Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 10.56 7.61 7.47 7.56
Price to Sales 314.42 302.87 257.10 241.71
Book Value Per Common Share 29.48 25.98 22.60 19.80
Price to Book 1.48 1.14 1.21 1.33
Price to Operating Cash Flow 9.12 6.44 6.73 11.64
Price to Free Cash Flow 9.25 6.57 6.97 12.31
Enterprise Value to EBITDA 39116.50 28736.88 44622.93 47277.70
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Price to Earnings 34.17 28.71 35.39 31.25 29.05 23.28 32.16
Price to Sales 14.66 13.07 914.61 12.39 1150.00 1022.87 1063.88
Book Value Per Common Share 33.27 31.88 30.38 29.48 28.48 26.56 25.98 23.36 22.60 20.48 19.80
Price to Book 1.47 1.48 1.34 1.48 1.20 1.04 1.14 0.98 1.21 1.37 1.33
Price to Operating Cash Flow 10.77 -18.66 22.92 19.25 17.73 17.48 38.29
Price to Free Cash Flow 10.82 -18.52 23.28 19.40 17.82 17.73 38.50
Enterprise Value to EBITDA 141453.28 102993.66 100880.47 216119.26

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 6.17 6.28 5.48
Revenue YoY 39.52 -10.74 -1.15
EBITDA YoY 7.88 59.84 12.36
Net Profit YoY 4.39 3.25 6.47
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Earning YoY -12.80 42.61 5.50 14.74 -3.06 12.64
Revenue YoY -7.43 7985.68 -98.37 11190.54 3.40 -14.55
EBITDA YoY 15.66 71.30
Net Profit YoY -12.74 42.19 6.35 13.76 -6.81 12.94

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 17.99 19.08 10.92 23.53
Quick Ratio
Current Ratio
Debt to Equity 7.98 8.86 9.22 8.89
Long-Term Debt to Equity
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Cash Per Common Share 21.05 18.00 18.07 19.36 12.06 10.85 17.97 23.56
Quick Ratio
Current Ratio
Debt to Equity 7.61 8.16 8.04 7.98 8.27 8.63 8.86 9.30 9.22 8.62 8.89
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 1.56 1.54 1.57 1.78
ROE 14.02 15.19 16.08 17.56
Gross Margin -73.04 -207.12
Operating Margin 8017.04 10179.74 5555.24 4944.34
EBITDA Margin 8035.44 10392.28 5803.13 5105.22
Net Profit Margin 2979.87 3982.65 3442.88 3196.37
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
ROA 0.50 0.56 0.42 0.41 0.37 0.42 0.44
ROE 4.31 5.16 3.79 3.84 3.59 4.28 4.24
Gross Margin -203.80 -162.96 54.04
Operating Margin 6481.88 11061.73 9886.81 4773.09
EBITDA Margin 6485.46 11075.72 9902.13 4939.64
Net Profit Margin 43.01 45.63 2594.63 39.75 3944.86 4377.45 3312.00

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Dividend Yield 0.00 0.00 0.00
Dividend Payout Ratio 10.05 8.20 11.44

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 2,654,017.00 2,578,507.00 2,444,948.00 2,033,713.00
   Deposits 3,354,071.00 3,222,216.00 3,149,756.00 3,226,342.00
      Cash and Short-Term Investments 180,438.00 194,776.00 114,793.00 244,818.00
            Cash and Cash Equivalents 180,438.00 194,776.00 114,793.00 244,818.00
            Short-Term Investments 0 0 0 0
      Net Receivables 12,691.00 13,582.00 13,403.00 9,586.00
      Inventory 0 0 0 0
      Other Current Assets 0 0 0 0
      Property, Plant, Equipment Net 23,378.00 24,767.00 25,602.00 25,163.00
      Goodwill 1,516.00 1,500.00 1,500.00 1,500.00
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 14,106.00 12,552.00 12,345.00 10,040.00
      Other Non-Current Assets 0 0 0 0
Liabilities 2,358,434.00 2,317,077.00 2,205,721.00 1,827,984.00
      Payables and Expenses 0 0 0 0
            Account Payables 0 0 0 0
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 0 0 0 0
