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As of 4:30 PM 11/19/14 All times are local (Market data is delayed by at least 15 minutes).

grupo financiero galicia-b (GGABF) Key Developments

Grupo Financiero Galicia S.A. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Grupo Financiero Galicia S.A. reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, financial income was ARS 4,884.4 million against ARS 3,412.1 million last year. Income from services, net was ARS 1,576.7 million against ARS 1,108.3 million last year. Income from insurance activities was ARS 301.4 million against ARS 230.4 million last year. Net income for the quarter ended September 30, 2014, amounted to ARS 931.2 million or ARS 0.716 per share, equal to ARS 7.162 per ADS against net income of ARS 536.0 million or ARS 0.432 per share and ARS 4.320 per ADS last year. This result was primarily attributable to the income derived from interest in Banco de Galicia y Buenos Aires S.A. in the amount of ARS 876.9 million, in Sudamericana Holding S.A. in the amount of ARS. 51.6 million and from the deferred tax adjustment in the amount of ARS 14.3 million partially offset by administrative and financial expenses of ARS 29.6 million. Annualized return on average assets was 4.25% against 3.39% last year. Annualized return on average shareholders’ equity was 41.78% against 37.19% last year. For the nine months, earnings per share were ARS 1.888 or ARS 18.882 per ADS against earnings per share of ARS 0.964 or ARS 9.640 per ADS last year. Book value per share was ARS 7.201 against ARS 4.867 at September 30, 2013. Book value per ADS was ARS 72.012 against ARS 48.670 at September 30, 2013. Annualized return on average assets was 3.88% against 2.71% last year. Annualized return on average shareholders’ equity was 40.19% against 29.69% last year. Net income was ARS 2,455.1 million against net income of ARS 1,196.7 million last year.

Grupo Financiero Galicia S.A., Q3 2014 Earnings Call, Nov 07, 2014

Grupo Financiero Galicia S.A., Q3 2014 Earnings Call, Nov 07, 2014

Grupo Financiero Galicia S.A. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Grupo Financiero Galicia S.A. announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported earnings per share of ARS 0.533 compared to ARS 0.291 for the same period a year ago. Earnings per ADS were ARS 5.332 compared to ARS 2.910 for the same period a year ago. Book value per share was ARS 6.485 compared to ARS 4.436 for the same period a year ago. Return on average assets was 3.27% compared to 2.47% for the same period a year ago. Return on average shareholders’ equity was 34.32% compared to 27.68% for the same period a year ago. Net income was ARS 693.2 million compared to ARS 361.8 million for the same period a year ago. Financial income was ARS 4,944.3 million compared to ARS 2,947.6 million for the same period a year ago. For the six months, the company reported earnings per share of ARS 1.172 compared to ARS 0.532 for the same period a year ago. Earnings per ADS were ARS 11.720 compared to ARS 5.320 for the same period a year ago. Book value per share was ARS 6.485 compared to ARS 4.436 for the same period a year ago. Return on average assets was 3.68% compared to 2.34% for the same period a year ago. Return on average shareholders’ equity was 39.27% compared to 25.77% for the same period a year ago. Net income was ARS 1,523.9 million compared to ARS 660.7 million for the same period a year ago.

Grupo Financiero Galicia S.A., Q2 2014 Earnings Call, Aug 11, 2014

Grupo Financiero Galicia S.A., Q2 2014 Earnings Call, Aug 11, 2014

Grupo Financiero Galicia S.A. Announces Change of Corporate Headquarters

On May 8, 2014, the board of directors of Grupo Financiero Galicia S.A. resolved to change the company's corporate headquarters, effective May 21, 2014, to Tte. Gral. Juan D. Per n 430, 25 Floor, Buenos Aires, Argentina, CP1038.

 

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