Cash flow The Saudi National Bank

Equities

1180

SA13L050IE10

Banks

Market Closed - Saudi Arabian S.E. Other stock markets 13:20:01 10/09/2024 BST			5-day change	1st Jan Change
34.65 ^SAR	+0.73%		-0.86%	-10.35%

09-01	Acwa Power Secures SAR10 Billion Funding for Three PV Solar Projects in Saudi Arabia	MT
08-26	Arqaam Capital Lifts Saudi National Bank PT, Maintains Buy Rating	MT

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Published financial data: THE SAUDI NATIONAL BANK

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	20.53B	19.44B	25.18B	34.39B	49.86B
Interest Income On Investments	-	-	-	-	-
Interest Income, Total	20.53B	19.44B	25.18B	34.39B	49.86B
Interest On Deposits	4.72B	2.75B	3.06B	8.11B	22.85B
Interest Expense, Total	4.72B	2.75B	3.06B	8.11B	22.85B
Net Interest Income	15.81B	16.69B	22.12B	26.29B	27.01B
Income From Trading Activities	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	-	-	-	-	-
Total Other Non Interest Income	4.8B	4.77B	6.34B	6.72B	7.58B
Non Interest Income, Total	4.8B	4.77B	6.34B	6.72B	7.58B
Revenues Before Provison For Loan Losses	20.61B	21.46B	28.46B	33B	34.59B
Provision For Loan Losses	1.42B	1.95B	3.93B	1.69B	923M
Total Revenues	19.19B	19.51B	24.54B	31.32B	33.67B
Salaries And Other Employee Benefits	3.44B	3.43B	4.27B	4.12B	4.52B
Amort. of Goodwill & Intang. Assets	-	-	689M	845M	820M
Occupancy Expense	866M	901M	1.1B	1.44B	1.46B
Selling General & Admin Expenses, Total	2.02B	2.17B	3.64B	3.38B	3.56B
(Income) Loss on Equity Invest.	-	-	-	-	-
Non Operating (Income) Expenses	-62.45M	76.77M	234M	258M	537M
Non Interest Expense, Total	6.27B	6.57B	9.93B	10.04B	10.89B
EBT, Excl. Unusual Items	12.92B	12.93B	14.6B	21.28B	22.77B
Total Merger & Related Restructuring Charges	-	-	-163M	-	-
Impairment of Goodwill	-	-	-	-	-
EBT, Incl. Unusual Items	12.92B	12.93B	14.44B	21.28B	22.77B
Income Tax Expense	1.43B	1.37B	1.65B	2.55B	2.66B
Earnings From Continuing Operations	11.48B	11.56B	12.78B	18.73B	20.11B
Net Income to Company	11.48B	11.56B	12.78B	18.73B	20.11B
Minority Interest	-82.43M	-120M	-116M	-148M	-98.86M
Net Income - (IS)	11.4B	11.44B	12.67B	18.58B	20.01B
Preferred Dividend and Other Adjustments	397M	438M	485M	568M	773M
Net Income to Common Incl Extra Items	11B	11B	12.18B	18.01B	19.24B
Net Income to Common Excl. Extra Items	11B	11B	12.18B	18.01B	19.24B
Per Share Items
Net EPS - Basic	2.76	2.76	2.24	3.04	3.23
Basic EPS - Continuing Operations	2.76	2.76	2.24	3.04	3.23
Basic Weighted Average Shares Outstanding	3.99B	3.99B	5.43B	5.92B	5.95B
Net EPS - Diluted	2.75	2.75	2.24	3.04	3.23
Diluted EPS - Continuing Operations	2.75	2.75	2.24	3.04	3.23
Diluted Weighted Average Shares Outstanding	3.99B	3.99B	5.44B	5.93B	5.96B
Normalized Basic EPS	2	2	1.66	2.22	2.38
Normalized Diluted EPS	2	1.99	1.66	2.22	2.37
Dividend Per Share	1.72	0.6	1.16	1.28	1.75
Payout Ratio	57.82	31.47	51.26	48.2	38.91
Supplemental Items
Effective Tax Rate - (Ratio)	11.11	10.62	11.45	11.98	11.7
Normalized Net Income	7.99B	7.96B	9.01B	13.15B	14.13B
