Bancolombia Income Statement

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

Millions COP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Interest Income on Loans	33,481,029	35,240,787	24,783,493	15,344,290	16,132,977	16,628,320	Upgrade
Interest Income on Investments	2,759,891	2,015,557	2,249,308	1,119,799	678,998	608,523	Upgrade
Total Interest Income	36,240,920	37,256,344	27,032,801	16,464,089	16,811,975	17,236,843	Upgrade
Interest Paid on Deposits	15,648,080	16,668,295	8,442,470	4,351,556	5,863,008	6,179,794	Upgrade
Total Interest Expense	15,648,080	16,668,295	8,442,470	4,351,556	5,863,008	6,179,794	Upgrade
Net Interest Income	20,592,840	20,588,049	18,590,331	12,112,533	10,948,967	11,057,049	Upgrade
Net Interest Income Growth (YoY)	-1.11%	10.75%	53.48%	10.63%	-0.98%	6.77%	Upgrade
Gain (Loss) on Sale of Assets	99,761	170,910	171,482	227,445	65,932	93,548	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	-	882,240	Upgrade
Other Non-Interest Income	6,994,481	7,580,850	5,348,519	5,245,023	4,620,068	3,961,941	Upgrade
Total Non-Interest Income	7,094,242	7,751,760	5,520,001	5,472,468	4,686,000	4,937,729	Upgrade
Non-Interest Income Growth (YoY)	-2.54%	40.43%	0.87%	16.78%	-5.10%	9.70%	Upgrade
Revenues Before Loan Losses	27,687,082	28,339,809	24,110,332	17,585,001	15,634,967	15,994,778	Upgrade
Provision for Loan Losses	6,243,835	7,461,479	3,721,353	2,521,178	7,335,755	3,385,181	Upgrade
Revenue	21,443,247	20,878,330	20,388,979	15,063,823	8,299,212	12,609,597	Upgrade
Revenue Growth (YoY)	3.66%	2.40%	35.35%	81.51%	-34.18%	14.58%	Upgrade
Salaries and Employee Benefits	5,433,886	5,350,234	4,417,656	3,782,596	3,044,730	3,366,824	Upgrade
Occupancy Expenses	1,092,136	1,120,379	977,039	920,558	837,790	824,590	Upgrade
Selling, General & Administrative	5,255,731	5,033,944	4,559,900	3,740,506	3,346,859	3,069,058	Upgrade
Other Non-Interest Expense	1,464,591	1,433,148	929,512	719,593	765,766	993,345	Upgrade
Total Non-Interest Expense	13,246,344	12,937,705	10,884,107	9,163,253	7,995,145	8,253,817	Upgrade
EBT Excluding Unusual Items	8,196,903	7,940,625	9,504,872	5,900,570	304,067	4,355,780	Upgrade
Asset Writedown	35,522	193,046	233,081	67,762	-3,501	93,197	Upgrade
Other Unusual Items	8,575	13,855	6,833	15,680	8,207	28,554	Upgrade
Pretax Income	8,241,000	8,147,526	9,744,786	5,984,012	308,773	4,477,531	Upgrade
Income Tax Expense	2,122,809	1,932,555	2,748,421	1,776,225	-6,586	1,262,964	Upgrade
Earnings From Continuing Operations	6,118,191	6,214,971	6,996,365	4,207,787	315,359	3,214,567	Upgrade
Minority Interest in Earnings	-65,842	-98,035	-212,875	-120,992	-39,365	-97,216	Upgrade
Net Income	6,052,349	6,116,936	6,783,490	4,086,795	275,994	3,117,351	Upgrade
Net Income to Common	6,052,349	6,116,936	6,783,490	4,086,795	275,994	3,117,351	Upgrade
Net Income Growth	-4.11%	-9.83%	65.99%	1380.76%	-91.15%	17.24%	Upgrade
Basic Shares Outstanding	962	962	962	962	962	962	Upgrade
Diluted Shares Outstanding	962	962	962	962	962	962	Upgrade
Shares Change (YoY)	0.00%	0.00%	-0.00%	-	-	-	Upgrade
EPS (Basic)	6292.57	6359.71	7053.00	4248.99	286.95	3241.07	Upgrade
EPS (Diluted)	6292.57	6359.71	7053.00	4248.99	286.95	3241.07	Upgrade
EPS Growth	-4.11%	-9.83%	65.99%	1380.76%	-91.15%	17.24%	Upgrade
Dividend Per Share	3536.000	3536.000	3536.000	3120.000	260.000	1168.000	Upgrade
Dividend Growth	0%	0%	13.33%	1100.00%	-77.74%	6.96%	Upgrade
Effective Tax Rate	25.76%	23.72%	28.20%	29.68%	-	28.21%	Upgrade

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