Banco Itaú (ITAUCL) investor relations material

Executive summary

• Achieved solid loan and deposit growth in Chile despite a challenging macroeconomic environment, though results were pressured by lower operating income, market volatility, and a high comparison base in fees.

• S&P upgraded the credit rating to A-, reflecting improved credit quality and diversified funding through MTN and USCP programs.

• Approved a historic 60% dividend payout from 2025 profits, demonstrating strong capital position and shareholder commitment.

• Recognized as the best place to work in Chile, with high employee engagement and continued progress in ESG and digital innovation.

• Consolidated assets reached MCh$48,794,897 as of March 31, 2026, with equity of MCh$4,336,629 and net income for the quarter of MCh$69,220, down from MCh$110,759 year-over-year.

Financial highlights

• Consolidated loan portfolio grew 8.9% year-over-year to CLP 29.8 trillion; Chilean portfolio up 7.3%.

• Financial margin with clients was CLP 317.5 billion, down 4.7% year-over-year; margin with clients at 3.3%.

• Commissions and fees rose 2.9% year-over-year to CLP 50.4 billion; recurring net income fell 29.6% to CLP 76.7 billion.

• Net interest income for Q1 2026 was MCh$268,196, down from MCh$293,022 in Q1 2025.

• Operating income before credit losses increased to MCh$180,751 from MCh$143,513 year-over-year.

Outlook and guidance

• Loan growth guidance for 2026 remains at 6%-8%, with recovery expected in the second half.

• Financial margin with clients projected between 3.3%-3.5% by year-end.

• Cost of credit guidance narrowed to 1.0%-1.2% due to improved asset quality.

• Non-interest expenses guidance adjusted to around 2%-3% for the year.

• ROTE guidance adjusted to 12%-13%; managerial effective tax rate expected at ~18%.