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

CCSE:BPV 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	1,988	2,106	485.3	173.83	10.39	0.39
Interest Income on Investments	173.85	107.65	16.69	3.55	1.07	0.05
Total Interest Income	2,162	2,214	501.99	177.38	11.46	0.45
Interest Paid on Deposits	188.41	91.2	29.51	11.31	0.75	0.09
Interest Paid on Borrowings	3.41	10.61	2.39	4.12	0.82	0
Total Interest Expense	191.82	101.81	31.9	15.44	1.57	0.09
Net Interest Income	1,970	2,112	470.09	161.94	9.89	0.36
Net Interest Income Growth (YoY)	-15.38%	349.33%	190.28%	1538.08%	2652.64%	6030.85%
Gain (Loss) on Sale of Investments	-17.77	4.37	93.55	0	-0	-0
Gain (Loss) on Sale of Equity Investments	91.15	13.32	1.77	1.98	0.12	0
Other Non-Interest Income	2,288	1,435	332.91	159.1	8.97	0.71
Total Non-Interest Income	2,361	1,453	428.23	161.08	9.09	0.71
Non-Interest Income Growth (YoY)	114.03%	239.32%	165.85%	1671.12%	1182.76%	37855.35%
Revenues Before Loan Losses	4,332	3,565	898.32	323.02	18.98	1.07
Provision for Loan Losses	59.26	85.68	17.79	10.06	0.68	0.03
Revenue	4,272	3,480	880.53	312.96	18.3	1.04
Revenue Growth (YoY)	27.10%	295.18%	181.35%	1609.71%	1662.22%	15715.19%
Salaries and Employee Benefits	927.76	505.51	125.61	49.67	2.83	0.22
Federal Deposit Insurance	-	-	-	-	0.18	0.01
Selling, General & Administrative	1,593	912.59	206.31	81.97	6.99	0.35
Other Non-Interest Expense	448.76	382.78	72.56	82.08	2.39	0.11
Total Non-Interest Expense	2,971	1,804	404.53	212.71	12.39	0.68
EBT Excluding Unusual Items	1,301	1,676	475.99	100.25	5.91	0.36
Legal Settlements	3.89	-3.07	-6.13	-0.82	-0.07	-
Other Unusual Items	-3.2	-1.9	0.37	-0.24	-0.01	-0
Pretax Income	1,302	1,671	470.24	99.18	5.84	0.36
Income Tax Expense	-44.23	176.59	88.19	23.08	0	0.01
Net Income	1,346	1,494	382.05	76.11	5.84	0.34
Net Income to Common	1,346	1,494	382.05	76.11	5.84	0.34
Net Income Growth	-14.34%	291.11%	402.00%	1203.77%	1600.86%	7636.70%
Basic Shares Outstanding	3,416	2,442	2,442	1,572	2,442	2,442
Diluted Shares Outstanding	3,416	2,442	2,442	1,572	2,442	2,442
Shares Change (YoY)	39.87%	0.01%	55.33%	-35.63%	-	-
EPS (Basic)	0.39	0.61	0.16	0.05	0.00	0.00
EPS (Diluted)	0.39	0.61	0.16	0.05	0.00	0.00
EPS Growth	-38.76%	291.07%	223.17%	1925.73%	1607.14%	13900.00%
Dividend Per Share	-	-	0.070	-	-	-
Effective Tax Rate	-	10.57%	18.75%	23.27%	0.02%	3.60%

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