Non-Cash Pension Expense	152M	159M	225M	106M	77.69M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	109M	124M	149M	191M	142M
Total Stock-Based Compensation	109M	124M	149M	191M	142M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	32.67B	41.89B	51.73B	20.16B	40.48B
Investment Securities, Total	126B	83.95B	222B	259B	269B
Trading Asset Securities, Total	13.63B	69.24B	27.54B	20.57B	21.3B
Total investments	140B	153B	250B	279B	291B
Gross Loans	301B	366B	516B	565B	620B
Allowance For Loan Losses	-7.36B	-8.79B	-10.9B	-11.41B	-10.28B
Other Adjustments to Gross Loans	-11.76B	-10.31B	-9.2B	-8.27B	-8.61B
Net Loans	282B	347B	496B	545B	602B
Gross Property Plant And Equipment	11.36B	12.08B	15.9B	17.88B	18.8B
Accumulated Depreciation	-5.14B	-5.79B	-6.53B	-7.92B	-8.69B
Net Property Plant And Equipment	6.23B	6.28B	9.37B	9.96B	10.12B
Goodwill	-	-	34.01B	34.01B	34.01B
Other Intangibles, Total	940M	1.08B	9.47B	8.95B	8.49B
Other Receivables	9.54B	5.52B	6.41B	3.97B	6.89B
Restricted Cash	19.73B	23.05B	34.19B	33.98B	34.69B
Other Current Assets, Total	8.37B	13.18B	15.44B	6.15B	5.25B
Other Real Estate Owned And Foreclosed	1.28B	965M	706M	557M	703M
Other Long-Term Assets, Total	6.41B	7.57B	7.16B	3.34B	4.26B
Total Assets	507B	599B	914B	945B	1,037B
Liabilities
Accrued Expenses, Total	5.94B	5.63B	9.84B	8.44B	7.57B
Interest Bearing Deposits	122B	145B	205B	227B	225B
Non-Interest Bearing Deposits	257B	324B	462B	431B	450B
Total Deposits	378B	469B	667B	659B	675B
Short-Term Borrowings	43.28B	32.3B	44.54B	79.97B	147B
Current Portion of Long-Term Debt	81.26M	1.16B	277M	4.06B	5.15B
Current Portion of Leases	-	854M	392M	612M	268M
Long-Term Debt	935M	608M	5.84B	8.93B	8.74B
Long-Term Leases	1.83B	901M	1.69B	1.21B	933M
Current Income Taxes Payable	1.46B	1.41B	1.66B	2.63B	2.21B
Accrued Interest Payable	-	-	-	-	-
Other Current Liabilities - (Bank / Utility Template)	-	-	3.89B	-	-
Pension & Other Post Retirement Benefits	1.2B	1.43B	1.84B	1.45B	1.5B
Other Non Current Liabilities	4.37B	6.04B	14.18B	12.69B	12.22B
Total Liabilities	437B	519B	751B	779B	860B
Common Stock, Total	30B	30B	44.78B	44.78B	60B
Additional Paid In Capital	-	-	63.7B	63.7B	63.7B
Retained Earnings	35.87B	42.77B	48.5B	57.99B	50.27B
Treasury Stock	-358M	-371M	-2.14B	-2.03B	-2.2B
Comprehensive Income and Other	3.37B	7.01B	7.35B	1.53B	4.13B
Total Common Equity	68.89B	79.41B	162B	166B	176B
Minority Interest	900M	805M	572M	804M	724M
Total Equity	69.79B	80.21B	163B	167B	177B
Total Liabilities And Equity	507B	599B	914B	945B	1,037B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.99B	3.99B	5.91B	5.92B	5.94B
ECS Total Common Shares Outstanding	3.99B	3.99B	5.91B	5.92B	5.94B
Book Value / Share	15.52	17.36	25.36	25.43	27.05
Tangible Book Value	67.95B	78.33B	119B	123B	133B
Tangible Book Value Per Share	15.28	17.09	18.01	18.17	19.9
Total Debt	46.12B	35.83B	52.73B	94.77B	162B
Deposits at Interest - Cash	23.15B	34.35B	43.36B	13.1B	33.4B
Net Debt	-181M	-75.3B	-26.53B	54.04B	100B
Equity Method Investments, Total	438M	442M	320M	246M	246M
Full Time Employees	12.88K	13.33K	16.11K	15.91K	16.08K
Number Of Offices	436	433	510	498	474

