Mercantil Financeira S.A. - Crédito, Financiamento e Investimento (BVMF: MERC4)

MERC4 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	67.25	39.84	50.53	45.9	53.88	70.83
Interest Income on Investments	1.59	2.87	1.49	2.72	3.54	7.17
Total Interest Income	68.84	42.71	52.02	48.61	57.42	78
Interest Paid on Deposits	13.67	0.57	4.59	1.48	2.15	9.45
Net Interest Income	55.17	42.15	47.43	47.13	55.27	68.55
Net Interest Income Growth (YoY)	26.83%	-11.15%	0.64%	-14.72%	-19.37%	-37.86%
Gain (Loss) on Sale of Investments	-0.02	-0.25	-0.06	-0.25	-1.13	18.08
Gain (Loss) on Sale of Equity Investments	0.04	0.04	0.15	-0.2	-	-
Other Non-Interest Income	19.35	3.56	0.01	0	0.01	0.01
Total Non-Interest Income	19.37	3.34	0.09	-0.45	-1.12	18.09
Non-Interest Income Growth (YoY)	-	3456.38%	-	-	-	-32.90%
Revenues Before Loan Losses	74.54	45.49	47.53	46.68	54.15	86.64
Provision for Loan Losses	5.42	11.93	6.7	8.87	8.69	11.62
Revenue	69.12	33.56	40.83	37.82	45.47	75.02
Revenue Growth (YoY)	116.42%	-17.80%	7.97%	-16.83%	-39.39%	-37.56%
Salaries and Employee Benefits	2.68	1.68	5.85	7.33	6.51	6.11
Selling, General & Administrative	20.66	12.09	16.07	15.13	16.41	32.41
Other Non-Interest Expense	0.55	2.06	0.13	1.99	11.01	9.93
Total Non-Interest Expense	23.89	15.84	22.02	24.5	33.93	47.23
EBT Excluding Unusual Items	45.23	17.73	18.81	13.32	11.54	27.79
Legal Settlements	-11.09	-10.08	-8.77	-5.15	0.46	-1.16
Other Unusual Items	-5.43	-5.43	-18.49	-	-	-
Pretax Income	28.71	2.21	-8.46	8.17	11.99	26.62
Income Tax Expense	9.09	-0.56	-2.61	-5.04	3.19	8.62
Earnings From Continuing Operations	19.62	2.77	-5.84	13.21	8.8	18.01
Minority Interest in Earnings	-0	-0	0	-	-0.04	-0.01
Net Income	19.62	2.77	-5.84	13.21	8.76	17.99
Net Income to Common	19.62	2.77	-5.84	13.21	8.76	17.99
Net Income Growth	2176.22%	-	-	50.89%	-51.34%	-28.83%
Basic Shares Outstanding	18	18	18	18	18	18
Diluted Shares Outstanding	18	18	18	18	18	18
EPS (Basic)	1.09	0.15	-0.32	0.73	0.49	1.00
EPS (Diluted)	1.09	0.15	-0.32	0.73	0.49	1.00
EPS Growth	2176.23%	-	-	50.89%	-51.34%	-28.83%
Dividend Per Share	0.481	0.481	-	-	-	0.105
Dividend Growth	-	-	-	-	-	-67.13%
Effective Tax Rate	31.65%	-	-	-	26.64%	32.37%

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