What were the key takeaways from Grupo Supervielle's earnings call?

Did Grupo Supervielle beat or miss consensus estimates last quarter?

What guidance did Grupo Supervielle's management provide for the next earnings period?

What is Grupo Supervielle's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for Grupo Supervielle year over year?

What is the market's earnings forecast for Grupo Supervielle next quarter?

What factors drove the changes in Grupo Supervielle's revenue and profit?

What were the key takeaways from Grupo Supervielle’s earnings call?

- **Loan Growth Leadership**: Corporate loans up 25% Q/Q, total loans +37% YoY, despite 4% Q/Q decline in retail loans.
- **Challenging Asset Quality**: NPL ratio at 5%, cost of risk 10.4%, but Q4 collection efforts show early stabilization.
- **Strong Capital Position**: CET1 at 15.4%, supporting 2026 loan growth targets of 25-30%.
- **2026 Outlook**: ROE guidance 4-9%, with double-digit ROE achievable by year-end. Focus on CASA deposits (39% Q/Q growth) and cross-selling between banking and brokerage platforms.
- **Strategic Priorities**: Digital ecosystem expansion, AI-driven client experience, and targeting affluent clients for IOL growth.

**【CEO Summary Section】**
- **Loan Growth Outperformance**: Total loans grew 8% sequentially and 37% year-over-year, driven by 25% Q/Q expansion in corporate loans (now 63% of portfolio). Retail loans declined 4% Q/Q due to tighter underwriting.
- **Asset Quality Challenges**: NPL ratio rose to 5% (vs. 3.9% prior quarter), with cost of risk at 10.4%. CET1 ratio strengthened to 15.4% (up 220bps Q/Q), supporting 2026 growth.
- **Economic Environment**: Fourth quarter marked peak of tight monetary policy; early signs of normalization post-midterm elections. 2026 outlook includes gradual economic recovery, lower inflation, and improved funding conditions.
- **Strategy Focus**: Digital ecosystem integration (70%+ digital transactions), AI-driven client experience, and cross-selling between banking and brokerage platforms. Targeting affluent clients and IFAs for IOL growth.

**【CFO Financial Commentary】**
- **Q4 Results**: Attributable net loss of ARS 19.5B (narrowing from Q3 loss of ARS 55B). NIM rebounded sequentially due to lower funding costs and yield improvements. Personnel expenses declined 6% Q/Q.
- **2026 Guidance**: 
  - Loans: 25-30% real growth (corporate-led). 
  - Deposits: 20-25% growth (peso-denominated). 
  - NPL Ratio: 5-6% (peaking at 6% in Q1). 
  - ROE: 4-9% range, targeting double digits by year-end. 
  - CET1: 11-13% by year-end.
- **Key Drivers**: Lower funding costs (CET1 improvement), disciplined expense control (9% real decline in 2025), and margin recovery from bond price normalization.

**【Q&A Highlights】**
- **Capital Management**: CET1 >15% in Q4 was temporary; 2026 target range 11-13%. No dividends expected in 2026; profits reinvested for growth.
- **Loan Growth vs. NPLs**: Q1 2026 NPLs likely peak at 6%, with collection improvements moderating delinquency. Retail lending to resume as economic confidence improves.
- **ROE Expectations**: Sequential improvement in 2026, targeting double-digit ROE by year-end through margin recovery and operating leverage.
- **Deposit Strategy**: Focus on CASA (checking/savings) growth (39% Q/Q in Q4) to stabilize funding mix. Wholesale funding reduced to optimize cost.
- **IOL Performance**: Assets under custody growing with affluent clients, 10% of brokerage fees from asset management. Proprietary funds launched in Q4 (ARS 30M in first 3 weeks).

Grupo Supervielle (SUPV) Q4 2025 Earnings Call Transcript

- **Q3 2025 Results**: Net loss of ARS 50.3B due to macro headwinds, but deposit growth (15% QoQ) and CET1 ratio (13.2%) show resilience.
- **2025 Guidance**: Loan growth 35-40%, NPL 4.7-5.1%, ROE -5% to 0%.
- **2026 Outlook**: Corporate loan growth 30-40%, ROE target high single to low double digits.
- **Political Reforms**: Senate majority achievable, labor/tax reforms on horizon, mining/oil investments driving provincial growth.
- **Risks**: High reserve requirements, NPL peak in Q4 2025, FX reserve management.

