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

BVC:CORFICOLCF Income Statement

Financials in millions COP. 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	615,539	604,298	614,005	399,888	291,478	296,010
Interest Income on Investments	410,389	411,776	408,713	297,779	247,080	167,371
Total Interest Income	1,025,928	1,016,074	1,022,718	697,667	538,558	463,381
Interest Paid on Deposits	2,199,115	2,281,767	2,367,038	1,310,259	697,960	698,785
Total Interest Expense	2,199,115	2,281,767	2,367,038	1,310,259	697,960	698,785
Net Interest Income	-1,173,187	-1,265,693	-1,344,320	-612,592	-159,402	-235,404
Gain (Loss) on Sale of Assets	3,671	2,928	6,129	7,140	2,981	5,888
Gain (Loss) on Sale of Investments	417,965	440,502	369,392	173,966	280,689	362,007
Gain (Loss) on Sale of Equity Investments	323,362	318,102	325,987	326,875	273,785	202,427
Other Non-Interest Income	10,451,882	10,335,390	11,097,029	11,413,239	10,028,163	8,928,507
Total Non-Interest Income	11,196,880	11,096,922	11,798,537	11,921,220	10,585,618	9,498,829
Non-Interest Income Growth (YoY)	-1.17%	-5.95%	-1.03%	12.62%	11.44%	0.94%
Revenues Before Loan Losses	10,023,693	9,831,229	10,454,217	11,308,628	10,426,216	9,263,425
Provision for Loan Losses	116,307	126,348	84,192	73,327	60,095	57,285
Revenue	9,907,386	9,704,881	10,370,025	11,235,301	10,366,121	9,206,140
Revenue Growth (YoY)	0.25%	-6.41%	-7.70%	8.38%	12.60%	0.03%
Salaries and Employee Benefits	465,421	467,184	398,165	345,101	311,447	289,926
Occupancy Expenses	124,602	124,105	122,817	129,782	141,005	143,549
Amortization of Goodwill & Intangibles	450,643	434,146	353,204	304,383	259,747	228,289
Selling, General & Administrative	88,163	86,069	78,712	87,391	71,823	65,689
Other Non-Interest Expense	7,232,488	7,041,166	6,714,261	6,330,610	6,108,814	5,196,776
Total Non-Interest Expense	8,361,317	8,152,670	7,667,159	7,197,267	6,892,836	5,924,229
EBT Excluding Unusual Items	1,546,069	1,552,211	2,702,866	4,038,034	3,473,285	3,281,911
Asset Writedown	-10,932	-18,305	95,569	17,185	-125,691	-22,059
Pretax Income	1,535,137	1,533,906	2,798,435	4,055,219	3,347,594	3,259,852
Income Tax Expense	636,023	668,076	1,268,268	1,753,733	1,476,571	962,301
Earnings From Continuing Operations	899,114	865,830	1,530,167	2,301,486	1,871,023	2,297,551
Earnings From Discontinued Operations	-	-	-	-88	-22,000	-5,155
Minority Interest in Earnings	-658,438	-667,524	-646,849	-573,256	-570,997	-655,428
Net Income	240,676	198,306	883,318	1,728,142	1,278,026	1,636,968
Net Income to Common	240,676	198,306	883,318	1,728,142	1,278,026	1,636,968
Net Income Growth	-50.96%	-77.55%	-48.89%	35.22%	-21.93%	6.90%
Basic Shares Outstanding	366	366	366	366	341	306
Diluted Shares Outstanding	366	366	366	366	341	306
Shares Change (YoY)	-	-	-	7.07%	11.50%	7.79%
EPS (Basic)	658.25	542.37	2415.87	4726.47	3742.39	5344.65
EPS (Diluted)	658.25	542.37	2415.87	4726.47	3742.39	5344.65
EPS Growth	-50.96%	-77.55%	-48.89%	26.30%	-29.98%	-0.82%
Dividend Per Share	-	-	-	1368.000	2260.000	2042.000
Dividend Growth	-	-	-	-39.47%	10.68%	-22.65%
Effective Tax Rate	41.43%	43.55%	45.32%	43.25%	44.11%	29.52%

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