Banco de Chile (BCH)

Banco de Chile 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	3,910,629	4,044,665	4,466,881	2,388,470	1,873,019	2,111,645
Interest Paid on Deposits	1,762,601	2,123,873	2,200,752	814,448	560,007	742,270
Net Interest Income	2,148,028	1,920,792	2,266,129	1,574,022	1,313,012	1,369,375
Net Interest Income Growth (YoY)	-12.02%	-15.24%	43.97%	19.88%	-4.12%	3.75%
Gain (Loss) on Sale of Assets	-1,867	2,807	4,848	1,986	2,249	3,805
Gain (Loss) on Sale of Investments	8,558	-	-	-	27,091	4,789
Gain (Loss) on Sale of Equity Investments	11,136	13,409	13,031	1,793	-	-
Other Non-Interest Income	1,092,106	1,079,580	858,615	647,070	596,391	636,551
Total Non-Interest Income	1,008,882	1,095,796	876,494	650,849	625,731	645,145
Non-Interest Income Growth (YoY)	93.00%	25.02%	34.67%	4.01%	-3.01%	16.58%
Revenues Before Loan Losses	3,156,910	3,016,588	3,142,623	2,224,871	1,938,743	2,014,520
Provision for Loan Losses	257,051	201,944	412,130	19,172	462,680	347,274
Revenue	2,899,859	2,814,644	2,730,493	2,205,699	1,476,063	1,667,246
Revenue Growth (YoY)	10.24%	3.08%	23.79%	49.43%	-11.47%	4.73%
Salaries and Employee Benefits	596,418	582,684	528,226	450,952	457,176	475,599
Occupancy Expenses	94,471	92,308	84,205	76,798	73,357	70,541
Selling, General & Administrative	420,188	406,314	353,067	322,840	318,092	329,493
Other Non-Interest Expense	36,965	35,273	29,798	21,131	31,850	32,696
Total Non-Interest Expense	1,148,042	1,116,579	995,296	871,721	885,136	901,879
EBT Excluding Unusual Items	1,751,817	1,698,065	1,735,197	1,333,978	590,927	765,367
Asset Writedown	-1,754	-1,779	-131	-1,690	-1,661	-2,555
Legal Settlements	-1,096	-145	-56	-2	-195	-120
Pretax Income	1,748,967	1,696,141	1,735,010	1,332,286	589,071	762,692
Income Tax Expense	323,705	322,114	289,209	275,969	125,962	169,683
Earnings From Continuing Operations	1,425,262	1,374,027	1,445,801	1,056,317	463,109	593,009
Minority Interest in Earnings	-1	-1	-2	-1	-1	-1
Net Income	1,425,261	1,374,026	1,445,799	1,056,316	463,108	593,008
Net Income to Common	1,425,261	1,374,026	1,445,799	1,056,316	463,108	593,008
Net Income Growth	14.84%	-4.96%	36.87%	128.09%	-21.91%	-0.31%
Basic Shares Outstanding	101,017	101,017	101,017	101,017	101,017	101,017
Diluted Shares Outstanding	101,017	101,017	101,017	101,017	101,017	101,017
EPS (Basic)	14.11	13.60	14.31	10.46	4.58	5.87
EPS (Diluted)	14.11	13.60	14.31	10.46	4.58	5.87
EPS Growth	14.90%	-4.96%	36.85%	128.31%	-21.98%	-0.32%
Dividend Per Share	8.077	8.077	8.582	5.344	2.181	3.470
Dividend Growth	-5.88%	-5.88%	60.59%	145.07%	-37.16%	-1.62%
Effective Tax Rate	18.51%	18.99%	16.67%	20.71%	21.38%	22.25%

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