Grupo Financiero Galicia S.A. (GGAL)

Grupo Financiero Galicia Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	4,044,873	1,175,270	627,910	87,749	307,787	160,534
Investment Securities	3,404,163	3,707,115	1,578,146	942,843	127,138	67,309
Trading Asset Securities	1,125,332	89,101	2,444,941	115,366	47,378	15,582
Total Investments	4,529,495	3,796,216	4,023,086	1,058,209	174,517	82,891
Gross Loans	8,805,919	3,059,336	3,936,764	1,489,807	818,483	504,332
Allowance for Loan Losses	-364,104	-113,901	-175,303	-83,900	-48,431	-29,060
Net Loans	8,441,815	2,945,435	3,761,462	1,405,907	770,052	475,272
Property, Plant & Equipment	736,738	355,259	360,675	121,154	66,009	44,877
Goodwill	197.62	-	-	-	-	-
Other Intangible Assets	244,850	122,235	119,932	41,357	21,839	11,835
Investments in Real Estate	-	5,302	5,114	1,670	876.47	593.29
Accrued Interest Receivable	376,768	165,907	157,339	55,344	33,344	18,996
Other Receivables	1,103,863	201,640	166,805	31,386	15,421	8,727
Restricted Cash	2,050,928	820,615	765,777	374,742	154,862	102,844
Other Current Assets	15,558	40,315	35,829	753.46	4,612	2,314
Long-Term Deferred Tax Assets	85,808	183,826	22,582	8,350	15,506	3,810
Other Real Estate Owned & Foreclosed	-	201.29	312.76	15.22	7.81	5.18
Other Long-Term Assets	1,487,757	472,861	494,776	84,585	32,048	22,655
Total Assets	23,118,650	10,285,083	10,541,601	3,271,222	1,596,884	935,353
Accounts Payable	-	2,636	2,416	739.63	897.32	601.97
Accrued Expenses	24,646	157,596	142,663	34,770	18,596	12,004
Interest Bearing Deposits	13,511,918	5,563,327	6,530,421	1,998,234	1,011,875	437,118
Non-Interest Bearing Deposits	-	-	-	-	-	91,984
Total Deposits	13,511,918	5,563,327	6,530,421	1,998,234	1,011,875	529,102
Short-Term Borrowings	852,059	35,585	5,276	75,974	14,753	26,528
Current Portion of Long-Term Debt	-	-	-	3,906	3,162	16,720
Current Portion of Leases	-	-	-	2,588	2,528	1,060
Current Income Taxes Payable	49,657	272,401	27,404	18,815	22,985	14,042
Accrued Interest Payable	191,297	144,453	139,861	19,640	9,011	6,931
Other Current Liabilities	268,281	271,385	212,174	63,478	35,223	29,398
Long-Term Debt	2,437,366	1,182,963	1,221,039	331,966	174,642	115,191
Long-Term Leases	37,767	29,461	23,902	5,947	4,058	4,070
Long-Term Unearned Revenue	-	3,623	8,665	4,194	2,036	1,655
Pension & Post-Retirement Benefits	-	481.8	1,107	232.49	136.74	100.94
Long-Term Deferred Tax Liabilities	57,192	11,835	20,546	8,526	206.69	1,801
Other Long-Term Liabilities	1,237,379	591,386	308,581	112,833	25,292	19,906
Total Liabilities	18,667,560	8,267,132	8,644,055	2,681,843	1,325,401	779,112
Common Stock	1,475	1,475	1,475	1,475	1,475	1,427
Additional Paid-In Capital	17,281	17,281	17,281	17,281	17,281	10,951
Retained Earnings	2,947,194	1,280,392	1,161,589	353,439	150,441	79,213
Comprehensive Income & Other	1,485,067	718,725	717,201	217,184	102,287	60,709
Total Common Equity	4,451,017	2,017,873	1,897,547	589,379	271,483	152,301
Minority Interest	73.8	78.02	0.06	0.01	0.01	3,940
Shareholders' Equity	4,451,090	2,017,951	1,897,547	589,379	271,483	156,241
Total Liabilities & Equity	23,118,650	10,285,083	10,541,601	3,271,222	1,596,884	935,353
Total Debt	3,327,191	1,248,009	1,250,216	420,381	199,143	163,569
Net Cash (Debt)	1,843,014	1,186,528	2,182,385	178,565	248,090	53,492
Net Cash Growth	859.77%	-45.63%	1122.18%	-28.02%	363.79%	331.86%
Net Cash Per Share	1249.76	804.59	1479.89	121.09	171.96	37.49
Filing Date Shares Outstanding	1,475	1,475	1,475	1,475	1,475	1,427
Total Common Shares Outstanding	1,475	1,475	1,475	1,475	1,475	1,427
Book Value Per Share	3018.27	1368.34	1286.74	399.66	184.09	106.75
Tangible Book Value	4,205,969	1,895,638	1,777,614	548,021	249,644	140,466
Tangible Book Value Per Share	2852.10	1285.45	1205.41	371.62	169.29	98.45

Source: S&P Capital IQ. Banks template. Financial Sources.