Grupo Financiero Banorte Sab De Cv Class O · BMV:GFNORTE/O

Grupo Financiero Banorte Sab De Cv Class O — Q2 2026 Earnings Presentation

28 slides from Grupo Financiero Banorte Sab De Cv Class O's earnings presentation, 2026

  1. Slide 1: Banorte

    ae BANORTE

  2. Slide 2: History and Business Highlights, Market Presence, Digital Bank

    Us History and Business Highlights → Us Mkt Market Presence → Mkt TI Digital Bank → TI Results NIM NIM NIM → Rev Revenue composition → Rev C/I Cost to Income → C/I NI Net Income → NI ROE ROE / ROA → ROE Deposit & Loans L/D Loans / Deposits → L/D Dep Deposits growth → Dep Loan Loan growth Loan → AQ A

  3. Slide 3: From Regional Bank to Second Largest National Financial Group

     From Regional Bank to Second Largest National Financial Group 15.2% 2025 2024 Loan Book Digital Strategy Mkt Share 2.3% •Sale of bineo 2020-2023 4,5,6 Plan •J.V. Rappi 100% 2012-2019 •Making the 1,2,3 Plan Ordinary Extraordinary 2000-2011 •2020 - J.V. Rappi •Best Experience 20|20 Plan •Banorte’s D

  4. Slide 4: Nation Wide Operation

     Nation Wide Operation 2Q26 1,229 Branches 12,318 ATM 268,877 POS 46,191 Correspondents

  5. Slide 5: A Leading Bank in Mexico

     A Leading Bank in Mexico Globally Recognized Balanced business mix Strong retail, wholesale and premium banking platforms. Sound Fundamentals Solid asset quality, increasing profitability, high liquidity and strong capitalization ratios. Investment grade ratings S&P, Fitch, Moody’s, and HR Ratings

  6. Slide 6: Strategy – Client centric & Digital Evolution

     Strategy – Client centric & Digital Evolution PRODUCTS & DISTRIBUTION SOLUTIONS CHANNELS Deposits & Loans Mobile Client Segmentation Insurances ▪ 13.5 million banking clients Web Pensions 8.0 million Afore clients ATM Hyper-personalization ▪ Structured Info & Learning Annuities (Central DB & Watso

  7. Slide 7: Deposit & Loan Market Share

     Deposit & Loan Market Share Deposits Loans BBVA Others Others 23% BBVA 23% 26% 26% Inbursa 6% Inbursa 2nd 2nd 4% Banorte HSBC 6% Banorte 14% Scotiabank 15% 6% Scotiabank HSBC 6% Banamex Banamex Santander 6% Santander 6% 12% 9% 12% Source: CNBV May 2026

  8. Slide 8: Market Share by Segment

     Market Share by Segment Auto Payroll Credit Card Mortgage Com+Corp Government Deposits may-25 may-26 may-25 may-26 may-25 may-26 may-25 may-26 may-25 may-26 may-25 may-26 may-25 may-26 Banorte 18.7% 20.6% 21.1% 22.0% 11.2% 11.5% 19.8% 19.9% 12.7% 12.4% 25.7% 27.4% 14.0% 14.1% BBVA 22.4% 22.4% 39.8

  9. Slide 9: Digital Transformation Gaining Share

     Digital Transformation Gaining Share Transactions (Tx) Transactions (millions) 2,500 WEB 1,952 Branches 1.1% 2Q26 2,000 1,622 POS 1,423 Correspondents 0.2% 8% 1,500 Call Center 0.4% 14% Mobile 1,000 37% y/y ATM 7% 500 - 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 70% 2022 2023 2024

  10. Slide 10: Leaders in the Business & Infrastructure for the Payments Market

     Leaders in the Business & Infrastructure for the Payments Market TDF (Tarjetas Del Futuro) POS Transactions (22%) Credit Cards y/y Rappi JV 15-year commercial agreement 500 Digital Physical 400 DIGITAL PLATFORM for aggregators 199 110 300 106 200 271 287 250 100 0 CoDi 2Q23 3Q23 4Q23 1Q24 2Q24 3Q2

