Grupo Financiero Banorte Income Statement

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

Millions MXN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Interest Income on Loans	419,033	405,433	375,497	268,628	134,725	133,593	Upgrade
Interest Paid on Deposits	278,370	266,073	248,015	152,469	40,772	47,898	Upgrade
Net Interest Income	140,663	139,360	127,482	116,159	93,953	85,695	Upgrade
Net Interest Income Growth (YoY)	7.76%	9.32%	9.75%	23.64%	9.64%	4.74%	Upgrade
Other Non-Interest Income	10,657	8,419	6,603	1,516	7,160	18,191	Upgrade
Total Non-Interest Income	10,657	8,419	6,603	1,516	7,160	18,191	Upgrade
Non-Interest Income Growth (YoY)	28.97%	27.50%	335.55%	-78.83%	-60.64%	-18.50%	Upgrade
Revenues Before Loan Losses	151,320	147,779	134,085	117,675	101,113	103,886	Upgrade
Provision for Loan Losses	20,118	19,536	15,942	11,881	11,351	21,930	Upgrade
Revenue	131,202	128,243	118,143	105,794	89,762	81,956	Upgrade
Revenue Growth (YoY)	7.76%	8.55%	11.67%	17.86%	9.53%	-7.70%	Upgrade
Selling, General & Administrative	56,065	54,625	48,582	44,772	45,940	43,013	Upgrade
Total Non-Interest Expense	54,492	52,912	47,169	43,806	43,667	41,010	Upgrade
EBT Excluding Unusual Items	76,711	75,331	70,974	61,988	46,095	40,946	Upgrade
Pretax Income	76,711	75,331	70,974	61,988	46,095	40,946	Upgrade
Income Tax Expense	19,353	19,127	17,832	15,963	10,556	10,049	Upgrade
Earnings From Continuing Operations	57,357	56,204	53,142	46,025	35,539	30,897	Upgrade
Minority Interest in Earnings	-89.33	-16	-724	-617	-491	-389	Upgrade
Net Income	57,268	56,188	52,418	45,408	35,048	30,508	Upgrade
Net Income to Common	57,268	56,188	52,418	45,408	35,048	30,508	Upgrade
Net Income Growth	6.83%	7.19%	15.44%	29.56%	14.88%	-16.48%	Upgrade
Basic Shares Outstanding	2,840	2,849	2,863	2,863	2,867	2,851	Upgrade
Diluted Shares Outstanding	2,840	2,849	2,863	2,883	2,883	2,883	Upgrade
Shares Change (YoY)	-3.84%	-0.46%	-0.72%	-	-	0.16%	Upgrade
EPS (Basic)	20.17	19.72	18.31	15.86	12.23	10.70	Upgrade
EPS (Diluted)	20.17	19.72	18.31	15.75	12.15	10.58	Upgrade
EPS Growth	11.10%	7.69%	16.28%	29.56%	14.88%	-16.61%	Upgrade
Dividend Per Share	3.555	3.555	5.202	5.810	6.077	3.167	Upgrade
Dividend Growth	-31.67%	-31.67%	-10.46%	-4.40%	91.90%	-	Upgrade
Effective Tax Rate	25.23%	25.39%	25.12%	25.75%	22.90%	24.54%	Upgrade

Updated Mar 4, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.