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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	231,094	189,462	104,528	53,872	55,926	58,399
Interest Income on Investments	371.08	327.23	513.46	435.44	281.86	428.59
Total Interest Income	231,465	189,790	105,042	54,308	56,208	58,828
Interest Paid on Deposits	149,243	118,392	64,537	28,033	31,378	37,272
Net Interest Income	82,222	71,398	40,505	26,275	24,830	21,555
Net Interest Income Growth (YoY)	31.37%	76.27%	54.16%	5.82%	15.19%	31.06%
Gain (Loss) on Sale of Assets	23.01	22.41	52.72	72.93	21.45	20.5
Gain (Loss) on Sale of Investments	735.76	-1,814	-1,487	290.51	1,626	-499.07
Other Non-Interest Income	17,928	14,520	10,453	8,117	6,396	7,324
Total Non-Interest Income	18,687	12,729	9,019	8,481	8,044	6,845
Non-Interest Income Growth (YoY)	95.26%	41.13%	6.35%	5.43%	17.51%	6.08%
Revenues Before Loan Losses	100,909	84,127	49,524	34,755	32,873	28,400
Provision for Loan Losses	-4,110	1,187	-940.03	44.97	2,254	765.37
Revenue	105,019	82,939	50,464	34,711	30,619	27,635
Revenue Growth (YoY)	53.48%	64.35%	45.38%	13.36%	10.80%	18.50%
Salaries and Employee Benefits	1,160	886.62	461.29	273.65	227.03	232.72
Selling, General & Administrative	2,761	2,064	1,122	574.51	1,365	1,271
Other Non-Interest Expense	44,642	38,304	26,281	20,228	18,318	15,973
Total Non-Interest Expense	48,190	41,093	27,775	21,018	19,755	17,476
EBT Excluding Unusual Items	56,829	41,846	22,689	13,692	10,864	10,158
Other Unusual Items	52.42	-	-	-	26.27	-
Pretax Income	56,881	41,846	22,689	13,692	10,891	10,158
Income Tax Expense	28,596	21,600	11,251	5,339	4,210	4,154
Earnings From Continuing Operations	28,285	20,247	11,438	8,353	6,681	6,004
Minority Interest in Earnings	0.01	-0.2	-0.02	-0.02	-0	0.01
Net Income	28,285	20,246	11,438	8,353	6,681	6,004
Net Income to Common	28,285	20,246	11,438	8,353	6,681	6,004
Net Income Growth	77.60%	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)	18.64	13.34	7.54	5.50	4.40	3.96
EPS (Diluted)	18.64	13.34	7.54	5.50	4.40	3.96
EPS Growth	77.60%	77.02%	36.93%	25.03%	11.27%	24.37%
Dividend Per Share	6.500	4.000	7.000	1.500	-	-
Dividend Growth	116.67%	-42.86%	366.67%	-	-	-
Effective Tax Rate	50.27%	51.62%	49.59%	38.99%	38.66%	40.90%

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