Riyad Bank (TADAWUL:1010)

Riyad Bank Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	24,182	20,606	12,908	9,108	9,813
Interest Income on Investments	43.37	40.8	79.86	126.97	102.52
Total Interest Income	24,226	20,647	12,987	9,235	9,916
Interest Paid on Deposits	11,309	8,192	2,855	814.93	1,600
Net Interest Income	12,917	12,455	10,132	8,420	8,316
Net Interest Income Growth (YoY)	3.71%	22.92%	20.33%	1.25%	4.74%
Income From Trading Activities	529.42	419.94	219.03	196.68	218.3
Gain (Loss) on Sale of Assets	4.4	2.4	21.3	0.44	0.16
Gain (Loss) on Sale of Investments	5.18	-139.85	-131.34	405.59	260.88
Other Non-Interest Income	3,817	3,065	3,105	2,543	2,299
Total Non-Interest Income	4,356	3,348	3,214	3,146	2,779
Non-Interest Income Growth (YoY)	30.13%	4.16%	2.17%	13.21%	-1.64%
Revenues Before Loan Losses	17,273	15,803	13,346	11,566	11,095
Provision for Loan Losses	1,621	1,875	1,027	850.76	2,062
Revenue	15,652	13,927	12,319	10,715	9,033
Revenue Growth (YoY)	12.39%	13.06%	14.97%	18.62%	-7.38%
Salaries and Employee Benefits	2,752	2,542	2,258	2,092	1,939
Occupancy Expenses	683.58	695.36	540.53	493.19	488.34
Selling, General & Administrative	1,807	1,683	1,532	1,326	1,153
Other Non-Interest Expense	42.34	47.61	80.42	52.64	54.1
Total Non-Interest Expense	5,255	4,956	4,490	3,997	3,615
EBT Excluding Unusual Items	10,397	8,971	7,828	6,718	5,418
Other Unusual Items	-	-	-	-	66
Pretax Income	10,397	8,971	7,828	6,718	5,484
Income Tax Expense	1,075	924.96	809.11	692.68	769
Net Income	9,322	8,046	7,019	6,025	4,715
Preferred Dividends & Other Adjustments	317.71	310.42	64.67	-	-
Net Income to Common	9,004	7,735	6,955	6,025	4,715
Net Income Growth	15.86%	14.62%	16.50%	27.79%	-15.83%
Basic Shares Outstanding	2,995	2,997	3,000	3,000	3,000
Diluted Shares Outstanding	2,995	2,997	3,000	3,000	3,000
Shares Change (YoY)	-0.07%	-0.10%	-	-	-
EPS (Basic)	3.01	2.58	2.32	2.01	1.57
EPS (Diluted)	3.01	2.58	2.32	2.01	1.57
EPS Growth	16.48%	11.34%	15.42%	27.79%	-15.83%
Dividend Per Share	1.700	1.400	1.150	1.040	0.500
Dividend Growth	21.43%	21.74%	10.58%	108.00%	-53.27%
Effective Tax Rate	10.34%	10.31%	10.34%	10.31%	14.02%

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