Banco Popular Income Statement

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

Millions COP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Interest Income on Loans	3,585,843	3,613,658	3,110,583	2,566,120	2,051,100	2,127,020	Upgrade
Interest Income on Investments	564,677	564,677	379,567	349,034	165,295	113,829	Upgrade
Total Interest Income	4,150,520	4,178,335	3,490,150	2,915,154	2,216,395	2,240,849	Upgrade
Interest Paid on Deposits	2,789,961	3,057,649	2,668,438	1,463,608	479,665	661,768	Upgrade
Interest Paid on Borrowings	2,304,050	2,304,050	593,092	288,207	137,958	160,816	Upgrade
Total Interest Expense	5,094,011	5,361,699	3,261,530	1,751,815	617,623	822,584	Upgrade
Net Interest Income	-943,491	-1,183,364	228,620	1,163,339	1,598,772	1,418,265	Upgrade
Net Interest Income Growth (YoY)	-	-	-80.35%	-27.23%	12.73%	-1.13%	Upgrade
Income From Trading Activities	-	-	-	-	8,057	29,795	Upgrade
Gain (Loss) on Sale of Assets	26,141	26,141	70,053	7,942	2,700	300	Upgrade
Gain (Loss) on Sale of Investments	86,092	100,184	9,752	2,794	26,380	48,738	Upgrade
Gain (Loss) on Sale of Equity Investments	324,949	318,985	61,269	92,184	67,235	83,735	Upgrade
Other Non-Interest Income	3,726,819	3,850,062	816,504	296,073	237,601	207,465	Upgrade
Total Non-Interest Income	4,164,001	4,295,372	957,578	398,993	341,973	370,033	Upgrade
Non-Interest Income Growth (YoY)	85.37%	348.57%	140.00%	16.67%	-7.58%	-1.62%	Upgrade
Revenues Before Loan Losses	3,220,510	3,112,008	1,186,198	1,562,332	1,940,745	1,788,298	Upgrade
Provision for Loan Losses	290,003	313,342	236,211	181,893	161,280	214,687	Upgrade
Revenue	2,930,507	2,798,666	949,987	1,380,439	1,779,465	1,573,611	Upgrade
Revenue Growth (YoY)	72.65%	194.60%	-31.18%	-22.42%	13.08%	-3.28%	Upgrade
Salaries and Employee Benefits	659,910	668,689	492,945	462,117	450,430	391,097	Upgrade
Occupancy Expenses	99,656	98,366	85,891	84,768	100,066	89,459	Upgrade
Amortization of Goodwill & Intangibles	54,727	53,952	41,426	45,144	-	-	Upgrade
Selling, General & Administrative	289,560	288,931	240,740	236,837	745,582	667,265	Upgrade
Other Non-Interest Expense	591,543	587,869	519,393	465,739	9,993	7,629	Upgrade
Total Non-Interest Expense	1,752,994	1,754,029	1,420,107	1,342,465	1,306,071	1,155,450	Upgrade
EBT Excluding Unusual Items	1,177,513	1,044,637	-470,120	37,974	473,394	418,161	Upgrade
Asset Writedown	3,694	2,985	97,613	12,634	-3,103	2,294	Upgrade
Other Unusual Items	-3,075	-3,075	-8,596	-2,299	-	-	Upgrade
Pretax Income	1,178,132	1,044,547	-381,103	48,309	470,291	420,455	Upgrade
Income Tax Expense	535,115	510,207	-196,487	-31,683	155,714	123,428	Upgrade
Earnings From Continuing Operations	643,017	534,340	-184,616	79,992	314,577	297,027	Upgrade
Minority Interest in Earnings	-880,728	-850,462	-213,236	218	-1,288	-780	Upgrade
Net Income	-237,711	-316,122	-397,852	80,210	313,289	296,247	Upgrade
Net Income to Common	-237,711	-316,122	-397,852	80,210	313,289	296,247	Upgrade
Net Income Growth	-	-	-	-74.40%	5.75%	-27.67%	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)	-30.77	-40.92	-51.50	10.38	40.55	38.35	Upgrade
EPS (Diluted)	-30.77	-40.92	-51.50	10.38	40.55	38.35	Upgrade
EPS Growth	-	-	-	-74.40%	5.75%	-27.67%	Upgrade
Dividend Per Share	-	-	-	18.960	-	19.200	Upgrade
Dividend Growth	-	-	-	-	-	14.29%	Upgrade
Effective Tax Rate	45.42%	48.84%	-	-	33.11%	29.36%	Upgrade

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