Banestes S.A - Banco do Estado do Espírito Santo (BVMF:BEES3)

BVMF:BEES3 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	3,203	4,591	5,132	4,738	2,185	1,475
Interest Income on Investments	1,552	-	-	-	-	-
Total Interest Income	4,755	4,591	5,132	4,738	2,185	1,475
Interest Paid on Deposits	3,270	3,147	3,686	3,538	1,194	676.18
Interest Paid on Borrowings	7.1	-	-	-	-	-
Total Interest Expense	3,277	3,147	3,686	3,538	1,194	676.18
Net Interest Income	1,478	1,444	1,445	1,200	991.13	798.8
Net Interest Income Growth (YoY)	0.74%	-0.11%	20.47%	21.04%	24.08%	-10.22%
Gain (Loss) on Sale of Assets	40.93	61.58	22.38	12.27	13.73	2.87
Gain (Loss) on Sale of Investments	15.82	35.71	-0.89	46.73	11.44	-
Other Non-Interest Income	452.8	333.81	315.08	331.69	302.05	405.12
Total Non-Interest Income	509.55	431.1	336.57	390.69	327.22	407.99
Non-Interest Income Growth (YoY)	43.30%	28.09%	-13.85%	19.40%	-19.80%	-6.33%
Revenues Before Loan Losses	1,987	1,875	1,782	1,590	1,318	1,207
Provision for Loan Losses	122.91	174.2	307.17	139.22	163.5	63.88
Revenue	1,864	1,701	1,475	1,451	1,155	1,143
Revenue Growth (YoY)	20.76%	15.32%	1.62%	25.65%	1.04%	-2.72%
Salaries and Employee Benefits	612.85	580.98	524.75	492.22	422.48	418.21
Selling, General & Administrative	404.84	382.63	326.26	290.53	250.89	238.68
Other Non-Interest Expense	191.92	126.12	152.05	110.88	113.51	107.06
Total Non-Interest Expense	1,210	1,090	1,003	893.63	786.87	763.95
EBT Excluding Unusual Items	654.46	610.8	471.51	557.46	367.98	378.96
Legal Settlements	-24.57	-15.23	-38.78	-50.51	-25.4	-47.15
Pretax Income	629.89	595.57	432.73	506.96	342.59	331.82
Income Tax Expense	182.38	166.93	108.93	162.31	112.06	110.16
Net Income	447.51	428.63	323.8	344.64	230.52	221.65
Net Income to Common	447.51	428.63	323.8	344.64	230.52	221.65
Net Income Growth	35.47%	32.38%	-6.05%	49.50%	4.00%	3.70%
Basic Shares Outstanding	347	348	348	348	348	348
Diluted Shares Outstanding	347	348	348	348	348	348
Shares Change (YoY)	-0.00%	-	-	-	-	0.51%
EPS (Basic)	1.29	1.23	0.93	0.99	0.66	0.64
EPS (Diluted)	1.29	1.23	0.93	0.99	0.66	0.64
EPS Growth	35.48%	32.38%	-6.05%	49.50%	4.00%	3.18%
Dividend Per Share	0.467	0.436	0.579	0.532	0.406	0.190
Dividend Growth	-18.70%	-24.65%	8.83%	31.27%	113.20%	-38.96%
Effective Tax Rate	28.95%	28.03%	25.17%	32.02%	32.71%	33.20%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.