Banco del Bajío, S.A., Institución de Banca Múltiple (BBAJF)

BBAJF Income Statement

Financials in millions MXN. 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	42,901	39,938	26,904	18,156	19,767
Interest Paid on Deposits	20,089	17,759	10,640	7,038	8,547
Net Interest Income	22,812	22,179	16,264	11,118	11,220
Net Interest Income Growth (YoY)	2.85%	36.37%	46.29%	-0.91%	-9.89%
Other Non-Interest Income	3,192	2,627	2,199	2,863	2,386
Total Non-Interest Income	3,192	2,627	2,199	2,863	2,386
Non-Interest Income Growth (YoY)	21.51%	19.46%	-23.19%	19.99%	0.97%
Revenues Before Loan Losses	26,004	24,806	18,463	13,981	13,606
Provision for Loan Losses	2,250	1,671	1,104	1,243	2,700
Revenue	23,754	23,135	17,359	12,738	10,906
Revenue Growth (YoY)	2.68%	33.27%	36.28%	16.80%	-22.93%
Salaries and Employee Benefits	-	4,594	4,063	-	-
Occupancy Expenses	-	783	646	-	-
Selling, General & Administrative	9,180	2,314	1,872	6,967	6,499
Other Non-Interest Expense	-	473	379	-	-
Total Non-Interest Expense	9,172	8,158	6,958	6,966	6,492
EBT Excluding Unusual Items	14,582	14,977	10,401	5,772	4,414
Legal Settlements	-	90	88	-	-
Pretax Income	14,582	15,067	10,489	5,772	4,414
Income Tax Expense	3,892	4,054	2,417	958	977
Net Income	10,690	11,013	8,072	4,814	3,437
Net Income to Common	10,690	11,013	8,072	4,814	3,437
Net Income Growth	-2.93%	36.43%	67.68%	40.06%	-38.70%
Basic Shares Outstanding	1,190	1,190	1,190	1,189	1,189
Diluted Shares Outstanding	1,190	1,190	1,190	1,189	1,189
Shares Change (YoY)	0.01%	0.01%	0.09%	-0.05%	-0.10%
EPS (Basic)	8.98	9.26	6.79	4.05	2.89
EPS (Diluted)	8.98	9.26	6.79	4.05	2.89
EPS Growth	-2.95%	36.42%	67.53%	40.14%	-38.64%
Dividend Per Share	-	5.554	4.061	2.023	1.901
Dividend Growth	-	36.77%	100.76%	6.39%	-
Effective Tax Rate	26.69%	26.91%	23.04%	16.60%	22.13%

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