Supplemental Financial Information
▸ Income Statement
Var.
Ps$ MM
3Q19
2Q20
3Q20
YOY
QoQ
Interest Income
Interest Expense
$5,943
$5,124
$4,692
-21.0%
-8.4%
($2,804)
($2,239) ($2,061)
-26.5%
-7.9%
Financial Margin
$3,139
$2,885
$2,631
-16.2%
-8.8%
■ Net Fees & Commissions
$456
$443
$480
5.3%
8.4%
☐
Trading Income
$155
$60
$148
-4.5%
146.7%
■ Other Operating Income / (Expense) *
($2)
$22
$12
-700.0%
-45.5%
Non Interest Income
$609
$525
$640
5.1%
21.9%
Total Revenues
$3,748
$3,410
$3,271
-12.7%
-4.1%
Allowance for Loan Losses*
($227)
($963)
($835)
267.8%
-13.3%
Operating Expenses
($1,631)
($1,591) ($1,535)
-5.9%
-3.5%
Equity in income of unconsolidated
$1
$9
-100.0%
-100.0%
subsidiaries
Income Before Taxes
$1,891
$865
$901
-52.4%
4.2%
Taxes
($502)
($160)
($142)
-71.7%
-11.3%
Net Income
$1,389
$705
$759
-45.4%
7.7%
Effective Tax Rate
26.5%
18.5%
15.8%
* Adjustment in 3Q19 in accordance with an accounting principle effective January 2020, where recoveries are net of allowance for loans losses
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