Banco Provincial, S.A. Banco Universal (CCSE:BPV)

CCSE:BPV Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	4,157	2,106	485.3	173.83	10.39
Interest Income on Investments	239.93	107.65	16.69	3.55	1.07
Total Interest Income	4,397	2,214	501.99	177.38	11.46
Interest Paid on Deposits	363.31	91.2	29.51	11.31	0.75
Interest Paid on Borrowings	135.32	10.61	2.39	4.12	0.82
Total Interest Expense	498.62	101.81	31.9	15.44	1.57
Net Interest Income	3,898	2,112	470.09	161.94	9.89
Net Interest Income Growth (YoY)	84.55%	349.33%	190.28%	1538.08%	2652.64%
Gain (Loss) on Sale of Investments	9.52	4.37	93.55	0	-0
Gain (Loss) on Sale of Equity Investments	120.29	13.32	1.77	1.98	0.12
Other Non-Interest Income	4,322	1,435	332.91	159.1	8.97
Total Non-Interest Income	4,452	1,453	428.23	161.08	9.09
Non-Interest Income Growth (YoY)	206.38%	239.32%	165.85%	1671.12%	1182.76%
Revenues Before Loan Losses	8,350	3,565	898.32	323.02	18.98
Provision for Loan Losses	231.39	85.68	17.79	10.06	0.68
Revenue	8,119	3,480	880.53	312.96	18.3
Revenue Growth (YoY)	133.32%	295.18%	181.35%	1609.71%	1662.22%
Salaries and Employee Benefits	1,550	505.51	125.61	49.67	2.83
Federal Deposit Insurance	-	-	-	-	0.18
Selling, General & Administrative	2,679	912.59	206.31	81.97	6.99
Other Non-Interest Expense	1,179	382.78	72.56	82.08	2.39
Total Non-Interest Expense	5,412	1,804	404.53	212.71	12.39
EBT Excluding Unusual Items	2,707	1,676	475.99	100.25	5.91
Legal Settlements	-5.64	-3.07	-6.13	-0.82	-0.07
Other Unusual Items	-2.91	-1.9	0.37	-0.24	-0.01
Pretax Income	2,698	1,671	470.24	99.18	5.84
Income Tax Expense	495.33	176.59	88.19	23.08	0
Net Income	2,203	1,494	382.05	76.11	5.84
Net Income to Common	2,203	1,494	382.05	76.11	5.84
Net Income Growth	47.41%	291.11%	402.00%	1203.77%	1600.86%
Basic Shares Outstanding	4,389	2,442	2,442	1,572	2,442
Diluted Shares Outstanding	4,389	2,442	2,442	1,572	2,442
Shares Change (YoY)	79.73%	0.01%	55.34%	-35.63%	-
EPS (Basic)	0.50	0.61	0.16	0.05	0.00
EPS (Diluted)	0.50	0.61	0.16	0.05	0.00
EPS Growth	-17.98%	291.07%	223.17%	1925.73%	1607.14%
Dividend Per Share	-	-	0.070	-	-
Effective Tax Rate	18.36%	10.57%	18.75%	23.27%	0.02%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.