Grupo Aval Acciones y Valores S.A. (AVAL)

AVAL Income Statement

Financials in millions COP. 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	25,465,600	26,534,115	17,559,516	11,882,144	12,458,065
Interest Income on Investments	2,716,300	2,385,289	1,843,516	909,265	758,033
Total Interest Income	28,181,900	28,919,404	19,403,032	12,791,409	13,216,098
Interest Paid on Deposits	15,194,100	16,214,226	7,756,432	2,637,945	3,577,750
Interest Paid on Borrowings	5,720,200	6,418,204	3,907,963	2,022,885	2,223,895
Total Interest Expense	20,914,300	22,632,430	11,664,395	4,660,830	5,801,645
Net Interest Income	7,267,600	6,286,974	7,738,637	8,130,579	7,414,453
Net Interest Income Growth (YoY)	15.60%	-18.76%	-4.82%	9.66%	-34.30%
Trust Income	495,900	-	-	-	-
Income From Trading Activities	1,404,400	-916,049	1,559,626	922,281	1,288,142
Gain (Loss) on Sale of Assets	21,400	364,323	125,449	19,387	102,286
Gain (Loss) on Sale of Investments	146,000	121,644	-151,422	82,980	457,017
Gain (Loss) on Sale of Equity Investments	526,800	371,397	372,777	300,217	219,918
Other Non-Interest Income	6,079,300	9,681,100	6,437,862	6,383,784	5,976,568
Total Non-Interest Income	8,673,800	9,622,415	8,344,292	7,708,649	8,043,931
Non-Interest Income Growth (YoY)	-9.86%	15.32%	8.25%	-4.17%	-20.55%
Revenues Before Loan Losses	15,941,400	15,909,389	16,082,929	15,839,228	15,458,384
Provision for Loan Losses	4,180,800	4,195,265	2,476,425	2,720,423	4,264,031
Revenue	11,760,600	11,714,124	13,606,504	13,118,805	11,194,353
Revenue Growth (YoY)	0.40%	-13.91%	3.72%	17.19%	-36.38%
Salaries and Employee Benefits	3,211,600	3,055,168	2,833,794	2,634,187	2,481,563
Occupancy Expenses	712,600	968,487	913,090	841,996	803,539
Amortization of Goodwill & Intangibles	-	240,804	225,137	206,688	181,448
Selling, General & Administrative	4,473,400	1,342,866	1,252,006	1,136,988	1,176,541
Other Non-Interest Expense	252,100	2,493,840	1,869,608	1,738,577	1,461,227
Total Non-Interest Expense	8,649,700	8,301,460	7,382,596	6,775,161	6,302,156
EBT Excluding Unusual Items	3,110,900	3,412,664	6,223,908	6,343,644	4,892,197
Asset Writedown	27,000	74,886	50,463	20,974	-50,326
Pretax Income	3,137,900	3,487,550	6,274,371	6,364,618	4,841,871
Income Tax Expense	946,400	1,310,434	2,271,404	2,323,428	1,360,067
Earnings From Continuing Operations	2,191,500	2,177,116	4,002,967	4,041,190	3,481,804
Earnings From Discontinued Operations	-	-	593,990	1,118,556	790,340
Minority Interest in Earnings	-1,176,400	-1,438,113	-2,114,072	-1,862,010	-1,922,623
Net Income	1,015,100	739,003	2,482,885	3,297,736	2,349,521
Net Income to Common	1,015,100	739,003	2,482,885	3,297,736	2,349,521
Net Income Growth	37.36%	-70.24%	-24.71%	40.36%	-22.57%
Basic Shares Outstanding	23,743	23,743	23,142	22,281	22,281
Diluted Shares Outstanding	23,743	23,743	23,142	22,281	22,281
Shares Change (YoY)	-	2.60%	3.87%	-	-0.00%
EPS (Basic)	42.75	31.12	107.29	148.01	105.45
EPS (Diluted)	42.75	31.12	107.29	148.01	105.45
EPS Growth	37.36%	-70.99%	-27.51%	40.36%	-22.57%
Dividend Per Share	-	24.000	43.200	54.000	54.000
Dividend Growth	-	-44.44%	-20.00%	0%	-10.00%
Effective Tax Rate	30.16%	37.57%	36.20%	36.51%	28.09%

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