Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Corporate and Investment Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services. The company also provides cash management, working capital solutions, and trade finance; structured credit and debt products, project finance, and asset based finance; financial and strategic advisory services for mergers and acquisition; solutions and services for investing and hedging; and Internet and mobile banking services. It serves individuals, private banking clients, small and medium-sized enterprises, middle-market corporations, government institutions, and corporate and institutional customers. As of December 31, 2020, it operated through a network of 1,350 offices; 9,448 ATMs; and 2,297 contact center positions. The company was formerly known as Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander and changed its name to Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in September 2012. The company was incorporated in 1932 and is headquartered in Mexico City, Mexico. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México is a subsidiary of Banco Santander, S.A.
IPO Year: 2012
Exchange: NYSE
Website: santander.com.mx
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/30/2022 | $6.00 | Overweight → Neutral | JP Morgan |
| 1/14/2022 | $7.00 | Neutral | Goldman |
| 11/18/2021 | $8.00 → $7.00 | Buy → Underperform | B of A Securities |
| 11/2/2021 | $7.50 | Buy → Hold | HSBC |
Total loans grew 5.2% YoY, with strong increase in individual loans, mainly due to double-digit growth in credit cards, payroll and auto loans.In terms of total deposits, we had solid growth of 14.6% YoY, driven by the good performance of term deposits, on the back of a higher interest rate environment. Meanwhile, contribution of individuals in total deposits represented 40.1%, compared with 24.2% in 2016.Net income increased 49.2% YoY, mainly due to the solid increase in NII and fees, despite increases in provisions and expenses. Thus, demonstrating that our strategy has significant potential in this current environment.MEXICO CITY, April 26, 2023 /PRNewswire/ -- Banco Santander México, S.A
MEXICO CITY, April 19, 2023 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX, BMV:BSMX) ("Banco Santander México" or the "Bank") one of the leading banking institutions in Mexico, announced today that it will release its first quarter 2023 financial results after market close on Wednesday, April 26, 2023. A conference call will be held on April 27, 2023 at 12:00 p.m. U.S. ET (10:00 a.m. Mexico City Time). The conference call can be accessed by dialing 1-844-826-3035 (U.S. & Canada) or 1-412-317-5195 (International) and ask for "Banco Santander México's Earnings Call". A presentation will also be available for download f
MEXICO CITY, Feb. 28, 2023 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BMV:BSMX, NYSE:BSMX) ("Banco Santander México" or the "Bank") one of the leading banking institutions in Mexico, announces that its Annual Report on Form 20-F (the "20-F"), reporting its financial and operational data for 2022, was filed with the U.S. Securities and Exchange Commission, or the SEC, on February 28, 2023. The Form 20-F can be accessed either by visiting the SEC's website at www.sec.gov or Santander Mexico's corporate website at www.santander.com.mx/ir. Any shareholder may receive a printed copy of the Form 20-F, which includes Santander Mex
Strong YoY total loan portfolio growth, highlighting a solid increase in individual loans, mainly due to double-digit growth in credit cards, payroll and auto loans. While loan volumes in the commercial portfolio were driven by increases of middle-market companies and financial entities.Total deposits showed a pick-up of 6.9% YoY, driven by term deposits on the back of a higher interest rate environment, while demand deposits reflected the Bank's profitability focus. Meanwhile, contribution of individuals in total deposits represented 41.4%, compared with 24.2% in 2016.Net income increased 19.7% YoY in 4Q22, mainly due to the solid increase in NII and fees, along with lower expenses resultin
MEXICO CITY, Jan. 18, 2023 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX, BMV:BSMX) ("Santander México"), one of the leading banks in Mexico, announced today that it will release its fourth quarter 2022 financial results after market close on Thursday, February 2, 2023. A conference call will be held on February 3, 2023 at 10:00 a.m. U.S. ET (9:00 a.m. Mexico City Time). The conference call can be accessed by dialing 1-877-407-4018 (U.S. & Canada) or 1-201-689-8471 (International) and ask for "Banco Santander México's Earnings Call". A presentation will also be available for download from the company's IR site after
Strong performance YoY in total loan portfolio growth, outpacing market performance, highlighting significant increase in individual loans. While loan volumes in the commercial portfolio were driven by a double-digit pick-up in middle-market and financial entities loans, despite soft SME loan demand.Total deposits remained relatively stable YoY. Term deposits were boosted by higher interest rate environment, while demand deposits reflected the Bank profitability focus. As a result of this estrategy, contribution of individuals in total deposits represented 38.2%, compared with 24.2% in 2016.Net income increased 69.1% YoY in 3Q22, mainly due to the solid increase in NII and fees, along with l
