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

CCSE: BNC 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	4.88	0.17
Interest Income on Investments	64.12	77.76	42.2	5	0.71	0.04
Total Interest Income	2,508	2,806	495.63	45.89	5.58	0.21
Interest Paid on Deposits	724.96	475.41	73.04	9.56	0.35	0.02
Interest Paid on Borrowings	700.47	453.51	74.06	9.61	0.24	0.01
Total Interest Expense	1,425	928.92	147.1	19.16	0.6	0.03
Net Interest Income	1,082	1,877	348.53	26.73	4.99	0.18
Net Interest Income Growth (YoY)	-22.06%	438.54%	1204.12%	435.76%	2631.90%	9690.56%
Gain (Loss) on Sale of Investments	14.62	24.27	5.89	6.03	0.34	0.03
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	4.95	0.15
Total Non-Interest Income	2,846	2,087	502.64	76.65	5.29	0.18
Non-Interest Income Growth (YoY)	134.28%	315.25%	555.78%	1349.60%	2899.42%	23917.03%
Revenues Before Loan Losses	3,929	3,964	851.17	103.37	10.28	0.36
Provision for Loan Losses	186.53	167.56	49.26	7.62	0.56	0.03
Revenue	3,742	3,797	801.91	95.75	9.72	0.33
Revenue Growth (YoY)	48.27%	373.45%	737.50%	885.45%	2822.82%	15882.36%
Salaries and Employee Benefits	825.14	684.04	116.42	14.67	1.16	0.05
Federal Deposit Insurance	57.44	26.28	4.76	0.52	0.03	0
Selling, General & Administrative	2,156	1,495	368.36	59.89	3.06	0.13
Other Non-Interest Expense	307.29	365.85	64.54	11.3	1.21	0.04
Total Non-Interest Expense	3,312	2,548	562.13	88.71	5.48	0.21
EBT Excluding Unusual Items	430.34	1,249	239.78	7.04	4.24	0.12
Other Unusual Items	277.83	103.54	67.15	17.33	-0	0
Pretax Income	708.17	1,352	306.93	24.37	4.24	0.12
Income Tax Expense	74.2	243.54	53.1	3.67	1.21	0.02
Net Income	633.97	1,109	253.83	20.69	3.03	0.1
Net Income to Common	633.97	1,109	253.83	20.69	3.03	0.1
Net Income Growth	-35.05%	336.82%	1126.54%	582.99%	3062.66%	3747.55%
Basic Shares Outstanding	258	258	58	58	58	50
Diluted Shares Outstanding	258	258	58	58	58	50
Shares Change (YoY)	345.31%	345.31%	-	-0.00%	16.36%	-1.46%
EPS (Basic)	2.46	4.30	4.38	0.36	0.05	0.00
EPS (Diluted)	2.46	4.30	4.38	0.36	0.05	0.00
EPS Growth	-85.41%	-1.91%	1126.55%	583.00%	2618.97%	3826.53%
Dividend Per Share	-	-	0.263	-	-	-
Effective Tax Rate	10.48%	18.01%	17.30%	15.07%	28.47%	20.23%

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