Banco Nacional de Crédito, C.A., Banco Universal (CCSE: 2BNC)

Banco Nacional de Crédito, C.A., Banco Universal Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	2,444	2,728	453.43	40.89	4,875,658	166,944
Interest Income on Investments	64.12	77.76	42.2	5	708,921	44,324
Total Interest Income	2,508	2,806	495.63	45.89	5,584,578	211,268
Interest Paid on Deposits	724.96	475.41	73.04	9.56	352,559	18,900
Interest Paid on Borrowings	700.47	453.51	74.06	9.61	243,736	9,772
Total Interest Expense	1,425	928.92	147.1	19.16	596,295	28,671
Net Interest Income	1,082	1,877	348.53	26.73	4,988,284	182,597
Net Interest Income Growth (YoY)	-22.06%	438.54%	1204.12%	-100.00%	2631.86%	9687.18%
Gain (Loss) on Sale of Investments	14.62	24.27	5.89	6.03	340,406	25,346
Gain (Loss) on Sale of Equity Investments	111.85	186.3	61.35	-	-	-
Other Non-Interest Income	2,720	1,877	435.4	70.62	4,947,126	150,939
Total Non-Interest Income	2,846	2,087	502.64	76.65	5,287,531	176,285
Non-Interest Income Growth (YoY)	134.28%	315.25%	555.78%	-100.00%	2899.42%	23930.77%
Revenues Before Loan Losses	3,929	3,964	851.17	103.37	10,275,815	358,882
Provision for Loan Losses	186.53	167.56	49.26	7.62	559,387	26,447
Revenue	3,742	3,797	801.91	95.75	9,716,428	332,435
Revenue Growth (YoY)	48.27%	373.45%	737.50%	-100.00%	2822.80%	15884.37%
Salaries and Employee Benefits	825.14	684.04	116.42	14.67	1,164,539	46,182
Federal Deposit Insurance	57.44	26.28	4.76	0.52	33,499	1,819
Selling, General & Administrative	2,156	1,495	368.36	59.89	3,063,709	125,670
Other Non-Interest Expense	307.29	365.85	64.54	11.3	1,214,077	38,655
Total Non-Interest Expense	3,312	2,548	562.13	88.71	5,479,495	212,362
EBT Excluding Unusual Items	430.34	1,249	239.78	7.04	4,236,933	120,073
Other Unusual Items	277.83	103.54	67.15	17.33	-1,037	12.44
Pretax Income	708.17	1,352	306.93	24.37	4,235,896	120,086
Income Tax Expense	74.2	243.54	53.1	3.67	1,205,955	24,296
Net Income	633.97	1,109	253.83	20.69	3,029,941	95,790
Net Income to Common	633.97	1,109	253.83	20.69	3,029,941	95,790
Net Income Growth	-35.05%	336.82%	1126.54%	-100.00%	3063.10%	3757.95%
Basic Shares Outstanding	128,960	128,960	28,960	28,960	28,960	24,888
Diluted Shares Outstanding	128,960	128,960	28,960	28,960	28,960	24,888
Shares Change (YoY)	345.31%	345.31%	-	-0.00%	16.36%	-1.46%
EPS (Basic)	0.00	0.01	0.01	0.00	104.63	3.85
EPS (Diluted)	0.00	0.01	0.01	0.00	104.63	3.85
EPS Growth	-85.41%	-1.91%	1127.45%	-100.00%	2618.40%	3815.21%
Dividend Per Share	-	-	0.001	-	-	-
Effective Tax Rate	10.48%	18.01%	17.30%	15.07%	28.47%	20.23%

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