Q2 2026 Regional SAB de CV Earnings Call Transcript
Key Points
- Net interest margin (NIM) improved by 7 basis points to 5.8%, indicating a recovery from the previous quarter.
- Total loans grew 11% year-on-year, with strong momentum in Mexico City, where the Wholesale portfolio expanded by 28%.
- Deposits increased by 16%, with a CASA ratio of 45.2%, showing a healthy expansion in demand deposits.
- Asset quality remained resilient with a consolidated NPL ratio of 1.4%, a 16-basis-point improvement year-on-year.
- Hey Banco achieved a net income of MXN 70 million, up 241% year-on-year, reflecting improved asset yields and a more profitable customer mix.
- Net income for the quarter was MXN 1,526 million, 7% below the same quarter last year.
- Return on average equity (ROE) guidance was revised down to 16.5% to 17.5% from 18% to 19%.
- Operating expenses grew 7% year-on-year, driven by technology investments and geographic expansion, leading to a higher efficiency ratio.
- The cost of risk remains stable at 1.0%, but there is concern over the migration of some Wholesale clients to Stage 2 loans.
- Guidance for net income growth was revised to minus 5% to 0% for the year, down from the previous expectation of 5% to 10% growth.
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Regional's second quarter 2026 earnings conference call. We are joined today by Manuel Rivera Zambrano, Chief Executive Officer of Regional; Enrique Navarro RamÃÂrez, Chief Financial Officer; and Alejandro Lobreira, Head of Strategy and Planning and Investor Relations. At this moment, all participants are in listen-only mode. After the speaker presentation, there will be a question-and-answer session.
To ask a question during the session, you will need to press the raise hand button. Please be advised that today's conference call is being recorded. I would now like to hand the conference over to your speaker, Manuel Rivera Zambrano. Thank you, and please go ahead.
Good morning, everyone. Today, we are presenting Regional's results for the second quarter of 2026, which reflect disciplined execution and continued focus on
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