Warba Bank K.S.C.P. (KWSE:WARBABANK)

Warba 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 Investments	248.38	244.86	224.81	129.3	95.41	109.28
Total Interest Income	248.38	244.86	224.81	129.3	95.41	109.28
Interest Paid on Deposits	192.12	190.07	180.78	81.06	48.58	62.83
Net Interest Income	56.26	54.79	44.03	48.24	46.83	46.46
Net Interest Income Growth (YoY)	10.93%	24.44%	-8.73%	3.01%	0.80%	2.13%
Gain (Loss) on Sale of Assets	-	-	1.9	0.58	2.6	2.05
Gain (Loss) on Sale of Investments	22.94	10.03	1.47	0.31	14.85	11.16
Gain (Loss) on Sale of Equity Investments	-7.97	-7.97	-0.2	16.31	27.01	8.54
Other Non-Interest Income	25.31	25.39	17.01	13.84	15.88	9.66
Total Non-Interest Income	40.28	27.46	20.18	31.04	60.35	31.4
Non-Interest Income Growth (YoY)	163.75%	36.07%	-34.99%	-48.58%	92.22%	116.62%
Revenues Before Loan Losses	96.53	82.24	64.2	79.28	107.18	77.85
Provision for Loan Losses	9.9	10.41	2.51	23.86	59.76	46.64
Revenue	86.64	71.84	61.7	55.42	47.43	31.22
Revenue Growth (YoY)	39.76%	16.43%	11.32%	16.86%	51.93%	-22.11%
Salaries and Employee Benefits	31.46	29.12	26.45	22.59	20.44	17.67
Occupancy Expenses	7.06	7.53	5.78	6.45	6.03	4.62
Selling, General & Administrative	10.75	9.77	8.78	6.1	4.4	4
Other Non-Interest Expense	0.62	0.62	0.54	0.53	0.44	0.17
Total Non-Interest Expense	50.1	47.25	41.74	35.85	31.46	26.46
EBT Excluding Unusual Items	36.54	24.58	19.96	19.57	15.96	4.76
Asset Writedown	-1.94	-1.94	-0.08	-0.08	0.17	0.94
Pretax Income	34.6	22.65	19.88	19.49	16.14	5.7
Income Tax Expense	0.84	0.24	0.21	0.21	0.17	0.07
Net Income	33.76	22.4	19.67	19.29	15.96	5.63
Preferred Dividends & Other Adjustments	3.08	3.08	3.08	4.53	5.77	4.98
Net Income to Common	30.68	19.33	16.59	14.76	10.2	0.65
Net Income Growth	79.75%	13.91%	1.97%	20.82%	183.35%	-65.93%
Basic Shares Outstanding	2,696	2,315	2,315	2,315	1,959	1,939
Diluted Shares Outstanding	2,696	2,315	2,315	2,315	1,959	1,939
Shares Change (YoY)	13.49%	-	-	18.15%	1.01%	6.40%
EPS (Basic)	0.01	0.01	0.01	0.01	0.01	0.00
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01	0.00
EPS Growth	72.12%	16.53%	12.39%	22.50%	1448.81%	-94.72%
Dividend Per Share	-	-	-	0.003	-	-
Effective Tax Rate	2.43%	1.07%	1.07%	1.05%	1.06%	1.14%

Updated Feb 11, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.