Meezan Bank Limited (PSX: MEBL)

Meezan Bank Balance Sheet

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
Cash & Equivalents	290,231	133,431	55,274	106,398	95,205	67,017
Investment Securities	1,651,139	1,578,342	1,287,314	624,333	438,796	229,667
Trading Asset Securities	-	-	2.49	976.64	-	-
Total Investments	1,651,139	1,578,342	1,287,316	625,310	438,796	229,667
Gross Loans	1,190,970	1,056,078	1,084,289	1,050,398	907,519	750,312
Allowance for Loan Losses	-29,411	-30,370	-22,635	-19,251	-19,097	-12,779
Other Adjustments to Gross Loans	-6,683	-29,071	-31,181	-34,659	-33,821	-20,069
Net Loans	1,154,876	996,637	1,030,473	996,488	854,601	717,465
Property, Plant & Equipment	64,870	59,163	40,625	34,186	23,882	23,664
Other Intangible Assets	2,852	1,750	1,451	1,246	757.06	634.72
Accrued Interest Receivable	-	105,205	69,005	49,009	41,033	34,842
Other Receivables	-	3,441	62.89	4.09	25.13	-
Restricted Cash	-	120,640	76,181	80,568	60,517	40,591
Other Current Assets	-	17,656	14,052	12,397	9,325	11,061
Long-Term Deferred Tax Assets	-	-	4,440	-	173.94	-
Other Real Estate Owned & Foreclosed	-	50.24	55	153.85	146.1	155.69
Other Long-Term Assets	140,408	2,239	2,141	1,052	1,166	1,018
Total Assets	3,304,377	3,019,316	2,581,901	1,907,659	1,526,561	1,126,115
Accrued Expenses	-	40,048	23,151	16,109	12,455	8,858
Interest Bearing Deposits	1,306,001	1,145,475	881,465	800,061	760,431	598,486
Non-Interest Bearing Deposits	1,108,353	1,071,945	777,005	655,810	493,981	334,083
Total Deposits	2,414,354	2,217,421	1,658,470	1,455,871	1,254,412	932,569
Short-Term Borrowings	90,501	126,490	110,097	102,575	70,406	34,238
Current Portion of Long-Term Debt	-	184,873	394,562	72,783	5,727	1,234
Current Income Taxes Payable	-	26,877	20,150	13,649	9,859	6,049
Accrued Interest Payable	-	18,055	13,631	4,693	4,019	6,547
Other Current Liabilities	70,551	56,078	56,903	47,363	35,241	26,391
Long-Term Debt	324,507	87,970	89,872	66,045	36,530	20,943
Long-Term Leases	23,918	22,412	12,916	13,262	6,685	7,305
Long-Term Unearned Revenue	-	3,291	55,805	1,474	870.87	117.05
Pension & Post-Retirement Benefits	-	1,647	1,260	981.91	709.79	570.23
Long-Term Deferred Tax Liabilities	2,012	4,881	-	72.19	-	-
Other Long-Term Liabilities	164,374	39,255	25,949	22,338	16,415	15,503
Total Liabilities	3,090,217	2,829,299	2,462,766	1,817,217	1,453,330	1,063,334
Common Stock	17,913	17,913	17,896	16,269	14,147	12,861
Additional Paid-In Capital	2,626	2,626	2,407	2,407	2,407	2,407
Retained Earnings	177,949	153,236	94,746	63,255	46,733	33,825
Comprehensive Income & Other	13,946	14,692	2,881	7,315	8,680	12,518
Total Common Equity	212,434	188,468	117,930	89,245	71,967	61,611
Minority Interest	1,727	1,550	1,204	1,197	1,265	1,170
Shareholders' Equity	214,161	190,017	119,135	90,442	73,231	62,781
Total Liabilities & Equity	3,304,377	3,019,316	2,581,901	1,907,659	1,526,561	1,126,115
Total Debt	438,925	421,745	607,447	254,666	119,348	63,721
Net Cash (Debt)	-148,694	-288,314	-552,171	-147,292	-24,143	3,296
Net Cash Per Share	-82.71	-160.85	-308.40	-82.30	-13.49	1.84
Filing Date Shares Outstanding	1,791	1,791	1,790	1,790	1,790	1,790
Total Common Shares Outstanding	1,791	1,791	1,790	1,790	1,790	1,790
Book Value Per Share	118.60	105.22	65.90	49.87	40.21	34.43
Tangible Book Value	209,582	186,718	116,479	87,999	71,209	60,976
Tangible Book Value Per Share	117.01	104.24	65.09	49.17	39.79	34.07

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