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

CCSE:MVZ.B 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	27,379	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	27,766	5,593	2,825	1,186	108.82	19.12
Interest Paid on Deposits	1,382	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	1,781	999.53	438.45	82.45	48.08	3.74
Net Interest Income	25,986	4,594	2,386	1,103	60.73	15.38
Net Interest Income Growth (YoY)	1992.60%	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	28,285	7,715	4,850	1,351	412.75	104.95
Total Non-Interest Income	28,440	7,870	4,923	1,395	426.1	109.5
Non-Interest Income Growth (YoY)	905.03%	59.88%	252.81%	227.44%	289.11%	1767.49%
Revenues Before Loan Losses	54,426	12,464	7,309	2,499	486.83	124.88
Provision for Loan Losses	1,900	236.44	162.33	42.47	3.84	0.68
Revenue	52,525	12,227	7,146	2,456	482.99	124.21
Revenue Growth (YoY)	1221.47%	71.10%	190.96%	408.54%	288.85%	1928.14%
Salaries and Employee Benefits	6,978	2,816	1,530	280.77	107.5	6.84
Occupancy Expenses	1,934	1,302	763.77	152.91	39.86	2.42
Federal Deposit Insurance	1,267	502.43	264.63	57.22	15.68	0.62
Selling, General & Administrative	-	-	-	5.8	0.63	0.09
Other Non-Interest Expense	10,518	3,863	2,395	990.8	193.75	28.8
Total Non-Interest Expense	20,698	8,484	4,953	1,488	357.42	38.76
EBT Excluding Unusual Items	31,828	3,744	2,193	968.69	125.57	85.45
Other Unusual Items	-	-	-	-	-0.27	-
Pretax Income	31,828	3,744	2,193	968.69	125.3	85.45
Income Tax Expense	3,943	637.35	472.07	80.6	6.98	10.99
Earnings From Continuing Operations	27,884	3,106	1,721	888.09	118.33	74.46
Minority Interest in Earnings	5.48	1.48	0.17	-0.99	-0.05	-0.03
Net Income	27,890	3,108	1,721	887.1	118.28	74.43
Net Income to Common	27,890	3,108	1,721	887.1	118.28	74.43
Net Income Growth	4330.29%	80.54%	94.04%	650.02%	58.90%	2370.30%
Basic Shares Outstanding	131	105	103	102	102	102
Diluted Shares Outstanding	131	105	103	102	102	102
Shares Change (YoY)	-	2.04%	0.54%	0.01%	-0.07%	-0.19%
EPS (Basic)	213.45	29.69	16.78	8.69	1.16	0.73
EPS (Diluted)	213.45	29.69	16.78	8.69	1.16	0.73
EPS Growth	-	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	12.39%	17.03%	21.52%	8.32%	5.57%	12.86%

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