Complete financial analysis of Grupo Financiero Banorte, S.A.B. de C.V. (GFNORTEO.MX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Grupo Financiero Banorte, S.A.B. de C.V., a leading company in the Banks – Regional industry within the Financial Services sector.
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Grupo Financiero Banorte, S.A.B. de C.V. (GFNORTEO.MX)
About Grupo Financiero Banorte, S.A.B. de C.V.
Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico. The company offers payroll accounts and credit cards; car, mortgage, payroll, and personal credit banorte; and savings and investment products. It also provides insurance products, including life, home, auto, health, savings, credit card, mobile equipment, and mortgage credit insurance; foreign exchange services; and online and mobile banking services. The company operates through a network of approximately 1,151 branches, 9,668 ATMs, and 154,443 point of sale terminals. Grupo Financiero Banorte, S.A.B. de C.V. was founded in 1899 and is based in Mexico City, Mexico.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 196.70B | 179.54B | 160.97B | 143.66B | 138.05B | 129.90B | 110.53B | 90.22B | 85.62B | 82.93B | 75.42B | 66.33B | 42.01B | 33.85B | 32.36B | 30.99B | 25.28B | 22.29B | 20.22B |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 196.70B | 179.54B | 160.97B | 143.66B | 138.05B | 129.90B | 110.53B | 90.22B | 85.62B | 82.93B | 75.42B | 66.33B | 42.01B | 33.85B | 32.36B | 30.99B | 25.28B | 22.29B | 20.22B |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 11.52B | 10.83B | 12.19B | 12.00B | 11.79B | 11.74B | 11.15B | 9.57B | 10.02B | 9.06B | 7.97B | 8.75B | 0.00 | 17.69B | 17.02B | 15.81B | 14.43B | 12.46B | 11.58B |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 11.52B | 10.83B | 12.19B | 12.00B | 11.79B | 11.74B | 11.15B | 9.57B | 10.02B | 9.06B | 7.97B | 8.75B | 0.00 | 17.69B | 17.02B | 15.81B | 14.43B | 12.46B | 11.58B |
| Other Expenses | 98.16B | 94.39B | 93.23B | 70.72B | 62.67B | 0.00 | -3.03B | 736.00M | 0.00 | 0.00 | 0.00 | 0.00 | -41.00M | 581.00M | 872.00M | 2.22B | 1.87B | 201.00M | 1.09B |
| Operating Expenses | 109.68B | 105.22B | 105.42B | 82.73B | 74.46B | 70.98B | 62.88B | 52.68B | 52.65B | 51.84B | 49.78B | 44.54B | 23.41B | 17.69B | 17.02B | 15.81B | 14.43B | 12.46B | 11.58B |
| Cost & Expenses | 109.68B | 105.22B | 105.42B | 82.73B | 74.46B | 70.98B | 62.88B | 52.68B | 52.65B | 51.84B | 49.78B | 44.54B | 23.41B | 17.69B | 17.02B | 15.81B | 14.43B | 12.46B | 11.58B |
| Interest Income | 375.50B | 268.63B | 133.26B | 132.16B | 149.11B | 136.30B | 109.34B | 79.06B | 68.98B | 70.34B | 67.87B | 64.13B | 53.00B | 41.48B | 45.45B | 50.42B | 40.59B | 35.48B | 36.79B |
