Riyad Bank (TADAWUL: 1010)

Riyad Bank Income Statement

Financials in millions SAR. 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	23,275	20,606	12,908	9,108	9,813	10,371
Interest Income on Investments	47.3	40.8	79.86	126.97	102.52	102.87
Total Interest Income	23,322	20,647	12,987	9,235	9,916	10,474
Interest Paid on Deposits	10,692	8,192	2,855	814.93	1,600	2,534
Net Interest Income	12,630	12,455	10,132	8,420	8,316	7,940
Net Interest Income Growth (YoY)	3.81%	22.92%	20.33%	1.25%	4.74%	18.75%
Income From Trading Activities	477.19	419.94	219.03	196.68	218.3	132.81
Gain (Loss) on Sale of Assets	20.6	20.6	21.3	0.44	0.16	0.19
Gain (Loss) on Sale of Investments	-21.58	-139.85	-131.34	405.59	260.88	303.51
Other Non-Interest Income	3,435	3,047	3,105	2,543	2,299	2,389
Total Non-Interest Income	3,911	3,348	3,214	3,146	2,779	2,825
Non-Interest Income Growth (YoY)	12.68%	4.16%	2.17%	13.21%	-1.64%	25.31%
Revenues Before Loan Losses	16,541	15,803	13,346	11,566	11,095	10,765
Provision for Loan Losses	1,359	1,875	1,027	850.76	2,062	1,012
Revenue	15,182	13,927	12,319	10,715	9,033	9,753
Revenue Growth (YoY)	9.57%	13.06%	14.97%	18.62%	-7.38%	21.72%
Salaries and Employee Benefits	2,754	2,542	2,258	2,092	1,939	1,879
Occupancy Expenses	685.17	695.36	540.53	493.19	488.34	438.98
Selling, General & Administrative	1,659	1,683	1,532	1,326	1,153	1,236
Other Non-Interest Expense	53.22	47.61	80.42	52.64	54.1	120.21
Total Non-Interest Expense	5,126	4,956	4,490	3,997	3,615	3,521
EBT Excluding Unusual Items	10,056	8,971	7,828	6,718	5,418	6,232
Other Unusual Items	-	-	-	-	66	-
Pretax Income	10,056	8,971	7,828	6,718	5,484	6,232
Income Tax Expense	1,037	924.96	809.11	692.68	769	630
Net Income	9,019	8,046	7,019	6,025	4,715	5,602
Preferred Dividends & Other Adjustments	309.49	319.04	64.67	-	-	-
Net Income to Common	8,710	7,727	6,955	6,025	4,715	5,602
Net Income Growth	11.08%	14.62%	16.50%	27.79%	-15.83%	81.16%
Basic Shares Outstanding	2,995	2,995	3,000	3,000	3,000	3,000
Diluted Shares Outstanding	2,995	2,995	3,000	3,000	3,000	3,000
Shares Change (YoY)	-0.05%	-0.17%	-	-	-	-
EPS (Basic)	2.91	2.58	2.32	2.01	1.57	1.87
EPS (Diluted)	2.91	2.58	2.32	2.01	1.57	1.87
EPS Growth	11.05%	11.29%	15.42%	27.79%	-15.83%	81.16%
Dividend Per Share	1.550	1.400	1.150	1.040	0.500	1.070
Dividend Growth	19.23%	21.74%	10.58%	108.00%	-53.27%	38.96%
Effective Tax Rate	10.31%	10.31%	10.34%	10.31%	14.02%	10.11%

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