Banco De Credito E Inversiones · BCS:BCI
Banco De Credito E Inversiones — Q4 2025 Earnings Presentation
41 slides from Banco De Credito E Inversiones's earnings presentation, January 2026
Slide 1: 4Q 2025 Conference Call
4Q 2025 This presentation includes references to certain non-GAAP measures. We believe these non-GAAP measures provide useful information to both management and investors. These non-GAAP measures should not be considered in isolation or as a substitute for measures of performance prepared in accorda
Slide 2: Contents
Strategic Update Macroeconomic Overview Contents. Key Financial Results Closing Remarks & Guidance
Slide 3: 2025 was a year marked by significant advancements
2025 was a year marked by significant advancements Experience US$ 90 Billion in total assets Scale 74 points in the Largest bank in Chile by total loans and assets* Net Promoter Score +6.6 YoY Earnings US$1,098 million Market Cap increase to +24% YoY US$ 14.17 billion net income +109% YoY Valuation
Slide 4: Results reflect progress in our strategic priorities
These results are a direct reflection of the significant progress made in our strategic priorities
Slide 5: Wholesale Banking
Wholesale Banking Strengthening our leadership position To be the primary bank for our corporate clients' daily operations ● Robust Value Proposition: Driving a 16%+ market share in total loans through a client-centric approach, positioning Bci as the local market leader in total lending. ● Corporat
Slide 6: Retail Ecosystem
Retail Ecosystem Deepening the Retail and MACHBANK ecosystem, with a strategic focus on consumer lending, fee-based income, and payments leadership. ● Advanced Risk Models: Utilizing sophisticated data for origination and risk management. ● Lider Bci - Relaunched with a revamped customer value propo
Slide 7: Finance & Wealth Management
Finance & Wealth Management AuM increased +13% YoY ● Assets under management increased to US$25.82 Bn (+13% YoY) ● Segment-Specific Wealth Management Value Proposition ● Enhanced Digital Ecosystem and Channel Optimization ● Bci Asset Management earnings reached US$48 million, driven by growth in AuM
Slide 8: Leveraging Data and Technology
Leveraging Data and Technology Modular Architecture at the Tech Core: Building a flexible, scalable foundation. ● Modular Architecture at the Tech Core: Building a flexible, scalable foundation. ● Enhanced Operational Stability: Reduced incidents by 2.2x. ● Cloud-Based Data Warehouse: Migrated data
Slide 9: Internationally diversified platform
We have an internationally diversified platform to capitalize on the region’s opportunities Total Loans Total Assets Mexico City 31.8% 31.2% Bogota 5.0% 6.7% 1.2% 1.7% Shanghai São Paulo 62.0% 60.4% 39.6% Bci’s consolidated assets abroad
Slide 10: Strong value-based Culture
Strong value-based Culture People at the center of every decision Main advancements in 2025: Employee experience: ● Record-high indices of 93% Engagement and 95% Sense of Belonging. ● New Employee Benefits: Launched 15 Sustainability: initiatives to enhance well-being and work-life balance, includin
Slide 11: Contents
Strategic Update Macroeconomic Overview Contents. Key Financial Results Closing Remarks & Guidance
Slide 12: US GDP grew 4.3% in Q3
US GDP grew 4,3% in Q3 due a still resilient domestic demand, boosted by AI. Florida’s economic performance is slightly under-pacing the national average. US & Florida. GDP Growth by Quarter US & Florida. Unemployment Rate (annualized QoQ, %) (%) Source: BEA, BLS, Bci Research
Slide 13: Tariffs have had a mild impact on inflation
Tariffs, to date, have had a mild impact on inflation. The Fed is expected to continue with rate cuts, in line with a weaker labor market. US. Fed Funds Rate US. Total & Core CPI (%) (YoY, %) US. Yield Curve 4Q25 vs 3Q25 (%) Source: BEA, BLS, Federal Reserve, Bci Research
Slide 14: Peru's economic activity and monetary policy rate
Peru’s economic activity is fluctuating around its potential level and monetary policy rate stands at 4,25%. Peru. Inflation and MPR (%) Peru. GDP Growth by Quarter and Forecast (YoY, %) Peru. Yield Curve 4Q25 vs 3Q25 (%) Source: BCRP, Bloomberg, Bci Research
