Safwa Islamic Bank (ASE:SIBK)

Safwa Islamic Bank Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	106.36	94.55	88.06	71.47	58.75	47.81
Interest Paid on Deposits	120.72	110.06	94.23	63.21	45.66	38.25
Net Interest Income	-14.36	-15.51	-6.17	8.26	13.1	9.56
Net Interest Income Growth (YoY)	-	-	-	-36.94%	36.97%	109.27%
Gain (Loss) on Sale of Assets	0.59	0.59	0.08	-0	0.01	-0.01
Gain (Loss) on Sale of Investments	36.45	27.21	15.12	9.39	5.86	6.94
Gain (Loss) on Sale of Equity Investments	0.01	-0.02	0	0.01	0	0.01
Other Non-Interest Income	96.29	93.71	71.06	48.31	39.73	35.87
Total Non-Interest Income	133.34	121.49	86.27	57.7	45.6	42.8
Non-Interest Income Growth (YoY)	20.45%	40.83%	49.50%	26.54%	6.55%	-1.34%
Revenues Before Loan Losses	118.98	105.98	80.1	65.96	58.7	52.36
Provision for Loan Losses	31.58	32.98	15.91	12.03	9.52	10.04
Revenue	87.39	73	64.19	53.93	49.18	42.31
Revenue Growth (YoY)	27.63%	13.72%	19.02%	9.67%	16.22%	-0.90%
Salaries and Employee Benefits	22.26	19.47	16.96	15.38	14.4	13.12
Occupancy Expenses	5.24	4.98	4.89	5.24	5.07	5.09
Federal Deposit Insurance	5.71	5.01	4.47	-	-	-
Selling, General & Administrative	2.84	2.82	1.77	1.57	1.62	1.64
Other Non-Interest Expense	10.27	7.93	7.79	7.32	5.27	6.62
Total Non-Interest Expense	46.33	40.21	35.87	29.51	26.36	26.48
EBT Excluding Unusual Items	41.07	32.79	28.32	24.42	22.82	15.83
Pretax Income	41.07	32.79	28.32	24.42	22.82	15.83
Income Tax Expense	15.75	12.56	10.81	9.31	8.76	5.66
Net Income	25.32	20.22	17.51	15.11	14.06	10.17
Net Income to Common	25.32	20.22	17.51	15.11	14.06	10.17
Net Income Growth	35.16%	15.50%	15.87%	7.48%	38.29%	1.51%
Basic Shares Outstanding	150	150	150	150	150	150
Diluted Shares Outstanding	150	150	150	150	150	150
EPS (Basic)	0.17	0.13	0.12	0.10	0.09	0.07
EPS (Diluted)	0.17	0.13	0.12	0.10	0.09	0.07
EPS Growth	35.16%	15.50%	15.87%	7.48%	38.29%	1.51%
Dividend Per Share	-	-	-	-	0.040	0.040
Effective Tax Rate	38.35%	38.32%	38.18%	38.12%	38.38%	35.78%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.