Bancolombia S.A. (BVC: BCOLOMBIA)

Bancolombia Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	34,077,523	35,240,787	24,783,493	15,344,290	16,132,977	16,628,320
Interest Income on Investments	2,392,212	2,015,557	2,249,308	1,119,799	678,998	608,523
Total Interest Income	36,469,735	37,256,344	27,032,801	16,464,089	16,811,975	17,236,843
Interest Paid on Deposits	16,197,984	16,668,295	8,442,470	4,351,556	5,863,008	6,179,794
Total Interest Expense	16,197,984	16,668,295	8,442,470	4,351,556	5,863,008	6,179,794
Net Interest Income	20,271,751	20,588,049	18,590,331	12,112,533	10,948,967	11,057,049
Net Interest Income Growth (YoY)	-3.24%	10.75%	53.48%	10.63%	-0.98%	6.77%
Gain (Loss) on Sale of Assets	112,845	170,910	171,482	227,445	65,932	93,548
Gain (Loss) on Sale of Investments	-	-	-	-	-	882,240
Other Non-Interest Income	7,053,735	7,580,850	5,348,519	5,245,023	4,620,068	3,961,941
Total Non-Interest Income	7,166,580	7,751,760	5,520,001	5,472,468	4,686,000	4,937,729
Non-Interest Income Growth (YoY)	6.59%	40.43%	0.87%	16.78%	-5.10%	9.70%
Revenues Before Loan Losses	27,438,331	28,339,809	24,110,332	17,585,001	15,634,967	15,994,778
Provision for Loan Losses	6,316,624	7,461,479	3,721,353	2,521,178	7,335,755	3,385,181
Revenue	21,121,707	20,878,330	20,388,979	15,063,823	8,299,212	12,609,597
Revenue Growth (YoY)	2.14%	2.40%	35.35%	81.51%	-34.18%	14.58%
Salaries and Employee Benefits	5,356,807	5,350,234	4,417,656	3,782,596	3,044,730	3,366,824
Occupancy Expenses	1,138,026	1,120,379	977,039	920,558	837,790	824,590
Selling, General & Administrative	5,131,825	5,033,944	4,559,900	3,740,506	3,346,859	3,069,058
Other Non-Interest Expense	1,519,245	1,433,148	929,512	719,593	765,766	993,345
Total Non-Interest Expense	13,145,903	12,937,705	10,884,107	9,163,253	7,995,145	8,253,817
EBT Excluding Unusual Items	7,975,804	7,940,625	9,504,872	5,900,570	304,067	4,355,780
Asset Writedown	106,626	193,046	233,081	67,762	-3,501	93,197
Other Unusual Items	10,910	13,855	6,833	15,680	8,207	28,554
Pretax Income	8,093,340	8,147,526	9,744,786	5,984,012	308,773	4,477,531
Income Tax Expense	1,978,059	1,932,555	2,748,421	1,776,225	-6,586	1,262,964
Earnings From Continuing Operations	6,115,281	6,214,971	6,996,365	4,207,787	315,359	3,214,567
Minority Interest in Earnings	-72,367	-98,035	-212,875	-120,992	-39,365	-97,216
Net Income	6,042,914	6,116,936	6,783,490	4,086,795	275,994	3,117,351
Net Income to Common	6,042,914	6,116,936	6,783,490	4,086,795	275,994	3,117,351
Net Income Growth	-6.30%	-9.83%	65.99%	1380.76%	-91.15%	17.24%
Basic Shares Outstanding	962	962	962	962	962	962
Diluted Shares Outstanding	962	962	962	962	962	962
Shares Change (YoY)	0.00%	0.00%	-0.00%	-	-	-
EPS (Basic)	6282.75	6359.71	7053.00	4248.99	286.95	3241.07
EPS (Diluted)	6282.75	6359.71	7053.00	4248.99	286.95	3241.07
EPS Growth	-6.30%	-9.83%	65.99%	1380.76%	-91.15%	17.24%
Dividend Per Share	3536.000	3536.000	3536.000	3120.000	260.000	1168.000
Dividend Growth	0%	0%	13.33%	1100.00%	-77.74%	6.96%
Effective Tax Rate	24.44%	23.72%	28.20%	29.68%	-	28.21%

Source: S&P Capital IQ. Banks template. Financial Sources.