Banco de Occidente S.A. (BVC:OCCIDENTE)

Banco de Occidente 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	6,806,211	7,015,872	7,215,219	4,371,074	2,564,823	2,820,605
Interest Income on Investments	564,617	564,617	523,241	325,807	180,273	155,733
Total Interest Income	7,370,828	7,580,489	7,738,460	4,696,881	2,745,096	2,976,338
Interest Paid on Deposits	3,804,705	4,026,935	4,346,644	1,912,314	494,151	725,483
Interest Paid on Borrowings	1,219,006	1,219,006	1,148,709	579,101	275,469	356,720
Total Interest Expense	5,023,711	5,245,941	5,495,353	2,491,415	769,620	1,082,203
Net Interest Income	2,347,117	2,334,548	2,243,107	2,205,466	1,975,476	1,894,135
Net Interest Income Growth (YoY)	0.18%	4.08%	1.71%	11.64%	4.29%	-0.01%
Income From Trading Activities	754,063	652,590	629,469	19,343	-67,782	396,934
Gain (Loss) on Sale of Assets	-987	2,950	25,198	15,968	16,971	50,653
Gain (Loss) on Sale of Investments	-5,015	-2,435	-12,445	-28,970	1,345	70,778
Gain (Loss) on Sale of Equity Investments	214,944	230,687	218,882	122,041	245,863	256,635
Other Non-Interest Income	832,705	880,993	568,052	791,770	836,239	392,386
Total Non-Interest Income	1,795,710	1,764,785	1,429,156	920,152	1,032,636	1,167,386
Non-Interest Income Growth (YoY)	25.96%	23.48%	55.32%	-10.89%	-11.54%	-4.80%
Revenues Before Loan Losses	4,142,827	4,099,333	3,672,263	3,125,618	3,008,112	3,061,521
Provision for Loan Losses	1,263,282	1,354,479	1,195,579	745,219	723,644	1,137,337
Revenue	2,879,545	2,744,854	2,476,684	2,380,399	2,284,468	1,924,184
Revenue Growth (YoY)	21.21%	10.83%	4.04%	4.20%	18.72%	-14.61%
Salaries and Employee Benefits	975,905	948,793	867,105	811,302	759,171	761,470
Occupancy Expenses	122,921	123,280	111,082	106,967	100,670	101,636
Amortization of Goodwill & Intangibles	88,337	85,548	74,763	55,988	45,312	33,508
Selling, General & Administrative	1,061,895	1,048,366	954,913	826,462	730,655	699,300
Other Non-Interest Expense	19,260	15,800	32,479	35,045	4,226	36,193
Total Non-Interest Expense	2,272,353	2,225,831	2,043,800	1,837,335	1,641,349	1,632,987
EBT Excluding Unusual Items	607,192	519,023	432,884	543,064	643,119	291,197
Asset Writedown	16,626	14,200	19,328	30,735	17,691	-16,098
Other Unusual Items	1,164	-	-	-	-	-
Pretax Income	624,982	533,223	452,212	573,799	660,810	275,099
Income Tax Expense	81,144	52,176	-27,345	117,456	74,903	-65,459
Earnings From Continuing Operations	543,838	481,047	479,557	456,343	585,907	340,558
Minority Interest in Earnings	-7,171	-7,516	-6,010	-3,834	-5,685	-5,668
Net Income	536,667	473,531	473,547	452,509	580,222	334,890
Net Income to Common	536,667	473,531	473,547	452,509	580,222	334,890
Net Income Growth	45.02%	-0.00%	4.65%	-22.01%	73.26%	-40.55%
Basic Shares Outstanding	156	156	156	156	156	156
Diluted Shares Outstanding	156	156	156	156	156	156
EPS (Basic)	3442.39	3037.41	3037.51	2902.56	3721.76	2148.11
EPS (Diluted)	3442.39	3037.41	3037.51	2902.56	3721.76	2148.11
EPS Growth	45.02%	-0.00%	4.65%	-22.01%	73.26%	-40.55%
Effective Tax Rate	12.98%	9.79%	-	20.47%	11.34%	-

Updated Nov 15, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.