Grupo Financiero Banorte Reports Solid Q3 2025 Performance

Grupo Financiero Banorte SAB de CV Class O ( (GBOOF) ) has released its Q3 earnings. Here is a breakdown of the information Grupo Financiero Banorte SAB de CV Class O presented to its investors.

Grupo Financiero Banorte SAB de CV Class O is a leading financial services group in Mexico, offering a wide range of banking, insurance, and investment products, known for its strong market presence and diversified business model.

In its latest earnings report for the third quarter of 2025, Grupo Financiero Banorte demonstrated solid operating performance, despite facing challenges such as the deconsolidation of its subsidiary Bineo and an isolated case in its commercial loan portfolio. The company reported a net income of Ps 13.01 billion, reflecting a sequential decline but maintaining overall financial stability.

Key financial highlights include a 2% increase in net interest income both sequentially and year-over-year, driven by higher loan origination and a consumer-focused portfolio mix. The bank’s net interest margin improved to 6.9%, supported by effective balance sheet management. However, provisions rose significantly due to a new Stage 3 loan case, impacting the cost of risk, which reached 2.69% for the quarter.

Non-interest income saw a substantial increase of 28% sequentially, attributed to improved insurance business results and strong trading activities. The company’s efficiency ratio improved to 35.3%, showcasing effective expense management. Subsidiaries contributed positively to the group’s performance, with notable income growth in the insurance and brokerage sectors.

Looking ahead, Grupo Financiero Banorte remains focused on maintaining its strong capitalization and liquidity levels, with a Capital Adequacy Ratio of 22.31% and a Liquidity Coverage Ratio of 159.92%. The company continues to prioritize income diversification and operational efficiency as it navigates the evolving financial landscape.