Sohar International Bank SAOG (MSM:BKSB)

MSM:BKSB Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	313.96	314.46	240.13	167.34	148.21	146.99
Interest Paid on Deposits	148.35	144.42	121.68	72.74	70.45	75.02
Net Interest Income	165.61	170.04	118.45	94.61	77.77	71.97
Net Interest Income Growth (YoY)	21.76%	43.55%	25.21%	21.66%	8.05%	2.54%
Gain (Loss) on Sale of Assets	-	-	-	0.04	-	-
Gain (Loss) on Sale of Investments	0.77	0.65	-1.69	-0.53	3.22	-0.07
Other Non-Interest Income	73.71	74.25	46.64	38.73	29.68	20.08
Total Non-Interest Income	74.47	74.91	44.95	38.24	32.9	20.01
Non-Interest Income Growth (YoY)	45.02%	66.63%	17.56%	16.23%	64.38%	-41.94%
Revenues Before Loan Losses	240.08	244.95	163.41	132.85	110.66	91.99
Provision for Loan Losses	39.73	37.86	105.07	39.66	27.09	23.13
Revenue	200.35	207.09	58.34	93.19	83.57	68.85
Revenue Growth (YoY)	143.46%	254.98%	-37.40%	11.50%	21.38%	-19.77%
Salaries and Employee Benefits	60.67	58.53	44.9	32.89	29.88	27.27
Occupancy Expenses	4.98	4.92	4	3.67	3.1	2.97
Selling, General & Administrative	35.44	34.96	28.02	18.61	17.28	14.92
Other Non-Interest Expense	-2.16	-	-	-	-	-
Total Non-Interest Expense	98.92	98.41	76.93	55.17	50.26	45.16
EBT Excluding Unusual Items	101.43	108.68	-18.59	38.02	33.31	23.7
Pretax Income	101.43	108.68	-18.59	38.02	33.31	23.7
Income Tax Expense	14.15	17.73	2.83	3.14	4.98	3.68
Earnings From Continuing Operations	87.28	90.95	-21.42	34.88	28.34	20.01
Earnings From Discontinued Operations	9.23	9.23	91.75	-	-	-
Net Income	96.52	100.18	70.34	34.88	28.34	20.01
Preferred Dividends & Other Adjustments	-	3.74	7.5	15.25	15.25	15.25
Net Income to Common	96.52	96.44	62.84	19.63	13.09	4.76
Net Income Growth	17.45%	42.43%	101.66%	23.08%	41.60%	-41.83%
Basic Shares Outstanding	5,926	5,666	5,027	3,507	2,680	2,482
Diluted Shares Outstanding	5,926	5,666	5,027	3,507	2,680	2,482
Shares Change (YoY)	12.86%	12.72%	43.33%	30.86%	7.98%	9.63%
EPS (Basic)	0.02	0.02	0.01	0.01	0.00	0.00
EPS (Diluted)	0.02	0.02	0.01	0.01	0.00	0.00
EPS Growth	14.55%	36.17%	123.37%	14.60%	154.46%	-80.82%
Dividend Per Share	0.008	0.008	0.005	0.004	0.004	-
Dividend Growth	48.15%	48.15%	22.73%	12.82%	-	-
Effective Tax Rate	13.95%	16.31%	-	8.25%	14.93%	15.54%

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