Mercantil Servicios Financieros, C.A. (CCSE:MVZ.A)

CCSE:MVZ.A Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	13,217	5,206	2,766	1,175	105.76	18.57
Interest Income on Investments	387.42	387.42	59	11.34	3.06	0.55
Total Interest Income	13,604	5,593	2,825	1,186	108.82	19.12
Interest Paid on Deposits	711.13	601.13	279.71	63.42	40.55	2.82
Interest Paid on Borrowings	398.4	398.4	158.75	19.04	7.53	0.92
Total Interest Expense	1,110	999.53	438.45	82.45	48.08	3.74
Net Interest Income	12,495	4,594	2,386	1,103	60.73	15.38
Net Interest Income Growth (YoY)	527.13%	92.51%	116.25%	1716.81%	294.90%	5427.38%
Trust Income	93.58	93.58	34.18	7.07	1.68	0.13
Gain (Loss) on Sale of Investments	-9.13	-9.13	4.74	31.42	10.09	4.1
Gain (Loss) on Sale of Equity Investments	71.05	71.05	33.31	5.79	1.58	0.32
Other Non-Interest Income	16,260	7,715	4,850	1,351	412.75	104.95
Total Non-Interest Income	16,415	7,870	4,923	1,395	426.1	109.5
Non-Interest Income Growth (YoY)	155.38%	59.88%	252.81%	227.44%	289.11%	1767.49%
Revenues Before Loan Losses	28,910	12,464	7,309	2,499	486.83	124.88
Provision for Loan Losses	1,306	236.44	162.33	42.47	3.84	0.68
Revenue	27,603	12,227	7,146	2,456	482.99	124.21
Revenue Growth (YoY)	233.11%	71.10%	190.96%	408.54%	288.85%	1928.14%
Salaries and Employee Benefits	5,166	2,816	1,530	280.77	107.5	6.84
Occupancy Expenses	1,580	1,302	763.77	152.91	39.86	2.42
Federal Deposit Insurance	854.43	502.43	264.63	57.22	15.68	0.62
Selling, General & Administrative	-	-	-	5.8	0.63	0.09
Other Non-Interest Expense	6,570	3,863	2,395	990.8	193.75	28.8
Total Non-Interest Expense	14,171	8,484	4,953	1,488	357.42	38.76
EBT Excluding Unusual Items	13,433	3,744	2,193	968.69	125.57	85.45
Other Unusual Items	-	-	-	-	-0.27	-
Pretax Income	13,433	3,744	2,193	968.69	125.3	85.45
Income Tax Expense	1,924	637.35	472.07	80.6	6.98	10.99
Earnings From Continuing Operations	11,508	3,106	1,721	888.09	118.33	74.46
Minority Interest in Earnings	12.48	1.48	0.17	-0.99	-0.05	-0.03
Net Income	11,521	3,108	1,721	887.1	118.28	74.43
Net Income to Common	11,521	3,108	1,721	887.1	118.28	74.43
Net Income Growth	807.10%	80.54%	94.04%	650.02%	58.90%	2370.30%
Basic Shares Outstanding	105	105	103	102	102	102
Diluted Shares Outstanding	105	105	103	102	102	102
Shares Change (YoY)	1.50%	2.04%	0.54%	0.01%	-0.07%	-0.19%
EPS (Basic)	110.07	29.69	16.78	8.69	1.16	0.73
EPS (Diluted)	110.07	29.69	16.78	8.69	1.16	0.73
EPS Growth	793.70%	76.93%	93.01%	649.98%	59.02%	2375.12%
Dividend Per Share	-	0.151	0.030	0.009	0.002	1250.000
Dividend Growth	-	404.67%	237.84%	279.49%	-100.00%	1983.33%
Effective Tax Rate	14.33%	17.03%	21.52%	8.32%	5.57%	12.86%

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