  11. Slide 11: Results

    GRUPO FINANCIERO BANORTE

  12. Slide 12: Bank Net Interest Margin

     Bank Net Interest Margin NIM 7.5% 6.9% 7.0% 6.6% 6.6% 6.4% 6.5% 6.5% 6.3% 6.3% 6.5% 5.8% 5.9% 5.9% 5.9% 6.0% 5.5% 5.2% 4.8% 4.9% 4.7% 4.8% 5.0% 4.5% 4.5% 4.0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q25 3Q25 4Q25 1Q26 2Q26 Previous criteria IFRS NIM (Post-Provision)

  13. Slide 13: Improving Efficiency

     Improving Efficiency Cost to Income Previous Criteria 55.2% 53.7% 50.5% 50.9% 52.0% 48.2% 47.5% 47.0% 45.0% 45.0% 41.4% 42.3% 42.0% 45.3% 38.8% 38.8% 36.7% 37.8% 37.0% 40.4% 38.1% 36.9% 32.0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q25 3Q25 4Q25 1Q26 2Q26 Revenues &

  14. Slide 14: Strong Net Income

     Strong Net Income Net Income Million Pesos 5% YoY 5% YoY 50,000 47,320 44,854 13,000 12,610 45,000 CAGR 41,946 2015-2025 11,969 11,912 40,000 +13% 12,000 34,549 35,000 11,000 30,000 27,493 26,086 10,000 24,834 25,548 26,086 25,000 26,289 * w/o advanced provisions 9,000 18,339 23,158 20,000 * Recur

  15. Slide 15: Constant Positive growth in Profitability

     Constant Positive growth in Profitability ROA 3.0% 2.5% 2.5% 2.5% 2.6% 2.4% 2.4% 2.5% 2.3% 2.02% 2.1% 2.5% 2.0% 1.8% 2.2% 1.6% 1.6% 1.4% 1.5% 1.5% 1.7% 1.6% 1.0% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q25 3Q25 4Q25 1Q26 2Q26 Previous Criteria IFRS Recurring 35.0% ROE 32.

  16. Slide 16: Loans & Deposits

    Loans & Deposits

  17. Slide 17: Healthy Funding & Loan Portfolio Structure

     Healthy Funding & Loan Portfolio Structure Billion Pesos $1,260 bn 2020 2Q26 Funding $855 bn US 72.1 bn Interbank Money Interbank Money Loans Loans Market Market 3% 1% Time Time 31% Demand Demand 65% Loan Portfolio $1,243 bn $783 bn US 71.2 bn Consumer Consumer Government Government 20% 13% Mortga

  18. Slide 18: Loyal Deposits' Base

     Loyal Deposits’ Base Deposits CAGR 2015-2025 YoY Billion +9% Pesos 1,300 1,187 1,192 1,199 1,129 1,059 6% Core Deposits* Time Demand 1,100 962 840 834 827 831 900 751 750 750 792 744 5% 637 667 689 700 551 590 623 509 533 538 538 436 414 438 500 384 397 353 365 368 351 384 316 337 300 273 9% 300 2

  19. Slide 19: Continued Growth in Performing Loan Book, Special Focus on Consumer

     Continued Growth in Performing Loan Book, Special Focus on Consumer US 71.2 bn US 31.7 bn Total Loan Portfolio Consumer Portfolio 1,237 1,223 1,243 600 554 1,300 532 542 1,151 1,151 550 502 1,200 477 1,100 500 450 371 1,000 897 10% YoY 400 323 900 756 744 783 803 803 8% YoY 350 286 304 322 800 267

