Grupo Financiero Galicia S.A. (GGAL) Income Statement Analysis

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Complete financial analysis of Grupo Financiero Galicia S.A. (GGAL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Grupo Financiero Galicia S.A., a leading company in the Banks – Regional industry within the Financial Services sector.

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Grupo Financiero Galicia S.A. (GGAL)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.gfgsa.com

About Grupo Financiero Galicia S.A.

Grupo Financiero Galicia S.A., a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. The company's products and services cover savings, current, and checking accounts; personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services. It also offers financing products and services; consumer finance services; electronic check; global custody services; Fima funds; financial and stock market services to individuals, companies, and financial institutions; foreign trade services; and capital market and investment banking products that include debt securities, short-term securities, bills, and financial trusts. In addition, the company provides robbery, personal accident, life collective, home, life, integral pyme, pet, surety, various risks, and technical insurance products. Further, it offers private banking services to high net worth individuals; and operates digital investment platform. As of December 31, 2021, it had 312 full service banking branches; and 1,991 ATMs and self-service terminals. Grupo Financiero Galicia S.A. was founded in 1905 and is based in Buenos Aires, Argentina.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	3,350.56B	2,151.33B	1,763.97B	597.96B	200.75B	112.10B	106.11B	24.45B	18.44B	13.07B	9.49B
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
Gross Profit	3,350.56B	2,151.33B	1,763.97B	597.96B	200.75B	112.10B	106.11B	24.45B	18.44B	13.07B	9.49B
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%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	547.75B	498.68B	478.78B	157.04B	18.05B	14.14B	12.14B	2.33B	1.67B	1.11B	843.38M
Selling & Marketing	15.01B	13.29B	14.01B	4.71B	2.96B	1.97B	1.90B	749.27M	544.60M	413.93M	382.95M
SG&A	562.05B	511.98B	492.79B	161.75B	61.32B	46.11B	43.68B	13.52B	9.86B	7.19B	5.89B
Other Expenses	2,788.51B	-851.32B	-482.26B	-100.03B	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	3,350.56B	1,910.13B	465.66B	208.97B	150.27B	106.91B	83.16B	14.68B	10.94B	7.51B	6.23B
Cost & Expenses	2,742.85B	1,910.13B	465.66B	208.97B	150.27B	106.91B	83.16B	14.68B	10.94B	7.51B	6.23B
Interest Income	4,754.29B	2,232.47B	1,760.17B	492.14B	268.18B	163.93B	84.14B	29.17B	20.33B	16.31B	11.54B
Interest Expense	3,030.01B	1,761.08B	1,100.51B	267.75B	197.38B	94.05B	38.18B	16.94B	11.02B	8.55B	4.99B
Depreciation & Amortization	83.73B	86.81B	87.94B	24.36B	-50.64B	-4.85B	-22.46B	-10.03B	-7.92B	-5.51B	-3.23B
EBITDA	0.00	-59.29B	-73.47B	-16.21B	53.59B	-8.31B	14.36B	-10.33B	-8.13B	-5.68B	-3.38B
EBITDA Ratio	0.00%	0.17%	-0.01%	-0.18%	-0.16%	0.80%	-0.24%	-2.70%	-4.21%	-1.38%	-1.80%
Operating Income	496.81B	216.64B	97.28B	71.40B	50.64B	4.85B	22.46B	10.03B	7.92B	5.51B	3.23B
Operating Income Ratio	14.83%	10.07%	5.51%	11.94%	25.22%	4.33%	21.16%	41.02%	42.92%	42.17%	33.99%
Total Other Income/Expenses	46.20B	3.67B	-115.12M	-534.82M	-10.95B	340.95M	494.08M	-256.27M	-411.11M	49.36M	37.69M
Income Before Tax	543.01B	204.10B	288.14B	136.13B	50.48B	5.19B	22.95B	9.77B	7.50B	5.56B	3.26B
Income Before Tax Ratio	16.21%	9.49%	16.33%	22.76%	25.14%	4.63%	21.63%	39.97%	40.69%	42.54%	34.39%
Income Tax Expense	205.84B	52.84B	99.52B	61.11B	20.56B	10.63B	11.26B	3.35B	2.80B	1.99B	1.23B
Net Income	337.17B	151.26B	188.62B	74.01B	29.77B	-4.88B	10.95B	6.02B	4.34B	3.34B	1.82B
Net Income Ratio	10.06%	7.03%	10.69%	12.38%	14.83%	-4.36%	10.32%	24.61%	23.52%	25.54%	19.21%
EPS	228.64	1.03K	1.28K	179.20	208.60	-34.30	82.10	46.30	33.40	25.70	14.50
EPS Diluted	228.64	1.03K	1.28K	179.20	208.60	-34.20	82.10	46.30	33.40	25.70	14.50
Weighted Avg Shares Out	1.47B	147.47M	147.47M	147.54M	142.70M	142.54M	133.30M	130.03M	130.03M	130.03M	126.12M
Weighted Avg Shares Out (Dil)	1.47B	147.47M	147.47M	147.54M	142.68M	142.68M	133.26M	130.03M	130.03M	130.03M	126.12M

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