Banorte stock gains momentum as third-quarter profit rises 20 percent

Published on 11/05/2026 at 16:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Banorte stock enters a new earnings phase after a stronger third quarter. Management retained its 2026 targets as lending and fee income supported results.

Banorte delivers a stronger third quarter

Third-quarter net income rose 20 percent year over year, while nine-month profit increased 9 percent.
Loan growth, deposits and fee income supported results despite higher provisions.
Management retained its 2026 targets and expects group net interest margin pressure to ease toward year-end.

Banorte, MXP370711014, Illustration mit AI erstellt.

Grupo Financiero Banorte reported stronger third-quarter results on Wednesday, November 4, 2026, with lending and fee growth supporting profitability. The figures were presented in the Grupo Financiero Banorte Q3 2026 earnings summary by Quartr.

Profit growth outpaces the prior year

Net income reached Ps 15.66 billion in the quarter, an increase of 20 percent from the comparable period. Profit for the first nine months came to Ps 46.67 billion, up 9 percent year over year. Total income rose 9 percent to Ps 44.09 billion, while operating income increased 10 percent to Ps 20.76 billion.

Net interest income advanced 5 percent to Ps 38.13 billion. Net service fees rose 14 percent to Ps 5.67 billion, helping offset a 4 percent increase in provisions. Stage 1 and 2 loans grew 11 percent year over year, and deposits increased 13 percent. The nine-month return on equity improved to 24.7 percent.

Guidance remains the next test

Banorte retained its 2026 guidance, including loan growth of 8 to 11 percent, group net interest margin of 6.2 to 6.5 percent and net income of Ps 62 billion to Ps 64 billion. The outlook also calls for a return on equity of 22 to 24 percent and a return on assets of 2.2 to 2.4 percent.

Management expects pressure on the group margin from inflation-indexed annuities to ease toward year-end, while bank margin guidance remains toward the upper end of its range. For investors, the main question is whether credit expansion and fee growth can continue to absorb provisions and margin pressure.

Banorte stock traded at 10.00 euros on Lang & Schwarz at 4:33 p.m. CET on Thursday, November 5, 2026. The real-time quote of Banorte stock provides the latest market reference.