Grupo Supervielle misses earnings by $0.02 per share, revenue meets forecasts

Grupo Supervielle reported second-quarter earnings that missed analyst estimates by $0.02 per share, while revenue aligned with projections.

The Buenos Aires-based bank posted earnings per share of $0.10, below the $0.12 consensus estimate compiled by Refinitiv. Revenue totaled $19.8 billion Argentine pesos, matching the median forecast of $19.8 billion.

Net income for the quarter reached $2.9 billion pesos, a 12% decline from the same period last year. The bank cited higher credit provisions and operating expenses as key drags on profitability.

Management noted that macroeconomic volatility in Argentina, including inflation and currency fluctuations, continued to pressure financial performance. Loan growth slowed to 45% year-over-year, down from 58% in the prior quarter, as tighter credit conditions weighed on demand.

Grupo Supervielle’s shares fell 3.2% in after-hours trading following the release. The stock has declined 12% over the past month amid broader sell-offs in Argentine financials.

Analysts at Balanz Capital maintained a neutral rating on the stock, citing the bank’s exposure to Argentina’s economic challenges. The firm set a price target of $1,200 per ADR, representing a modest upside from current levels.

The earnings report follows a challenging quarter for Argentine banks, with most lenders reporting weaker-than-expected results due to rising non-performing loans and regulatory pressures.