Grupo Bolívar S.A. (BVC:GRUBOLIVAR)

Grupo Bolívar Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	17,687,088	19,693,649	15,084,591	10,140,275	10,521,241
Interest Income on Investments	4,499,973	4,273,115	1,511,133	1,030,404	1,496,723
Total Interest Income	22,187,061	23,966,764	16,595,724	11,170,679	12,017,964
Interest Paid on Deposits	8,580,810	9,401,577	4,538,111	1,660,505	2,331,936
Interest Paid on Borrowings	3,267,716	4,183,980	2,803,028	1,611,642	1,647,213
Total Interest Expense	11,848,526	13,585,557	7,341,139	3,272,147	3,979,149
Net Interest Income	10,338,535	10,381,207	9,254,585	7,898,532	8,038,815
Net Interest Income Growth (YoY)	-0.41%	12.17%	17.17%	-1.75%	11.23%
Gain (Loss) on Sale of Assets	9,415	9,364	29,014	4,530	25,204
Gain (Loss) on Sale of Equity Investments	-	-	-37,391	70,507	32,809
Other Non-Interest Income	2,441,583	1,971,219	1,982,088	2,113,566	1,581,836
Total Non-Interest Income	2,450,998	1,980,583	1,973,711	2,188,603	1,639,849
Non-Interest Income Growth (YoY)	23.75%	0.35%	-9.82%	33.46%	-17.01%
Revenues Before Loan Losses	12,789,533	12,361,790	11,228,296	10,087,135	9,678,664
Provision for Loan Losses	5,298,234	5,925,752	3,448,157	3,376,553	4,176,063
Revenue	7,491,299	6,436,038	7,780,139	6,710,582	5,502,601
Revenue Growth (YoY)	16.40%	-17.28%	15.94%	21.95%	-18.65%
Salaries and Employee Benefits	3,052,532	2,827,238	2,476,033	2,136,983	1,962,814
Occupancy Expenses	476,753	408,465	372,993	340,054	342,279
Selling, General & Administrative	3,321,221	3,177,445	2,916,151	2,558,345	2,375,307
Other Non-Interest Expense	421,247	1,120,490	12,781	44,752	484,304
Total Non-Interest Expense	6,552,210	6,721,709	5,236,424	4,622,862	4,793,452
EBT Excluding Unusual Items	939,089	-285,671	2,543,715	2,087,720	709,149
Pretax Income	939,089	-285,671	2,543,715	2,087,720	709,149
Income Tax Expense	129,757	-485,840	723,993	559,729	65,955
Earnings From Continuing Operations	809,332	200,169	1,819,722	1,527,991	643,194
Minority Interest in Earnings	-36,197	91,708	-758,217	-602,557	-242,099
Net Income	773,135	291,877	1,061,505	925,434	401,095
Net Income to Common	773,135	291,877	1,061,505	925,434	401,095
Net Income Growth	164.88%	-72.50%	14.70%	130.73%	-67.31%
Basic Shares Outstanding	81	79	79	79	79
Diluted Shares Outstanding	81	79	79	79	79
Shares Change (YoY)	1.91%	0.02%	0.03%	0.04%	0.04%
EPS (Basic)	9591.00	3690.00	13422.00	11705.00	5075.00
EPS (Diluted)	9591.00	3690.00	13422.00	11705.00	5075.00
EPS Growth	159.92%	-72.51%	14.67%	130.64%	-67.32%
Dividend Per Share	-	2484.000	2136.000	1620.000	1404.000
Dividend Growth	-	16.29%	31.85%	15.38%	1.74%
Effective Tax Rate	13.82%	-	28.46%	26.81%	9.30%

Updated Nov 26, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.