Grupo Supervielle S.A., a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal and Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit cards, debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees. The company also provides foreign trade finance and cash management; advisory services; treasury services; insurance products primarily personal accidents insurance, protected bag insurance, life insurance, and integral insurance policies for entrepreneurs and SMEs; and asset management and other services, as well as operates as an online broker. As of December 31, 2020, it operates through a network of 302 access points, including 185 bank branches, 13 banking payment and collection centers, 79 CCF sales points, 20 consumer finance branches, and 5 MILA's customer support offices, as well as 457 ATMs, 221 self-service terminals, and 256 ATMs with biometric identification. The company was formerly known as Inversiones y Participaciones S.A. and changed its name to Grupo Supervielle S.A. in November 2008. Grupo Supervielle S.A. was founded in 1887 and is headquartered in Buenos Aires, Argentina.
IPO Year: 2016
Exchange: NYSE
Website: gruposupervielle.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/8/2024 | $7.00 | Underperform → Neutral | BofA Securities |
| 1/20/2022 | Neutral → Underweight | JP Morgan |
2Q24 Net Income at AR$17.1 billion with ROAE at 10.4% 6M24 Net Income reached AR$72.2 billion and ROAE 22.1% 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 and sixth-month period ended June 30, 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 Commentary Commenting on second quarter 2024 results, Patricio Supervielle, Grupo Supervielle's Chairman & CEO, noted: "We reported a solid per
The succession process, announced in April 2024, has been completed; Alejandro Stengel will be stepping down from his position. Grupo Supervielle S.A. (NYSE:SUPV) (BYMA: SUPV) ("Supervielle" or the "Company"), a universal financial services group headquartered in Argentina with a nationwide presence, announced today that Mr. Gustavo Manriquez has been appointed as CEO of Banco Supervielle, effective October 1, 2024. Prior to his appointment as CEO of Banco Supervielle, and since 2016, Gustavo served as CEO and General Manager of Banco Macro. During his tenure, he focused on positioning the bank as one of the leading private franchises in the country and developed a digital strategy that f
SC 13G/A - Grupo Supervielle S.A. (0001517399) (Subject)
SC 13G/A - Grupo Supervielle S.A. (0001517399) (Subject)
SC 13G/A - Grupo Supervielle S.A. (0001517399) (Subject)
SC 13G/A - Grupo Supervielle S.A. (0001517399) (Subject)
SC 13G - Grupo Supervielle S.A. (0001517399) (Subject)
BofA Securities upgraded Grupo Supervielle from Underperform to Neutral and set a new price target of $7.00
JP Morgan downgraded Grupo Supervielle from Neutral to Underweight
6-K - Grupo Supervielle S.A. (0001517399) (Filer)
6-K - Grupo Supervielle S.A. (0001517399) (Filer)
6-K - Grupo Supervielle S.A. (0001517399) (Filer)
6-K - Grupo Supervielle S.A. (0001517399) (Filer)
6-K - Grupo Supervielle S.A. (0001517399) (Filer)
6-K - Grupo Supervielle S.A. (0001517399) (Filer)
6-K - Grupo Supervielle S.A. (0001517399) (Filer)
6-K - Grupo Supervielle S.A. (0001517399) (Filer)
6-K - Grupo Supervielle S.A. (0001517399) (Filer)
6-K - Grupo Supervielle S.A. (0001517399) (Filer)
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The sharp YoY increase in Net Income reflects the successful execution of the Company’s strategic plan implemented in 2022 and 2023 to optimize operations, consolidate businesses, grow in profitable products and increase cross-sell. ROAE increased to 33.8% in 1Q24 from 2.0% in 1Q23 and 26.9% in 4Q23. ROAA was 7.4% in 1Q24 compared to 0.3% in 1Q23 and positive 5.3% in 4Q23. Profit before income tax increased to AR$72.4 billion in 1Q24 compared to a gain of AR$6.6 billion in 1Q23 and AR$61.2 billion in 4Q23.
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Grupo Supervielle (NYSE:SUPV) reported quarterly earnings of $0.35 per share. This is a 877.78 percent increase over losses of $(0.04) per share from the same period last year. The company reported $211.70 million in sales this quarter. This is a 42.36 percent increase over sales of $148.71 million the same period last year.
