Banco Itaú (ITAUCL) investor relations material

Executive summary

• Achieved above-industry loan and deposit growth, reinforcing franchise resilience and strategic progress, with strong commercial momentum and improved profitability in Chile and Colombia.

• Completed the sale of the Colombian retail banking business, focusing Colombian operations on corporate banking and treasury, and received regulatory approval for the acquisition of Klap, with consolidation expected in Q4 2026.

• Recognized as the top research team in Chile and Latin America, reflecting strong advisory and analytical capabilities.

• Interim consolidated financial statements as of June 30, 2026, reviewed with no material misstatements by independent auditors.

• The bank operates in Chile, Colombia, Panama, with a branch in New York and a representative office in Lima.

Financial highlights

• Consolidated loan portfolio reached CLP 30.8 trillion, up 3.4% quarter-over-quarter and 11.3% year-over-year; Chilean loans totaled CLP 25.2 trillion, up 2.4% quarter-over-quarter and 9.6% year-over-year.

• Consolidated recurring net income was CLP 108.9 billion, up 42.1% quarter-over-quarter and 10.3% year-over-year; recurring net income in Chile rose 25.0% to CLP 89.4 billion.

• Net income for the six months ended June 30, 2026, was MCh$179,724, with total operating income at MCh$808,903.

• Financial margin with clients in Chile increased 3.5% quarter-over-quarter to CLP 254.3 billion, but declined 3.2% year-over-year; net financial margin with clients was 3.2%.

• Commissions and fees increased 17.1% quarter-over-quarter and 3.6% year-over-year in Chile, with insurance brokerage revenues up 47.5% quarter-over-quarter due to a one-off actuarial model recalibration.

• Cost of credit in Chile remained stable at CLP 58.4 billion, with a cost of credit ratio at 1.0%.

• Non-interest expenses in Chile totaled CLP 140.4 billion, up 4.3% quarter-over-quarter and 5.0% year-over-year; efficiency ratio improved to 46.6%.

• Total consolidated assets reached MCh$48,684,304 and consolidated equity MCh$4,392,571 as of June 30, 2026.

Outlook and guidance

• Loan growth in Chile exceeded guidance, with 1H26 at 9.6% versus 2026 guidance of 6%-8%.

• Financial margin with clients tracked slightly below guidance at 3.2% for 1H26, with full-year guidance at 3.3%-3.5%.

• Commissions and fees below full-year guidance but expected to recover in the second half; growth guidance at 12%-14%, with 1H26 at 3.3%.

• Cost of credit expected to remain well controlled within guidance at 1.0%-1.1%.

• ROAE/ROTE guidance for 2026 remains at 12%-13%, with 1H26 at 14.9%; long-term consolidated ROE targeted above 15%.

• S&P Global Ratings upgraded the bank’s long-term credit rating to “A-” with a stable outlook.