Banco Hipotecario S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
January 05, 2024
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Banco Hipotecario S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest loss was ARS 22,932.93 million compared to ARS 15,014.4 million a year ago. Net income was ARS 1,936.46 million compared to ARS 1,495.02 million a year ago. Basic earnings per share from continuing operations was ARS 1.313 compared to ARS 1.015 a year ago. Diluted earnings per share from continuing operations was ARS 1.313 compared to ARS 1.015 a year ago.
For the nine months, net interest loss was ARS 47,857.34 million compared to ARS 20,135.4 million a year ago. Net income was ARS 13,450.9 million compared to ARS 9,450.68 million a year ago. Basic earnings per share from continuing operations was ARS 9.122 compared to ARS 6.416 a year ago. Diluted earnings per share from continuing operations was ARS 9.122 compared to ARS 6.416 a year ago.
Banco Hipotecario SA is an Argentina-based financial institution (the Bank) principally engaged in the banking sector. The Bank's offer includes current and saving accounts, mortgage, consumer and commercial loans, fixed-term deposits, credit and debit cards, financial advisory, cash management, export and project financing, leasing, as well as securities brokerage, among others. Its services are structured in two areas: Personal banking and Corporate banking. In addition, the Bank provides life and casualty insurance. The Bank operates domestically through a number of subsidiaries, such as BHN Sociedad de Inversion SA, BH Valores SA Sociedad de Bolsa, BACS Banco de Credito y Securitizacion SA and Tarshop SA.
BANCO HIPOTECARIO S.A. 
