)
Visual
test
Grupo Financiero Banorte
Grupo Financiero Banorte (GFNORTEO) investor relations material
Grupo Financiero Banorte Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary28 Jan, 2026
Executive summary
Delivered strong results in a challenging environment, with net income reaching Ps 58.79 billion in 2025, up 5% year-over-year, and 4Q25 net income at Ps 15.87 billion, 16% higher than 4Q24, reflecting robust profitability, operational efficiency, and asset quality.
ROE for the group was 22.8% in 2025, with 4Q25 at 24.2%; bank ROE reached 29.1% for 2025 and 31.5% in 4Q25.
Business diversification and digital expansion contributed to profitability, with strong performances in banking, insurance, mutual funds, and Afore.
Maintains a constructive outlook despite competitive pressures from fintechs and incumbents, focusing on digital transformation, hyper-personalized solutions, and advanced analytics.
Integration and dissolution of Tarjetas del Futuro (TDF) completed, with credit card portfolio transferred and deconsolidation reflected in financials.
Financial highlights
Net interest income for 2025 was Ps 146.58 billion, up 6% year-over-year; 4Q25 NII was Ps 39.14 billion, up 8% year-over-year.
Non-interest income surged 86% year-over-year, driven by fees and market activity; fee income grew 20% quarter-over-quarter and 5% for the year.
Loan portfolio grew 8% year-over-year (9% excluding government), with consumer lending up 12%, mortgages up 7%, auto loans up 32%, and credit cards up 14%.
NPL ratio at year-end was 1.4%; cost of risk at 1.8%, in line with guidance; coverage ratio at 135.1%.
Net interest margin for the group was 6.3% for 2025 and 6.6% in 4Q25; bank NIM at 6.6% for 2025 and 6.8% in 4Q25.
Outlook and guidance
2026 loan growth guidance: 8-11% overall, 10-12% excluding government; net income guidance: MXN 62-64 billion; ROE: group 22%-24%, bank 28%-30%.
Net interest margin guidance: group 6.2%-6.5%, bank 6.4%-6.8%; expense growth expected at 5%-6% recurring, with additional investment in AI and digital.
Cost of risk expected to rise slightly to 1.8%-2.1% due to rapid consumer loan growth.
GDP forecast for 2026: 1.4%-1.8%; inflation: 4.2%-4.6%; reference rate: 6.5%; FX expected at MXN 18 per USD by year-end.
Fee income expected to grow 4-5 percentage points above loan growth.
Quantify deconsolidation's effect on expenses
Assess consumer loan growth vs NPL ratio trend
Explain CAR decrease drivers and TLAC compliance
Banorte's strategy to counter fintech high-yield offers
NPL trends and comfort with declining coverage ratio
Timeline to achieve 34% efficiency ratio target
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- PNDORA
2025 organic growth reached 6%, with EBIT margin at 23.9% and cautious 2026 outlook. - PRU
Earnings rose 12% to $6.6B; Japan sales pause to cut 2026 earnings by $300M-$350M. - FTV
2025 results beat guidance, with strong EPS growth and $1.6B in share repurchases. - BEN
All proposals passed, with strong financial growth and strategic progress in alternatives and ETFs. - APAM
AUM hit $180B in 2025, with strong credit/alternatives growth and higher dividends. - OXBR
Tokenized reinsurance contracts on Solana open Florida’s high-return market to global investors. - KMT
Q2 sales and earnings surged, driving raised full-year guidance and strong segment growth. - RNR
Net income hit $2.65B in 2025, with 30.8% book value growth despite major loss events. - WNC
Q4 2025 revenue was $321.5M with losses, but Parts & Services grew 32.6% year-over-year. - AGI
Path to 1M oz gold by 2029, with lower costs, strong cash flow, and major expansions advancing.
Next Grupo Financiero Banorte earnings date
Q1 202622 Apr, 2026
Grupo Financiero Banorte
Next Grupo Financiero Banorte earnings date
Q1 202622 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Grupo Financiero Banorte S.A.B. de C.V. is a Mexican financial group offering a full range of banking, insurance, pension, and asset management services to individuals and businesses. The company is headquartered in Monterrey, Mexico, and its shares are listed on the BMV.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage