Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Grupo Financiero Banorte SAB de CV Class O (GBOOF)
:GBOOF
Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.26Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 18, 2018
|% Change Since: 0.14%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong loan growth and high return on equity, alongside improvements in capital adequacy and recognition as Bank of the Year. However, these were offset by a decline in net income, increased expenses, currency depreciation, and challenges in the digital strategy, indicating a balance of positive and negative aspects.Company Guidance
In the recent earnings call for Grupo Financiero Banorte, the company outlined its financial guidance for 2025, projecting a GDP growth of 1% amidst challenging economic conditions. The bank anticipates a decline in headline inflation to 4% by year-end, following a reduction in the Mexican Central Bank's reference rate to 8.5%. The return on equity (ROE) for the bank is expected to range from 28% to 30%, while the return on assets (ROA) is projected to be between 2.2% and 2.4%. Banorte also aims for a loan growth rate of 8% to 11%, with a net interest margin for the bank estimated at 6.4% to 6.6%. The cost of risk is forecasted to be between 1.8% and 2%, reflecting prudent risk management practices. The company plans to maintain a CET1 ratio between 13% and 13.5%, ensuring a solid capital base. These metrics underscore Banorte's strategic focus on navigating a volatile macroeconomic landscape while optimizing its financial performance.Strong Loan Growth
Loan expansion continues to post double-digit growth across most portfolios. The corporate and commercial books grew 24% and 18% year-on-year, respectively. Consumer lending maintained a growth of 11% for the year.
High Return on Equity
Reported a return on equity (ROE) of 21.6% for the group, and 27.8% for the bank in the fourth quarter.
Improved Capital Adequacy
Capital adequacy ratio ended the year at 21.8% with a CET1 ratio of 13.2%.
Recognition as Bank of the Year
Banorte was recognized as Bank of the Year in Mexico by The Banker, highlighting digital banking transformation.
ESG and Sustainability Initiatives
Over 70% of funds from sustainable bond issuance allocated, along with a commitment to plant 1 million trees by 2030.
---
Grupo Financiero Banorte SAB de CV (GBOOF) Earnings, Revenues Date & History
GBOOF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
GBOOF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 28, 2025 | $7.19 | $7.34 | +2.09% |
| Oct 29, 2024 | $6.83 | $6.70 | -1.90% |
| Jul 23, 2024 | $8.14 | $7.99 | -1.84% |
| Apr 16, 2024 | $9.40 | $9.55 | +1.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Grupo Financiero Banorte SAB de CV Class O (GBOOF) report earnings?
Grupo Financiero Banorte SAB de CV Class O (GBOOF) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is Grupo Financiero Banorte SAB de CV Class O (GBOOF) earnings time?
Grupo Financiero Banorte SAB de CV Class O (GBOOF) earnings time is at Jan 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GBOOF EPS forecast?
Currently, no data Available
---