Welcome to our dedicated page for Grupo Supervielle news (Ticker: SUPV), a resource for investors and traders seeking the latest updates and insights on Grupo Supervielle stock.
Grupo Supervielle S.A. reports news on its role as a universal financial services group in Argentina, with updates centered on banking results, credit growth, deposits, margins, asset quality and capital ratios. Company announcements also cover Banco Supervielle, insurance, asset management and IOL invertironline, including digital banking, investment-platform integration and client service initiatives across retail, SME and corporate customers.
Recurring releases include quarterly and annual results, Form 20-F filing notices, financial-statement presentation under IFRS and Argentine Central Bank standards, branch and channel changes, and management commentary on Argentina’s monetary and regulatory environment.
Grupo Supervielle S.A. (NYSE: SUPV) reported a net loss of AR$2.0 billion in 2Q22, compared to AR$521.5 million in 2Q21. Factors impacting profitability included higher losses at IUDÚ due to inflation, severance charges, and a drop in government securities' prices. Despite a 26% increase in digital customers, the company faced a contraction in consumer finance loans. Total deposits rose 6.3% QoQ, while NPLs improved to 3.8%. The board approved a share repurchase program of AR$2 billion, supported by a stable Tier 1 ratio of 13.6%.
Grupo Supervielle S.A. (NYSE: SUPV) has initiated a share buyback program, aiming to invest up to AR$2,000,000,000 or 10% of its capital stock. This program is designed to enhance shareholder value by reducing the gap between market price and asset value amidst high market volatility. The buyback is supported by the company’s strong liquidity and will utilize realized earnings, ensuring solvency is maintained. The program will commence the day following its market publication and last for 250 days.
Grupo Supervielle S.A. reported a 1Q22 attributable net loss of AR$377.6 million, a decline from a net gain of AR$293.6 million in 1Q21. Despite a sequential increase in net interest margin by 90 bps, loan demand weakened due to high inflation affecting consumers' purchasing power. The total NPL ratio remained stable at 4.3%, with loan loss provisions decreasing 7.1% YoY but increasing 4.7% QoQ. The common equity tier 1 ratio stood at 13.8%, reflecting a solid capital position despite challenging market conditions.
Grupo Supervielle S.A. (NYSE: SUPV) has filed its annual report on Form 20-F for the year ended December 31, 2021, with the SEC. The financial statements were reported according to IFRS standards, differing significantly from those issued under the BCRA standards. The company has 288 access points and serves 2.0 million active customers, showcasing its extensive reach in the financial services sector. As of now, Supervielle has 456,722,322 shares outstanding, with a free float of 64.9%.
Grupo Supervielle S.A. reported a net loss of AR$664.0 million for 4Q21, compared to a net gain of AR$1.3 billion in 4Q20, primarily due to one-time early retirement charges and losses at IUDÚ. Despite the losses, the company enhanced its customer base by over 53,000 clients, reaching 1.5 million, with 80% being digital customers. Improvements included a sequential decrease of total non-performing loans to 4.3% and a reduction in funding costs. However, factors like low credit demand and rising regulations negatively impacted overall profitability.
Grupo Supervielle S.A. (NYSE: SUPV) reported a net loss of AR$60.2 million for 3Q21, an improvement from AR$348 million in 2Q21, driven by reduced loan loss provisions (LLPs) and operating expenses. The Tier 1 capital ratio stood at 14.1%. Despite a slight recovery in the loan portfolio and deposits, NIM was negatively impacted by lower yields on inflation-linked loans due to reduced inflation. The company's transformation strategy aims to diversify revenue and improve efficiencies amidst challenging economic conditions.
Grupo Supervielle S.A. (NYSE: SUPV) reported a net loss of AR$318 million for 2Q21, significantly down from a net gain of AR$1.4 billion in 2Q20. The results were impacted by weak loan demand, increased administrative costs, and regulatory pressures, leading to a negative ROAE of 2.8%. Total net revenues decreased by 20% YoY to AR$12.6 billion, with loan loss provisions totaling AR$1.9 billion. Despite these challenges, the company maintains a strong capital position with a Tier 1 ratio of 14.3% and is focusing on digital transformation and geographical expansion.
Grupo Supervielle S.A. (NYSE: SUPV) reported its Q1 2021 results, showcasing a net income of AR$189.3 million, a significant drop from AR$646.7 million in Q1 2020. Excluding IAS29 effects, net income would have been AR$2.9 billion. The net revenue fell by 8.9% YoY to AR$11.8 billion, while the net interest margin decreased to 19.3%. The loans to deposits ratio dropped to 54.8%. On a positive note, the non-performing loan ratio improved to 3.4% and the capital ratio remained stable at 13.8%. The company anticipates better loan growth in H2 2021.
Grupo Supervielle S.A. (NYSE:SUPV) filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC on April 30, 2021. The financial statements follow IFRS standards, differing from those under the Central Bank of Argentina's guidelines. Despite these differences, the company reports no partial adoption of IFRS. The Form 20-F is accessible on the company's website and shareholders can request hard copies of the audited financial statements. Supervielle provides a range of financial services in Argentina and has over 1.9 million active customers.
Grupo Supervielle S.A. (NYSE: SUPV) reported its financial results for 4Q20 and FY20, highlighting a net income of AR$657.4 million in 4Q20, a significant recovery from a loss of AR$703.7 million in 4Q19. FY20 net income was AR$3.4 billion compared to a loss of AR$4.0 billion in FY19. The bank continues to adapt its business model amid pandemic challenges, with a focus on digital transformation and growth in active digital customers by 73% since 2019. However, revenues decreased by 8.0% YoY and net financial income dropped by 15.0% YoY.