Grupo Financiero Galicia S.A. (GGAL)

Grupo Financiero Galicia Income Statement

Financials in millions ARS. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	6,564,061	8,950,699	11,240,292	5,278,101	565,230	252,651
Total Interest Income	6,564,061	8,950,699	11,240,292	5,278,101	565,230	252,651
Interest Paid on Deposits	2,498,771	3,359,593	7,155,627	4,155,211	352,366	136,851
Total Interest Expense	2,498,771	3,359,593	7,155,627	4,155,211	352,366	136,851
Net Interest Income	4,065,289	5,591,106	4,084,665	1,122,890	212,864	115,800
Net Interest Income Growth (YoY)	-23.78%	36.88%	263.76%	427.51%	83.82%	144.21%
Other Non-Interest Income	2,729,653	2,842,465	4,198,905	4,273,380	392,386	211,257
Total Non-Interest Income	2,729,653	2,842,465	4,198,905	4,273,380	392,386	211,257
Non-Interest Income Growth (YoY)	-30.51%	-32.30%	-1.74%	989.08%	85.74%	18.41%
Revenues Before Loan Losses	6,794,943	8,433,571	8,283,569	5,396,270	605,250	327,057
Provision for Loan Losses	1,132,195	936,734	450,820	386,067	42,426	47,224
Revenue	5,662,748	7,496,837	7,832,749	5,010,203	562,824	279,833
Revenue Growth (YoY)	-35.50%	-4.29%	56.34%	790.19%	101.13%	39.40%
Salaries and Employee Benefits	1,062,381	1,119,867	830,935	713,356	90,470	48,037
Occupancy Expenses	204,371	204,183	199,255	205,243	28,240	12,504
Selling, General & Administrative	618,210	588,127	489,458	486,884	65,437	36,015
Other Non-Interest Expense	2,756,610	4,187,747	5,135,773	3,123,330	281,394	111,876
Total Non-Interest Expense	3,923,899	5,319,062	6,648,494	4,532,062	465,689	208,621
EBT Excluding Unusual Items	1,738,849	2,177,775	1,184,255	478,140	97,136	71,212
Asset Writedown	98,543	222,930	99,551	4,399	32.2	220.44
Other Unusual Items	-	-	-	-	-	-566.5
Pretax Income	1,837,392	2,400,705	1,283,806	482,539	97,168	70,866
Income Tax Expense	456,168	636,881	486,656	124,930	33,025	31,596
Earnings From Continuing Operations	1,381,224	1,763,824	797,150	357,609	64,143	39,270
Minority Interest in Earnings	-76.83	146.83	5.95	-0.07	-	-512.15
Net Income	1,381,148	1,763,971	797,156	357,609	64,143	38,758
Net Income to Common	1,381,148	1,763,971	797,156	357,609	64,143	38,758
Net Income Growth	32.75%	121.28%	122.91%	457.52%	65.50%	30.20%
Basic Shares Outstanding	1,514	1,483	1,475	1,475	1,475	1,443
Diluted Shares Outstanding	1,514	1,483	1,475	1,475	1,475	1,443
Shares Change (YoY)	2.66%	0.57%	-	-	2.21%	1.12%
EPS (Basic)	912.33	1189.39	540.56	242.50	43.50	26.86
EPS (Diluted)	912.33	1189.39	540.56	242.50	43.50	26.86
EPS Growth	29.31%	120.03%	122.91%	457.52%	61.93%	28.76%
Dividend Per Share	-	-	-	26.446	7.460	1.020
Dividend Growth	-	-	-	254.51%	631.37%	-14.29%
Effective Tax Rate	24.83%	26.53%	37.91%	25.89%	33.99%	44.59%

Updated Mar 7, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

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