Banco Mercantil do Brasil S.A. (BVMF: BMEB4)

Banco Mercantil do Brasil Income Statement

Financials in millions BRL. 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	5,223	4,575	3,230	2,301	1,914	1,885
Interest Income on Investments	405.82	314.72	293.21	103.38	112.01	184.46
Total Interest Income	5,629	4,890	3,523	2,405	2,026	2,069
Interest Paid on Deposits	1,733	1,562	1,113	369.51	422.5	481.67
Interest Paid on Borrowings	1.11	1.5	0.92	0.44	11.77	2.15
Total Interest Expense	1,735	1,563	1,114	369.95	434.28	483.82
Net Interest Income	3,894	3,327	2,409	2,035	1,592	1,586
Net Interest Income Growth (YoY)	30.50%	38.10%	18.41%	27.84%	0.38%	-1.72%
Gain (Loss) on Sale of Assets	-	-	-	-	-48.6	-
Gain (Loss) on Sale of Investments	-67.54	-67.54	4.09	143.41	121.06	206.19
Other Non-Interest Income	723.97	497.59	487.52	408.27	469.17	286.55
Total Non-Interest Income	656.43	430.05	491.61	551.68	541.62	492.74
Non-Interest Income Growth (YoY)	29.15%	-12.52%	-10.89%	1.86%	9.92%	16.78%
Revenues Before Loan Losses	4,551	3,757	2,901	2,586	2,133	2,078
Provision for Loan Losses	463.16	487.24	327.43	344.7	326.31	413.89
Revenue	4,088	3,270	2,573	2,242	1,807	1,664
Revenue Growth (YoY)	35.18%	27.07%	14.80%	24.06%	8.56%	11.67%
Salaries and Employee Benefits	614.9	561.94	497.29	491.41	490.61	459.19
Selling, General & Administrative	1,041	916.51	846.8	851.45	686.14	606.56
Other Non-Interest Expense	1,331	1,103	864.16	641.77	495.49	367.56
Total Non-Interest Expense	2,976	2,574	2,196	1,981	1,640	1,546
EBT Excluding Unusual Items	1,112	695.95	377.73	260.49	167.19	118.26
Legal Settlements	-172.03	-152.69	-113.6	-91.04	36.56	-32.5
Other Unusual Items	-	-	-	-36.37	-	-
Pretax Income	939.93	543.26	264.13	133.08	203.74	85.76
Income Tax Expense	239.73	121.47	63.52	-54.29	50.39	-38.39
Earnings From Continuing Operations	700.21	421.79	200.62	187.36	153.36	124.15
Minority Interest in Earnings	-2.77	-0.9	-0.04	-2.88	-2.31	-2.75
Net Income	697.44	420.9	200.57	184.49	151.05	121.4
Net Income to Common	697.44	420.9	200.57	184.49	151.05	121.4
Net Income Growth	107.71%	109.85%	8.72%	22.14%	24.42%	127.33%
Basic Shares Outstanding	104	104	104	104	105	105
Diluted Shares Outstanding	104	104	104	104	105	105
Shares Change (YoY)	-	-	0.16%	-0.49%	-	-
EPS (Basic)	6.68	4.03	1.92	1.77	1.44	1.16
EPS (Diluted)	6.68	4.03	1.92	1.77	1.44	1.16
EPS Growth	107.71%	109.85%	8.55%	22.74%	24.42%	127.33%
Dividend Per Share	-	-	0.500	0.447	0.363	0.292
Dividend Growth	-	-	11.86%	23.16%	24.42%	3.40%
Effective Tax Rate	25.50%	22.36%	24.05%	-	24.73%	-

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