BankIslami Pakistan Limited (PSX: BIPL)

BankIslami Pakistan 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	112,312	92,756	46,345	23,227	25,721	23,625
Interest Income on Investments	103.74	68.55	25.75	24.64	17.39	10.95
Total Interest Income	112,416	92,825	46,371	23,251	25,739	23,635
Interest Paid on Deposits	66,805	52,573	25,943	12,275	13,230	12,833
Net Interest Income	45,611	40,252	20,428	10,976	12,509	10,803
Net Interest Income Growth (YoY)	56.32%	97.04%	86.11%	-12.25%	15.80%	77.61%
Gain (Loss) on Sale of Assets	45.83	39.97	19.59	-3.52	3.61	10.24
Gain (Loss) on Sale of Investments	533.98	272.02	80.09	101.98	242.43	660.25
Other Non-Interest Income	3,413	2,746	3,351	1,720	1,286	881.35
Total Non-Interest Income	3,993	3,058	3,451	1,819	1,532	1,552
Non-Interest Income Growth (YoY)	18.91%	-11.38%	89.77%	18.68%	-1.26%	35.80%
Revenues Before Loan Losses	49,604	43,311	23,879	12,795	14,041	12,354
Provision for Loan Losses	4,979	6,887	3,812	31.89	2,601	2,773
Revenue	44,625	36,424	20,067	12,763	11,440	9,581
Revenue Growth (YoY)	60.79%	81.51%	57.23%	11.56%	19.40%	32.55%
Salaries and Employee Benefits	526	410.47	164.56	70.69	55.32	35.9
Selling, General & Administrative	162.81	228.85	208.17	124.32	193.1	151.67
Other Non-Interest Expense	18,607	15,940	11,588	9,428	8,515	7,606
Total Non-Interest Expense	19,199	16,519	11,916	9,615	8,994	7,782
EBT Excluding Unusual Items	25,426	19,905	8,151	3,148	2,447	1,799
Other Unusual Items	150.96	183.72	121.96	85.98	84.93	69.12
Pretax Income	25,577	20,089	8,273	3,234	2,532	1,869
Income Tax Expense	13,005	9,478	3,788	1,266	1,056	744
Earnings From Continuing Operations	12,573	10,610	4,484	1,968	1,475	1,125
Earnings From Discontinued Operations	-	-	-	92.61	92.32	-20.71
Minority Interest in Earnings	-	-	-	-29.69	-21.2	3.99
Net Income	12,573	10,610	4,484	2,031	1,546	1,108
Net Income to Common	12,573	10,610	4,484	2,031	1,546	1,108
Net Income Growth	54.45%	136.61%	120.77%	31.35%	39.59%	231.41%
Basic Shares Outstanding	1,109	1,109	1,109	1,109	1,109	1,026
Diluted Shares Outstanding	1,109	1,109	1,109	1,109	1,109	1,026
Shares Change (YoY)	-0.00%	-	-	-	8.09%	1.77%
EPS (Basic)	11.34	9.57	4.04	1.83	1.39	1.08
EPS (Diluted)	11.34	9.57	4.04	1.83	1.39	1.08
EPS Growth	54.45%	136.61%	120.77%	31.35%	29.15%	225.64%
Dividend Per Share	4.250	2.750	1.000	-	-	-
Dividend Growth	325.00%	175.00%	-	-	-	-
Effective Tax Rate	50.84%	47.18%	45.79%	39.14%	41.73%	39.82%

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