| Interest Expense | 248.02B | 152.47B | 40.77B | 47.90B | 68.69B | 60.75B | 44.64B | 27.38B | 23.75B | 27.86B | 31.46B | 30.87B | 24.63B | 18.75B | 22.27B | 27.79B | 23.20B | 20.96B | 22.99B |
| Depreciation & Amortization | 4.49B | 4.37B | 2.59B | 2.29B | 2.09B | 2.22B | 1.69B | 1.17B | 1.37B | 1.26B | 1.22B | 1.15B | 1.60B | 1.18B | 954.00M | 1.10B | 980.00M | 888.00M | 988.00M |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | 121.53% | 29.94% | 29.82% | 37.24% | 35.27% | 31.34% | 30.32% | 28.72% | 26.72% | 24.24% | 24.37% | 35.03% | 33.53% | 28.40% | 38.35% | 45.13% | 45.72% | 47.62% |
| Operating Income | 0.00 | 213.84B | 45.60B | 40.56B | 49.32B | 43.59B | 32.96B | 26.19B | 23.21B | 20.90B | 17.06B | 15.02B | 13.12B | 10.17B | 8.24B | 10.79B | 10.43B | 9.30B | 8.64B |
| Operating Income Ratio | 0.00% | 119.10% | 28.33% | 28.23% | 35.73% | 33.56% | 29.82% | 29.02% | 27.11% | 25.20% | 22.62% | 22.64% | 31.23% | 30.04% | 25.45% | 34.80% | 41.25% | 41.73% | 42.74% |
| Total Other Income/Expenses | 70.97B | -151.85B | 491.00M | 389.00M | 509.00M | 456.00M | 252.00M | 25.00M | 240.00M | 225.00M | 771.00M | 1.19B | -26.18B | 10.17B | 7.92B | 9.63B | 10.07B | 9.30B | -419.00M |
| Income Before Tax | 70.97B | 61.99B | 46.10B | 40.95B | 49.83B | 44.05B | 33.21B | 26.21B | 23.45B | 21.12B | 17.83B | 16.20B | 13.12B | 9.85B | 7.92B | 10.51B | 10.07B | 8.51B | 8.22B |
| Income Before Tax Ratio | 36.08% | 34.53% | 28.64% | 28.50% | 36.10% | 33.91% | 30.05% | 29.05% | 27.39% | 25.47% | 23.65% | 24.43% | 31.23% | 29.09% | 24.48% | 33.91% | 39.84% | 38.16% | 40.67% |
| Income Tax Expense | 17.83B | 15.96B | 10.56B | 10.05B | 12.80B | 11.64B | 9.05B | 6.88B | 6.11B | 5.67B | 3.56B | 4.13B | 3.55B | 2.81B | 2.05B | 3.40B | 3.29B | 3.14B | 2.36B |
| Net Income | 52.42B | 45.41B | 35.05B | 30.51B | 36.53B | 31.96B | 23.91B | 19.31B | 17.11B | 15.23B | 13.51B | 10.89B | 9.57B | 7.36B | 6.19B | 7.39B | 7.14B | 6.17B | 6.29B |
| Net Income Ratio | 26.65% | 25.29% | 21.77% | 21.24% | 26.46% | 24.60% | 21.63% | 21.40% | 19.98% | 18.36% | 17.91% | 16.42% | 22.78% | 21.75% | 19.13% | 23.83% | 28.22% | 27.67% | 31.08% |
| EPS | 18.31 | 16.11 | 12.23 | 10.70 | 12.75 | 11.24 | 8.69 | 7.01 | 6.19 | 5.49 | 5.35 | 4.68 | 4.25 | 3.27 | 3.07 | 3.66 | 3.54 | 3.06 | 9.07 |
| EPS Diluted | 18.31 | 15.96 | 12.15 | 10.58 | 12.69 | 11.09 | 8.62 | 6.96 | 6.17 | 5.49 | 5.35 | 4.68 | 4.25 | 3.27 | 3.07 | 3.66 | 3.54 | 3.06 | 9.07 |
| Weighted Avg Shares Out | 2.86B | 2.86B | 2.87B | 2.85B | 2.87B | 2.84B | 2.75B | 2.75B | 2.76B | 2.77B | 2.53B | 2.33B | 2.25B | 2.25B | 2.02B | 2.02B | 2.02B | 2.02B | 692.67M |
| Weighted Avg Shares Out (Dil) | 2.86B | 2.88B | 2.88B | 2.88B | 2.88B | 2.88B | 2.77B | 2.77B | 2.77B | 2.77B | 2.53B | 2.33B | 2.25B | 2.25B | 2.02B | 2.02B | 2.02B | 2.02B | 692.67M |
Source: https://incomestatements.info
Category: Stock Reports