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Stock impact report

Grupo Supervielle Reports 1Q24 Results

Grupo Supervielle S.A. American Depositary Shares each Representing five Class B shares (SUPV) 
Last grupo supervielle s.a. american depositary shares each representing five class b shares earnings: 2/19 04:38 pm Check Earnings Report
Company Research Source: Business Wire
Delivering improved profitability of AR$46.5 billion in 1Q24 with ROAE at 33.8% BUENOS AIRES, Argentina--(BUSINESS WIRE)--Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three month period ended March 31, 2024.Starting 1Q20, the Company began reporting results applying Hyperinflation Accounting, in accordance with IFRS rule IAS 29 (“IAS 29”) as established by the Central Bank.Management CommentaryCommenting on first quarter 2024 results, Patricio Supervielle, Grupo Supervielle’s Chairman & CEO, noted: “We delivered a robust first quarter, reporting another record high ROAE of nearly 34% in real terms. This was driven by an unusually high Net Interest Margin (NIM) of 62%, sequentially improved efficiencies, and lower loan loss provisions.While there is still much work to do, the policies implemented over the last five months are Show less Read more
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