Slide 15: Chile economic activity more dynamic than expected
In Chile, economic activity has shown higher dynamism than expected. Nevertheless, the labor market is still weak. Chile. Labor Market Chile. Quarterly GDP Growth and Forecast (%) (YoY, %) Source: Central Bank of Chile, INE, Bci Research
Slide 16: CPI in line with the Central Bank's target
CPI in line with the Central Bank’s target. Chile. Monetary Policy Rate & Projections (%) Chile. CPI, Components and Perspectives (YoY, %) Chile. Yield Curve 3Q25 vs 2Q25 (%) Source: Central Bank of Chile, INE, Bci Research
Slide 17: Contents
Strategic Update Macroeconomic Overview Contents. Key Financial Results Closing Remarks & Guidance
Slide 18: Local Operation. Key financial results
Local Operation. Key financial results
Slide 19: Loan growth driven by mortgage & commercial loans
Loan growth driven by mortgage & commercial loans Operations Local Total loans (US$mm) Commercial & Interbank loans (US$mm) CAGR CAGR Financial System Consumer lending loans (US$mm) Mortgage loans (US$mm) CAGR CAGR Source: Financial Market Commission (CMF) as of December 2025 Note: Figures are conve
Slide 20: Evolution of NIM and Fees
Local Evolution of NIM and Fees Operations NIM (%) Net Fees (US$mm) NIM: calculated as the average of the last 7 months for interest-earning assets. Interest-earning assets include total loans, trading portfolio financial assets, investments under agreements to resell, financial investments availabl
Slide 21: Operating Expenses
Operating Expenses Local Operations Local Efficiency Ratio Operating Expenses YoY as of December 2025 as of December 2025 Expenses Breakdown Operating Expenses YoY as of December 2025 fourth quarter 2025 Efficiency ratio as calculated by the CMF (operating expenses excluding other operating expenses
Slide 22: Sound Liquidity and Capital Ratios
Sound Liquidity and Capital Ratios Liabilities Breakdown (Local) BIS Ratio Basel III (Consolidated) Capital Ratios (Consolidated) CET1 increased by 19 bps year-on-year, reaching 11.20% as of December 2025, reflecting active capital management that offset higher regulatory deductions and maintained a
Slide 23: Trend of Risk Indicators: Total loans
Trend of Risk Indicators Local Operations Total loans Nota: Excludes Bci subsidiary in USA (CNB and Bci Securities) and Bci Perú **LLP = Loan loss provisions Figures are converted to US$ using an FX of 907.13 (January 2nd 2026)
Slide 24: Trend of Risk Indicators: Commercial loans
Trend of Risk Indicators Local Operations Commercial loans Nota: Excludes Bci subsidiary in USA (CNB and Bci Securities) and Bci Perú * LLP = Loan loss provisions Figures are converted to US$ using an FX of 907.13 (January 2nd 2026)
Slide 25: Trend of Risk Indicators: Mortgage loans
Trend of Risk Indicators Local Operations Mortgage loans Nota: Excludes Bci subsidiary in USA (CNB and Bci Securities) and Bci Perú Figures are converted to US$ using an FX of 907.13 (January 2nd 2026) * LLP = Loan loss provisions
Slide 26: Trend of Risk Indicators: Consumer loans
Trend of Risk Indicators Local Operations Consumer loans * LLP = Loan loss provisions Nota: Excludes Bci subsidiary in USA (CNB and Bci Securities) and Bci Perú Figures are converted to US$ using an FX of 907.13 (January 2nd 2026)
Slide 27: Key financial results
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Slide 28: In 2025, we achieved strong results
In 2025, we achieved strong results, reflecting disciplined execution and strategic focus FY 2025 FY 2024 Metric ($MM) Var Actual Actual Loan balances $19,636 $18,198 $1,438 7.9% DDAs $4,890 $4,483 $407 9.1% Client Deposits $19,392 $17,977 $1,415 7.9% Net interest income $699 $519 $181 34.8% NIM 2.6
Slide 29: One year into 5-year Project WIN strategy
Just one year into our 5-year Project WIN strategy, we are already generating strong, profitable, and diversified growth Key Objectives 2025 Accomplishments Grew client deposits by 8% doubling the 4.7% from the industry. This includes deposits in expansion markets (Broward, Palm Beach, Tampa and Orl
