Regional SA de Cv (MEX:RA) Q2 2026 Earnings Call Highlights: Navigating Challenges with ...
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Total loans grew 11% year-on-year, with the Wholesale portfolio in Mexico City expanding 28%.
60% confidenceOperating expenses grew 7% year-on-year, driven by technology investments and geographic expansion, leading to a higher efficiency ratio.
60% confidenceNet interest margin improved by 7 basis points to 5.8%, a recovery from the previous quarter.
60% confidenceNet income for Q2 2026 was MXN 1,526 million, 7% below the same quarter last year.
60% confidenceGrowth in the Financial sector was not due to a change in strategy but rather increased demand from existing customers; this impacted NIM due to lower lending rates and funding mix changes, with improvement expected if the current mix is maintained.
60% confidenceROE guidance was revised down to 16.5%-17.5% from a prior range of 18%-19%.
60% confidenceCost of risk remains stable at 1.0%, but there is concern over migration of some Wholesale clients to Stage 2 loans.
60% confidenceAsset quality remained resilient with a consolidated NPL ratio of 1.4%, a 16-basis-point improvement year-on-year.
60% confidenceGuidance for net income growth was revised to -5% to 0% for the year, down from a prior expectation of 5% to 10% growth.
60% confidenceDeposits increased 16% year-on-year, with a CASA ratio of 45.2%, showing healthy expansion in demand deposits.
60% confidenceHey Banco achieved net income of MXN 70 million, up 241% year-on-year, reflecting improved asset yields and a more profitable customer mix.
60% confidence