Banco Davivienda S.A. (BVC: PFDAVVNDA)

Banco Davivienda 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	19,401,121	20,265,755	15,336,781	10,229,594	10,606,784	9,913,132
Interest Income on Investments	1,754,175	2,096,073	550,906	380,599	859,795	834,636
Total Interest Income	21,155,296	22,361,828	15,887,687	10,610,193	11,466,579	10,747,768
Interest Paid on Deposits	9,304,260	9,534,573	4,557,455	1,663,141	2,338,270	2,495,673
Interest Paid on Borrowings	3,171,122	3,504,898	2,452,716	1,442,477	1,542,344	1,535,783
Total Interest Expense	12,475,382	13,039,471	7,010,171	3,105,618	3,880,614	4,031,456
Net Interest Income	8,679,914	9,322,357	8,877,516	7,504,575	7,585,965	6,716,312
Net Interest Income Growth (YoY)	-10.25%	5.01%	18.29%	-1.07%	12.95%	12.49%
Gain (Loss) on Sale of Assets	-7,598	-10,747	-14,405	-22,801	-8,501	-4,879
Gain (Loss) on Sale of Equity Investments	-130,636	-139,063	-57,561	1,338	2,963	9,458
Other Non-Interest Income	2,132,436	2,089,028	1,839,079	1,628,503	1,250,214	1,306,739
Total Non-Interest Income	1,994,202	1,939,218	1,767,113	1,607,040	1,244,676	1,311,318
Non-Interest Income Growth (YoY)	8.58%	9.74%	9.96%	29.11%	-5.08%	4.31%
Revenues Before Loan Losses	10,674,116	11,261,575	10,644,629	9,111,615	8,830,641	8,027,630
Provision for Loan Losses	6,591,314	5,917,197	3,445,542	3,301,033	4,199,642	2,434,414
Revenue	4,082,802	5,344,378	7,199,087	5,810,582	4,630,999	5,593,216
Revenue Growth (YoY)	-40.46%	-25.76%	23.90%	25.47%	-17.20%	8.55%
Salaries and Employee Benefits	2,399,894	2,312,497	2,046,446	1,793,954	1,608,231	1,544,063
Occupancy Expenses	411,561	377,322	345,286	308,468	312,386	282,551
Selling, General & Administrative	2,695,830	2,719,400	2,466,445	2,134,651	1,965,657	1,663,773
Other Non-Interest Expense	228,458	928,962	21,342	-199,519	268,563	175,649
Total Non-Interest Expense	5,735,743	6,338,181	4,879,519	4,037,554	4,154,837	3,666,036
EBT Excluding Unusual Items	-1,652,941	-993,803	2,319,568	1,773,028	476,162	1,927,180
Pretax Income	-1,652,941	-993,803	2,319,568	1,773,028	476,162	1,927,180
Income Tax Expense	-656,752	-621,471	703,623	511,864	68,130	443,325
Earnings From Continuing Operations	-996,189	-372,332	1,615,945	1,261,164	408,032	1,483,855
Minority Interest in Earnings	-24,176	-23,368	-22,803	-21,961	-13,184	-13,228
Net Income	-1,020,365	-395,700	1,593,142	1,239,203	394,848	1,470,627
Net Income to Common	-1,020,365	-395,700	1,593,142	1,239,203	394,848	1,470,627
Net Income Growth	-	-	28.56%	213.84%	-73.15%	5.79%
Basic Shares Outstanding	470	452	452	452	452	452
Diluted Shares Outstanding	470	452	452	452	452	452
Shares Change (YoY)	3.99%	-	-	-	-	-
EPS (Basic)	-2172.45	-876.08	3527.22	2743.60	874.19	3255.97
EPS (Diluted)	-2172.45	-876.08	3527.22	2743.60	874.19	3255.97
EPS Growth	-	-	28.56%	213.84%	-73.15%	5.79%
Dividend Per Share	-	-	1010.000	1072.000	-	926.000
Dividend Growth	-	-	-5.78%	-	-	10.24%
Effective Tax Rate	-	-	30.33%	28.87%	14.31%	23.00%

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