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 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	8,568	7,415	4,067	2,820	3,262	3,902
Interest Income on Investments	-	-	-	-	0.01	-
Total Interest Income	8,568	7,415	4,067	2,820	3,262	3,902
Interest Paid on Deposits	5,122	3,998	1,222	467.59	940.32	1,625
Net Interest Income	3,445	3,417	2,845	2,352	2,322	2,278
Net Interest Income Growth (YoY)	0.50%	20.12%	20.94%	1.32%	1.92%	-0.66%
Gain (Loss) on Sale of Investments	0.02	15.23	10.79	74.11	104.48	43.52
Other Non-Interest Income	652.81	534.13	422.23	326.54	419.99	496.82
Total Non-Interest Income	652.83	549.37	433.02	400.65	524.47	540.34
Non-Interest Income Growth (YoY)	40.08%	26.87%	8.08%	-23.61%	-2.94%	28.77%
Revenues Before Loan Losses	4,098	3,967	3,278	2,753	2,846	2,818
Provision for Loan Losses	320.12	358.66	191.57	271.07	449.41	1,343
Revenue	3,778	3,608	3,086	2,482	2,397	1,476
Revenue Growth (YoY)	11.23%	16.90%	24.35%	3.56%	62.42%	-40.16%
Salaries and Employee Benefits	802.99	786.7	747.24	687.38	672.04	626.33
Occupancy Expenses	192.13	183.46	154.99	150.95	144.68	143.52
Selling, General & Administrative	716.16	686.69	542.99	431.19	397.43	427.93
Total Non-Interest Expense	1,606	1,580	1,374	1,215	1,168	1,110
EBT Excluding Unusual Items	2,172	2,028	1,712	1,267	1,229	365.97
Other Unusual Items	-	-	-	-	-	-36.47
Pretax Income	2,172	2,028	1,712	1,267	1,229	329.5
Income Tax Expense	278.54	266.73	204.11	205.61	248.95	90.04
Net Income	1,894	1,762	1,508	1,062	979.56	239.46
Preferred Dividends & Other Adjustments	164.44	167.43	142.47	110.7	117.6	122.02
Net Income to Common	1,729	1,594	1,365	950.96	861.96	117.44
Net Income Growth	13.78%	16.83%	42.03%	8.38%	309.07%	-58.42%
Basic Shares Outstanding	1,250	1,250	1,250	1,200	1,148	1,138
Diluted Shares Outstanding	1,250	1,250	1,250	1,200	1,148	1,138
Shares Change (YoY)	-0.03%	-	4.20%	4.54%	0.86%	-7.13%
EPS (Basic)	1.38	1.28	1.09	0.79	0.75	0.10
EPS (Diluted)	1.38	1.28	1.09	0.79	0.75	0.10
EPS Growth	16.75%	16.76%	37.80%	5.53%	627.69%	-73.71%
Dividend Per Share	0.720	0.680	0.600	0.420	0.240	-
Dividend Growth	5.88%	13.33%	42.86%	75.00%	-	-
Effective Tax Rate	12.82%	13.15%	11.92%	16.22%	20.26%	27.33%

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