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Banco Santander México reported financial results for 1Q21 showing a net income of Ps.3,279 million, down 39.4% YoY and 40.2% QoQ. Key highlights include a 7.8% decrease in net interest income and a significant rise of 124.5% in provisions for loan losses. While individual demand deposits grew by over 20%, total loans decreased by 8% YoY. The bank's NPLs ratio rose to 2.91%, and ROAE fell to 8.24%. The parent company plans a tender offer for the remaining shares and intends to de-list the bank from stock exchanges, reaffirming trust in its operations.
Banco Santander México (NYSE: BSMX) will announce its fiscal first quarter 2021 financial results after market close on April 28, 2021. A conference call to discuss the results is scheduled for April 29, 2021, at 10:00 a.m. U.S. ET. Interested participants can join by calling 1-877-407-4018 in the U.S. or 1-201-689-8471 internationally. A presentation will be available on the company's investor relations site after the results are released. Archived audio of the call will be accessible on their website following the event.
Banco Santander México has filed its Annual Report on Form 20-F with the SEC for the fiscal year 2020, which includes comprehensive financial data. As of December 31, 2020, the bank reported total assets of Ps.1,856 billion and had over 18.7 million clients. The 20-F can be accessed via the SEC's website or Santander Mexico's corporate site. Shareholders can request a free printed copy of the report. Santander Mexico remains a prominent player in the Mexican banking sector, focusing on retail banking and offering services to various income segments.
Banco Santander México (NYSE: BSMX) announced its 4Q20 financial results, reporting a net income of Ps.5,480 million, up 11.5% YoY and 8.9% QoQ. However, for 12M20, net income decreased by 5.5% YoY to Ps.20,154 million. Key figures include a net interest income of Ps.16,272 million, a slight decline of 2.7% YoY, and total assets increasing by 31.5% YoY. Provisions for loan losses fell significantly by 35.2% QoQ. The bank noted strong performance in mortgages and auto loans despite challenges in the market, with digital transactions accounting for 34% of total transactions.
Banco Santander México (NYSE: BSMX) will release its fiscal Q4 2020 financial results after market close on February 3, 2021. A conference call is scheduled for February 4, 2021, at 11:00 a.m. U.S. ET, accessible via phone or online. The presentation will be available on their IR website after the results announcement. The bank, headquartered in Mexico City, reported total assets of Ps.1,859 billion as of September 30, 2020, serving over 18.7 million customers.
Banco Santander México (NYSE: BSMX) reported financial results for Q3 and the first nine months of 2020. The bank recorded a net income of Ps.5,030 million for Q3 2020, an 8.8% decline YoY but an 18.9% increase QoQ. Cumulative net income for the first nine months fell 10.6% YoY to Ps.14,674 million. Key metrics included a net interest income of Ps.16,089 million, indicating a 3.0% YoY decrease, while total assets grew by 27.2% YoY to Ps.1,858,684 million. The NPL ratio stood at 2.09%, and the bank maintains strong capital ratios despite challenging conditions.
Banco Santander México announced it will release its fiscal Q3 2020 financial results after market close on October 28, 2020. A conference call to discuss the results is scheduled for October 29, 2020, at 12:00 p.m. ET, accessible via specific phone numbers for U.S. and international callers. The presentation will be available on the company’s investor relations site following the results announcement. A replay of the conference call can be accessed until November 5, 2020 and will also be archived on the website.
Banco Santander México reported financial results for Q2 2020, revealing a net income of Ps.4,230 million, down 24.6% YoY and 21.9% QoQ. For the first half of 2020, net income reached Ps.9,644 million, an 11.5% decrease from the previous year. Key highlights include a 5.7% decline in net interest income and a significant increase in provisions for loan losses by 61.7% QoQ, amounting to Ps.8,350 million. Despite challenges, total assets grew 7.1% QoQ, and total deposits increased 9.5% YoY. Digital channels saw substantial engagement with digital sales nearly doubling.
Banco Santander México (NYSE: BSMX) will release its fiscal Q2 2020 financial results after the market closes on July 29, 2020. A conference call to discuss the results is scheduled for July 30, 2020, at 10:00 a.m. ET. Interested parties can participate by dialing 1-866-548-4713 (U.S. & Canada) or 1-323-794-2093 (International).
A presentation will also be available for download on their investor relations site after the results are released. The call will be archived on their website.
