Al Salam Bank B.S.C. (DFM:SALAM_BAH)

Al Salam Bank B.S.C. Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	380.39	333.38	222.76	129.94	98.78	94.34
Interest Income on Investments	-14.07	-	-	-	-	-
Total Interest Income	366.32	333.38	222.76	129.94	98.78	94.34
Interest Paid on Borrowings	51.23	41.89	33.96	11	7.03	9.82
Total Interest Expense	51.23	41.89	33.96	11	7.03	9.82
Net Interest Income	315.09	291.49	188.8	118.94	91.75	84.52
Net Interest Income Growth (YoY)	32.10%	54.39%	58.74%	29.63%	8.55%	26.10%
Gain (Loss) on Sale of Assets	-	-	-	-0.02	0.17	-0.08
Gain (Loss) on Sale of Investments	-1.11	-0.77	-9.13	2.51	-0.05	-9.12
Gain (Loss) on Sale of Equity Investments	19.44	18.17	21.04	9.33	2.7	1.95
Other Non-Interest Income	37.97	40.02	29.03	-34.15	-28.06	-18.11
Total Non-Interest Income	56.3	57.42	40.94	-22.34	-25.25	-25.35
Non-Interest Income Growth (YoY)	45.99%	40.26%	-	-	-	-
Revenues Before Loan Losses	371.4	348.91	229.74	96.6	66.5	59.17
Provision for Loan Losses	30.99	21.17	22.99	12.68	12.51	18.28
Revenue	340.4	327.74	206.75	83.91	53.99	40.89
Revenue Growth (YoY)	30.77%	58.52%	146.38%	55.44%	32.02%	-21.45%
Salaries and Employee Benefits	46.66	44.35	31.77	23.56	17.03	14.76
Occupancy Expenses	8.06	8.06	4.32	2.29	1.28	1.88
Selling, General & Administrative	4.49	4.49	3.42	1.99	1.87	2.29
Other Non-Interest Expense	200.45	197.53	130.12	22.8	12.82	11.09
Total Non-Interest Expense	259.66	254.43	169.62	50.64	33	30.03
EBT Excluding Unusual Items	80.74	73.31	37.13	33.27	20.99	10.87
Asset Writedown	-	-	-	-0.2	-0.11	-1.75
Other Unusual Items	2.68	2.68	15.56	-	0.35	-
Pretax Income	83.43	75.99	52.69	33.07	21.22	9.12
Income Tax Expense	6.81	6.49	4.51	-	-	-
Earnings From Continuing Operations	76.61	69.5	48.18	33.07	21.22	9.12
Minority Interest in Earnings	-8.52	-10.49	-5.95	-1.48	0.14	0.02
Net Income	68.09	59.01	42.23	31.59	21.37	9.14
Net Income to Common	68.09	59.01	42.23	31.59	21.37	9.14
Net Income Growth	36.28%	39.75%	33.66%	47.86%	133.72%	-56.66%
Basic Shares Outstanding	2,995	2,867	2,793	2,794	2,891	2,866
Diluted Shares Outstanding	2,995	2,867	2,793	2,794	2,891	2,866
Shares Change (YoY)	4.05%	2.65%	-0.05%	-3.35%	0.85%	-1.10%
EPS (Basic)	0.02	0.02	0.02	0.01	0.01	0.00
EPS (Diluted)	0.02	0.02	0.02	0.01	0.01	0.00
EPS Growth	30.98%	36.14%	33.73%	52.98%	131.76%	-56.18%
Dividend Per Share	0.006	0.006	0.006	0.004	0.003	0.004
Dividend Growth	-9.68%	-9.68%	47.62%	27.27%	-15.38%	-35.00%
Effective Tax Rate	8.17%	8.54%	8.56%	-	-	-

Updated Feb 6, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.