Grupo Financiero Banorte, S.A.B. de C.V. (BMV:GFNORTEO)

Grupo Financiero Banorte Income Statement

Financials in millions MXN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	429,824	405,433	375,497	268,628	134,725	133,593
Interest Paid on Deposits	285,265	266,073	248,015	152,469	40,772	47,898
Net Interest Income	144,559	139,360	127,482	116,159	93,953	85,695
Net Interest Income Growth (YoY)	7.92%	9.32%	9.75%	23.64%	9.64%	4.74%
Other Non-Interest Income	10,033	8,419	6,603	1,516	7,160	18,191
Total Non-Interest Income	10,033	8,419	6,603	1,516	7,160	18,191
Non-Interest Income Growth (YoY)	30.82%	27.50%	335.55%	-78.83%	-60.64%	-18.50%
Revenues Before Loan Losses	154,591	147,779	134,085	117,675	101,113	103,886
Provision for Loan Losses	20,471	19,536	15,942	11,881	11,351	21,930
Revenue	134,121	128,243	118,143	105,794	89,762	81,956
Revenue Growth (YoY)	8.37%	8.55%	11.67%	17.86%	9.53%	-7.70%
Selling, General & Administrative	57,989	54,625	48,582	44,772	45,940	43,013
Total Non-Interest Expense	56,382	52,912	47,169	43,806	43,667	41,010
EBT Excluding Unusual Items	77,739	75,331	70,974	61,988	46,095	40,946
Pretax Income	77,739	75,331	70,974	61,988	46,095	40,946
Income Tax Expense	20,128	19,127	17,832	15,963	10,556	10,049
Earnings From Continuing Operations	57,611	56,204	53,142	46,025	35,539	30,897
Minority Interest in Earnings	257.15	-16	-724	-617	-491	-389
Net Income	57,868	56,188	52,418	45,408	35,048	30,508
Net Income to Common	57,868	56,188	52,418	45,408	35,048	30,508
Net Income Growth	6.11%	7.19%	15.44%	29.56%	14.88%	-16.48%
Basic Shares Outstanding	2,797	2,849	2,863	2,863	2,867	2,851
Diluted Shares Outstanding	2,797	2,849	2,863	2,883	2,883	2,883
Shares Change (YoY)	-0.93%	-0.46%	-0.72%	-	-	0.16%
EPS (Basic)	20.69	19.72	18.31	15.86	12.23	10.70
EPS (Diluted)	20.69	19.72	18.31	15.75	12.15	10.58
EPS Growth	7.10%	7.69%	16.28%	29.56%	14.88%	-16.61%
Dividend Per Share	3.555	3.555	5.202	5.810	6.077	3.167
Dividend Growth	-31.67%	-31.67%	-10.46%	-4.40%	91.90%	-
Effective Tax Rate	25.89%	25.39%	25.12%	25.75%	22.90%	24.54%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.