The Saudi National Bank (TADAWUL: 1180)

The Saudi 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	56,633	49,857	34,393	25,439	19,439	21,117
Total Interest Income	56,633	49,857	34,393	25,439	19,439	21,117
Interest Paid on Deposits	28,934	22,848	8,106	3,231	2,754	4,735
Net Interest Income	27,700	27,009	26,287	22,208	16,685	16,382
Net Interest Income Growth (YoY)	2.92%	2.75%	18.37%	33.10%	1.84%	8.33%
Other Non-Interest Income	7,975	7,580	6,717	6,028	4,773	4,192
Total Non-Interest Income	7,975	7,580	6,717	6,028	4,773	4,192
Non-Interest Income Growth (YoY)	11.23%	12.85%	11.43%	26.29%	13.86%	10.20%
Revenues Before Loan Losses	35,675	34,589	33,005	28,236	21,458	20,575
Provision for Loan Losses	1,433	922.75	1,685	3,961	1,951	1,420
Revenue	34,242	33,667	31,319	24,275	19,507	19,155
Revenue Growth (YoY)	2.44%	7.50%	29.02%	24.44%	1.84%	9.47%
Salaries and Employee Benefits	4,606	4,520	4,119	4,018	3,425	3,441
Occupancy Expenses	1,705	1,459	1,435	1,108	900.52	865.94
Amortization of Goodwill & Intangibles	820.28	820.28	844.87	688.97	-	-
Selling, General & Administrative	3,697	3,558	3,386	3,747	2,101	1,992
Total Non-Interest Expense	11,295	10,894	10,042	9,821	6,504	6,236
EBT Excluding Unusual Items	22,947	22,773	21,277	14,454	13,003	12,919
Pretax Income	22,947	22,773	21,277	14,454	12,933	12,919
Income Tax Expense	2,439	2,664	2,548	1,670	1,373	1,435
Earnings From Continuing Operations	20,508	20,109	18,729	12,784	11,560	11,484
Minority Interest in Earnings	91.43	-98.86	-148.15	-115.96	-120.01	-82.43
Net Income	20,600	20,010	18,581	12,668	11,440	11,401
Preferred Dividends & Other Adjustments	761.97	772.53	567.92	484.53	437.5	396.9
Net Income to Common	19,838	19,237	18,013	12,184	11,003	11,005
Net Income Growth	3.97%	7.69%	46.67%	10.73%	0.34%	18.84%
Basic Shares Outstanding	5,932	5,948	5,947	5,433	3,989	3,989
Diluted Shares Outstanding	5,957	5,956	5,956	5,442	3,995	3,994
Shares Change (YoY)	-0.13%	-0.01%	9.44%	36.24%	0.03%	0.03%
EPS (Basic)	3.34	3.23	3.03	2.24	2.76	2.76
EPS (Diluted)	3.33	3.23	3.02	2.23	2.75	2.75
EPS Growth	4.40%	6.95%	35.12%	-18.80%	0.00%	19.16%
Dividend Per Share	1.800	1.750	1.275	1.163	0.600	1.725
Dividend Growth	38.46%	37.25%	9.68%	93.75%	-65.22%	9.52%
Effective Tax Rate	10.63%	11.70%	11.98%	11.55%	10.62%	11.11%

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