expense	69,785	58,002	45,306	33,545	29,247	26,828
Total Non-Interest Expense	79,237	66,977	50,833	37,063	32,208	29,980
EBT Excluding Unusual Items	93,531	78,577	36,503	23,746	18,388	22,872
Asset Writedown	-	-	-	63.57	-	-
Other Unusual Items	105.05	161.12	174.86	97.25	55.55	43.51
Pretax Income	93,636	78,738	36,677	23,907	18,443	22,915
Income Tax Expense	49,787	42,651	18,280	9,446	7,600	9,884
Earnings From Continuing Operations	43,848	36,086	18,397	14,460	10,843	13,032
Minority Interest in Earnings	416.62	425.1	-2.7	-23.76	-11.11	14.99
Net Income	44,265	36,511	18,395	14,437	10,832	13,047
Net Income to Common	44,265	36,511	18,395	14,437	10,832	13,047
Net Income Growth	40.17%	98.49%	27.42%	33.28%	-16.97%	19.71%
Basic Shares Outstanding	1,577	1,577	1,773	1,777	1,777	1,776
Diluted Shares Outstanding	1,577	1,577	1,773	1,777	1,777	1,776
Shares Change (YoY)	-2.80%	-11.03%	-0.25%	-	0.05%	0.03%
EPS (Basic)	28.07	23.15	10.38	8.12	6.10	7.35
EPS (Diluted)	28.07	23.15	10.38	8.12	6.10	7.35
EPS Growth	44.22%	123.09%	27.74%	33.28%	-17.02%	19.63%
Dividend Per Share	11.000	8.000	5.000	4.000	4.000	4.000
Dividend Growth	100.00%	60.00%	25.00%	0%	0%	66.67%
Effective Tax Rate	53.17%	54.17%	49.84%	39.51%	41.21%	43.13%

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