Grupo Financiero Banorte SAB de CV Class O (GBOOF)
OTHER OTC:GBOOF
Earnings Data
Report Date
Apr 21, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.32Last Year’s EPS
0.31Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly constructive operational and financial picture: solid profitability (quarterly and annual net income growth), robust capital and liquidity, diversified revenue momentum (strong fees and consumer lending), and disciplined asset quality metrics. Near-term negatives were mainly one-time or transitional — acquisition accounting impacts from Tarjetas del Futuro, an FX hit (~MXN 2.1 billion), integration-related expense dynamics and a declining coverage ratio — and management provided explanations, remediation plans and 2026 guidance that imply normalization. The company set conservative yet achievable 2026 targets (loan growth, NIM, ROE, cost of risk) and emphasized digital/AI investments and cross-sell opportunities to offset competitive pressures.Company Guidance
Strong Profitability and Returns
Reported net income for the quarter of MXN 15.9 billion (up 22% sequentially) and full-year net income of MXN 58.8 billion (up 5% YoY). Group ROE for the year was 22.8% (up 36 bps YoY) and quarterly ROE reached 24.2% (up 411 bps QoQ). Management targets recurring group ROE of ~22%–24% for 2026.
Robust Capital and Liquidity Positions
Capital adequacy (TLAC) ratio of 20.1%, comfortably above the 18.34% requirement; CET1 of 12.6% (aligned with management targets). Holding company has ~MXN 10–11 billion available for organic growth. Liquidity ratio reported around 162, indicating a comfortable liquidity position.
Healthy Franchise and Loan Growth
Loan portfolio expanded 8% YoY (9% ex-government). Consumer lending led growth at +12% YoY; auto loans +32% YoY; credit cards +14% YoY; mortgages +7% YoY; payroll loans +11% YoY. Guidance for 2026: total loan growth 8%–11% (10%–12% ex-government).
Margin and NII Resilience
Net interest margin and NII held up despite rate cuts: group NIM ~6.3% (bank NIM mid-to-high 6%s). Management reported NII growth of ~6% for the year and strong lending-driven NII performance; 2026 NIM guidance: group 6.2%–6.5%, bank 6.4%–6.8%.
Fee Income and Non-Interest Revenue Momentum
Net fees and non-interest income showed strong momentum (management cited net fees growth ~22% YoY and sequential fee growth of ~20%). Fee strength driven by increased transaction volumes, consumer products and mutual funds, and digital initiatives.
Disciplined Asset Quality
NPL ratio at 1.4% year-end and cost of risk around 1.8% for the year (management expects cost of risk 1.8%–2.1% in 2026). Early-stage delinquencies and vintage performance cited as improving.
Achievement on Strategic M&A and Digital Expansion
Completed acquisition and integration of Tarjetas del Futuro (recognized as discontinued operation at group level then integrated into Banorte) to broaden product platform and cross-sell capabilities; continued investment in digital, AI and hyper-personalization to capture customers and lower funding sensitivity.
ESG and Sustainability Progress
Exceeded 2025 tree-planting target with over 240,000 trees planted toward 1 million by 2030; obtained EDGE certification for first 48 branches; installed EV chargers in corporate buildings; >30% of energy use from sustainable sources; 23% of auto loans were hybrid/electric.
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 27, 2026 | $11.13 | $11.99 | +7.82% |
Nov 04, 2025 | $9.06 | $8.94 | -1.32% |
Jul 22, 2025 | $8.49 | $8.88 | +4.59% |
Apr 22, 2025 | $7.21 | $7.78 | +7.91% |
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 Apr 21, 2026, After Close (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 Apr 21, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What is GBOOF EPS forecast?
GBOOF EPS forecast for the fiscal quarter 2026 (Q1) is 0.32.