Grupo Supervielle S.A. ( (SUPV) ) has released its Q3 earnings. Here is a breakdown of the information Grupo Supervielle S.A. presented to its investors.
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Grupo Supervielle S.A. is a prominent financial services group based in Argentina, offering a diverse range of services through its multiple subsidiaries, including banking, insurance, and asset management. In its latest earnings report for the third quarter of 2024, the company highlighted a net income of AR$8.9 billion with a return on average equity (ROAE) of 4.9%. Despite a decrease in net financial income and profitability compared to previous quarters, the company reported a robust year-to-date net income of AR$89.8 billion and a ROAE of 16.4%. The earnings report underscored several key financial metrics, including a 15% sequential growth in the loan book, driven by strong credit demand and strategic credit expansion. The company’s net interest margin adjusted to 25%, with fee income showing a sequential increase of 28%. Additionally, the non-performing loan ratio remained low at 0.8%, illustrating effective risk management. Looking forward, Grupo Supervielle’s management remains optimistic, projecting a full-year ROE guidance of 15% and anticipating continued growth opportunities in Argentina’s recovering financial sector, supported by easing inflation and favorable economic conditions.