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The succession process, announced in April 2024, has been completed; Alejandro Stengel will be stepping down from his position. Grupo Supervielle S.A. (NYSE:SUPV) (BYMA: SUPV) ("Supervielle" or the "Company"), a universal financial services group headquartered in Argentina with a nationwide presence, announced today that Mr. Gustavo Manriquez has been appointed as CEO of Banco Supervielle, effective October 1, 2024. Prior to his appointment as CEO of Banco Supervielle, and since 2016, Gustavo served as CEO and General Manager of Banco Macro. During his tenure, he focused on positioning the bank as one of the leading private franchises in the country and developed a digital strategy that f
2Q24 Net Income at AR$17.1 billion with ROAE at 10.4% 6M24 Net Income reached AR$72.2 billion and ROAE 22.1% 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 and sixth-month period ended June 30, 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 Commentary Commenting on second quarter 2024 results, Patricio Supervielle, Grupo Supervielle's Chairman & CEO, noted: "We reported a solid per
Delivering improved profitability of AR$46.5 billion in 1Q24 with ROAE at 33.8% 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 Commentary Commenting on first quarter 2024 results, Patricio Supervielle, Grupo Supervielle's Chairman & CEO, noted: "We delivered a robust first quarter, reporting another record hi
GRUPO SUPERVIELLE S.A. (NYSE:SUPV) ("the Company") announced that on April 26, 2024, the Company filed its annual report on Form 20-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission (the "SEC"). The Company's financial statements for the year ended 2023 were issued under the International Financial Reporting Standards ("IFRS") as adopted by the Central Bank of the Republic of Argentina (the "BCRA"), subject to the following exceptions: (i) IFRS 9 "Financial Instruments" with respect to expected credit loss of financial instruments of the public sector; (ii) option to classify holdings in dual bonds at amortized cost or fair value through other compreh
Delivering improved profitability of AR$22.5 billion in 4Q23 and AR$51.4 billion in FY23 with ROE at 26.9% and 16.7% respectively. 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 and twelve-months period ended December 31, 2023. 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 Commentary Commenting on fourth quarter 2023 results, Patricio Supervielle, Grupo Supervielle's Chairman & CEO, noted
Delivering improved profitability with ROE at 18.5% in 3Q23, and 12.9% in 9M23 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 and nine-months period ended September 30, 2023. 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 Commentary Commenting on third quarter 2023 results, Patricio Supervielle, Grupo Supervielle's Chairman & CEO, noted: "We are pleased to report another quarter with impro
Delivered 2Q23 ROAE of 17.6% in real terms; Consistent strategy execution drives swing in profitability to 9.9% ROAE in real terms in 1H23 from negative 6% in 1H22. 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 and six-months period ended June 30, 2023. 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. In 3Q22 IUDU adopted IFRS 9 for the fiscal year beginning on January 1, 2022, and the IFRS 9 transition
Delivered profitability with ROE at 2% in real terms; Tier 1 Capital Ratio at 14.7% 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-months period ended March 31, 2023. 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. In 3Q22 IUDU adopted IFRS 9 for the fiscal year beginning on January 1, 2022, and the IFRS 9 transition date was scheduled for January 1, 2021. For comparative purposes, and according to IAS
GRUPO SUPERVIELLE S.A. (NYSE:SUPV) ("the Company") announced that on April 26, 2023, the Company filed its annual report on Form 20-F for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission (the "SEC"). The Company's financial statements for the year ended 2022 were issued under the International Financial Reporting Standards ("IFRS") as adopted by the Central Bank of the Republic of Argentina (the "BCRA"), i.e. excluding paragraph 5.5 (Impairment) of IFRS 9 "Financial Instruments" with respect to expected credit loss of financial instruments of the public sector. Notwithstanding the foregoing, the Company's financial statements filed with the SEC have been
Successful execution of strategic pillars advancing on return to profitability by the close of 2Q23; Tier 1 Capital Ratio at 13% 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 and twelve-months period ended December 31, 2022. Management Commentary Commenting on fourth quarter and year-end 2022 results, Patricio Supervielle, Grupo Supervielle's Chairman & CEO, noted: "This was a transformational year for our Company and we remain on track to achieve positive ROE by the close of 2Q23. We streamlined our network and merged our c