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Stock impact report

Banco Santander México Reports First Quarter 2021 Net Income of Ps.3,279 Million

Banco Santander Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (BSMX) 
Company Research Source: PR Newswire
MEXICO CITY, April 28, 2021 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE: BSMX; BMV: BSMX), ("Banco Santander México" or "the Bank"), today announced financial results for the three-month period ending March 31st, 2021. Banco Santander México reported net income of Ps.3,279 million in 1Q21, representing decreases of 39.4% YoY and 40.2% QoQ. HIGHLIGHTSResults (Million pesos)1Q214Q201Q20%QoQ%YoYNet interest income15,58516,27216,896(4.2)(7.8)Fee and commission, net4,9024,7094,6974.14.4Core revenues20,48720,98121,593(2.4)(5.1)Provisions for loan losses7,0753,1525,165124.537.0Administrative and promotional expenses Show less Read more
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