# Banorte Third-Quarter Net Income Rises 20% to 15.658 Billion Pesos

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/48379
Published: 2026-11-04T09:19:38.000Z
Updated: 2026-11-04T09:19:38.000Z
Section: Business

> Net interest income rose 5%, and bank deposits increased 13%. The year-earlier comparisons use revised figures.

Grupo Financiero Banorte, S.A.B. de C.V. earned 15.658 billion Mexican pesos in the quarter ended Sept. 30, a 20% increase measured against revised results for the same period of 2025.

Net interest income rose 5% to 38.127 billion pesos. Bank deposits increased 13% to 1.244632 trillion pesos, while deposits across the wider group rose 13% to 1.309241 trillion pesos.

Loans classified in stages 1 and 2 grew 11% from a year earlier. For the first nine months of 2026, net income reached 46.667 billion pesos, up 9% from the comparable period.

Banorte retroactively removed Bineo and Tarjetas del Futuro from its consolidated 2025 results. The revised figures used for its year-over-year comparisons therefore differ from those published for the corresponding periods last year.