Grupo Financiero Banorte SAB de CV Class O (GBOOF)
OTHER OTC:GBOOF
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Earnings Data
Report Date
Jul 21, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.32Last Year’s EPS
0.3Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operational performance with resilient core earnings, strong consumer-led loan growth, improving funding and fee momentum, solid capital adequacy at the group level, and clear strategic initiatives (AI and ESG). Notable negatives included a quarter-over-quarter rise in provisions and cost of risk driven largely by model recalibrations and prudential provisioning, some volatility from non-recurring items (credit bureau sale) and mark-to-market impacts in insurance and brokerage, and a temporary CET1 timing/regulatory effect. Management reiterated guidance, expects temporary provisioning and capital effects to normalize, and highlighted upside from consumer momentum and potential USMCA-driven corporate activity.Company Guidance
Strong Quarter Net Income
Group net income of MXN 15.5 billion, up 1% year-over-year; Bank net income MXN 11.7 billion, +6% YoY. Profitability remained resilient with group ROE at 23.9% and ROA at 2.4%; bank ROE reached 30% (up 213 bps YoY).
Solid Lending Growth Led by Consumer
Total loan portfolio grew 6% YoY (8% ex-government). Consumer lending grew 11% YoY and was the main growth driver: auto loans +30% YoY, credit cards +14% YoY, payroll lending +12% YoY, mortgages +6% YoY. Commercial and corporate portfolios also expanded (commercial +6% YoY, corporate +2% YoY).
Net Interest Income and Margin Resilience
NII grew ~10% YoY for loans & deposits (quarterly NII +1% QoQ); bank NIM reported at 6.6%, within guidance and 2 bps ahead of the lower end of guidance. Management highlighted a resilient risk-adjusted margin and expectation of margin stability/possible expansion as funding costs decline.
Improving Funding Mix and Deposit Trends
Noninterest-bearing deposits up 15% YoY; deposit mix remains healthy at approximately 70% demand deposits / 30% time deposits. Time deposits grew ~11% YoY, supporting lower funding cost trends.
Fees and Commercial Momentum
Fees grew 15% YoY driven by higher volumes across consumer and wholesale products; retail achieved record net new account openings and digital account growth contributed to fee expansion.
Capital Strength at Group Level
Group capital adequacy ratio reported at 19.7%, giving financial flexibility to optimize capital and support operations; management expects core Tier 1 to normalize toward targeted range after regulatory timing effects.
Expense Discipline and Efficiency Target
Management reiterated cost control progress with a target efficiency (cost-to-income) near ~34% for 2026, expecting trend improvement toward that goal despite ongoing investments in technology and branches.
ESG and Sustainability Leadership
Published 2025 integrated annual report and inaugural TNFD-aligned nature and biodiversity report; first Mexican bank to disclose under TNFD, demonstrating leadership on sustainability disclosures.
AI Transformation Program
Ambitious AI integration: plan to have ~10,000 employees using AI-level 1/2 tools, build client 'agent per client' personalization, and embed AI across operations to improve productivity, cross-sell and lifetime-value driven strategies.
Shareholder Returns
Proposed cash dividend equivalent to 50% of 2025 net income (MXN 10.45 per share), aligned with shareholder return focus.
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 |
|---|---|---|---|
Apr 21, 2026 | $11.66 | $11.25 | -3.53% |
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% |
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 Jul 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 Jul 21, 2026, After Close (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?
GBOOF EPS forecast for the fiscal quarter 2026 (Q2) is 0.32.