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	11.4B	11.44B	12.67B	18.58B	20.01B
Depreciation, Depletion & Amortization	820M	716M	868M	1.15B	940M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	689M	845M	820M
Total Depreciation, Depletion & Amortization	820M	716M	1.56B	2B	1.76B
Amortization of Deferred Charges, Total	45.89M	185M	232M	281M	518M
(Gain) Loss On Sale of Asset - (CF)	20.91M	64.45M	14.4M	-88.06M	-15M
(Gain) Loss on Sale of Investments - (CF)	-857M	-718M	-195M	-246M	-288M
Total Asset Writedown	2.66M	-	-	-	-
Provision for Credit Losses	1.45B	1.95B	3.93B	1.69B	923M
(Income) Loss On Equity Investments - (CF)	-2.56M	-3.13M	122M	-	-
Stock-Based Compensation (CF)	109M	124M	149M	191M	142M
Change in Trading Asset Securities	-4.17B	-2.96B	2.29B	-9.87B	-5.9B
Change in Other Net Operating Assets (Collected)	-7.08B	-59.86B	2.68B	-6.86B	-11.56B
Other Operating Activities	1.52B	1.49B	1.77B	3.01B	3.29B
Cash from Operations	3.25B	-47.57B	25.21B	8.68B	8.88B
Capital Expenditure	-782M	-1.07B	-1.74B	-2.05B	-1.79B
Sale of Property, Plant, and Equipment	26.85M	19.81M	435M	305M	158M
Cash Acquisitions	-	-	24.64B	-	-
Purchase / Sale of Intangible Assets	-30.61M	-39.33M	-38.61M	-20.45M	-217M
Investment in Marketable and Equity Securities, Total	-10.88B	-9.57B	-23.8B	-26.78B	-7.53B
Other Investing Activities, Total	11.45M	-	-	-	-
Cash from Investing	-11.65B	-10.66B	-503M	-28.55B	-9.38B
Long-Term Debt Issued, Total	5.31B	4.76B	4.31B	10.56B	2.38B
Total Debt Issued	5.31B	4.76B	4.31B	10.56B	2.38B
Long-Term Debt Repaid, Total	-13.24B	-3.82B	-5.02B	-3.61B	-1.92B
Total Debt Repaid	-13.24B	-3.82B	-5.02B	-3.61B	-1.92B
Issuance of Common Stock	-	4.2B	4.69B	3.3B	1B
Repurchase of Common Stock	-125M	-1.15B	-2.7B	-	-1.65B
Common Dividends Paid	-6.59B	-3.6B	-6.49B	-8.96B	-7.79B
Common & Preferred Stock Dividends Paid	-6.59B	-3.6B	-6.49B	-8.96B	-7.79B
Net Increase (Decrease) in Deposit Accounts - (CF)	36.82B	68.13B	-8.34B	-12.92B	30.19B
Other Financing Activities, Total	-430M	-438M	-485M	-568M	-773M
Cash from Financing	21.74B	68.08B	-14.04B	-12.19B	21.45B
Foreign Exchange Rate Adjustments	-458M	-632M	-839M	-652M	-640M
Net Change in Cash	12.88B	9.22B	9.83B	-32.71B	20.32B
Supplemental Items
Net Debt Issued / Repaid	-7.93B	942M	-708M	6.95B	466M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.39	2.09	1.69	2.01	2.03
Return On Equity %	16.96	15.46	10.52	11.37	11.71
Return on Common Equity	16.47	14.88	10.09	10.98	11.25
