Banco Popular Income Statement

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

Millions COP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Interest Income on Loans	3,673,186	3,110,583	2,566,120	2,051,100	2,127,020	2,170,972	Upgrade
Interest Income on Investments	379,567	379,567	349,034	165,295	113,829	143,607	Upgrade
Total Interest Income	4,052,753	3,490,150	2,915,154	2,216,395	2,240,849	2,314,579	Upgrade
Interest Paid on Deposits	4,591,671	2,668,438	1,463,608	479,665	661,768	708,471	Upgrade
Interest Paid on Borrowings	593,092	593,092	288,207	137,958	160,816	171,584	Upgrade
Total Interest Expense	5,184,763	3,261,530	1,751,815	617,623	822,584	880,055	Upgrade
Net Interest Income	-1,132,010	228,620	1,163,339	1,598,772	1,418,265	1,434,524	Upgrade
Net Interest Income Growth (YoY)	-	-80.35%	-27.24%	12.73%	-1.13%	5.67%	Upgrade
Income From Trading Activities	-	-	-	8,057	29,795	5,591	Upgrade
Gain (Loss) on Sale of Assets	80,313	70,053	7,942	2,700	300	10,982	Upgrade
Gain (Loss) on Sale of Investments	95,338	9,752	2,794	26,380	48,738	49,369	Upgrade
Gain (Loss) on Sale of Equity Investments	265,883	61,269	92,184	67,235	83,735	78,603	Upgrade
Other Non-Interest Income	3,624,744	816,504	296,073	237,601	207,465	231,579	Upgrade
Total Non-Interest Income	4,066,278	957,578	398,993	341,973	370,033	376,124	Upgrade
Non-Interest Income Growth (YoY)	949.21%	140.00%	16.67%	-7.58%	-1.62%	4.28%	Upgrade
Revenues Before Loan Losses	2,934,268	1,186,198	1,562,332	1,940,745	1,788,298	1,810,648	Upgrade
Provision for Loan Losses	318,309	236,211	181,893	161,280	214,687	183,696	Upgrade
Revenue	2,615,959	949,987	1,380,439	1,779,465	1,573,611	1,626,952	Upgrade
Revenue Growth (YoY)	276.17%	-31.18%	-22.42%	13.08%	-3.28%	6.52%	Upgrade
Salaries and Employee Benefits	625,145	492,945	462,117	450,430	391,097	402,104	Upgrade
Occupancy Expenses	104,104	85,891	84,768	100,066	89,459	82,029	Upgrade
Amortization of Goodwill & Intangibles	50,269	41,426	45,144	-	-	-	Upgrade
Selling, General & Administrative	279,490	245,488	236,837	745,582	667,265	640,153	Upgrade
Other Non-Interest Expense	542,277	514,645	465,739	9,993	7,629	10,746	Upgrade
Total Non-Interest Expense	1,652,497	1,420,107	1,342,465	1,306,071	1,155,450	1,135,032	Upgrade
EBT Excluding Unusual Items	963,462	-470,120	37,974	473,394	418,161	491,920	Upgrade
Asset Writedown	108,800	97,613	12,634	-3,103	2,294	32,017	Upgrade
Other Unusual Items	-8,596	-8,596	-2,299	-	-	-	Upgrade
Pretax Income	1,063,666	-381,103	48,309	470,291	420,455	523,937	Upgrade
Income Tax Expense	495,268	-196,487	-31,683	155,714	123,428	113,474	Upgrade
Earnings From Continuing Operations	568,398	-184,616	79,992	314,577	297,027	410,463	Upgrade
Minority Interest in Earnings	-884,045	-213,236	218	-1,288	-780	-865	Upgrade
Net Income	-315,647	-397,852	80,210	313,289	296,247	409,598	Upgrade
Net Income to Common	-315,647	-397,852	80,210	313,289	296,247	409,598	Upgrade
Net Income Growth	-	-	-74.40%	5.75%	-27.67%	26.99%	Upgrade
Basic Shares Outstanding	7,725	7,725	7,725	7,725	7,725	7,725	Upgrade
Diluted Shares Outstanding	7,725	7,725	7,725	7,725	7,725	7,725	Upgrade
EPS (Basic)	-40.86	-51.50	10.38	40.55	38.35	53.02	Upgrade
EPS (Diluted)	-40.86	-51.50	10.38	40.55	38.35	53.02	Upgrade
EPS Growth	-	-	-74.40%	5.75%	-27.67%	26.99%	Upgrade
Dividend Per Share	-	-	18.960	-	19.200	16.800	Upgrade
Dividend Growth	-	-	-	-	14.29%	89.39%	Upgrade
Effective Tax Rate	46.56%	-	-	33.11%	29.36%	21.66%	Upgrade

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