Faysal Bank Limited (PSX: FABL)

Faysal 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	226,214	189,462	104,528	53,872	55,926	58,399
Interest Income on Investments	340.32	327.23	513.46	435.44	281.86	428.59
Total Interest Income	226,554	189,790	105,042	54,308	56,208	58,828
Interest Paid on Deposits	147,600	118,392	64,537	28,033	31,378	37,272
Net Interest Income	78,954	71,398	40,505	26,275	24,830	21,555
Net Interest Income Growth (YoY)	43.89%	76.27%	54.16%	5.82%	15.19%	31.06%
Gain (Loss) on Sale of Assets	26	22.41	52.72	72.93	21.45	20.5
Gain (Loss) on Sale of Investments	195.88	-1,814	-1,487	290.51	1,626	-499.07
Other Non-Interest Income	17,051	14,520	10,453	8,117	6,396	7,324
Total Non-Interest Income	17,273	12,729	9,019	8,481	8,044	6,845
Non-Interest Income Growth (YoY)	81.55%	41.13%	6.35%	5.43%	17.51%	6.08%
Revenues Before Loan Losses	96,227	84,127	49,524	34,755	32,873	28,400
Provision for Loan Losses	-1,935	1,187	-940.03	44.97	2,254	765.37
Revenue	98,162	82,939	50,464	34,711	30,619	27,635
Revenue Growth (YoY)	56.83%	64.35%	45.38%	13.36%	10.80%	18.50%
Salaries and Employee Benefits	1,088	886.62	461.29	273.65	227.03	232.72
Selling, General & Administrative	2,415	2,064	1,122	574.51	1,365	1,271
Other Non-Interest Expense	42,152	38,304	26,281	20,228	18,318	15,973
Total Non-Interest Expense	45,279	41,093	27,775	21,018	19,755	17,476
EBT Excluding Unusual Items	52,884	41,846	22,689	13,692	10,864	10,158
Other Unusual Items	47.14	-	-	-	26.27	-
Pretax Income	52,931	41,846	22,689	13,692	10,891	10,158
Income Tax Expense	26,783	21,600	11,251	5,339	4,210	4,154
Earnings From Continuing Operations	26,148	20,247	11,438	8,353	6,681	6,004
Minority Interest in Earnings	-0.09	-0.2	-0.02	-0.02	-0	0.01
Net Income	26,148	20,246	11,438	8,353	6,681	6,004
Net Income to Common	26,148	20,246	11,438	8,353	6,681	6,004
Net Income Growth	77.40%	77.02%	36.93%	25.03%	11.27%	24.37%
Basic Shares Outstanding	1,518	1,518	1,518	1,518	1,518	1,518
Diluted Shares Outstanding	1,518	1,518	1,518	1,518	1,518	1,518
EPS (Basic)	17.23	13.34	7.54	5.50	4.40	3.96
EPS (Diluted)	17.23	13.34	7.54	5.50	4.40	3.96
EPS Growth	77.40%	77.02%	36.93%	25.03%	11.27%	24.37%
Dividend Per Share	6.000	4.000	7.000	1.500	-	-
Dividend Growth	-20.00%	-42.86%	366.67%	-	-	-
Effective Tax Rate	50.60%	51.62%	49.59%	38.99%	38.66%	40.90%

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