Masraf Al Rayan (Q.P.S.C.) (QSE: MARK)

MARK Income Statement

Financials in millions QAR. 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
Net Interest Income	7,340	7,184	5,244	3,711	3,680	3,710
Net Interest Income Growth (YoY)	4.64%	37.00%	41.32%	0.82%	-0.81%	4.85%
Gain (Loss) on Sale of Assets	-	-	-	-	-	-1.47
Gain (Loss) on Sale of Investments	-16.12	20.56	-56.25	-188.78	-44.37	9.03
Gain (Loss) on Sale of Equity Investments	68.76	50.86	27.2	13.71	17.89	19.83
Other Non-Interest Income	2,665	2,325	1,868	1,382	1,334	1,481
Total Non-Interest Income	2,718	2,397	1,839	1,207	1,308	1,508
Non-Interest Income Growth (YoY)	29.77%	30.29%	52.38%	-7.69%	-13.28%	13.67%
Revenues Before Loan Losses	10,058	9,581	7,083	4,918	4,988	5,218
Provision for Loan Losses	1,081	1,270	1,556	910.34	298.76	54.83
Revenue	8,977	8,310	5,527	4,007	4,689	5,164
Revenue Growth (YoY)	18.64%	50.37%	37.92%	-14.54%	-9.18%	5.81%
Salaries and Employee Benefits	461.63	433.16	521.85	427.95	386.41	395.38
Occupancy Expenses	174.4	174.08	186.98	68.1	24.82	17.58
Selling, General & Administrative	27.17	27.17	99.54	32.38	37.83	23.17
Other Non-Interest Expense	6,761	6,161	3,333	1,727	2,057	2,539
Total Non-Interest Expense	7,424	6,795	4,141	2,255	2,506	2,975
EBT Excluding Unusual Items	1,553	1,515	1,385	1,752	2,183	2,189
Pretax Income	1,553	1,515	1,385	1,735	2,183	2,189
Income Tax Expense	30.12	34.97	22.24	4.77	2.36	0.69
Earnings From Continuing Operations	1,523	1,480	1,363	1,731	2,181	2,188
Minority Interest in Earnings	-20.52	-28.27	-18.91	-12.77	-5.17	-9.71
Net Income	1,502	1,452	1,344	1,718	2,175	2,178
Preferred Dividends & Other Adjustments	46	46	46	48.2	-	-
Net Income to Common	1,456	1,406	1,298	1,670	2,175	2,178
Net Income Growth	20.10%	7.99%	-21.75%	-21.03%	-0.14%	2.25%
Basic Shares Outstanding	9,300	9,300	9,300	7,653	7,500	7,500
Diluted Shares Outstanding	9,300	9,300	9,300	7,653	7,500	7,500
Shares Change (YoY)	-	-	21.52%	2.04%	-	-
EPS (Basic)	0.16	0.15	0.14	0.22	0.29	0.29
EPS (Diluted)	0.16	0.15	0.14	0.22	0.29	0.29
EPS Growth	20.87%	8.27%	-36.01%	-24.78%	-0.14%	2.25%
Dividend Per Share	0.100	0.100	0.100	0.170	0.170	0.225
Dividend Growth	0%	0%	-41.18%	0%	-24.44%	12.50%
Effective Tax Rate	1.94%	2.31%	1.61%	0.27%	0.11%	0.03%

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