Banorte Overview

  • Year Founded
  • 1899

Year Founded

  • Status
  • Public

  • Employees
  • 32,966

Employees

  • Stock Symbol
  • GFNORTEO

Stock Symbol

  • Investments
  • 19

  • Share Price
  • $8.30
  • (As of Friday Closing)

Banorte General Information

Description

Grupo Financiero Banorte SAB de CV is a Mexican financial services company. The company offers a wide variety of products and services including banking services, brokerage, wholesale banking, leasing, factoring, insurance, pensions, and retirement savings. It operates locally in Mexico.

Contact Information

Website
www.banorte.com
Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Primary Industry
National Banks
Stock Exchange
MEX
Corporate Office
  • Avenida Revolucion No. 3000
  • Col. Primavera
  • Monterrey, 64830
  • Mexico
+52 81 0000 0000

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Banorte Stock Performance

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$8.30 $8.34 $7.02 - $11.15 $23.9B 2.88B 9.7M $1.06

Banorte Financials Summary

In Thousands,
USD
TTM 31-Mar-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
Revenue 11,833,604 11,077,815 8,921,020 7,932,795
Net Income 3,091,912 2,952,079 2,256,192 1,727,250
Total Assets 144,092,789 133,963,382 106,179,319 90,436,772
Total Debt 102,360,886 95,256,224 74,131,361 63,477,963
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Banorte Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Banorte Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Grupo Financiero Banorte SAB de CV is a Mexican financial services company. The company offers a wide variety of product
National Banks
Monterrey, Mexico
32,966 As of 2024
00.000
00000000 00.000

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00000000 00000
Pittsburgh, PA
0000 As of 0000
00000
000000000 00 00000

000000

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00000000 00000
London, United Kingdom
00000 As of 0000
000.00
000000000000 000.00
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Banorte Competitors (55)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
First National Bank (National Banks) Corporation Pittsburgh, PA 0000 00000 000000000 00 00000
Lloyds Banking Group Corporation London, United Kingdom 00000 000.00 000000000000 000.00
Banco de Crédito del Perú Corporation Lima, Peru 00000 00.00 000000000000 00.00
NatWest Group Corporate Backed or Acquired Edinburgh, United Kingdom 00000 000.00 00000000000 000.00
BMO Bank Private Debt Financed Chicago, IL 00000 0000 000000000 0000
You’re viewing 5 of 55 competitors. Get the full list »

Banorte Executive Team (12)

Name Title Board Seat
Marcos Miguel Chief Executive Officer & General Director
Rafael Garza Chief Financial Officer & Chief Operating Officer
Gerardo Viezca Chief Credit and Risk Officer
Hector Flores Chief Legal Counsel
Ignacio Paz Treasury Executive Director
You’re viewing 5 of 12 executive team members. Get the full list »

Banorte Board Members (18)

Name Representing Role Since
000000 0000 00000 Banorte Independent Director 000 0000
000000000 00000000 Self Independent Director 000 0000
0000000 00 0000000 Self Board Member 000 0000
000000 000000000 Banorte Board Member 000 0000
000000 00000000 Banorte Chairman of the Board & Board Member 000 0000
You’re viewing 5 of 18 board members. Get the full list »

Banorte Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Banorte Investments & Acquisitions (19)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Habi 26-Apr-2022 00000 0000 00000 Real Estate Services (B2C)
Clip (Financial Software) 10-Jun-2021 00000 0000 00000 Financial Software
Joint Venture (Banorte / Rappi) 30-Jun-2020 00000 0000 000.00 Other Financial Services 000000 00
Grupo Financiero Interacciones 13-Jul-2018 0000000000 00.000 Investment Banks 000000 00
Pensiones Banorte-Generali 04-Oct-2013 Secondary Transaction - Private 00000 Other Commercial Services 0000 0000
You’re viewing 5 of 19 investments and acquisitions. Get the full list »

Banorte Subsidiaries (5)

Company Name Industry Location Founded
Casa de Bolsa Banorte Ixe Financing Advisory Mexico City, Mexico 2012
Afore XXI Banorte Corporate Pension Mexico City, Mexico 0000
UniTeller Holdings Other Financial Services Rochelle Park, NJ 0000
Banco Regional del Norte Regional Banks
Operadora de Fondos Banorte Ixe Financing Advisory Mexico City, Mexico
To view Banorte’s complete subsidiaries history, request access »

Banorte ESG

Risk Overview

Risk Rating

Updated May, 31, 2024

13.74 | Low Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

00.0

Management

Management is related to actions taken to manage ESG issues

00.00

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

00 of 16,216

Rank

0.00

Percentile

Banks

Industry

00 of 1,051

Rank

00.00

Percentile

Regional Banks

Subindustry

00 of 548

Rank

0.00

Percentile

To view Banorte’s complete esg history, request access »

Banorte Exits (2)

Company Name Exit Date Exit Type Exit Size Status Buyers
Inter National Bank 01-Apr-2009 000000000 00000000 00000 Completed
  • 0000000
Inter National Bank 17-Nov-2006 Merger/Acquisition 00000 Completed
To view Banorte’s complete exits history, request access »

Banorte FAQs

  • When was Banorte founded?

    Banorte was founded in 1899.

  • Who is the CEO of Banorte?

    Marcos Miguel is the CEO of Banorte.

  • Where is Banorte headquartered?

    Banorte is headquartered in Monterrey, Mexico.

  • What is the size of Banorte?

    Banorte has 32,966 total employees.

  • What industry is Banorte in?

    Banorte’s primary industry is National Banks.

  • Is Banorte a private or public company?

    Banorte is a Public company.

  • What is Banorte’s stock symbol?

    The ticker symbol for Banorte is GFNORTEO.

  • What is the current stock price of Banorte?

    As of 19-Jul-2024 the stock price of Banorte is $8.30.

  • What is the current market cap of Banorte?

    The current market capitalization of Banorte is $23.9B.

  • What is Banorte’s current revenue?

    The trailing twelve month revenue for Banorte is $11.8B.

  • Who are Banorte’s competitors?

    First National Bank (National Banks), Lloyds Banking Group, Banco de Crédito del Perú, NatWest Group, and BMO Bank are some of the 55 competitors of Banorte.

  • What is Banorte’s annual earnings per share (EPS)?

    Banorte’s EPS for 12 months was $1.06.

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