BVC:GRUPOAVAL Income Statement

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

Millions COP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	22,463,395	23,740,386	26,534,115	17,559,516	11,882,144
Interest Income on Investments	3,215,124	3,231,516	2,385,289	1,843,516	909,265
Total Interest Income	25,678,519	26,971,902	28,919,404	19,403,032	12,791,409
Interest Paid on Deposits	13,089,554	14,613,237	16,214,226	7,756,432	2,637,945
Interest Paid on Borrowings	4,958,313	5,431,254	6,418,204	3,907,963	2,022,885
Total Interest Expense	18,047,867	20,044,491	22,632,430	11,664,395	4,660,830
Net Interest Income	7,630,652	6,927,411	6,286,974	7,738,637	8,130,579
Net Interest Income Growth (YoY)	10.15%	10.19%	-18.76%	-4.82%	9.66%
Income From Trading Activities	1,402,013	1,401,734	-916,049	1,559,626	922,281
Gain (Loss) on Sale of Assets	6,018	70,856	364,323	125,449	19,387
Gain (Loss) on Sale of Investments	-25,359	144,624	121,644	-151,422	82,980
Gain (Loss) on Sale of Equity Investments	350,935	378,396	371,397	372,777	300,217
Other Non-Interest Income	7,558,557	6,293,533	9,681,100	6,437,862	6,383,784
Total Non-Interest Income	9,292,164	8,289,143	9,622,415	8,344,292	7,708,649
Non-Interest Income Growth (YoY)	12.10%	-13.86%	15.32%	8.25%	-4.17%
Revenues Before Loan Losses	16,922,816	15,216,554	15,909,389	16,082,929	15,839,228
Provision for Loan Losses	3,531,972	4,041,335	4,195,265	2,476,425	2,720,423
Revenue	13,390,844	11,175,219	11,714,124	13,606,504	13,118,805
Revenue Growth (YoY)	19.83%	-4.60%	-13.91%	3.72%	17.19%
Salaries and Employee Benefits	3,231,916	3,022,161	3,055,168	2,833,794	2,634,187
Occupancy Expenses	1,028,638	938,535	968,487	913,090	841,996
Amortization of Goodwill & Intangibles	324,023	241,735	240,804	225,137	206,688
Selling, General & Administrative	1,532,127	1,396,397	1,342,866	1,252,006	1,136,988
Other Non-Interest Expense	2,491,564	2,292,042	2,493,840	1,869,608	1,738,577
Total Non-Interest Expense	8,841,311	8,095,291	8,301,460	7,382,596	6,775,161
EBT Excluding Unusual Items	4,549,533	3,079,928	3,412,664	6,223,908	6,343,644
Asset Writedown	71,701	27,863	74,886	50,463	20,974
Pretax Income	4,621,234	3,107,791	3,487,550	6,274,371	6,364,618
Income Tax Expense	1,432,708	941,978	1,310,434	2,271,404	2,323,428
Earnings From Continuing Operations	3,188,526	2,165,813	2,177,116	4,002,967	4,041,190
Earnings From Discontinued Operations	18,366	17,689	-	593,990	1,118,556
Minority Interest in Earnings	-1,485,020	-1,168,415	-1,438,113	-2,114,072	-1,862,010
Net Income	1,721,872	1,015,087	739,003	2,482,885	3,297,736
Net Income to Common	1,721,872	1,015,087	739,003	2,482,885	3,297,736
Net Income Growth	69.63%	37.36%	-70.24%	-24.71%	40.36%
Basic Shares Outstanding	23,743	23,743	23,743	23,142	22,281
Diluted Shares Outstanding	23,743	23,743	23,743	23,142	22,281
Shares Change (YoY)	-	-	2.60%	3.87%	-
EPS (Basic)	72.52	42.75	31.12	107.29	148.01
EPS (Diluted)	72.52	42.75	31.12	107.29	148.01
EPS Growth	69.63%	37.36%	-70.99%	-27.51%	40.36%
Dividend Per Share	-	27.600	24.000	43.200	54.000
Dividend Growth	-	15.00%	-44.44%	-20.00%	-
Effective Tax Rate	31.00%	30.31%	37.57%	36.20%	36.50%

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