Shareholders Value Added	3.38B	2.57B	-1.04B	-265M	318M
Margin Analysis
SG&A Margin	33	33.31	36.73	28.54	28.33
Net Interest Income / Total Revenues %	82.38	85.54	90.16	83.93	80.22
EBT Excl. Non-Recurring Items Margin %	67.33	66.3	59.51	67.94	67.64
Income From Continuing Operations Margin %	59.85	59.26	52.1	59.8	59.73
Net Income Margin %	59.42	58.65	51.63	59.33	59.44
Net Avail. For Common Margin %	57.35	56.4	49.66	57.52	57.14
Normalized Net Income Margin	41.65	40.82	36.72	41.99	41.98
Asset quality
Nonperforming Loans / Total Loans %	1.77	1.68	1.56	1.59	1.19
Nonperforming Loans / Total Assets %	1.05	1.02	0.88	0.95	0.71
Nonperforming Assets / Total Assets %	1.3	1.18	0.96	1.01	0.78
NPAs / Loans and OREO	2.18	1.93	1.69	1.69	1.3
NPAs / Equity	9.48	8.84	5.38	5.72	4.56
Allowance for Credit Losses / Net Charge-offs %	521.22	2.05K	1.04K	1.07K	446.2
Allowance for Credit Losses / Nonperforming Loans %	138.14	143.45	135.46	127	139.62
Allowance for Credit Losses / Total Loans %	2.44	2.4	2.11	2.02	1.66
Provision for Loan Losses / Net Charge-offs %	100.53	453.81	373.63	158.78	40.07
Capital And Funding
Total Average Common Equity / Total Average Assets %	13.93	13.36	15.96	17.65	17.24
Total Average Equity / Total Average Assets %	14.12	13.52	16.05	17.72	17.32
Total Equity + Allowance for Loan Losses / Total Loans %	25.3	24.11	33.55	31.4	30.01
Gross Loans / Total Deposits %	79.66	78.02	77.33	85.77	91.93
Net Loans / Total Deposits %	74.6	73.94	74.32	82.78	89.13
Tier 1 Capital Ratio %	18	19.3	18.4	18.3	19.4
Total Capital Ratio %	18.7	20.3	19.2	19	20.1
Core Tier 1 Capital Ratio	-	-	-	-	17.3
Tier 2 Capital Ratio	0.77	1.07	0.81	0.75	0.76
Coverage Ratio	138.14	143.45	132.25	95.55	97.43
Interbank Ratio	40.62	33.58	46.71	23.48	30.08
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	3.74	5.7	5.72	3.62	2
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	4.52	1.86	32.58	18.37	2.75
Non Interest Income, 1 Yr. Growth %	26.2	13.81	32.86	11.43	12.85
Provision For Loan Losses, 1 Yr. Growth %	-0.71	37.39	101.29	-57.45	-45.25
Total Revenues, 1 Yr. Growth %	9.66	1.84	25.78	29.01	7.5
Earnings From Cont. Operations, 1 Yr. Growth %	18.12	0.66	10.59	46.5	7.37
Net Income, 1 Yr. Growth %	18.84	0.34	10.73	46.67	7.69
Normalized Net Income, 1 Yr. Growth %	18.07	-0.35	12.52	47.45	7.48
Diluted EPS Before Extra, 1 Yr. Growth %	19.16	0	-18.8	35.91	6.95
Dividend Per Share, 1 Yr. Growth % </