Grupo Supervielle reported a return to profitability in the second quarter of 2026, posting attributable net income of Ps. 12.8 billion. Results were bolstered by significant NIM expansion to 20.3% and the execution of a rightsizing plan that reduced total headcount by 17% compared to year-end 2025. While reported income was weighed down by Ps. 36 billion in extraordinary severance charges, the adjusted net income of Ps. 36.2 billion reflects a strengthening recovery in underlying earnings capacity as funding costs declined faster than asset yields.
Key Highlights
- Net Interest Margin (NIM) expanded 253 basis points sequentially to 20.3%, driven by a 28.0% QoQ decline in interest expenses.
- The structural transformation reached a milestone with headcount 17% below year-end 2025 levels, driving an adjusted efficiency ratio of 52.3%.
- Asset quality showed signs of an inflection point with the NPL ratio improving to 5.5% and NPL formation declining for the second consecutive quarter.