Grupo Financiero Inbursa reported earnings results for the first quarter of 2016. For the quarter, the company reported net profit of MXN 2.1 billion. Profits were down 47% from the same period of 2015 due to a high comparison base as company's first quarter of 2015 net income benefited from the release of MXN 3.5 billion in excess credit reserves due to a regulatory methodology change.