Qatar National Bank (Q.P.S.C.) (QSE: QNBK)

QSE: QNBK Income Statement

Financials in millions QAR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	125,323	125,323	97,133	59,672	44,736	43,773
Interest Paid on Deposits	92,503	92,503	66,716	30,807	21,700	22,778
Net Interest Income	32,819	32,819	30,417	28,865	23,036	20,995
Net Interest Income Growth (YoY)	7.90%	7.90%	5.38%	25.30%	9.72%	3.96%
Gain (Loss) on Sale of Assets	-	-	-	6.92	49.41	17.88
Gain (Loss) on Sale of Investments	-172.08	-172.08	-680.38	-92.83	-99	-91.04
Other Non-Interest Income	7,781	7,781	7,779	5,423	4,798	4,296
Total Non-Interest Income	7,608	7,608	7,099	5,337	4,749	4,223
Non-Interest Income Growth (YoY)	7.18%	7.18%	33.02%	12.39%	12.45%	-14.27%
Revenues Before Loan Losses	40,428	40,428	37,516	34,202	27,785	25,218
Provision for Loan Losses	8,135	8,135	8,692	8,785	7,066	5,825
Revenue	32,293	32,293	28,824	25,416	20,719	19,393
Revenue Growth (YoY)	12.04%	12.04%	13.41%	22.67%	6.84%	-11.63%
Salaries and Employee Benefits	4,896	4,896	4,108	3,644	3,382	3,400
Occupancy Expenses	831.94	831.94	660.05	624.39	615.7	664.16
Amortization of Goodwill & Intangibles	216.17	216.17	132.57	77.55	79.11	76.8
Selling, General & Administrative	498	498	514.68	394.22	465.97	490.2
Other Non-Interest Expense	3,165	3,165	2,590	2,307	1,880	1,687
Total Non-Interest Expense	12,527	12,527	10,862	6,503	6,053	6,209
EBT Excluding Unusual Items	19,767	19,767	17,962	18,914	14,666	13,184
Other Unusual Items	-	-	-	-1,745	-	-
Pretax Income	19,767	19,767	17,962	17,169	14,666	13,184
Income Tax Expense	2,824	2,824	2,297	2,719	1,390	1,102
Earnings From Continuing Operations	16,942	16,942	15,665	14,449	13,276	12,083
Minority Interest in Earnings	-225.56	-225.56	-153.96	-100.41	-64.98	-79.79
Net Income	16,717	16,717	15,511	14,349	13,211	12,003
Preferred Dividends & Other Adjustments	1,150	1,150	1,150	1,083	1,000	1,000
Net Income to Common	15,567	15,567	14,361	13,266	12,211	11,003
Net Income Growth	7.77%	7.77%	8.10%	8.61%	10.07%	-16.36%
Basic Shares Outstanding	9,232	9,232	9,236	9,236	9,236	9,236
Diluted Shares Outstanding	9,232	9,232	9,236	9,236	9,236	9,236
Shares Change (YoY)	-0.05%	-0.05%	-	-	-	-
EPS (Basic)	1.69	1.69	1.55	1.44	1.32	1.19
EPS (Diluted)	1.69	1.69	1.55	1.44	1.32	1.19
EPS Growth	8.45%	8.45%	8.26%	8.64%	10.98%	-17.59%
Dividend Per Share	0.700	0.700	0.650	0.600	0.550	0.450
Dividend Growth	7.69%	7.69%	8.33%	9.09%	22.22%	-25.00%
Effective Tax Rate	14.29%	14.29%	12.79%	15.84%	9.48%	8.36%

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