The earnings call presented a mixed picture. While there were positive developments such as strong core banking revenues, ROE increase, and significant growth in consumer lending, the call also highlighted challenges such as a sequential decline in net income and FX impacts. The bank's proactive measures in sustainability and asset quality management were positive, but the decline in net income and challenges in government lending were concerns.

Company Guidance

During Banorte's second quarter earnings call for 2025, CEO Marcos Ramirez provided guidance despite a challenging macroeconomic environment. The Mexican GDP growth forecast for 2025 was set at 0.5%, driven by resilient private consumption. The Mexican Central Bank cut the reference rate by 200 basis points to 8%, and it is expected to reach 7% by year-end. The peso is projected to be at MXN 19.50 per dollar by year-end and MXN 19.20 by 2026. Despite a 4% sequential decline in net income to MXN 14.6 billion, the bank maintained its expense guidance for 2025. Net income for the first half was MXN 29.9 billion, a 6% increase from the previous year. ROE for the quarter rose to 23.6%, and the bank's lending activity showed double-digit growth in consumer, corporate, and commercial portfolios. The NPL ratio stood at 1.1%, with a cost of risk slightly decreasing to 1.7%. The bank also reaffirmed its commitment to anti-money laundering measures, emphasizing a proactive and robust compliance framework.

Strong Core Banking Revenue Performance

Net income for the first half of 2025 increased by 6% compared to the same period last year, driven by strong performance in core banking revenues.

ROE Increase

Return on Equity (ROE) increased 17 basis points in the quarter to 23.6%.

Loan Growth in Consumer Portfolio

Consumer lending grew 12% year-over-year, driven by auto loans which rose 30% and a credit card portfolio increase of 18% year-over-year.

Asset Quality Remains Strong

NPA ratio stood at 1.1%, reflecting the isolated cases in the commercial and corporate books, with most expected to resume payments next quarter.

Sustainability Efforts

Received EDGE certification for the first 8 branches out of the 64 branches planned for this year and began the installation of solar plants in the first 25 branches.

Grupo Financiero Banorte SAB de CV (GBOOF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GBOOF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	0.28 / -	0.27	―	―	―
Jul 22, 2025	2025 (Q2)	0.29 / 0.28	0.261	6.34% (+0.02)
Apr 22, 2025	2025 (Q1)	0.28 / 0.29	0.263	10.31% (+0.03)
Jan 28, 2025	2024 (Q4)	0.26 / 0.26	0.243	7.25% (+0.02)
Oct 29, 2024	2024 (Q3)	0.27 / 0.27	0.246	10.02% (+0.02)
Jul 23, 2024	2024 (Q2)	0.27 / 0.26	0.242	7.64% (+0.02)
Apr 16, 2024	2024 (Q1)	0.26 / 0.26	0.241	9.13% (+0.02)
Jan 17, 2024	2023 (Q4)	0.25 / 0.24	0.215	13.18% (+0.03)
Oct 31, 2023	2023 (Q3)	0.25 / 0.25	0.214	15.00% (+0.03)
Jul 20, 2023	2023 (Q2)	0.25 / 0.24	0.213	13.59% (+0.03)

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
Jul 22, 2025	$8.85	$9.26	+4.63%
Apr 22, 2025	$7.97	$8.60	+7.90%
Jan 28, 2025	$7.19	$7.34	+2.09%
Oct 29, 2024	$6.83	$6.70	-1.90%

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 Oct 28, 2025, 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 Oct 28, 2025, 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 2025 (Q3) is 0.28.

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