      Other Current Liabilities 0 0 0 0
      Long-Term Debt 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0
Equity 295,583.00 261,430.00 239,227.00 205,729.00
   Shareholders Equity 295,583.00 261,430.00 239,227.00 205,729.00
      Capital Stock 103,936.00 100,426.00 97,204.00 94,003.00
      Share Premium 0 0 0 0
      Retained Earnings 227,331.00 191,108.00 156,958.00 123,037.00
      Treasury Shares -33,577.00 -27,367.00 -11,675.00 -11,633.00
      Accumulated Other Comprehensive Income -2,107.00 -2,737.00 -3,260.00 322.00
   Minority Interest 0 0 0 0
Investments 154,878.00 143,491.00 140,946.00 79,322.00
Debt 10,310.00 10,310.00 10,310.00 10,310.00
Common Shares Outstanding 10,026.00 10,063.00 10,584.00 10,391.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 1,391.00 997.00 1,117.00 1,130.00
Cost Of Revenue 2,407.00 3,062.00 0 0
Interest Income 163,120.00 150,837.00 105,546.00 86,109.00
Interest Expense 57,127.00 48,497.00 10,631.00 7,741.00
Net Interest 98,611.00 94,997.00 90,108.00 77,039.00
Non-Interest Income 8,469.00 8,142.00 8,045.00 12,054.00
Non-Interest Expense -48,741.00 -46,976.00 -42,573.00 -40,782.00
Provisions for Credit Losses 2,407.00 1,832.00 0 0
Gross Profit -1,016.00 -2,065.00 0 0
   Selling, General and Administrative Expenses 9,951.00 9,080.00 8,424.00 8,384.00
EBT 54,390.00 52,995.00 51,421.00 48,130.00
Income Tax 12,940.00 13,288.00 12,964.00 12,011.00
Net Income 41,450.00 39,707.00 38,457.00 36,119.00
EBIT 111,517.00 101,492.00 62,052.00 55,871.00
Deprecation and Amortization 256.00 2,119.00 2,769.00 1,818.00
EBITDA 111,773.00 103,611.00 64,821.00 57,689.00
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 10,031.00 10,207.00 10,508.00 10,403.00
Average Shares Outstanding Diluted 10,202.00 10,338.00 10,705.00 10,546.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 47,987.00 46,909.00 42,669.00 23,454.00
   Operating Net Income 41,450.00 39,707.00 38,457.00 36,119.00
   Deprecation and Amortization -256.00 2,119.00 2,769.00 1,818.00
   Deferred Income Tax -1,747.00 -87.00 -1,205.00 -1,456.00
   Share Based Compensation 1,823.00 1,751.00 1,681.00 1,617.00
   Change in Working Capital 2,987.00 4,438.00 1,210.00 1,753.00
   Other Operating Activities 3,730.00 -1,019.00 -243.00 -16,397.00
Investing Cash Flow -92,813.00 -57,847.00 -541,283.00 -31,440.00
   Capital Expenditure -693.00 -955.00 -1,482.00 -1,269.00
   Net Purchase/Sale of PPE -693.00 -955.00 -1,482.00 -1,249.00
   Net Purchase/Sale of Investments Net -9,823.00 3,410.00 -68,783.00 -31,062.00
   Net Purchase/Sale of Business 785.00 2,166.00 0 53.00
   Net Loan & Lease Activity -89,890.00 -69,177.00 -497,927.00 -80,029.00
   Other Investing Activities 7,501.00 7,664.00 28,391.00 82,116.00
Financing Cash Flow 30,488.00 90,921.00 368,589.00 33,493.00
   Net Issuance/Repayment of Debt -135,934.00 -26,562.00 343,000.00 -160,000.00
   Net Issuance/Repurchase of Equity 6,210.00 15,692.00 42.00 4,821.00
   Dividends Paid 5,021.00 4,721.00 4,373.00 3,617.00
   Other Financing Activities 155,191.00 97,070.00 21,174.00 185,055.00
Net Change in Cash -14,338.00 79,983.00 -130,025.00 25,507.00
   Cash at Beginning of Period 194,776.00 114,793.00 244,818.00 219,311.00
   Cash at End of Period 180,438.00 194,776.00 114,793.00 244,818.00
