Grupo Financiero Galicia S.A. (GGAL)

Grupo Financiero Galicia Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	-	8,244,240	10,353,121	4,861,513	565,230	252,651
Total Interest Income	-	8,244,240	10,353,121	4,861,513	565,230	252,651
Interest Paid on Deposits	-	3,094,428	6,590,850	3,827,250	352,366	136,851
Total Interest Expense	-	3,094,428	6,590,850	3,827,250	352,366	136,851
Net Interest Income	4,128,397	5,149,813	3,762,271	1,034,263	212,864	115,800
Net Interest Income Growth (YoY)	48.25%	36.88%	263.76%	385.88%	83.82%	144.21%
Other Non-Interest Income	2,533,404	2,618,116	3,867,494	3,936,092	392,386	211,257
Total Non-Interest Income	2,533,404	2,618,116	3,867,494	3,936,092	392,386	211,257
Non-Interest Income Growth (YoY)	54.86%	-32.30%	-1.74%	903.12%	85.74%	18.41%
Revenues Before Loan Losses	6,661,800	7,767,928	7,629,766	4,970,354	605,250	327,057
Provision for Loan Losses	1,036,330	862,799	415,238	355,596	42,426	47,224
Revenue	5,625,470	6,905,129	7,214,528	4,614,759	562,824	279,833
Revenue Growth (YoY)	33.94%	-4.29%	56.34%	719.93%	101.13%	39.40%
Salaries and Employee Benefits	1,067,441	1,031,479	765,351	657,053	90,470	48,037
Occupancy Expenses	206,971	188,067	183,528	189,044	28,240	12,504
Selling, General & Administrative	626,464	541,707	450,827	448,455	65,437	36,015
Other Non-Interest Expense	2,996,877	3,857,217	4,730,418	2,876,813	281,394	111,876
Total Non-Interest Expense	4,175,308	4,899,241	6,123,743	4,174,357	465,689	208,621
EBT Excluding Unusual Items	1,450,162	2,005,888	1,090,785	440,402	97,136	71,212
Asset Writedown	205,335	205,335	91,694	4,051	32.2	220.44
Other Unusual Items	-	-	-	-	-	-566.5
Pretax Income	1,655,497	2,211,223	1,182,479	444,453	97,168	70,866
Income Tax Expense	376,730	586,614	448,246	115,070	33,025	31,596
Earnings From Continuing Operations	1,278,768	1,624,610	734,233	329,384	64,143	39,270
Minority Interest in Earnings	3,067	135.24	5.48	-0.06	-	-512.15
Net Income	1,281,835	1,624,745	734,238	329,384	64,143	38,758
Net Income to Common	1,281,835	1,624,745	734,238	329,384	64,143	38,758
Net Income Growth	130.64%	121.28%	122.91%	413.52%	65.50%	30.20%
Basic Shares Outstanding	1,589	1,483	1,475	1,475	1,475	1,443
Diluted Shares Outstanding	1,589	1,483	1,475	1,475	1,475	1,443
Shares Change (YoY)	7.72%	0.57%	-	-	2.21%	1.12%
EPS (Basic)	806.94	1095.51	497.89	223.36	43.50	26.86
EPS (Diluted)	806.94	1095.51	497.89	223.36	43.50	26.86
EPS Growth	114.11%	120.03%	122.91%	413.52%	61.93%	28.76%
Dividend Per Share	-	-	-	26.446	7.460	1.020
Dividend Growth	-	-	-	254.51%	631.37%	-14.29%
Effective Tax Rate	22.76%	26.53%	37.91%	25.89%	33.99%	44.59%

Updated Mar 7, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

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