**【CEO Summary Section】**
- Recorded a net loss of ARS 50.3 billion in Q3 2025 due to margin compression and high cost of risk.
- Loan growth remained solid at 8% QoQ (real terms), led by corporate segment, while retail declined slightly.
- Deposit growth strong at 15% QoQ (real terms), with dollar deposits up 31% sequentially.
- CET1 ratio at 13.2% (14.5% in October), maintaining capital strength.
- Focus on strategic initiatives like SuperApp and remunerated accounts to deepen client relationships.

**【CFO Financial Commentary】**
- Net financial income declined 43% QoQ due to 90%+ 1-day interest rates and reserve requirements.
- Peso NIM dropped to 11.7%, total NIM to 10.8% (down 1,100/1,000 bps QoQ).
- 2025 guidance: 
  - Loan growth 35-40% (corporate-led), deposits 30-35%.
  - NPL ratio 4.7-5.1%, cost of risk 5.8-6.3%.
  - NIM 15-18%, ROE -5% to 0%.
  - CET1 ratio 12.5-13.5%.

**【Political Outlook (Alejandro Catterberg)】**
- Post-election government has strengthened political control, with Peronist Senate seats down from 34 to 28.
- Senate majority achievable with 11 additional seats, enabling reforms.
- Key reforms expected: labor, tax, Glacier Law (province-level glacier protections).
- Positive economic trends: energy surplus ($7B), mining investments, Vaca Muerta oil growth.

**【Q&A Highlights】**
- **Loan Growth**: 2026 corporate-led at 30-40%, retail resuming mid-2026. 2025 guidance maintained.
- **ROE Outlook**: 2026 target high single to low double digits, medium-term 15-20%.
- **Risk Management**: Tight origination standards, 110-120% coverage ratio.
- **Liquidity**: International debt tap possible, remunerated accounts strategy to stabilize deposits.
- **Political Risks**: FX reserve management, inflation persistence, labor tensions in new industries.

Grupo Supervielle S.A. (SUPV) Q3 2025 Earnings Call Transcript

- **Loan Growth Leader**: 14% QoQ loan expansion (71% YoY real), outpacing industry with 23% QoQ commercial lending surge.
- **Dollar Deposit Dominance**: US$943M deposits (+154% YoY), capturing 100bps market share, underpinning disciplined growth.
- **Digital Innovation Payoff**: Tienda Supervielle 5M+ sessions, WhatsApp transactions up exponentially, cross-sell with Invertir Online $28M in 4 weeks.
- **Financial Performance**: Net income +62% QoQ, ROE 6%, NIM 20.8% (160bps QoQ expansion).
- **Risk Management**: NPL ratio 2.7% (retail 4.5%), provisions +32% QoQ, CET1 13.9%.
- **2025 Outlook**: Loan growth 40-50%, ROE 5-10%, NIM 18-20%, cost of risk 5-5.5%.
- **Election Year Caution**: High real rates (50% Tamar) constrain growth, but post-Oct reforms expected to unlock demand.

**【CEO Summary Section】**
- **Loan Growth Outperformance**: Total loans grew 14% sequentially (71% YoY in real terms), driven by 23% QoQ growth in commercial lending (foreign trade loans, promissory notes). Retail loans expanded 2% QoQ after moderating origination.
- **Funding Strength**: US dollar deposits reached $943M (154% YoY growth), with 100bps market share gain. Peso deposits grew 24% YoY.
- **Strategic Initiatives**: 
  - Remunerated accounts saw payroll-linked balances increase 27% (pesos) and 18% (dollars) QoQ.
  - Tienda Supervielle achieved 5M sessions and 175K transactions since launch.
  - WhatsApp channel interactions grew exponentially, with 150K+ QoQ.
  - Cross-sell strategy with Invertir Online placed $28M in dollar term deposits in 4 weeks.
- **Capital Position**: CET1 ratio of 13.9%, with potential uplift to 16.7% if Basel III reforms pass.

**【CFO Financial Commentary】**
- **Net Income**: $13.6B pesos (62% QoQ growth), ROE 6%, driven by wider spreads and lower inflation adjustment (-34% QoQ).
- **Fee Income**: Down 13% QoQ due to delayed banking fee repricing, but +19% YoY.
- **Expense Management**: +4% QoQ (seasonal), -11% YoY through cost simplification.
- **Asset Quality**: NPL ratio 2.7% (retail 4.5%), coverage 130%. Provisions rose 32% QoQ to $4.45B.
- **NIM Expansion**: 20.8% (160bps QoQ), supported by 22.8% loan margins and 20.1% investment portfolio yields.
- **2025 Guidance**: 
  - Loan growth 40-50% YoY (40% retail, 50% commercial), 20-30% deposit growth.
  - ROE 5-10% (vs. prior 10-12%), CET1 12-13%.
  - NIM 18-20%, cost of risk 5-5.5%.

