Grupo Financiero Galicia SA Files Q3 2024 Results
Ticker: GGAL · Form: 6-K · Filed: Nov 26, 2024 · CIK: 1114700
| Field | Detail |
|---|---|
| Company | Grupo Financiero Galicia SA (GGAL) |
| Form Type | 6-K |
| Filed Date | Nov 26, 2024 |
| Risk Level | medium |
| Pages | 14 |
| Reading Time | 17 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-results, quarterly-report, balance-sheet
TL;DR
Galicia SA dropped its Q3 2024 numbers, showing year-over-year performance. Check the balance sheet for Dec 2023.
AI Summary
Grupo Financiero Galicia SA filed a 6-K report on November 26, 2024, detailing its financial performance for the period ending September 30, 2024. The filing includes financial data for the third quarter and the first nine months of 2024, comparing it to the same periods in 2023. Key financial statement items such as issued capital, additional paid-in capital, and retained earnings are reported as of December 31, 2023.
Why It Matters
This filing provides investors with an update on the financial health and performance of Grupo Financiero Galicia SA, a significant financial institution in Argentina, allowing for assessment of its recent operational results and financial position.
Risk Assessment
Risk Level: medium — The filing is a routine financial disclosure for a publicly traded company, but the financial sector and emerging markets can carry inherent risks.
Key Numbers
- Q3 2024 — Reporting Period (Financial results for the third quarter of 2024 are detailed.)
- Nine Months 2024 — Reporting Period (Financial results for the first nine months of 2024 are detailed.)
- 2023-12-31 — Balance Sheet Date (Key equity components are reported as of this date.)
Key Players & Entities
- GRUPO FINANCIERO GALICIA SA (company) — Filer
- 20240930 (date) — Period of report
- 20241126 (date) — Filing date
- 0001114700 (company) — Central Index Key
- ARS (currency) — Currency reported
- USD (currency) — Currency reported
- EUR (currency) — Currency reported
FAQ
What specific financial metrics are presented for the nine months ending September 30, 2024?
The filing indicates that financial data for the nine months ending September 30, 2024, is presented, though specific line items are not detailed in the provided header information.
How does the company's financial performance in Q3 2024 compare to Q3 2023?
The filing indicates a comparison between Q3 2024 and Q3 2023, but the specific comparative figures are not available in the header.
What are the key components of the company's equity as of December 31, 2023?
Key equity components reported as of December 31, 2023, include issued capital, additional paid-in capital, equity adjustments, reserves of gains and losses on financial assets, statutory reserves, other reserves, retained earnings, and non-controlling interests.
What is the company's primary business activity?
The company is classified under 'COMMERCIAL BANKS, NEC' with SIC code 6029, indicating its primary business is in commercial banking.
In which jurisdiction is Grupo Financiero Galicia SA incorporated?
The company is incorporated in 'C1', which is likely an abbreviation for a jurisdiction, and its fiscal year ends on December 31.
Filing Stats: 4,187 words · 17 min read · ~14 pages · Grade level 13.1 · Accepted 2024-11-26 12:48:47
Filing Documents
- ggal-20240930.htm (6-K) — 3059KB
- 0001114700-24-000065.txt ( ) — 17919KB
- ggal-20240930.xsd (EX-101.SCH) — 237KB
- ggal-20240930_cal.xml (EX-101.CAL) — 115KB
- ggal-20240930_def.xml (EX-101.DEF) — 706KB
- ggal-20240930_lab.xml (EX-101.LAB) — 1295KB
- ggal-20240930_pre.xml (EX-101.PRE) — 995KB
- ggal-20240930_htm.xml (XML) — 3802KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. GRUPO FINANCIERO GALICIA S.A. (Registrant) Date: November 26, 2024 By: /s/ Fabin E. Kon Name: Fabim E. Kon Title: Chief Executive Officer GRUPO FINANCIERO GALICIA S.A. AND SUBSIDIARIES INDEX TO UNAUDITED CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION F- 1 CONSOLIDATED CONDENSE D INTERIM STATEMENT OF INCOME F- 3 CONSOLIDATED CONDENSED INTERIM STATEMENT OF OTHER COMPREHENSIVE INCOME F- 5 CONSOLIDATED CONDEN SED INTERIM STATEMENT OF CHANGES IN SHAREHOLDERSEQUITY F- 6 CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS F- 8 NOTES TO THE CONSOLIDATED CONDEN SED INTERIM FINANCIAL STATEMENTS F-1 0 GRUPO FINANCIERO GALICIA S.A. CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION FOR THE PERIOD COMMENCED JANUARY 1, 2024 AND ENDED SEPTEMBER 30, 2024, IN COMPARATIVE FORMAT. Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated Items Notes/Schedule 09.30.24 12.31.23 Assets Cash and Due from Banks 3 and 4 6,747,884,353 4,023,323,415 Cash 3,915,148,575 2,228,848,927 Financial Institutions and Correspondents 2,832,735,778 1,794,474,488 Argentine Central Bank (BCRA) 2,703,011,340 1,654,202,640 Other, local and foreign financial institutions 129,724,438 140,271,848 Debt Securities at Fair Value through Profit or Loss 3 and A 1,095,889,678 1,207,056,327 Derivative Financial Instruments 3 6,523,967 71,138,490 Repurchase Transactions 3 — 2,358,830,105 Other Financial Assets 3 and 5 618,712,227 359,494,922 Loans and Other Financing 3 and 6 8,727,696,976 6,209,644,675 Non-financial Public Sector 2,425,675 928,980 Argentine Central Bank (BCRA) — 82,237 Other Financial Institutions 74,993,557 55,028,589 Non-financial Private Sector and Re