MEXICO CITY, Oct. 10, 2022 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX, BMV:BSMX) ("Santander México"), one of the leading banks in Mexico, announced today that it will release its third quarter 2022 financial results after market close on Thursday, October 27, 2022. A conference call will be held on October 28, 2022 at 10:00 a.m. U.S. ET (9:00 a.m. Mexico City Time). The conference call can be accessed by dialing 1-877-407-4018 (U.S. & Canada) or 1-201-689-8471 (International) and ask for "Banco Santander México's Earnings Call". A presentation will also be available for download from the company's IR site after m
Robust YoY total loan portfolio growth, outpacing market performance, highlighting solid performance in individual loans. While loan volumes in the commercial portfolio were driven by strong pick-up in middle-market and corporate loans, meanwhile SME loans, remained soft.Total deposits continued growing at a solid pace while the Bank carefully manages funding costs by improving funding mix by favoring individual deposits. As a result of this estrategy, contribution of individuals in total deposits represented 37.2%, compared with 24.2% in 2016.Net income increased 46.4% YoY in 2Q22, mainly due to the strong performance in core business income, along with lower provisions for loan losses.MEXI
MEXICO CITY, July 21, 2022 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BMV:BSMX, NYSE:BSMX) ("Banco Santander México" or the "Bank") one of the leading banking institutions in Mexico, announced that, on the date hereof, its Board of Directors approved the appointment of Mr. Felipe García Ascencio as Chief Executive Officer of the Bank, replacing Mr. Héctor Grisi Checa. Mr. Héctor Grisi will remain as Executive Chairman and Chief Executive Officer of Grupo Financiero Santander México (the "Group") until December 31, 2022. Mr. Felipe García Ascencio has a degree in Economics from the Instituto Tecnológico Autónomo de México an
MEXICO CITY, July 18, 2022 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX, BMV:BSMX) ("Santander México"), one of the leading banks in Mexico, announced today that it will release its second quarter 2022 financial results after market close on Thursday, July 28, 2022. A conference call will be held on July 29, 2022 at 10:00 a.m. U.S. ET (9:00 a.m. Mexico City Time). The conference call can be accessed by dialing 1-877-407-4018 (U.S. & Canada) or 1-201-689-8471 (International) and ask for "Banco Santander México's Earnings Call". A presentation will also be available for download from the company's IR site after market
JP Morgan downgraded Banco Santander Mexico from Overweight to Neutral and set a new price target of $6.00
Goldman resumed coverage of Banco Santander Mexico with a rating of Neutral and set a new price target of $7.00
B of A Securities downgraded Banco Santander Mexico from Buy to Underperform and set a new price target of $7.00 from $8.00 previously
HSBC downgraded Banco Santander Mexico from Buy to Hold and set a new price target of $7.50
HSBC Securities upgraded Banco Santander Mexico from Hold to Buy
JP Morgan upgraded Banco Santander Mexico from Neutral to Overweight and set a new price target of $6.50
UBS downgraded Banco Santander Mexico from Buy to Neutral
HSBC Securities downgraded Banco Santander Mexico from Buy to Hold
13F-NT - Banco Santander Mexico S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (0001698287) (Filer)
SC 13E3/A - Banco Santander Mexico S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (0001698287) (Subject)
SC TO-T/A - Banco Santander Mexico S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (0001698287) (Subject)
SC 13E3/A - Banco Santander Mexico S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (0001698287) (Subject)
SC TO-T/A - Banco Santander Mexico S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (0001698287) (Subject)
SC14D9C - Banco Santander Mexico S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (0001698287) (Subject)
15-12G - Banco Santander Mexico S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (0001698287) (Filer)
6-K - Banco Santander Mexico S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (0001698287) (Filer)
SC14D9C - Banco Santander Mexico S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (0001698287) (Subject)
6-K - Banco Santander Mexico S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (0001698287) (Filer)
MEXICO CITY, July 21, 2022 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BMV:BSMX, NYSE:BSMX) ("Banco Santander México" or the "Bank") one of the leading banking institutions in Mexico, announced that, on the date hereof, its Board of Directors approved the appointment of Mr. Felipe García Ascencio as Chief Executive Officer of the Bank, replacing Mr. Héctor Grisi Checa. Mr. Héctor Grisi will remain as Executive Chairman and Chief Executive Officer of Grupo Financiero Santander México (the "Group") until December 31, 2022. Mr. Felipe García Ascencio has a degree in Economics from the Instituto Tecnológico Autónomo de México an
