Boubyan Bank K.S.C.P. (KWSE:BOUBYAN)

Boubyan Bank K.S.C.P. Income Statement

Financials in millions KWD. 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	476.3	458.52	396.77	283.71	223.19	223.06
Interest Paid on Deposits	268.58	258.09	224.29	116.49	65.68	84.18
Net Interest Income	207.72	200.43	172.48	167.22	157.51	138.89
Net Interest Income Growth (YoY)	12.08%	16.21%	3.14%	6.17%	13.41%	16.27%
Gain (Loss) on Sale of Assets	-0.75	-0.96	-	1.17	0.48	-
Gain (Loss) on Sale of Investments	1.27	2.26	2.26	-2.42	2.69	1.03
Gain (Loss) on Sale of Equity Investments	-0.12	0.03	0.51	0.71	0.4	0.27
Other Non-Interest Income	49.08	46.75	41.18	32.5	26.14	26.12
Total Non-Interest Income	49.48	48.08	43.94	31.96	29.7	27.42
Non-Interest Income Growth (YoY)	16.75%	9.41%	37.51%	7.61%	8.30%	4.03%
Revenues Before Loan Losses	257.2	248.51	216.42	199.18	187.2	166.31
Provision for Loan Losses	16.24	19.27	31.73	43.61	50.75	59.02
Revenue	240.96	229.24	184.69	155.57	136.45	107.29
Revenue Growth (YoY)	19.18%	24.12%	18.72%	14.01%	27.18%	-15.59%
Salaries and Employee Benefits	71.71	71.65	63.66	60.26	52.45	45.23
Occupancy Expenses	18.09	16.86	14.34	12.37	9.57	9.16
Selling, General & Administrative	40.75	38.2	33.16	28.75	25.8	20.46
Total Non-Interest Expense	130.55	126.71	111.16	101.38	87.82	74.85
EBT Excluding Unusual Items	110.41	102.53	73.53	54.2	48.64	32.45
Asset Writedown	-1.21	-2.33	1.61	2.18	0.58	-1.55
Other Unusual Items	-	-	-	-	-	2.73
Pretax Income	109.2	100.2	75.14	56.38	49.21	33.62
Income Tax Expense	9.3	3.42	-3.08	2.11	1.26	0.07
Earnings From Continuing Operations	99.9	96.78	78.22	54.27	47.96	33.55
Minority Interest in Earnings	-0.41	0.02	2.22	3.51	0.54	0.87
Net Income	99.49	96.8	80.44	57.79	48.49	34.42
Preferred Dividends & Other Adjustments	6.06	6.05	6.08	6.07	5.35	5.19
Net Income to Common	93.44	90.75	74.36	51.72	43.15	29.24
Net Income Growth	12.07%	20.34%	39.20%	19.16%	40.88%	-45.06%
Basic Shares Outstanding	4,410	4,410	4,410	4,310	4,122	3,938
Diluted Shares Outstanding	4,410	4,410	4,410	4,310	4,122	3,938
Shares Change (YoY)	-0.00%	-0.00%	2.34%	4.56%	4.65%	2.16%
EPS (Basic)	0.02	0.02	0.02	0.01	0.01	0.01
EPS (Diluted)	0.02	0.02	0.02	0.01	0.01	0.01
EPS Growth	13.00%	22.05%	40.50%	14.64%	41.04%	-50.26%
Dividend Per Share	0.009	0.009	0.008	0.005	0.004	-
Dividend Growth	25.00%	25.00%	49.02%	27.50%	-	-
Effective Tax Rate	8.52%	3.41%	-	3.74%	2.55%	0.22%

Updated Jan 28, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.