Grupo Bolívar S.A. (BVC: GRUBOLIVAR)

Grupo Bolívar 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	18,169,334	19,693,649	15,084,591	10,140,275	10,521,241	9,803,055
Interest Income on Investments	4,686,084	4,273,115	1,511,133	1,030,404	1,496,723	1,538,907
Total Interest Income	22,855,418	23,966,764	16,595,724	11,170,679	12,017,964	11,341,962
Interest Paid on Deposits	8,924,575	9,401,577	4,538,111	1,660,505	2,331,936	2,482,717
Interest Paid on Borrowings	3,608,665	4,183,980	2,803,028	1,611,642	1,647,213	1,632,061
Total Interest Expense	12,533,240	13,585,557	7,341,139	3,272,147	3,979,149	4,114,778
Net Interest Income	10,322,178	10,381,207	9,254,585	7,898,532	8,038,815	7,227,184
Net Interest Income Growth (YoY)	-1.48%	12.17%	17.17%	-1.75%	11.23%	16.49%
Gain (Loss) on Sale of Assets	8,552	9,364	29,014	4,530	25,204	7,903
Gain (Loss) on Sale of Investments	3,107	-	-	-	-	-
Gain (Loss) on Sale of Equity Investments	-138,708	-138,708	-37,391	70,507	32,809	50,260
Other Non-Interest Income	2,359,966	1,971,219	1,982,088	2,113,566	1,581,836	1,917,798
Total Non-Interest Income	2,232,917	1,841,875	1,973,711	2,188,603	1,639,849	1,975,961
Non-Interest Income Growth (YoY)	30.74%	-6.68%	-9.82%	33.46%	-17.01%	-4.09%
Revenues Before Loan Losses	12,555,095	12,223,082	11,228,296	10,087,135	9,678,664	9,203,145
Provision for Loan Losses	6,084,876	5,925,752	3,448,157	3,376,553	4,176,063	2,439,240
Revenue	6,470,219	6,297,330	7,780,139	6,710,582	5,502,601	6,763,905
Revenue Growth (YoY)	-2.82%	-19.06%	15.94%	21.95%	-18.65%	10.81%
Salaries and Employee Benefits	2,996,077	2,827,238	2,476,033	2,136,983	1,962,814	1,873,760
Occupancy Expenses	461,833	408,465	372,993	340,054	342,279	308,987
Selling, General & Administrative	3,197,152	3,177,445	2,916,151	2,558,345	2,375,307	2,369,481
Other Non-Interest Expense	629,235	1,120,490	12,781	44,752	484,304	-25,017
Total Non-Interest Expense	6,376,403	6,583,001	5,236,424	4,622,862	4,793,452	4,340,034
EBT Excluding Unusual Items	93,816	-285,671	2,543,715	2,087,720	709,149	2,423,871
Pretax Income	93,816	-285,671	2,543,715	2,087,720	709,149	2,423,871
Income Tax Expense	-285,371	-485,840	723,993	559,729	65,955	493,634
Earnings From Continuing Operations	379,187	200,169	1,819,722	1,527,991	643,194	1,930,237
Minority Interest in Earnings	127,277	91,708	-758,217	-602,557	-242,099	-703,252
Net Income	506,464	291,877	1,061,505	925,434	401,095	1,226,985
Net Income to Common	506,464	291,877	1,061,505	925,434	401,095	1,226,985
Net Income Growth	209.18%	-72.50%	14.70%	130.73%	-67.31%	16.03%
Basic Shares Outstanding	80	79	79	79	79	79
Diluted Shares Outstanding	80	79	79	79	79	79
Shares Change (YoY)	1.51%	0.02%	0.03%	0.04%	0.04%	0.03%
EPS (Basic)	6310.00	3690.00	13422.00	11705.00	5075.00	15531.00
EPS (Diluted)	6310.00	3690.00	13422.00	11705.00	5075.00	15531.00
EPS Growth	204.59%	-72.51%	14.67%	130.64%	-67.32%	16.00%
Dividend Per Share	2484.000	2484.000	2136.000	1620.000	1404.000	1380.000
Dividend Growth	16.29%	16.29%	31.85%	15.38%	1.74%	12.75%
Effective Tax Rate	-	-	28.46%	26.81%	9.30%	20.37%

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