Grupo Financiero Banorte SAB de CV Class O ( (GBOOF) ) has released its Q2 earnings. Here is a breakdown of the information Grupo Financiero Banorte SAB de CV Class O presented to its investors.
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Grupo Financiero Banorte SAB de CV Class O is a leading financial services group in Mexico, offering a wide range of banking, insurance, and investment products. In its latest earnings report for the second quarter of 2025, Banorte demonstrated strong financial performance amidst a challenging macroeconomic environment. The company reported a net income of Ps 14.62 billion, marking a 4% increase compared to the same quarter last year, although it saw a 4% decline from the previous quarter. Key financial metrics highlighted include a Group ROE of 23.6% and a Bank ROE of 30.2%, reflecting the company’s robust profitability. Banorte’s net interest income saw a 12% year-over-year increase, driven by higher loan origination and a diversified loan mix. The company’s non-performing loan ratio remained low at 1.1%, indicating strong asset quality. Looking forward, Banorte remains focused on maintaining its solid capitalization and liquidity levels, with a Capital Adequacy Ratio of 21.72% and a Liquidity Coverage Ratio of 174.08%. The management’s outlook suggests continued emphasis on leveraging existing relationships and expanding value propositions to sustain growth.