**【Q&A Highlights】**
- **Asset Quality**: NPL ratio expected to stabilize at 3-3.5%, with peak cost of risk at 4.5% Q2. Retail delinquency reflects credit normalization post-inflation decline.
- **ROE Outlook**: 5-10% for 2025, with upside in 2026 if monetary policy eases post-Oct elections.
- **Funding Challenges**: Peso deposit growth constrained by tight liquidity, but dollar deposits remain strong.
- **Competition**: Neobanks and fintechs entering market, but focus on SMEs and payroll clusters provides defensive position.
- **Regulatory Tailwinds**: Potential Basel III reforms could add 280bps to CET1 ratio.

Grupo Supervielle (SUPV) Q2 2025 Earnings Call Transcript

- **Retail Dominance**: Retail loans now 52% of portfolio (vs. 36% YoY ago), driving margin expansion.
- **Digital Innovation**: Launched remunerated accounts (32% interest), Tienda Supervielle app, and AI customer support.
- **Profitability Targets**: 12-15% ROE for 2025, CET1 12-13%.
- **Risk Management**: NPL ratio 2% (stable), cost of risk 4-4.5% for year.
- **Deposit Growth**: 40% real deposit growth target via remunerated accounts and CASA strategy.


**【CEO Opening Remarks】**
- Introduced a cluster-based strategy to strengthen retail and commercial customer value propositions.
- Loan growth modest sequentially due to external factors (peso liquidity, currency volatility), but retail loans now 52% of total (vs. 36% YoY ago).
- NPL ratio rose to 2% (aligned with industry), but below historical levels.
- Launched Argentina's first remunerated account, Tienda Supervielle app, and AI-powered WhatsApp customer support.
- Emphasized strategic shift to higher-margin retail segments and digital innovation.

**【CFO Financial Highlights】**
- Total loans +3% QoQ, +100% YoY (real terms), driven by retail (+196% YoY, 52% of portfolio).
- Retail loan segments: 
  - Personal loans +29% QoQ, +400% YoY
  - Car loans +12% QoQ, +600% YoY
  - Credit cards +5% QoQ, +100% YoY
- NPL ratio 2% (vs. 1.7% last quarter), cost of risk 5% (vs. 3.7% YoY ago).
- Client-related NIM 21.3% (up 60bps QoQ), total NIM 19.2% (down from 24.9% last quarter).
- Operating expenses -12% QoQ, -17% YoY; targeting 50-60% real loan growth for 2025.
- ROE expected 12-15% for year, CET1 ratio 12-13%.

**【Q&A Key Themes】**
1. **Asset Quality**: 
- NPL normalization due to retail growth, not corporate distress.
- Cost of risk guidance 4-4.5% (vs. 5.2% Q1), improving in future quarters.
- 88% of personal loans tied to payroll/pension accounts; 57% of retail loans collateralized.

2. **Capital Management**: 
- CET1 target 12-13%, comfortable with 11% as floor.
- No immediate plans to tap equity market, but may consider if growth accelerates.
- Regulatory changes reduced CET1 by 1.4% due to operational risk weighting.

3. **Deposit Strategy**: 
- Launched 32% annual interest remunerated accounts for payroll clients.
- Target 40% real deposit growth (40% peso, 60% dollar).
- 50% of customer base already migrated to remunerated accounts.

4. **NIM Compression**: 
- Q1 NIM decline due to treasury portfolio volatility, not loan margins.
- Loan NIM stable at 21.3%, expects 18-20% range as inflation eases.

5. **Government Policy Impact**: 
- Positive on recent measures to integrate undeclared dollars into economy.
- Anticipate Central Bank changes to remunerate dollar deposits.
- Inflation decelerating, supportive of loan demand recovery.


Grupo Supervielle S.A. (SUPV ) Q1 2025 Earnings Call Transcript

- **Loan Growth Supercharge**: 107% YoY loan expansion, retail loans now 48% of portfolio, targeting 50-60% by end-2025.
- **Digital Integration Success**: IOL contributes 15% of net income, 20% of fee income, with 1.4M accounts and $126M AUM in new fund.
- **Profitability Targets**: ROE of 15.7% in 2024, guiding to 12-15% in 2025 with sequential improvement. NIM expected to decline to 18-20%.
- **Capital Management**: CET1 >12% in 2025, potential Tier 2 issuance in 2026 to support >60% loan growth.
- **Risk Management**: NPL ratio at 1.3%, targeting 2.0-2.2% by year-end. Coverage ratio maintained at 160%.


