Gentera (GENTERA) Q1 2026 earnings summary

Executive summary

• Achieved record loan portfolio of Ps. 94,863 million, up 14.7% year-over-year, serving over 6.6 million users, with net income reaching a record Ps. 2,494 million, up 12.3% year-over-year.

• Subsidiaries Banco Compartamos México, Compartamos Banco Perú, and ConCrédito all posted double-digit portfolio and income growth.

• Efficiency ratio improved to 62.4%, the best in eight years, and portfolio quality remained healthy except for a slight NPL increase in individual lending in Mexico.

• Board changes included two members stepping down and two new members joining the Peru subsidiary.

• Extraordinary shareholders meeting called for June to clarify and resubmit dividend and foundation contribution proposals.

Financial highlights

• Loan portfolio grew 14.7% year-over-year to Ps. 94,863 million.

• Net income reached a record Ps. 2,494 million, up 12.3% year-over-year; controlling net income up 15.3%.

• EPS for the quarter was Ps. 1.54, 15% above Q1 2025.

• Net interest income grew 15.7% to Ps. 10,812 million; NIM at 40% for Q1 2026.

• Net fees grew 18.3% to Ps. 1,726 million, mainly from insurance business expansion.

• Operational expenses rose 10.5% year-over-year to Ps. 5,994 million.

Outlook and guidance

• Portfolio growth guidance reaffirmed at 13%-16% for 2026.

• NIM expected to be around 41% by year-end; NIM after provisions to be around 30%.

• Cost of risk expected to close the year at the high end of the 13%-13.5% range.

• ROE guidance for 2026 is around 25%.

• Management expects continued solid and sustainable growth, supported by business model modernization and prudent risk management.