Banco del Bajío ScA Institución de Banca Múltiple (BBAJIO O) investor relations material

Executive summary

• Achieved robust loan growth acceleration in Q1 2026, reversing four quarters of deceleration, with total loan portfolio up 6.9% year-over-year and 2.9% quarter-over-quarter, reaching MXN 286 billion.

• Strategic focus on company loans and regional expansion drove results, with company loans up 7.9% year-over-year and 80% of new loan growth from new clients.

• Total deposits increased 8.6% year-over-year, reaching MXN 283 billion.

• Net income for 1Q26 was MXN 2,042 million, down 18.0% year-over-year.

• Leadership transition to new CEO Iván Lomelí León, effective May 1, 2026, emphasizing continuity and focus on core business segments.

Financial highlights

• Net interest margin (NIM) at 5.4%, down 88 bps year-over-year due to lower rates and portfolio mix.

• Total revenues were MXN 5.8 billion, a 9.5% year-over-year decrease, mainly from lower interest revenues and non-interest income adjustments.

• Net fees and commissions grew 9.1% year-over-year, with strong bancassurance and cash management performance.

• Trading income dropped 35.9% year-over-year.

• Efficiency ratio at 44.1%, below system average, with operating expenses up 6.7% year-over-year but down 4.2% sequentially.

• Return on average equity (ROE) at 16.7%, within 2026 guidance.

Outlook and guidance

• Loan growth guidance for 2026 remains at 8%-10%, with management confident in reaching the upper end.

• ROE expected to be sustained at 16.5%-18%, with management targeting the midpoint or higher.

• NIM expected to stabilize, with Q1 likely representing the bottom.

• Fee and trading income guidance of 13%-15% reaffirmed, with normalization expected in trading and FX income.

• NPL ratio projected below 1.7%, coverage ratio above 110%, capitalization ratio above 14%.