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Banco Santander México reported a net income of Ps.5,111 million for 1Q22, showing a significant 55.9% year-over-year increase. The growth was primarily driven by a rise in net interest income and lower provisions for loan losses. Total loans reached Ps.770,440 million, while total deposits grew to Ps.787,057 million. The bank's individual deposit contribution improved to 37.7% from 24.2% in 2016, reflecting enhanced funding strategies. However, net income decreased by 2.6% compared to the previous quarter.
Banco Santander México (NYSE:BSMX) announced it will release its first quarter 2022 financial results after market close on April 28, 2022. A conference call is scheduled for April 29, 2022, at 10:00 a.m. U.S. ET, accessible via phone or a webcast. Replay of the call will be available from 1:00 p.m. U.S. ET on April 29 until May 6, 2022. As of December 31, 2021, the bank reported total assets of Ps.1,639 billion and over 19.5 million customers.
Banco Santander México has filed its Annual Report on Form 20-F with the SEC, detailing its financial and operational data for 2021. This report can be accessed via the SEC website or Santander México's corporate site. As of December 31, 2021, the bank reported total assets of Ps.1,678 billion and served over 19.5 million customers. The bank currently operates 1,346 branches and employs 25,276 people across Mexico.
Banco Santander México (BSMX) reported 4Q21 net income of Ps.5,245 million, a YoY decrease of 4.3% but a QoQ increase of 8.3%. For 12M21, net income fell by 10.3% to Ps.18,080 million. Key metrics included net interest income of Ps.16,046 million, a 1.4% YoY decline, and core revenues of Ps.20,806 million, down 0.8% YoY. Total assets dropped 11.7% YoY to Ps.1,639,652 million. The bank's loan portfolio saw a 6.9% increase in total loans. Despite facing challenges from the pandemic, the bank emphasized strengthening client loyalty and digital product enhancements.
Banco Santander México (NYSE: BSMX) will release its fiscal fourth quarter 2021 financial results after market close on February 3, 2022. A conference call is scheduled for February 4, 2022, at 10:00 a.m. ET, accessible via phone or webcast. Additionally, a telephonic replay will be available from February 4 until February 11, 2022. The bank, a key player in Mexico's financial services sector, had total assets of Ps.1,669 billion as of September 30, 2021 and serves over 19.4 million customers.
Banco Santander México reported financial results for 3Q21, with a net income of Ps.4,843 million, reflecting a year-over-year decline of 3.7% but a quarterly rise of 2.8%. For the first nine months of 2021, net income totaled Ps.12,835 million, down 12.5% year-over-year. Key highlights include a net interest income of Ps.15,684 million, a 2.5% decrease YoY, and a decrease in total loans by 2.7%. The bank maintained a strong capital ratio of 21.46% and saw a decrease in non-performing loans (NPLs) to 2.85%. The management remains optimistic about gradual recovery in loan volumes.
Banco Santander México (NYSE: BSMX) will disclose its fiscal Q3 2021 financial results on October 28, 2021, after market close. A conference call is scheduled for October 29 at 10:00 a.m. ET, accessible via phone and web. A replay of the call will be available from 1:00 p.m. ET on the 29th until November 5, 2021. As of June 30, 2021, Santander México held total assets of Ps.1,634 billion and served over 19.2 million customers through its extensive branch network across Mexico.
Banco Santander México reported a net income of Ps.4,713 million in 2Q21, marking an 11.4% year-over-year increase and a 43.7% quarter-over-quarter rise. However, cumulative net income for the first half is down 17.1% YoY at Ps.7,992 million. Total assets decreased 6.5% QoQ and 15.3% YoY, while deposits fell 2.9% YoY. Notably, net interest income grew slightly by 1.2% QoQ but fell 1.0% YoY. A 28.4% reduction in provisions for loan losses indicated improved risk management. Digital transactions rose to 41% of total transactions, reflecting ongoing digital banking advancements.
Banco Santander México (NYSE:BSMX) announced it will release its fiscal second quarter 2021 financial results after market close on July 28, 2021. A conference call is scheduled for July 29, 2021, at 11:00 a.m. U.S. ET. Participants can access the call via specified U.S. and international numbers. An audio replay will be available from July 29 to August 5, 2021. As of March 31, 2021, the bank reported total assets of Ps. 1,748 billion and serves more than 19 million clients in Mexico, operating over 1,350 branches.
Banco Santander México announced a Shareholders' Meeting on June 9, 2021, to discuss a potential cash dividend payment and the delisting of its shares from the National Securities Registry. If approved, the dividend per share will be deducted from the public acquisition offer price of Ps. 24.00. As of March 31, 2021, the bank reported total assets of Ps. 1,748 billion and serves over 19 million clients. This meeting aims to address significant financial decisions impacting shareholders.
