Grupo Security S.A. (SNSE: SECURITY)

Grupo Security Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	676,942	710,048	857,631	471,725	359,293	371,060
Interest Income on Investments	333,743	356,609	231,850	118,508	111,934	117,216
Total Interest Income	1,010,686	1,066,657	1,089,481	590,233	471,227	488,276
Interest Paid on Deposits	227,240	240,574	146,676	17,226	47,185	91,361
Interest Paid on Borrowings	306,445	287,590	485,111	243,089	147,238	132,319
Total Interest Expense	533,685	528,164	631,788	260,315	194,422	223,680
Net Interest Income	477,000	538,493	457,693	329,918	276,805	264,596
Net Interest Income Growth (YoY)	-4.69%	17.65%	38.73%	19.19%	4.61%	15.13%
Trust Income	5,189	5,192	4,658	4,280	4,436	-
Income From Trading Activities	517,706	531,379	631,874	357,220	10,344	10,771
Gain (Loss) on Sale of Assets	-	-	-	2,146	1,028	1,580
Gain (Loss) on Sale of Investments	1,577	1,502	2,534	3,602	11,773	11,139
Other Non-Interest Income	-343,769	-380,131	-492,591	-242,293	119,172	159,671
Total Non-Interest Income	184,780	161,704	147,494	126,475	148,791	165,544
Non-Interest Income Growth (YoY)	-3.21%	9.63%	16.62%	-15.00%	-10.12%	-25.14%
Revenues Before Loan Losses	661,780	700,197	605,187	456,394	425,596	430,140
Provision for Loan Losses	64,856	72,848	69,595	78,959	71,699	46,097
Revenue	596,925	627,349	535,592	377,434	353,897	384,043
Revenue Growth (YoY)	-3.86%	17.13%	41.90%	6.65%	-7.85%	-6.36%
Selling, General & Administrative	342,501	315,609	287,985	234,496	238,841	243,097
Other Non-Interest Expense	67,667	77,456	100,765	51,408	37,895	28,895
Total Non-Interest Expense	410,634	393,771	387,749	285,123	276,825	271,070
EBT Excluding Unusual Items	186,290	233,578	147,843	92,311	77,072	112,973
Pretax Income	186,290	233,578	147,843	92,311	77,072	112,973
Income Tax Expense	24,552	37,328	-3,491	-241.62	12,774	29,944
Earnings From Continuing Operations	161,738	196,250	151,333	92,553	64,298	83,029
Minority Interest in Earnings	-2,761	311.3	-5,649	-2,081	848.57	-1,873
Net Income	158,978	196,562	145,684	90,472	65,146	81,156
Net Income to Common	158,978	196,562	145,684	90,472	65,146	81,156
Net Income Growth	-18.90%	34.92%	61.03%	38.88%	-19.73%	0.75%
Basic Shares Outstanding	3,995	3,995	4,036	4,036	3,843	3,695
Diluted Shares Outstanding	3,995	3,995	4,036	4,036	3,843	3,695
Shares Change (YoY)	-0.25%	-1.01%	-	5.02%	4.01%	0.05%
EPS (Basic)	39.79	49.20	36.09	22.42	16.95	21.96
EPS (Diluted)	39.79	49.20	36.09	22.42	16.95	21.96
EPS Growth	-18.69%	36.30%	61.03%	32.23%	-22.82%	0.70%
Dividend Per Share	18.550	24.050	17.000	11.500	6.000	9.650
Dividend Growth	15.94%	41.47%	47.83%	91.67%	-37.82%	3.21%
Effective Tax Rate	13.18%	15.98%	-	-	16.57%	26.51%

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