Grupo Supervielle S.A. Stock Price, News & Analysis

Grupo Supervielle (NYSE: SUPV) reported its Q4 and FY 2024 financial results, achieving a net income of AR$28.2 billion in Q4 with 13.8% ROAE, and AR$125.2 billion for FY24 with 15.7% ROAE, meeting their full-year guidance target.

Key Q4 highlights include:

• Loan portfolio grew 28% quarter-over-quarter and 106% year-over-year
• Retail lending reached 48% of total loans, up from 44% in Q3
• Deposits increased 7% sequentially, with U.S. dollar deposits surging 178% YoY
• Non-performing loan ratio at 1.3%
• CET1 ratio at 16.1%

The company's digital transformation through Banco Supervielle and IOL invertironline's leadership in retail digital brokerage has positioned them for growth. IOL manages US$1.7 billion in AUC across 1.6M customer accounts, while maintaining strong asset quality and expanding their market presence in key sectors.

Grupo Supervielle (NYSE: SUPV) reported 3Q24 net income of AR$8.9 billion with ROAE at 4.9%, while 9M24 net income reached AR$89.8 billion with ROAE at 16.4%. The company's loan book expanded 15% sequentially and 60% year-to-date in real terms. Net Interest Margin normalized to 25%, while fee income grew 28% sequentially. The NPL ratio remained stable at 0.8%, with cost of risk decreasing to 2.4%. The company maintains its 15% ROE guidance for FY2024. Total deposits increased 31.3% QoQ to AR$2,751.5 billion, while loans grew 28.6% QoQ to AR$1,605.4 billion. The Common Equity Tier 1 Ratio stood at 19.2% as of September 30, 2024.

Grupo Supervielle S.A. (NYSE: SUPV) has announced the appointment of Gustavo Manriquez as CEO of Banco Supervielle, effective October 1, 2024. Manriquez, who previously served as CEO and General Manager of Banco Macro since 2016, brings over 30 years of experience in the Argentine financial industry. He succeeds Alejandro Stengel, who is stepping down after four years as CEO.

Manriquez holds a bachelor's degree in business administration, a postgraduate degree in Finance, and an MBA. He has a strong track record in developing digital strategies and driving growth through strategic partnerships. Upon his appointment, Manriquez expressed his commitment to continuing innovation and growth at Banco Supervielle.

Patricio Supervielle, Chairman and CEO of Grupo Supervielle, expressed confidence in Manriquez's ability to guide the bank through its next growth stage and contribute to Argentina's economic transformation. The appointment is subject to customary regulatory procedures.

Grupo Supervielle S.A. (NYSE: SUPV) reported solid performance in 2Q24, with net income of AR$17.1 billion and ROAE at 10.4%. The company's loan portfolio expanded 36% sequentially and 13% year-on-year in real terms. Key highlights include:

- NIM reached 36.3% amid declining policy rates
- Market share in loans increased by 30 bps in the quarter and 70 bps year-to-date
- NPL ratio decreased to a historic low of 0.8%
- Digital retail client base expanded to 65% of total retail customers
- IOL, the company's online brokerage platform, exceeded 500,000 active clients

The company's strategic initiatives and exposure to high-potential export-oriented industries position it well for growth as the economy recovers.

Grupo Supervielle (NYSE: SUPV; BYMA: SUPV), an Argentinian financial services group, reported significant profitability in Q1 2024 with a net income of AR$46.5 billion, up significantly from AR$2.2 billion in the same quarter last year. The company's Return on Average Equity (ROAE) reached a record 33.8%, driven by a high Net Interest Margin (NIM) of 62% and improved efficiencies.

Loan demand showed signs of recovery, with a 2.6% sequential increase in the loan book and a 40 bps gain in market share. Corporate and car loans also gained market share. The Non-Performing Loan (NPL) ratio hit a historic low of 1.1%, and the coverage ratio improved to 264%.

Supervielle expanded its digital client base, now accounting for 64% of total clients, and improved its efficiency ratio to 34%. The company launched new 30-year mortgage loans and grew its online brokerage and crypto offerings. Total assets decreased by 17.8% QoQ, but loans expanded by 55.5% QoQ in nominal terms. Common Equity Tier 1 Ratio improved to 24.7%.