Banco Popular S.A. (BVC:POPULAR)

Banco Popular Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	3,613,658	3,110,583	2,566,120	2,051,100	2,127,020
Interest Income on Investments	564,677	379,567	349,034	165,295	113,829
Total Interest Income	4,178,335	3,490,150	2,915,154	2,216,395	2,240,849
Interest Paid on Deposits	3,057,649	2,668,438	1,463,608	479,665	661,768
Interest Paid on Borrowings	2,304,050	593,092	288,207	137,958	160,816
Total Interest Expense	5,361,699	3,261,530	1,751,815	617,623	822,584
Net Interest Income	-1,183,364	228,620	1,163,339	1,598,772	1,418,265
Net Interest Income Growth (YoY)	-	-80.35%	-27.23%	12.73%	-1.13%
Income From Trading Activities	-	-	-	8,057	29,795
Gain (Loss) on Sale of Assets	26,141	70,053	7,942	2,700	300
Gain (Loss) on Sale of Investments	100,184	9,752	2,794	26,380	48,738
Gain (Loss) on Sale of Equity Investments	318,985	61,269	92,184	67,235	83,735
Other Non-Interest Income	3,850,062	816,504	296,073	237,601	207,465
Total Non-Interest Income	4,295,372	957,578	398,993	341,973	370,033
Non-Interest Income Growth (YoY)	348.57%	140.00%	16.67%	-7.58%	-1.62%
Revenues Before Loan Losses	3,112,008	1,186,198	1,562,332	1,940,745	1,788,298
Provision for Loan Losses	313,342	236,211	181,893	161,280	214,687
Revenue	2,798,666	949,987	1,380,439	1,779,465	1,573,611
Revenue Growth (YoY)	194.60%	-31.18%	-22.42%	13.08%	-3.28%
Salaries and Employee Benefits	668,689	492,945	462,117	450,430	391,097
Occupancy Expenses	98,366	85,891	84,768	100,066	89,459
Amortization of Goodwill & Intangibles	53,952	41,426	45,144	-	-
Selling, General & Administrative	288,931	240,740	236,837	745,582	667,265
Other Non-Interest Expense	587,869	519,393	465,739	9,993	7,629
Total Non-Interest Expense	1,754,029	1,420,107	1,342,465	1,306,071	1,155,450
EBT Excluding Unusual Items	1,044,637	-470,120	37,974	473,394	418,161
Asset Writedown	2,985	97,613	12,634	-3,103	2,294
Other Unusual Items	-3,075	-8,596	-2,299	-	-
Pretax Income	1,044,547	-381,103	48,309	470,291	420,455
Income Tax Expense	510,207	-196,487	-31,683	155,714	123,428
Earnings From Continuing Operations	534,340	-184,616	79,992	314,577	297,027
Minority Interest in Earnings	-850,462	-213,236	218	-1,288	-780
Net Income	-316,122	-397,852	80,210	313,289	296,247
Net Income to Common	-316,122	-397,852	80,210	313,289	296,247
Net Income Growth	-	-	-74.40%	5.75%	-27.67%
Basic Shares Outstanding	7,725	7,725	7,725	7,725	7,725
Diluted Shares Outstanding	7,725	7,725	7,725	7,725	7,725
EPS (Basic)	-40.92	-51.50	10.38	40.55	38.35
EPS (Diluted)	-40.92	-51.50	10.38	40.55	38.35
EPS Growth	-	-	-74.40%	5.75%	-27.67%
Dividend Per Share	-	-	18.960	-	19.200
Dividend Growth	-	-	-	-	14.29%
Effective Tax Rate	48.84%	-	-	33.11%	29.36%

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