Banco Comercial AV Villas S.A. (BVC: VILLAS)

Banco Comercial AV Villas 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	1,885,912	1,979,292	1,536,215	1,218,225	1,294,156	1,407,181
Interest Income on Investments	181,352	181,352	135,298	92,403	63,395	61,090
Total Interest Income	2,067,264	2,160,644	1,671,513	1,310,628	1,357,551	1,468,271
Interest Paid on Deposits	968,511	1,144,311	619,200	196,019	323,717	361,836
Interest Paid on Borrowings	332,067	332,067	145,179	41,993	28,849	59,197
Total Interest Expense	1,300,578	1,476,378	764,379	238,012	352,566	421,033
Net Interest Income	766,686	684,266	907,134	1,072,616	1,004,985	1,047,238
Net Interest Income Growth (YoY)	10.27%	-24.57%	-15.43%	6.73%	-4.03%	2.90%
Income From Trading Activities	-15,962	-1,355	-3,317	-3,326	-1,165	-129
Gain (Loss) on Sale of Assets	770	55	35	-3	-64	-109
Gain (Loss) on Sale of Investments	60,114	45,444	9,553	6,618	42,766	33,697
Gain (Loss) on Sale of Equity Investments	-1,938	-1,938	1,450	1,649	-729	-178
Other Non-Interest Income	63,347	68,256	54,097	14,884	60,318	94,816
Total Non-Interest Income	218,084	222,215	172,025	116,219	185,802	216,766
Non-Interest Income Growth (YoY)	-11.06%	29.18%	48.02%	-37.45%	-14.28%	-4.15%
Revenues Before Loan Losses	984,770	906,481	1,079,159	1,188,835	1,190,787	1,264,004
Provision for Loan Losses	369,901	448,888	157,819	149,159	252,843	222,055
Revenue	614,869	457,593	921,340	1,039,676	937,944	1,041,949
Revenue Growth (YoY)	14.48%	-50.33%	-11.38%	10.85%	-9.98%	4.64%
Salaries and Employee Benefits	314,249	297,262	277,892	262,234	255,186	239,469
Occupancy Expenses	84,340	79,334	69,905	66,504	67,595	65,455
Selling, General & Administrative	425,300	418,317	392,018	361,583	357,550	358,652
Other Non-Interest Expense	96,140	71,878	54,013	40,570	37,501	36,565
Total Non-Interest Expense	907,408	866,791	793,828	730,891	717,832	700,141
EBT Excluding Unusual Items	-292,539	-409,198	127,512	308,785	220,112	341,808
Asset Writedown	1,580	2,529	3,829	195	2,542	213
Pretax Income	-290,959	-406,669	131,341	308,980	222,654	342,021
Income Tax Expense	-113,776	-165,665	27,566	116,732	58,740	105,396
Earnings From Continuing Operations	-177,183	-241,004	103,775	192,248	163,914	236,625
Minority Interest in Earnings	-272	-605	-368	-428	-632	-627
Net Income	-177,455	-241,609	103,407	191,820	163,282	235,998
Net Income to Common	-177,455	-241,609	103,407	191,820	163,282	235,998
Net Income Growth	-	-	-46.09%	17.48%	-30.81%	9.38%
Basic Shares Outstanding	225	225	225	225	225	225
Diluted Shares Outstanding	225	225	225	225	225	225
EPS (Basic)	-789.63	-1075.10	460.14	853.55	726.57	1050.13
EPS (Diluted)	-789.63	-1075.10	460.14	853.55	726.57	1050.13
EPS Growth	-	-	-46.09%	17.48%	-30.81%	9.38%
Dividend Per Share	87.840	87.840	390.000	390.000	285.360	405.000
Dividend Growth	-77.48%	-77.48%	0%	36.67%	-29.54%	5.47%
Effective Tax Rate	-	-	20.99%	37.78%	26.38%	30.82%

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