Corporación Financiera Colombiana S.A. (BVC: CORFICOLCF)

CORFICOLCF 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	-	1,035,139	399,888	291,478	296,010	323,821
Interest Income on Investments	-	-	297,779	247,080	167,371	164,333
Total Interest Income	-	1,035,139	697,667	538,558	463,381	488,154
Interest Paid on Deposits	-	3,805,187	1,310,259	697,960	698,785	640,060
Total Interest Expense	-	3,805,187	1,310,259	697,960	698,785	640,060
Net Interest Income	-2,301,051	-2,770,048	-612,592	-159,402	-235,404	-151,906
Gain (Loss) on Sale of Assets	-1,426	-	7,140	2,981	5,888	1,476
Gain (Loss) on Sale of Investments	-64,935	-	173,966	280,689	362,007	255,742
Gain (Loss) on Sale of Equity Investments	-93,923	-	326,875	273,785	202,427	207,338
Other Non-Interest Income	11,955,121	12,531,469	11,413,239	10,028,163	8,928,507	8,945,495
Total Non-Interest Income	11,794,837	12,531,469	11,921,220	10,585,618	9,498,829	9,410,051
Non-Interest Income Growth (YoY)	-1.99%	5.12%	12.62%	11.44%	0.94%	16.34%
Revenues Before Loan Losses	9,493,786	9,761,421	11,308,628	10,426,216	9,263,425	9,258,145
Provision for Loan Losses	-11,915	-	73,327	60,095	57,285	55,014
Revenue	9,505,701	9,761,421	11,235,301	10,366,121	9,206,140	9,203,131
Revenue Growth (YoY)	-12.66%	-13.12%	8.38%	12.60%	0.03%	13.12%
Salaries and Employee Benefits	-87,884	-	345,101	311,447	289,926	302,146
Occupancy Expenses	773,179	803,582	129,782	141,005	143,549	116,756
Amortization of Goodwill & Intangibles	-62,991	-	304,383	259,747	228,289	267,782
Selling, General & Administrative	1,788,420	1,316,911	87,391	71,823	65,689	-
Other Non-Interest Expense	5,504,606	5,284,952	6,330,610	6,108,814	5,196,776	5,667,365
Total Non-Interest Expense	7,472,871	6,962,986	7,197,267	6,892,836	5,924,229	6,354,049
EBT Excluding Unusual Items	2,032,830	2,798,435	4,038,034	3,473,285	3,281,911	2,849,082
Asset Writedown	4,118	-	17,185	-125,691	-22,059	2,302
Pretax Income	2,036,948	2,798,435	4,055,219	3,347,594	3,259,852	2,851,384
Income Tax Expense	771,871	1,268,268	1,753,733	1,476,571	962,301	802,936
Earnings From Continuing Operations	1,265,077	1,530,167	2,301,486	1,871,023	2,297,551	2,048,448
Earnings From Discontinued Operations	-188,661	-	-88	-22,000	-5,155	-44,285
Minority Interest in Earnings	-708,134	-646,849	-573,256	-570,997	-655,428	-472,875
Net Income	368,282	883,318	1,728,142	1,278,026	1,636,968	1,531,288
Net Income to Common	368,282	883,318	1,728,142	1,278,026	1,636,968	1,531,288
Net Income Growth	-66.34%	-48.89%	35.22%	-21.93%	6.90%	-5.49%
Basic Shares Outstanding	366	-	366	341	306	284
Diluted Shares Outstanding	366	-	366	341	306	284
Shares Change (YoY)	-	-	7.07%	11.50%	7.79%	13.61%
EPS (Basic)	1007.25	-	4726.47	3742.39	5344.65	5388.93
EPS (Diluted)	1007.25	-	4726.47	3742.39	5344.65	5388.93
EPS Growth	-66.34%	-	26.30%	-29.98%	-0.82%	-16.81%
Dividend Per Share	-	-	1368.000	2260.000	2042.000	2640.000
Dividend Growth	-	-	-39.47%	10.68%	-22.65%	59.24%
Effective Tax Rate	37.89%	45.32%	43.25%	44.11%	29.52%	28.16%

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