Argentina · Delayed Price · Currency is ARS Grupo Supervielle Earnings Call Transcripts
Fiscal Year 2026
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Underlying profitability turned positive in Q1 2026, driven by cost reductions, improved asset quality, and digital transformation. Guidance was revised for lower loan and deposit growth, but margins and efficiency are expected to improve, with a strong capital position maintained.
Fiscal Year 2025
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Q4 2025 saw strong corporate loan growth and margin recovery, with net losses narrowing sharply from Q3. Asset quality peaked but showed signs of stabilization, and digital transformation advanced. 2026 guidance anticipates robust loan and deposit growth, margin improvement, and a return to profitability as macro conditions normalize.
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Third quarter 2025 saw a net loss due to macro headwinds, but loan and deposit growth remained strong, led by corporates. Asset quality weakened, though cost controls and capital ratios improved. Outlook for 2026 is optimistic, with reforms, easing monetary policy, and sector investments expected to drive recovery.
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Loan growth outpaced the market, led by commercial lending, while asset quality normalized and U.S. dollar deposits hit record highs. Net income rose 62% sequentially, with ROE at 6%, and guidance points to continued loan and deposit growth, stable asset quality, and improving ROE into 2026.
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Retail lending drove loan growth and now exceeds half the portfolio, while NPL and cost of risk rose due to portfolio mix but remain within guidance. Net financial income was pressured by investment portfolio losses, but cost discipline and digital initiatives support improved ROE outlook for 2025.
Fiscal Year 2024
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2024 saw robust loan and deposit growth, digital transformation, and strong profitability, with retail lending and digital brokerage driving results. 2025 guidance anticipates continued loan expansion, lower NIM, and stable asset quality, with capital ratios expected to decline as growth accelerates.
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Loan and deposit growth accelerated, with retail and digital channels driving performance. Profitability rebounded in Q4, ROE guidance held at 15%, and asset quality remains strong. Capitalization supports further expansion, with no capital raise expected in 2025.
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Loan growth surged 36% sequentially, driving market share gains and a record low NPL ratio, while net income and ROE rose sharply year-over-year. Guidance calls for over 40% real loan growth in 2024, with ROE expected to normalize to 15% and CET1 to 17–20% by year-end.