Grupo Financiero Galicia S.A. (GGAL) Earnings Call Transcripts

Grupo Financiero Galicia S.A.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Grupo Financiero Galicia (GGAL:AR) reported a net income of ARS 66.5 billion, a significant decline of 66% year-over-year, reflecting a return on average assets of 0.6% and a return on average shareholders' equity of 3.2%. Revenue increased by 22.4% year-over-year, but elevated loan loss provisions and lower intermediation volumes pressured net interest income. Management has adjusted its loan growth guidance to a range of 20% to 25% for the year, down from previous expectations, while maintaining a low double-digit ROE target of 10% to 11%.

Reported metrics

Guidance from management

Management maintained its ROE guidance for 2026 in the low double-digit range of 10%-11%, despite a challenging first quarter. They expect sequential improvement in profitability and asset quality throughout the year.

What management said

Hello, thank you. Yes, of course, I mean, in fact, if you take a look at the numbers of the first quarter of this year, even though we posted a net loss of almost ARS 19 billion, this loss represented already a 60% recovery from the previous quarter loss that was almost around ARS 50 billion. So this recovery was mainly driven by a decline in loan provisions and in line with the downward trend that we already seen in...

Yes, sure, Ernesto. Well, first, I think it was about the macro, your question, the macroeconomics of the country. I mean, growth, we see more or less 3% GDP growth for the year. Interest rates ending the year with a [indiscernible] of 22. I mean, we believe that it's in line with what we are having today. We see interest rates a bit stable during the rest of the year. Talking about margins also, we see margins in t...

What analysts pressed on

Analysts expressed concerns about the decline in market share and the impact of inflation on profitability. There were questions regarding the sustainability of loan growth and the potential for increased provisioning due to rising NPLs in the fintech sector.

Main topics on the call

• Decline in Net Income — Grupo Financiero Galicia's net income fell 66% year-over-year to ARS 66.5 billion, attributed to increased loan loss provisions and lower intermediation volumes. Management noted, 'results continue to be impacted by elev...
• Loan Growth Guidance Adjusted — Management revised its loan growth expectations to 20%-25% for 2026, down from a previous target of 25%. They indicated, 'we believe that commercial lending will pick up starting in the second quarter.'
• Improvement in Asset Quality — Early delinquency indicators improved significantly, with a 49% reduction in early delinquencies in the individual segment. Management stated, 'we expect that to continue quarter after quarter.'
• Cost Reduction Initiatives — The company expects to achieve an 11% reduction in costs year-over-year, driven by efficiencies from the integration with Galicia Mas. Management emphasized, 'we are capturing the benefit of the restructuring made last y...

Read the full Grupo Financiero Galicia S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 48 Grupo Financiero Galicia S.A. earnings call transcripts on record, spanning February 21, 2020 to May 14, 2026. Based on this history, Grupo Financiero Galicia S.A. reports quarterly. The most recent call on file is dated May 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

GGAL

Exchange

BASE

Country

AR

Sector

Financials

Industry

Banks

Calls on record

48

First call

February 21, 2020

Most recent

May 14, 2026

Reporting cadence

quarterly