MEXICO CITY, April 19, 2023 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX, BMV:BSMX) ("Banco Santander México" or the "Bank") one of the leading banking institutions in Mexico, announced today that it will release its first quarter 2023 financial results after market close on Wednesday, April 26, 2023. A conference call will be held on April 27, 2023 at 12:00 p.m. U.S. ET (10:00 a.m. Mexico City Time). The conference call can be accessed by dialing 1-844-826-3035 (U.S. & Canada) or 1-412-317-5195 (International) and ask for "Banco Santander México's Earnings Call". A presentation will also be available for download f
MEXICO CITY, Jan. 18, 2023 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX, BMV:BSMX) ("Santander México"), one of the leading banks in Mexico, announced today that it will release its fourth quarter 2022 financial results after market close on Thursday, February 2, 2023. A conference call will be held on February 3, 2023 at 10:00 a.m. U.S. ET (9:00 a.m. Mexico City Time). The conference call can be accessed by dialing 1-877-407-4018 (U.S. & Canada) or 1-201-689-8471 (International) and ask for "Banco Santander México's Earnings Call". A presentation will also be available for download from the company's IR site after
MEXICO CITY, Oct. 10, 2022 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX, BMV:BSMX) ("Santander México"), one of the leading banks in Mexico, announced today that it will release its third quarter 2022 financial results after market close on Thursday, October 27, 2022. A conference call will be held on October 28, 2022 at 10:00 a.m. U.S. ET (9:00 a.m. Mexico City Time). The conference call can be accessed by dialing 1-877-407-4018 (U.S. & Canada) or 1-201-689-8471 (International) and ask for "Banco Santander México's Earnings Call". A presentation will also be available for download from the company's IR site after m
MEXICO CITY, July 18, 2022 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX, BMV:BSMX) ("Santander México"), one of the leading banks in Mexico, announced today that it will release its second quarter 2022 financial results after market close on Thursday, July 28, 2022. A conference call will be held on July 29, 2022 at 10:00 a.m. U.S. ET (9:00 a.m. Mexico City Time). The conference call can be accessed by dialing 1-877-407-4018 (U.S. & Canada) or 1-201-689-8471 (International) and ask for "Banco Santander México's Earnings Call". A presentation will also be available for download from the company's IR site after market
MEXICO CITY, April 11, 2022 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX, BMV:BSMX) ("Santander México"), one of the leading banks in Mexico, announced today that it will release its first quarter 2022 financial results after market close on Thursday, April 28, 2022. A conference call will be held on April 29, 2022 at 10:00 a.m. U.S. ET (9:00 a.m. Mexico City Time). The conference call can be accessed by dialing 1-877-407-4018 (U.S. & Canada) or 1-201-689-8471 (International) and ask for "Banco Santander México's Earnings Call". A presentation will also be available for download from the company's IR site after mark
MEXICO CITY, Jan. 18, 2022 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX, BMV:BSMX) ("Santander México"), one of the leading banks in Mexico, announced today that it will release its fiscal fourth quarter 2021 financial results after market close on Thursday, February 3rd, 2022. A conference call will be held on February 4th, 2022 at 10:00 a.m. U.S. ET (9:00 a.m. Mexico City Time). The conference call can be accessed by dialing 1-877-407-4018 (U.S. & Canada) or 1-201-689-8471 (International) and ask for "Banco Santander México's Earnings Call". A presentation will also be available for download from the company's IR
MEXICO CITY, Oct. 12, 2021 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX, BMV:BSMX) ("Santander México"), one of the leading banks in Mexico, announced today that it will release its fiscal third quarter 2021 financial results after market close on Thursday, October 28th, 2021. A conference call will be held on October 29th, 2021 at 10:00 a.m. U.S. ET (9:00 a.m. Mexico City Time). The conference call can be accessed by dialing 1-877-407-4018 (U.S. & Canada) or 1-201-689-8471 (International) and ask for "Banco Santander México's Earnings Call". A presentation will also be available for download from the company's IR
MEXICO CITY, July 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 and six-month periods ending June 30th, 2021. Banco Santander México reported net income of Ps.4,713 million in 2Q21, representing increases of 11.4% YoY and 43.7% QoQ. On a cumulative basis, net income for the first half of the year, reached Ps.7,992 million, representing a 17.1% YoY decrease. HIGHLIGHTS Results (Million pesos) 2Q21 1Q21 2Q20 %QoQ %YoY 6M21 6M20 %YoY Net interest income 15,770 15,585 15,931 1.2 (1.0) 31,355 32,827 (4.5)
MEXICO CITY, May 10, 2021 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BMV:BSMX, NYSE:BSMX) ("Banco Santander México" or "Banco") one of the main banks in Mexico, announced today that by approval of its Board of Directors today, a Shareholders' General Ordinary and Extraordinary Meeting will be held on June 9, 2021, in which the following, among others, shall be considered for approval: (i) the payment of a dividend in cash, up to the amount and on the date to be determined by the meeting and (ii) the cancelation of the registration in the National Securities Registry (Registro Nacional de Valores) as well as the listing on t
SC 13D - Banco Santander Mexico S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (0001698287) (Subject)