Grupo Aval Acciones y Valores S.A. (BVC:GRUPOAVAL)

BVC:GRUPOAVAL 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	24,810,282	25,465,582	26,534,115	17,559,516	11,882,144	12,458,065
Interest Income on Investments	2,726,550	2,716,350	2,385,289	1,843,516	909,265	758,033
Total Interest Income	27,536,832	28,181,932	28,919,404	19,403,032	12,791,409	13,216,098
Interest Paid on Deposits	14,491,329	15,194,029	16,214,226	7,756,432	2,637,945	3,577,750
Interest Paid on Borrowings	5,527,804	5,720,304	6,418,204	3,907,963	2,022,885	2,223,895
Total Interest Expense	20,019,133	20,914,333	22,632,430	11,664,395	4,660,830	5,801,645
Net Interest Income	7,517,699	7,267,599	6,286,974	7,738,637	8,130,579	7,414,453
Net Interest Income Growth (YoY)	17.13%	15.60%	-18.76%	-4.82%	9.66%	-34.30%
Income From Trading Activities	1,394,404	1,404,404	-916,049	1,559,626	922,281	1,288,142
Gain (Loss) on Sale of Assets	76,966	79,966	364,323	125,449	19,387	102,286
Gain (Loss) on Sale of Investments	98,806	146,006	121,644	-151,422	82,980	457,017
Gain (Loss) on Sale of Equity Investments	379,496	378,396	371,397	372,777	300,217	219,918
Other Non-Interest Income	6,737,526	6,642,426	9,681,100	6,437,862	6,383,784	5,976,568
Total Non-Interest Income	8,697,398	8,651,198	9,622,415	8,344,292	7,708,649	8,043,931
Non-Interest Income Growth (YoY)	-5.37%	-10.09%	15.32%	8.25%	-4.17%	-20.55%
Revenues Before Loan Losses	16,215,097	15,918,797	15,909,389	16,082,929	15,839,228	15,458,384
Provision for Loan Losses	3,835,374	4,180,874	4,195,265	2,476,425	2,720,423	4,264,031
Revenue	12,379,723	11,737,923	11,714,124	13,606,504	13,118,805	11,194,353
Revenue Growth (YoY)	14.20%	0.20%	-13.91%	3.72%	17.19%	-36.38%
Salaries and Employee Benefits	3,273,491	3,211,591	3,055,168	2,833,794	2,634,187	2,481,563
Occupancy Expenses	1,012,168	995,668	968,487	913,090	841,996	803,539
Amortization of Goodwill & Intangibles	253,737	253,737	240,804	225,137	206,688	181,448
Selling, General & Administrative	1,505,952	1,433,252	1,342,866	1,252,006	1,136,988	1,176,541
Other Non-Interest Expense	2,520,551	2,511,751	2,493,840	1,869,608	1,738,577	1,461,227
Total Non-Interest Expense	8,786,918	8,627,018	8,301,460	7,382,596	6,775,161	6,302,156
EBT Excluding Unusual Items	3,592,805	3,110,905	3,412,664	6,223,908	6,343,644	4,892,197
Asset Writedown	26,699	26,999	74,886	50,463	20,974	-50,326
Pretax Income	3,619,504	3,137,904	3,487,550	6,274,371	6,364,618	4,841,871
Income Tax Expense	1,099,827	946,427	1,310,434	2,271,404	2,323,428	1,360,067
Earnings From Continuing Operations	2,519,677	2,191,477	2,177,116	4,002,967	4,041,190	3,481,804
Earnings From Discontinued Operations	-	-	-	593,990	1,118,556	790,340
Minority Interest in Earnings	-1,256,790	-1,176,390	-1,438,113	-2,114,072	-1,862,010	-1,922,623
Net Income	1,262,887	1,015,087	739,003	2,482,885	3,297,736	2,349,521
Net Income to Common	1,262,887	1,015,087	739,003	2,482,885	3,297,736	2,349,521
Net Income Growth	195.30%	37.36%	-70.24%	-24.71%	40.36%	-22.57%
Basic Shares Outstanding	23,743	23,743	23,743	23,142	22,281	22,281
Diluted Shares Outstanding	23,743	23,743	23,743	23,142	22,281	22,281
Shares Change (YoY)	-	-	2.60%	3.87%	-	-
EPS (Basic)	53.19	42.75	31.12	107.29	148.01	105.45
EPS (Diluted)	53.19	42.75	31.12	107.29	148.01	105.45
EPS Growth	195.30%	37.36%	-70.99%	-27.51%	40.36%	-22.57%
Dividend Per Share	-	-	24.000	43.200	54.000	54.000
Dividend Growth	-	-	-44.44%	-20.00%	-	-10.00%
Effective Tax Rate	30.39%	30.16%	37.57%	36.20%	36.50%	28.09%

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