Free Cash Flow 47,294.00 45,954.00 41,187.00 22,185.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Assets 2,876,365.00 2,928,523.00 2,767,943.00 2,654,017.00 2,635,319.00 2,568,088.00 2,578,507.00 2,475,851.00 2,444,948.00 2,067,692.00 2,033,713.00
   Deposits 0 0 3,472,757.00 3,354,071.00 0 3,686,785.00 3,222,216.00 3,450,050.00 3,149,756.00 3,261,413.00 3,226,342.00
      Cash and Short-Term Investments 0 0 211,593.00 180,438.00 0 182,986.00 194,776.00 127,087.00 114,793.00 187,726.00 244,818.00
            Cash and Cash Equivalents 203,486.00 293,733.00 211,593.00 180,438.00 194,501.00 182,986.00 194,776.00 127,087.00 114,793.00 187,726.00 244,818.00
            Short-Term Investments 82,063.00 12,107.00 0 0 97,651.00 0 0 0 0 0 0
      Net Receivables 13,288.00 12,411.00 12,998.00 12,691.00 12,913.00 13,165.00 13,582.00 14,314.00 13,403.00 9,568.00 9,586.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 0 0 0 0 0 0 0 0 0 0 0
      Property, Plant, Equipment Net 18,439.00 18,561.00 18,715.00 23,378.00 18,857.00 19,281.00 24,767.00 25,268.00 25,602.00 24,993.00 25,163.00
      Real Estate 0 0 0 0 0 0 0 176.00 0 0 0
      Goodwill 1,516.00 1,516.00 1,516.00 1,516.00 1,516.00 0 1,500.00 0 1,500.00 0 1,500.00
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 131,252.00 139,348.00 0 0 143,712.00 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 14,627.00 14,106.00 0 12,681.00 12,552.00 12,360.00 12,345.00 9,928.00 10,040.00
      Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0
Liabilities 2,542,342.00 2,608,683.00 2,461,801.00 2,358,434.00 2,351,062.00 2,301,327.00 2,317,077.00 2,235,392.00 2,205,721.00 1,852,764.00 1,827,984.00
      Payables and Expenses 1,790.00 1,463.00 0 0 1,765.00 0 0 0 0 0 0
            Account Payables 1,790.00 1,463.00 0 0 1,765.00 0 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0 0
      Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Debt 242,017.00 387,417.00 0 0 277,108.00 0 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Equity 334,023.00 319,840.00 306,142.00 295,583.00 284,257.00 266,761.00 261,430.00 240,459.00 239,227.00 214,928.00 205,729.00
   Shareholders Equity 334,023.00 319,840.00 306,142.00 295,583.00 284,257.00 266,761.00 261,430.00 240,459.00 239,227.00 214,928.00 205,729.00
      Capital Stock 105,320.00 104,674.00 104,033.00 103,936.00 102,886.00 101,676.00 100,426.00 98,197.00 97,204.00 94,853.00 94,003.00
      Share Premium 0 0 0 0 0 0 0 0 0 0 0
      Retained Earnings 265,491.00 252,606.00 237,518.00 227,331.00 217,141.00 199,380.00 191,108.00 165,335.00 156,958.00 131,100.00 123,037.00
      Treasury Shares 35,515.00 35,515.00 -33,577.00 -33,577.00 33,566.00 -31,443.00 -27,367.00 -19,894.00 -11,675.00 -11,633.00 -11,633.00
      Accumulated Other Comprehensive Income -1,273.00 -1,925.00 -1,832.00 -2,107.00 -2,204.00 -2,852.00 -2,737.00 -3,179.00 -3,260.00 608.00 322.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 152,799.00 154,878.00 0 146,633.00 143,491.00 146,591.00 140,946.00 116,254.00 79,322.00
Debt 242,017.00 387,417.00 10,310.00 10,310.00 277,108.00 10,310.00 10,310.00 10,310.00 10,310.00 10,310.00 10,310.00
Net Debt 38,531.00 93,684.00 0 0 82,607.00 0 0 0 0 0 0
Common Shares Outstanding 10,041.00 10,032.00 10,076.00 10,026.00 9,980.00 10,044.00 10,063.00 10,292.00 10,584.00 10,493.00 10,391.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
Revenues 33,459.00 36,143.00 447.00 27,436.00 243.00 235.00 275.00
Cost Of Revenue 0 0 1,358.00 0 639.00 108.00 0
