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Grupo Financiero InbursaB de CV (Grupo Financiero InbursaB de CV) Net Income

: $1,698 Mil (TTM As of Sep. 2023)
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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Grupo Financiero InbursaB de CV's Net Income for the three months ended in Sep. 2023 was $434 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was $1,698 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Grupo Financiero InbursaB de CV's Earnings per Share (Diluted) for the three months ended in Sep. 2023 was $0.29.


Grupo Financiero InbursaB de CV Net Income Historical Data

The historical data trend for Grupo Financiero InbursaB de CV's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Grupo Financiero InbursaB de CV Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net Income
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 870.89 685.37 636.54 1,018.43 1,255.08

Grupo Financiero InbursaB de CV Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 205.50 511.07 413.83 339.95 433.54

Grupo Financiero InbursaB de CV Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Grupo Financiero InbursaB de CV's Net Income for the fiscal year that ended in Dec. 2022 is calculated as

Net Income(A: Dec. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=1496.563+-240.152+0+-1.3330000000001
=1,255

Grupo Financiero InbursaB de CV's Net Income for the quarter that ended in Sep. 2023 is calculated as

Net Income(Q: Sep. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=568.132+-135.215+0+0.62500000000006
=434

Net Income for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,698 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Grupo Financiero InbursaB de CV  (OTCPK:GPFOY) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Grupo Financiero InbursaB de CV's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Grupo Financiero InbursaB de CV Net Income Related Terms

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Grupo Financiero InbursaB de CV (Grupo Financiero InbursaB de CV) Business Description

Traded in Other Exchanges
Address
Av. Paseo de las Palmas 736, Lomas de Chapultepec, Mexico DF, MEX, 11000
Grupo Financiero Inbursa SAB de CV is a Mexican financial services company. The company offers retail and commercial banking services. Banco do Brasil serves retail clients (small and midsize enterprises and individuals) and wholesale clients (corporations). The retail segment provides auto loans, mortgage loans, and personal credit cards.

Grupo Financiero InbursaB de CV (Grupo Financiero InbursaB de CV) Headlines

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