Banco Davivienda (PFDAVVNDA) investor relations material

Executive summary

• Gross loans reached COP 202.3 trillion, up 1.8% quarter-over-quarter, reflecting disciplined origination amid a challenging macro environment.

• Net profit was COP 305 billion, impacted by the wealth tax and one-off effects; adjusted net profit excluding these would have been COP 585 billion.

• Completed integration of BNS operations in Colombia, Costa Rica, and Panama, expanding regional presence and scale.

• As of March 2026, operations span 6 countries, serving over 26 million customers with 677 branches and nearly 3,000 ATMs.

• DaviPlata, the neobank, showed strong growth in deposits and digital credit, supporting diversification and engagement.

Financial highlights

• Consolidated gross loans reached COP 174.2 trillion, up 2.0% quarter-over-quarter and 21.3% year-over-year, driven by commercial and mortgage portfolios and BNS integration.

• Net profit after taxes for 1Q26 was COP 283 billion, down 45.3% from the previous quarter, mainly due to higher operating expenses (wealth tax), lower FX/derivatives results, and non-recurring income in 4Q25.

• Net interest margin (NIM) including FX and derivatives stood at 5.67% for the quarter.

• Cost of risk was 2.14%, reflecting a strong credit risk profile and normalization of provision expenses.

• CET1 ratio at 11.95% (495 bps above regulatory minimum); total solvency at 16.22%.

Outlook and guidance

• Gross loans expected to grow 8-10% in 2026; commercial loans 10-12%, consumer 6-8%, mortgage 7-9%.

• NIM including FX and derivatives expected between 5.7%-6% by year-end.

• Cost of risk guidance is 2.1%-2.3%, with a slight increase anticipated due to inflation and wage hikes.

• ROE expected to remain between 8% and 10%, incorporating the wealth tax impact.

• Focus remains on digital transformation, sustainable finance, and risk management.