Interest Income 44,361.00 42,600.00 42,605.00 39,550.00 39,804.00 35,111.00 21,777.00
Interest Expense 14,505.00 14,043.00 13,550.00 14,694.00 14,096.00 9,443.00 1,215.00
Net Interest 0 0 27,251.00 0 23,841.00 23,910.00 19,904.00
Non-Interest Income 0 0 2,101.00 0 1,718.00 1,417.00 2,239.00
Non-Interest Expense 13,264.00 12,754.00 -12,611.00 11,789.00 -12,132.00 -11,428.00 -10,410.00
Provisions for Credit Losses 0 0 1,358.00 0 641.00 108.00 0
Gross Profit 0 0 -911.00 0 -396.00 127.00 0
   Selling, General and Administrative Expenses 9,469.00 9,194.00 2,621.00 8,216.00 2,140.00 2,261.00 2,199.00
EBT 18,866.00 21,528.00 15,424.00 14,567.00 12,784.00 13,791.00 11,911.00
Income Tax 4,476.00 5,037.00 3,826.00 3,662.00 3,198.00 3,504.00 2,803.00
Net Income Including Non-Controlling Interests 14,390.00 16,491.00 0 10,905.00 0 0 0
Net Income 14,390.00 16,491.00 11,598.00 10,905.00 9,586.00 10,287.00 9,108.00
EBIT 0 0 28,974.00 0 26,880.00 23,234.00 13,126.00
Deprecation and Amortization 727.00 295.00 16.00 993.00 34.00 36.00 458.00
EBITDA 0 0 28,990.00 0 26,914.00 23,270.00 13,584.00
EPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 10,036.00 10,033.00 10,054.00 9,978.00 10,127.00 10,538.00 10,446.00
Average Shares Outstanding Diluted 10,233.00 10,212.00 10,247.00 10,148.00 10,276.00 10,686.00 10,664.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow 45,540.00 -25,320.00 17,854.00 17,654.00 15,762.00 13,750.00 7,633.00
   Operating Net Income 14,395.00 16,491.00 11,598.00 10,905.00 9,586.00 10,287.00 9,108.00
   Deprecation and Amortization 727.00 295.00 -16.00 993.00 34.00 36.00 458.00
   Deferred Income Tax -446.00 -121.00 -598.00 -1,498.00 -87.00 91.00 -63.00
   Share Based Compensation 536.00 536.00 493.00 455.00 476.00 417.00 394.00
   Change in Working Capital 30,763.00 -37,899.00 4,782.00 6,605.00 5,205.00 4,359.00 12,114.00
   Other Operating Activities -435.00 -4,622.00 1,595.00 194.00 548.00 -1,440.00 -14,378.00
Investing Cash Flow -69,112.00 -35,084.00 -82,766.00 -46,503.00 -3,025.00 -19,945.00 -76,424.00
   Capital Expenditure 0 0 -279.00 0 -78.00 -195.00 -41.00
   Net Purchase/Sale of PPE -214.00 -187.00 -279.00 -139.00 -78.00 -195.00 -41.00
   Net Purchase/Sale of Investments Net 10,274.00 8,434.00 2,591.00 3,306.00 -3,025.00 1,513.00 -38,571.00
   Net Purchase/Sale of Business 0 0 0 0 91.00 1,269.00 0
   Net Loan & Lease Activity -89,890.00 -69,177.00 -497,927.00 -80,029.00
   Other Investing Activities -79,172.00 -43,331.00 345.00 -49,670.00 2,770.00 4,002.00 18,690.00
Financing Cash Flow -66,675.00 142,544.00 96,067.00 25,932.00 -24,527.00 18,489.00 11,699.00
   Net Issuance/Repayment of Debt -145,400.00 133,815.00 22,788.00 -8,000.00 -57,041.00 -9,000.00 0
   Net Issuance/Repurchase of Equity 0 -1,938.00 0 -281.00 4,076.00 8,973.00 639.00
   Dividends Paid -1,446.00 -1,352.00 1,355.00 -1,248.00 1,261.00 1,215.00 1,008.00
   Other Financing Activities 80,171.00 12,019.00 71,924.00 35,461.00 27,177.00 17,301.00 10,052.00
Net Change in Cash -90,247.00 82,140.00 31,155.00 -2,917.00 -11,790.00 12,294.00 -57,092.00
   Cash at Beginning of Period 293,733.00 211,593.00 180,438.00 197,418.00 194,776.00 114,793.00 244,818.00
   Cash at End of Period 203,486.00 293,733.00 211,593.00 194,501.00 182,986.00 127,087.00 187,726.00
Free Cash Flow 45,326.00 -25,507.00 17,575.00 17,515.00 15,684.00 13,555.00 7,592.00