Grupo Financiero Banorte, S.A.B. de C.V.

Mexico Stock Exchange GFNORTEO.MX

Grupo Financiero Banorte, S.A.B. de C.V. Net Income Margin for the year ending December 31, 2023: 26.65%

Grupo Financiero Banorte, S.A.B. de C.V. Net Income Margin is 26.65% for the year ending December 31, 2023, a 5.37% change year over year. Net Income Ratio, also known as the profit margin, is the ratio of net income to net sales, showing the percentage of revenue that remains as profit after all expenses are deducted.
  • Grupo Financiero Banorte, S.A.B. de C.V. Net Income Margin for the year ending December 31, 2022 was 25.29%, a 16.15% change year over year.
  • Grupo Financiero Banorte, S.A.B. de C.V. Net Income Margin for the year ending December 31, 2021 was 21.77%, a 2.53% change year over year.
  • Grupo Financiero Banorte, S.A.B. de C.V. Net Income Margin for the year ending December 31, 2020 was 21.24%, a -19.74% change year over year.
  • Grupo Financiero Banorte, S.A.B. de C.V. Net Income Margin for the year ending December 31, 2019 was 26.46%, a 7.55% change year over year.
Key data
Date Net Income Margin EBITDA Margin EBIT Margin EBITDA
Market news
Mexico Stock Exchange: GFNORTEO.MX

Grupo Financiero Banorte, S.A.B. de C.V.

CEO Mr. Jose Marcos Ramirez Miguel
IPO Date Jan. 3, 2000
Location Mexico
Headquarters Santa Fe Building
Employees 33,696
Sector Finance
Industries
Banking & Lending
Description

Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico. The company offers payroll accounts and credit cards; car, mortgage, payroll, and personal credit banorte; and savings and investment products. It also provides insurance products, including life, home, auto, health, savings, credit card, mobile equipment, and mortgage credit insurance; foreign exchange services; and online and mobile banking services. The company operates through a network of approximately 1,151 branches, 9,668 ATMs, and 154,443 point of sale terminals. Grupo Financiero Banorte, S.A.B. de C.V. was founded in 1899 and is based in Mexico City, Mexico.

StockViz Staff

January 15, 2025

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