The Saudi Investment Bank (TADAWUL:1030)

The Saudi Investment Bank Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	9,082	8,864	7,415	4,067	2,820	3,262
Interest Income on Investments	-	-	-	-	-	0.01
Total Interest Income	9,082	8,864	7,415	4,067	2,820	3,262
Interest Paid on Deposits	5,506	5,327	3,998	1,222	467.59	940.32
Net Interest Income	3,577	3,537	3,417	2,845	2,352	2,322
Net Interest Income Growth (YoY)	4.50%	3.50%	20.12%	20.94%	1.32%	1.92%
Gain (Loss) on Sale of Investments	11.8	1.22	15.23	10.79	74.11	104.48
Other Non-Interest Income	644.58	640.14	534.13	422.23	326.54	419.99
Total Non-Interest Income	656.39	641.36	549.37	433.02	400.65	524.47
Non-Interest Income Growth (YoY)	13.94%	16.74%	26.87%	8.08%	-23.61%	-2.94%
Revenues Before Loan Losses	4,233	4,178	3,967	3,278	2,753	2,846
Provision for Loan Losses	269.36	289.95	358.66	191.57	271.07	449.41
Revenue	3,964	3,888	3,608	3,086	2,482	2,397
Revenue Growth (YoY)	8.91%	7.76%	16.90%	24.35%	3.56%	62.42%
Salaries and Employee Benefits	830.67	822.36	786.7	747.24	687.38	672.04
Occupancy Expenses	180.87	176.83	183.46	154.99	150.95	144.68
Selling, General & Administrative	727.82	735.31	686.69	542.99	431.19	397.43
Total Non-Interest Expense	1,620	1,618	1,580	1,374	1,215	1,168
EBT Excluding Unusual Items	2,344	2,270	2,028	1,712	1,267	1,229
Pretax Income	2,344	2,270	2,028	1,712	1,267	1,229
Income Tax Expense	326.13	313.24	266.73	204.11	205.61	248.95
Net Income	2,018	1,957	1,762	1,508	1,062	979.56
Preferred Dividends & Other Adjustments	169.45	169.56	167.43	142.47	110.7	117.6
Net Income to Common	1,848	1,787	1,594	1,365	950.96	861.96
Net Income Growth	12.39%	11.07%	16.83%	42.03%	8.38%	309.07%
Basic Shares Outstanding	1,247	1,247	1,250	1,250	1,200	1,148
Diluted Shares Outstanding	1,247	1,247	1,250	1,250	1,200	1,148
Shares Change (YoY)	-0.28%	-0.23%	-	4.20%	4.54%	0.86%
EPS (Basic)	1.48	1.43	1.28	1.09	0.79	0.75
EPS (Diluted)	1.48	1.43	1.28	1.09	0.79	0.75
EPS Growth	13.66%	12.35%	16.76%	37.80%	5.53%	627.69%
Dividend Per Share	0.760	0.760	0.680	0.600	0.420	0.240
Dividend Growth	11.77%	11.77%	13.33%	42.86%	75.00%	-
Effective Tax Rate	13.91%	13.80%	13.15%	11.92%	16.23%	20.26%

Updated Feb 4, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.