BAC Holding International Corp. (BVC: BHI)

BAC Holding International Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	2,623	2,306	1,881	1,692	1,769	1,807
Interest Income on Investments	361.82	327.1	209.52	175.46	158.02	148.93
Total Interest Income	2,984	2,633	2,090	1,868	1,927	1,956
Interest Paid on Deposits	748.07	613.54	459.28	470.39	511	480.76
Interest Paid on Borrowings	339.43	301.27	179.15	136.9	156.93	176.36
Total Interest Expense	1,087	914.81	638.43	607.29	667.93	657.11
Net Interest Income	1,897	1,718	1,452	1,260	1,259	1,298
Net Interest Income Growth (YoY)	14.01%	18.35%	15.21%	0.08%	-3.01%	6.62%
Gain (Loss) on Sale of Assets	-0.82	-0.82	-0.85	-0.23	4.19	2.44
Gain (Loss) on Sale of Investments	25.68	13.96	5.18	-4.44	-15.6	2.63
Other Non-Interest Income	1,092	956.89	869.91	878.46	819.64	836.98
Total Non-Interest Income	1,117	970.03	874.23	873.8	808.22	842.05
Non-Interest Income Growth (YoY)	23.61%	10.96%	0.05%	8.11%	-4.02%	-1.14%
Revenues Before Loan Losses	3,014	2,688	2,326	2,134	2,068	2,140
Provision for Loan Losses	492.35	386.86	346.31	346.98	454.57	381.63
Revenue	2,521	2,302	1,980	1,787	1,613	1,759
Revenue Growth (YoY)	13.43%	16.25%	10.79%	10.80%	-8.29%	3.78%
Salaries and Employee Benefits	696.49	651.88	543.18	501.77	519.54	539.91
Occupancy Expenses	136.08	132.39	115.48	117.43	127.57	125.71
Selling, General & Administrative	256.75	247.71	226.55	188.83	148.43	188.02
Other Non-Interest Expense	570.47	518.31	453.24	399.57	380.26	357.76
Total Non-Interest Expense	1,660	1,550	1,338	1,208	1,176	1,211
EBT Excluding Unusual Items	861.44	751.29	641.47	579.51	437.16	547.4
Pretax Income	861.44	751.29	641.47	579.51	437.16	547.4
Income Tax Expense	221.26	197.74	206.26	148.52	131.77	145.45
Earnings From Continuing Operations	640.18	553.54	435.21	430.99	305.39	401.95
Earnings From Discontinued Operations	-	-	-	17.33	5.51	-
Minority Interest in Earnings	-0.07	-0.07	-0.06	-0.05	-0.06	-0.03
Net Income	640.11	553.47	435.15	448.27	310.84	401.92
Net Income to Common	640.11	553.47	435.15	448.27	310.84	401.92
Net Income Growth	23.73%	27.19%	-2.93%	44.21%	-22.66%	2.85%
Basic Shares Outstanding	43,220	43,220	43,220	43,284	43,284	77
Diluted Shares Outstanding	43,467	43,403	43,531	43,284	43,284	77
Shares Change (YoY)	-0.15%	-0.29%	0.57%	-	55791.24%	-99.82%
EPS (Basic)	0.01	0.01	0.01	0.01	0.01	5.19
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01	5.19
EPS Growth	24.92%	27.12%	-7.62%	-11.06%	-99.86%	57392.22%
Dividend Per Share	-	-	0.008	-	-	-
Effective Tax Rate	25.68%	26.32%	32.15%	25.63%	30.14%	26.57%

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