Banco Pichincha S.A. (BVL: BPICHC1)

Banco Pichincha Income Statement

Financials in millions PEN. 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	951.21	1,066	983.05	843.9	841.01	929.19
Interest Income on Investments	106.06	83.01	43.61	11.96	18.08	22.79
Total Interest Income	1,057	1,149	1,027	855.85	859.09	951.98
Interest Paid on Deposits	390.87	402.11	226.5	157.75	206.62	227.38
Interest Paid on Borrowings	109.46	122.03	116.93	110.5	112.28	107.97
Total Interest Expense	500.32	524.14	343.44	268.25	318.9	335.36
Net Interest Income	556.95	625.07	683.22	587.6	540.19	616.62
Net Interest Income Growth (YoY)	-16.27%	-8.51%	16.27%	8.78%	-12.40%	10.99%
Gain (Loss) on Sale of Assets	-1.97	-	-0.99	-	-	38.68
Gain (Loss) on Sale of Investments	-1.86	-0.96	-1.32	-1.32	-5.32	-6.5
Gain (Loss) on Sale of Equity Investments	0.02	0.02	-0.09	0.62	0.07	16.64
Other Non-Interest Income	163.49	182.27	127.1	130.53	116.96	61.43
Total Non-Interest Income	182.15	203.8	130.28	151.46	117.7	125
Non-Interest Income Growth (YoY)	-2.23%	56.43%	-13.98%	28.68%	-5.84%	87.83%
Revenues Before Loan Losses	739.1	828.87	813.5	739.06	657.89	741.62
Provision for Loan Losses	608.13	485.2	401.22	442.22	292.22	287.37
Revenue	130.97	343.68	412.28	296.85	365.67	454.26
Revenue Growth (YoY)	-62.54%	-16.64%	38.89%	-18.82%	-19.50%	5.26%
Salaries and Employee Benefits	156.91	172.52	166.34	197.34	175.73	186.92
Occupancy Expenses	17.18	15.99	15.24	18.59	18.6	16.63
Selling, General & Administrative	145.32	150.7	157.85	183.73	172.76	169.42
Other Non-Interest Expense	-25.55	5.04	58.04	46.08	24.21	6.71
Total Non-Interest Expense	300.46	345.14	403.39	448.29	393.34	383.6
EBT Excluding Unusual Items	-169.49	-1.46	8.89	-151.44	-27.67	70.66
Legal Settlements	-0.93	-1	-0.95	-0.53	-0.52	-1.24
Other Unusual Items	117.44	-	-	14.39	6.41	7.92
Pretax Income	-52.98	-2.46	7.94	-137.58	-21.78	77.34
Income Tax Expense	-10.2	-3.09	2.88	-33.46	0.32	22.01
Earnings From Continuing Operations	-42.78	0.63	5.06	-104.11	-22.09	55.33
Minority Interest in Earnings	-	-	-	6.34	-0.64	-
Net Income	-42.78	0.63	5.06	-97.77	-22.74	55.33
Preferred Dividends & Other Adjustments	-	-	-	-	-	27.66
Net Income to Common	-42.78	0.63	5.06	-97.77	-22.74	27.66
Net Income Growth	-	-87.53%	-	-	-	8.45%
Basic Shares Outstanding	1,259	1,188	1,024	882	861	708
Diluted Shares Outstanding	1,259	1,188	1,024	882	861	708
Shares Change (YoY)	4.21%	16.00%	16.05%	2.53%	21.59%	2.26%
EPS (Basic)	-0.03	0.00	0.00	-0.11	-0.03	0.04
EPS (Diluted)	-0.03	0.00	0.00	-0.11	-0.03	0.04
EPS Growth	-	-89.25%	-	-	-	2.59%
Effective Tax Rate	-	-	36.29%	-	-	28.46%

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