  20. Slide 20: Sound Asset Quality

     Sound Asset Quality Non-Performing Loan Ratio 3.07% 3.00% 2.91% Previous Criteria IFRS 2.50% 2.23% 2.00% 1.67% 1.64% 1.51% 1.38% 1.42% 1.50% 1.08% 1.11% 0.97% 0.98% 1.00% 1.01% 0.91% 0.89% 0.50% 2013 2014 2015 2018 2019 2020 2021 2022 2023 2024 2025 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q2

  21. Slide 21: Sound Asset Quality

     Sound Asset Quality Coverage Ratio 250% 227% 217% 186% 200% 186% 159% 139% 142% 201% 140% 133% 150% 128% 138% 134% 115% 100% Previous Criteria 50% 0% 2015 2016 2017 2018 2019 2020 2021 2022 2024 2025 2Q25 3Q25 4Q25 1Q26 2Q26 Cost of Risk 3.0% 2.8% 2.2% 2.3% 2.0% 2.5% 2.0% 1.8% 1.4% 2.2% 1.5% 2.0%

  22. Slide 22: Healthy Liquidity

     Healthy Liquidity Loans to Deposits 110% 105% 102% 101% 99% 99% 100% 95% 90% 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2020 2021 2022 2023 2024 2025 2026 Liquidity Coverage Ratio - LCR 230% 210% 184% 190% 166% 163% 170% 155% 150% 130% 110% 90% 70% 3Q 4Q 1Q

  23. Slide 23: Strong Capital Position

     Strong Capital Position Capital Adequacy Ratio Basel III 24.7% 22.8% 22.3% 21.8% 21.7% 21.5% 20.7% 20.2% 20.1% 20.1% 19.7% 0.4% Tier 2 Full 18.5% TLAC 17.3% 17.2% 15.3% 15.3% 18.08% 14.6% Total +6.68% Tier 1 TLAC 21.1% 1Q26 11.40% 9.40% 15.3% 15.1% 14.7% 13.9% 13.2% 12.6% 14.0% 14.8% 7.90% 12.7% 1

  24. Slide 24: Analysts' Opinion & Investment Grade by All Major Rating Agencies

     Analysts’ Opinion & Investment Grade by All Major Rating Agencies Analysts’ Estimates Ratings Agencies (as of Jun 30, 2026) Agency Rating Outlook Date Net Income 2026 $62,082 Target Price $219.06 Standard & Poor’s BBB Negative May-26 Maximum $248.00 Number of Analysts 19 Fitch BBB- Positive Nov-25

  25. Slide 25: Appendix

    Appendix BANORTE

  26. Slide 26: Quarterly Summary

     Quarterly Summary Consolidated Statement of Comprehensive Income and Consolidated Statement of Financial Change Change Position Highlights - Banorte 2Q25 1Q26 2Q26 1H25 1H26 (Million Pesos) 1Q26 2Q25 1H25 Net Interest Income 28,162 30,812 32,252 5% 15% 56,392 63,064 12% Non-Interest Income 5,678 6

  27. Slide 27: Quarterly Summary

     Quarterly Summary Financial Ratios - Banorte 2Q25 1Q26 2Q26 Profitability: NIM (1) 6.3% 6.6% 6.9% NIM after Provisions (2) 5.3% 5.2% 5.6% ROE (3) 30.2% 30.1% 32.4% ROA (4) 2.5% 2.4% 2.6% Operation: Efficiency Ratio (Cost to Income) (5) 38.8% 36.7% 37.8% Operating Efficiency Ratio (Cost to Assets)

  28. Slide 28: Corporate Responsibility and Sustainability

     Corporate Responsibility and Sustainability Global Initiative Report (GRI Standards) UNEP Finance Initiative International standards on sustainability reporting and disclosure of Initiative that aims to identify, promote and carry out the adoption of best economic, environmental and socialtopics.

Grupo Financiero Banorte — Q2 2026 Earnings Presentation on 6ix