Slide 30: Client deposits outpaced the industry by ~2x
Our client deposit grew more than the industry in 2025, outpacing it by nearly ~2x Total Deposits ($MM) Banking Industry - Total Deposits ($B) +$1,084 +$835 (+5%) (+5%) FY2025 Client deposit $18,619 $21,955 $21,943 growth $17,784 $20,859 $2,650 $2,551 Brokered deposits $2,882 +$1,415 (+8%) $14,366 $
Slide 31: Total loans grew ~$1.4B (8%) in 2025
Total loans grew ~$1.4B (8%) in 2025, while maintaining strong asset quality and expanding capital ratios Total Assets ($MM) Total Loans & Leases ($MM) Non-owner +$1,511 +$1,438 occupied CRE (+6%) (+8%) represents 47% of total $27,771 $27,990 $19,583 $19,636 $26,480 $18,198 portfolio Dec-24 Sep-25 D
Slide 32: Net income after taxes grew 5% QoQ and ~195% YoY
Net income after taxes grew 5% QoQ and ~195% YoY Q4 Q3 Q4 $ Var % Var YTD YTD $ Var % Var INCOME STATEMENT ($ millions) 2024 2025 2025 QoQ QoQ 2024 2025 YoY YoY (+) Net Interest Income $149.3 $176.1 $194.8 $18.8 10.6% $518.7 $699.4 $180.7 34.8% (+) Non-Interest Income $25.6 $33.0 $29.2 -$3.8 -11.6%
Slide 33: Net income growth QoQ and YoY drivers
Net income after taxes grew 5% ($4MM) QoQ and 195% ($172MM) YoY primarily driven by higher net interest income QoQ net income comparison: Q3-25 vs. Q4-25 YoY net income comparison: FY2024 vs. FY2025 ($MM) ($MM) +$4 +$172 (5%) (195%) ($4) $61 ($61) $11 ($8) $19 ($8) $12 $261 ($9) $72 ($52) ($2) $68 $
Slide 34: Normalized net income almost doubled YoY
Normalized net income almost doubled YoY, increasing 86% ($139MM) Normalized net income after taxes ($MM, as of FY 2025 & 2024) +$139 +$73 (+86%) (+82%) $9 ($6) $21 ($15) $161 ($49) $19 $35 ($49) $300 2024 $65 Mainly driven by consulting service, $88 FDIC special assessment fee, and BOLI restructure
Slide 35: Earnings continue in an upward trajectory
Earnings continue in an upward trajectory Quarterly normalized net income after taxes and ROE ($MM, %) Normalized ROE (%) Normalized net income after taxes ($) Net income is being normalized primarily for one-time expenses related to consulting and other strategic project fees, higher temporary qual
Slide 36: Net interest income and margin increased eight consecutive quarters
Both our net interest income and margin increased for the eight consecutive quarter: In Q4-2025, our NIM expanded 22bps33 Net interest income ($MM) Net Interest Margin (%) +$19 +105bps +$9 (+11%) +$6 +0.22 +$12 (+5%) +0.08 +0.07 +$17 (+4%) +0.13 (+8%) $195 +0.26 2.88 +$13 (+13%) $176 +0.16 2.59 2.66
Slide 37: Executing our strategic plan in 2026
Looking ahead, we will continue executing our strategic plan in 2026 aimed to deliver sustained/diversified growth Key Objectives 2026 target Loan growth in high single digit, self funded by client deposit growth. Focus on higher 1 Moderate Growth / Diversification loan mix diversification via more
Slide 38: Contents
Strategic Update Macroeconomic Overview Contents. Key Financial Results Closing Remarks & Guidance
Slide 39: Corporate structure for our next wave of growth
We have achieved remarkable milestones during the last decade, and now is the time to determine the corporate structure needed for our next wave of growth Further support growth in Maximize value to Bci Add capital flexibility in the Chile and the US by shareholders, through a form of diversificatio
Slide 40: 2026 Guidance
2026 Guidance Loan growth: +6-7% Chile NIM: Flat - Potential downside if a lower inflation that expected, though (includes international and supported by loan growth and lower funding costs local Subsidiaries) Fee Income: Lower double digit GDP 2.2% Inflation 3.0% Core Operating Expenses: +0% MPR 4.
Slide 41: Thank you
Thank you. This presentation contains forward-looking statements in various places throughout therein, related to, without limitation, our future business development. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “believe”, “expect”, “pla
Banco de Crédito e Inversiones (Bci) — Q4 2025 Earnings Presentation on 6ix