**【CEO Opening Remarks】**
- 2024 marked a transformative year with loan book growth of 107% YoY, doubling the industry average. Retail loans now account for 48% of total portfolio, up from 40% a year ago.
- Net interest margin (NIM) stabilized at 25%, achieving ROE of 15.7% in line with targets. Digital transformation and IOL integration drove fee income growth, contributing 15% of net income.
- 2025 focus: retail lending expansion (50-60% of total loans), cost efficiency, and integration of IOL into the banking ecosystem.

**【CFO Financial Highlights】**
- Q4 2024: Loans grew 27% QoQ, deposits up 7% QoQ, with USD deposits surging 178% YoY. NPL ratio at 1.3%, lowest in 5 years.
- 2025 guidance: Loan growth >60% in real terms, NIM expected to decline to 18-20% due to lower inflation. ROE projected to improve sequentially, targeting 12-15% for the year.
- Capital management: CET1 ratio to remain above 12%, with potential Tier 2 capital issuance in 2026 to support growth.

**【IOL (Diego Pizzulli) Performance】**
- 1.4M accounts (57% YoY), 280K+ monthly active users (70% YoY), $26M in transactions (73% YoY). IOL Asset Management AUM reached $126M in 4 months.
- 2025 strategy: Expand SMB banking, wealth management, and crypto solutions. Integrate with Banco Supervielle to offer full-stack financial services.

**【Q&A Key Takeaways】**
- **Capital Adequacy**: CET1 ratio to stay above 12% in 2025, with potential Tier 2 issuance in 2026. Target long-term Tier 1 ratio of 11-12%.
- **Spread Compression**: NIM decline to 18-20% due to lower rates, but retail loan mix (50%+ by end-2025) will mitigate margin pressure.
- **Asset Quality**: NPL ratio expected to rise to 2.0-2.2% as lending expands, but coverage ratio remains strong at 160%.
- **IOL Growth**: 36% YoY net income growth, 20% of total fee income. 97% of IOL customers not banking with Supervielle, presenting significant cross-sell opportunity.


Actual								0.073	0.13	0.0766	0.0211	-0.0349	-0.0063	-0.0624	0.0023	-0.8028	-0.0374		0.3148	0.21	0.188	0.09	0.32	0.22	0.119	0.1369	-0.0057
Forecast								0.3779	0.1221	0.1042	0.1015	0.0464	0.0756	0.0617	-0.0078	-0.0288	0.0334	0.1742	0.18	0.3681	0.1663	0.1429	0.2209	0.1422	0.2514	0.1369	-0.028
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-80.68%	+6.47%	-26.49%	-79.21%	-175.22%	-108.33%	-201.13%	+129.49%	-2687.50%	-211.98%	0.00%	+74.89%	-42.95%	+13.05%	-37.02%	+44.86%	+54.71%	-52.67%	0.00%	+79.64%

Actual	--	--	--	--	--	--	--	108.65M	136.52M	73.15M	124.78M	129.18M	133.46M	136.98M	152.50M	138.47M	163.98M	--	--	--	204.19M	194.89M	200.82M	177.88M	178.38M	178.38M	189.80M
Forecast	--	--	--	--	--	--	--	139.58M	144.68M	138.99M	138.73M	156.66M	162.91M	152.36M	153.65M	153.20M	169.84M	--	--	--	--	194.42M	191.00M	--	--	178.38M	197.66M
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-22.16%	-5.64%	-47.37%	-10.06%	-17.54%	-18.07%	-10.09%	-0.75%	-9.62%	-3.45%	0.00%	0.00%	0.00%	0.00%	+0.24%	+5.14%	0.00%	0.00%	0.00%	-3.97%

SUPV

SUPV fundamentals

SUPV Q4 2025 Earnings

Earnings Call

You can ask Aime

SUPV

SUPV fundamentals

SUPV Q4 2025 Earnings

Earnings Call

SUPV Earnings Call Summary for Q4/20259:00 AM on Mar 3, 2026

SUPV Earnings Call Summary for Q3/20259:00 AM on Nov 26, 2025

SUPV Earnings Call Summary for Q2/20259:00 AM on Aug 14, 2025

SUPV Earnings Call Summary for Q1/202510:00 AM on May 28, 2025

SUPV Earnings Call Summary for Q4/202410:00 AM on Mar 11, 2025

You can ask Aime