Arab National Bank (TADAWUL: 1080)

Arab National 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	14,088	12,477	7,657	5,172	5,992	7,633
Interest Income on Investments	159.34	143.14	159.62	87.59	83.38	84.53
Total Interest Income	14,248	12,620	7,816	5,259	6,075	7,717
Interest Paid on Deposits	6,401	5,340	2,020	499.62	1,123	2,080
Net Interest Income	7,847	7,280	5,796	4,760	4,952	5,637
Net Interest Income Growth (YoY)	9.31%	25.60%	21.78%	-3.89%	-12.16%	8.10%
Income From Trading Activities	61.64	26.94	39.37	13.42	5.42	-10.39
Gain (Loss) on Sale of Assets	20.8	20.8	2.65	-0.17	-0.05	-3.56
Gain (Loss) on Sale of Investments	17.1	187.05	88.81	245.35	-78.03	-7.93
Other Non-Interest Income	1,203	1,052	971.4	754.33	971.5	1,099
Total Non-Interest Income	1,303	1,287	1,102	1,013	898.83	1,077
Non-Interest Income Growth (YoY)	7.64%	16.76%	8.82%	12.69%	-16.54%	-18.64%
Revenues Before Loan Losses	9,150	8,567	6,898	5,773	5,851	6,714
Provision for Loan Losses	403.14	670.17	879.84	1,034	1,282	970.6
Revenue	8,747	7,897	6,018	4,738	4,569	5,744
Revenue Growth (YoY)	18.84%	31.21%	27.02%	3.71%	-20.46%	3.68%
Salaries and Employee Benefits	1,694	1,547	1,380	1,255	1,192	1,281
Occupancy Expenses	241.81	228.29	213.61	210.35	220.27	253.21
Selling, General & Administrative	1,112	1,072	864.47	736.35	634.21	668.48
Total Non-Interest Expense	3,324	3,150	2,386	2,116	1,997	2,193
EBT Excluding Unusual Items	5,423	4,747	3,633	2,622	2,572	3,551
Pretax Income	5,423	4,747	3,633	2,622	2,572	3,551
Income Tax Expense	770.32	671.11	565.78	450.15	502.71	528.82
Earnings From Continuing Operations	4,653	4,076	3,067	2,171	2,069	3,022
Minority Interest in Earnings	-2.47	-5.13	3.35	5.17	3.25	1.42
Net Income	4,650	4,071	3,070	2,177	2,072	3,023
Net Income to Common	4,650	4,071	3,070	2,177	2,072	3,023
Net Income Growth	18.61%	32.57%	41.06%	5.04%	-31.46%	-23.83%
Basic Shares Outstanding	2,000	2,000	2,000	2,000	2,000	2,000
Diluted Shares Outstanding	2,000	2,000	2,000	2,000	2,000	2,000
Shares Change (YoY)	-0.00%	-	-	-	-	-
EPS (Basic)	2.33	2.04	1.54	1.09	1.04	1.51
EPS (Diluted)	2.33	2.04	1.54	1.09	1.04	1.51
EPS Growth	18.61%	32.57%	41.06%	5.04%	-31.46%	-23.83%
Dividend Per Share	1.175	1.012	0.825	0.600	0.300	0.750
Dividend Growth	25.33%	22.73%	37.50%	100.00%	-60.00%	0%
Effective Tax Rate	14.20%	14.14%	15.57%	17.17%	19.55%	14.89%

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