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Q1: 2026-04-22 Earnings Summary
EPS of $1.62 misses by $0.06
|
Revenue of
$2.51B
(21.42% Y/Y)
beats by $56.02M
Grupo Financiero Banorte, S.A.B. de C.V. (GBOOY) Q1 2026 Earnings Call April 22, 2026 11:00 AM EDT
Company Participants
Tomás Lozano - Executive Director of Corp. Dev., Fin. Planning, IR and Sustainability
José Marcos Ramírez Miguel - CEO & Proprietary Board Member
Rafael Victorio Arana de la Garza - Chief Financial & Operational Officer
Gerardo Salazar Viezca - Chief Risk Management & Credit Officer
Alejandro Padilla
Conference Call Participants
Ernesto María Gabilondo Márquez - BofA Securities, Research Division
Daer Labarta - Goldman Sachs Group, Inc., Research Division
Yuri Fernandes - JPMorgan Chase & Co, Research Division
Ricardo Buchpiguel - Banco BTG Pactual S.A., Research Division
Pablo Ordóñez Peniche - GBM Grupo Bursátil Mexicano, S.A. de C.V. Casa de Bolsa, Research Division
Brian Flores - Citigroup Inc., Research Division
Renato Meloni - Bernstein Autonomous LLP
Andres Soto - Santander Investment Securities Inc., Research Division
Marcelo Mizrahi - Banco Bradesco BBI S.A., Research Division
Carlos Gomez-Lopez - HSBC Global Investment Research
Edson Murguia
Natalia Corfield de Melo Monteiro
Presentation
Tomás Lozano
Executive Director of Corp. Dev., Fin. Planning, IR and Sustainability
Good morning, everyone. This is Tomas Lozano, Head of Investor Relations, Corporate Development, Financial Planning and ESG. Welcome to Grupo Financiero Banorte First Quarter Earnings Call for 2026.
I would like to start off by thanking our investors for your valuable feedback on how to improve our disclosures, including our sustainability performance. At the end of February, we launched our 2025 integrated annual report together with our first report on nature and biodiversity risks and opportunities following the TNFD guidance. Both reports are already available on our web page.
We'll begin today's call with remarks from our CEO, Marco Ramirez, who will present the main results of the quarter, highlighting the strength of our core business metrics despite a volatile macro environment. Then Rafael Arana, our COO, will go over financial highlights for the group, providing details on the margin evolution and
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