Banco BMG (BMGB4) investor relations material

Executive summary

• 9M26 net income was R$445.9 million, up 14.8% YoY; ROAE was 14.4% p.a. and the Basel ratio was 13.5%.

• Strategy shifted toward core products, relationship banking and a more digital customer experience, with emphasis on sustainable profitability and a more profitable portfolio mix.

Financial highlights

• 3Q26 net income was R$141 million, versus R$157 million in 2Q26 and R$148 million in 3Q25; 9M26 net income was R$445.9 million versus R$388.4 million.

• 3Q26 net interest income was R$1,559 million, up from R$1,345 million YoY; NIM was 19.9%, versus 16.5% in 3Q25.

• 9M26 financial margin rose 7.2% YoY to R$4,542 million; margin after credit costs rose 3.5% to R$2,636 million, while quarterly post-credit margin fell 3.1% QoQ on higher provisions.

• 3Q26 efficiency ratio was 46.8%, improving 5.6 p.p. QoQ; management cited ~50% as a more sustainable level after short-term efficiency gains.

• Total assets were R$44,762 million at Sep. 30, 2026, down from R$49,048 million at Dec. 31, 2025; consolidated equity was R$4,519 million.

Outlook and guidance

• Priorities include deepening digital and customer relationships, focusing on core products and sustaining profitable earnings across Retail, Wholesale and Insurance.

• Management expects credit costs/PDD to have peaked in Q3, with gradual declines over coming semesters; recent payroll-loan MOB4 over-30 delinquency improved to 7% for April–June originations from ~13% through March–April.

• A reasonable volume of portfolio assignments is planned in 2026 and 2027, balanced against on-balance-sheet origination and return opportunities.

• October 2026 public issuance of R$426 million in Financial Bills supported liquidity and access to institutional investors; maturities were 2 years and 10 days at CDI +1.15% and 3 years at CDI +1.25%.

• Ongoing cost control and technology and operational efficiencies are priorities to improve efficiency and reduce service costs.