Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Posts Earnings Results, Misses Expectations By $0.03 EPS

Posted by Brian Himes on Jul 22nd, 2026

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.03), Zacks reports. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Grupo Financiero Banorte SAB de CV had a net margin of 14.23% and a return on equity of 22.08%.

Grupo Financiero Banorte SAB de CV Stock Performance

Grupo Financiero Banorte SAB de CV stock opened at $53.64 on Wednesday. The company has a market cap of $30.18 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 0.97 and a beta of 0.71. Grupo Financiero Banorte SAB de CV has a 12 month low of $41.70 and a 12 month high of $62.89. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.79 and a quick ratio of 0.79. The stock’s 50-day moving average is $53.42 and its 200-day moving average is $54.45.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Grupo Financiero Banorte SAB de CV from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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Grupo Financiero Banorte SAB de CV Company Profile

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Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.

Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.