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Grupo Financiero Banorte MXN

At a glance: strengths & risks
Revenue growing (+13%)Strong ROE (24%)

Sector: Banks

MX_BANORTE

Price chart

194.58 MXNDay 1.58%

Key metrics

Market

Price
194.58 MXN · 1.58%
Market cap
540.3 bn MXN

Growth

Δ NII y/y
12.8%
Δ net profit y/y
4.6%

Multiples

P/E (LTM)
9.2x
3y avg: 7.9x
P/B (FY)
2.2x
3y avg: 1.8x
P/E (ann.)
8.8x

Returns

Dividend yield
9.0%
ROE (annualized)
23.7%
ROI (ROE ÷ P/B)
10.9%

Value creation

annualized net income / market cap (return on equity value)
Banking potential

Liquidity

Daily turnover (listing)
722.5 mln MXN

Shares: yahoo_fundamentals_timeseries/GFNORTEO.MX

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B MXN, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusNet interest incomeB MXNNet profitB MXNAssetsB MXNEquityB MXNROE (annualized)Source
2026-03-31Q1 2026 (3M)OK125.0
y/y
15.3
y/y
2552.8
y/y
266.1
y/y
23.7%Report (PDF)
2025-12-31Q4 2025 (3M)OK139.0
y/y
15.9
y/y
2598.7
y/y 5.2%
249.1
y/y -0.1%
23.1%Link
2025-09-30Q3 2025 (3M)OK108.5
y/y
42.9
y/y
2509.3
y/y
260.9
y/y
22.4%Link
2024-12-31FY 2024 (12M)ERR219.4
y/y 11.5%
56.2
y/y 7.2%
2471.2
y/y 8.6%
249.4
y/y 0.0%
22.5%Report (PDF)
2023-12-31FY 2023 (12M)ERR196.7
y/y
52.4
y/y
2274.9
y/y
249.4
y/y
Report (PDF)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-05-2810.4488 MXNEx-dividend: 10.4488 MXN per sharePaidYahoo Finance (ex-div)
2025-12-086.9907 MXNEx-dividend: 6.9907 MXN per sharePaidYahoo Finance (ex-div)
2025-05-029.9867 MXNEx-dividend: 9.9867 MXN per sharePaidYahoo Finance (ex-div)
2024-12-173.5547 MXNEx-dividend: 3.5547 MXN per sharePaidYahoo Finance (ex-div)
2024-06-279.0895 MXNEx-dividend: 9.0895 MXN per sharePaidYahoo Finance (ex-div)
2023-10-125.2021 MXNEx-dividend: 5.2021 MXN per sharePaidYahoo Finance (ex-div)
2023-06-087.8739 MXNEx-dividend: 7.8739 MXN per sharePaidYahoo Finance (ex-div)
2022-12-065.8121 MXNEx-dividend: 5.8121 MXN per sharePaidYahoo Finance (ex-div)
2022-05-276.0775 MXNEx-dividend: 6.0775 MXN per sharePaidYahoo Finance (ex-div)
2021-11-262.6451 MXNEx-dividend: 2.6451 MXN per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://investors.banorte.com/en/financial-information/quarterly-reports

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Grupo Financiero Banorte — from primary filings.

Banorte (Grupo Financiero Banorte) is one of Mexico’s largest banking groups, offering retail, corporate and investment banking.

Frequently asked questions

What is Grupo Financiero Banorte's P/E ratio?
Grupo Financiero Banorte trades at a P/E of 9.2x (price to trailing 12-month earnings).
What is Grupo Financiero Banorte's P/B ratio?
Grupo Financiero Banorte trades at a P/B of 2.2x.
What is Grupo Financiero Banorte's dividend yield?
Grupo Financiero Banorte's trailing 12-month dividend yield is 9.0%.
What is Grupo Financiero Banorte's return on equity (ROE)?
Grupo Financiero Banorte's ROE is 23.7%.
What is Grupo Financiero Banorte's market capitalization?
Grupo Financiero Banorte's market cap is 540.3 bn MXN.

See also: Mexican Stocks (2026): Quality Value and the Nearshoring Trade · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map