Banco del Bajío ScA Institución de Banca Múltiple (BBAJIO O) Q3 2026 earnings summary

Executive summary

• 3Q26 net income was Ps$1,782MM, down 21.4% YoY and 15.9% QoQ; 9M26 net income fell 14.2% to Ps$5,942MM.

• 3Q26 total loans reached Ps$312,368MM, up 16.5% YoY; traditional deposits rose 13.1% to Ps$310,315MM at September 30, 2026.

• 3Q26 total income was Ps$6,035MM, down 4.1% YoY; financial margin before provisions increased 1.1% YoY to Ps$5,341MM.

Financial highlights

• 3Q26 interest income fell 1.3% YoY to Ps$9,509MM and interest expense declined 4.2% to Ps$4,168MM; financial margin rose 1.1%.

• 3Q26 non-interest income declined 31.4% YoY to Ps$694MM; the comparison included a Ps$156MM one-time credit-rights assignment in 3Q25.

• 3Q26 credit-loss provisions were Ps$913MM, up 25.9% YoY and 128.8% QoQ; cost of risk was 120 bps versus 109 bps a year earlier.

• 3Q26 administrative and promotion expenses rose 5.9% YoY to Ps$2,634MM, including a 13.2% increase in salaries and employee benefits.

• 9M26 total revenues were Ps$17,798MM, down 5.5% YoY; financial margin declined 3.1% and non-interest income fell 20.1%.

Outlook and guidance

• 2026 operating expense growth guidance was 7.5%; expense growth was at or below guided ranges for five consecutive quarters.