Financial Performance

Financial Indicators ¹

The Bank’s strength and soundness are reflected in the performance of its key indicators, particularly in the evolution of profitability and solvency levels. The following table provides a comprehensive overview of BBVA Mexico's financial performance within its perimeter, allowing for a detailed analysis of its operational and financial strength, as well as its year-over-year evolution.

Profitability Indicators (%)	12M 2024	12M 2025
Net interest margin (total assets)^(a)	6.8	6.7
Efficiency ratio^(b)	31.5	31.0
Return on equity (ROE)^(c)	27.1	26.6
Return on assets (ROA)^(d)	3.1	3.0

Note: As of 2Q24 and 6M24, calculations are performed following CNBV methodology, where:

Average balances = 12-month average balance.
^(a) Net Interest Margin (NIM): Net Interest Income (before credit risk adjustments, annualized) / 12-month average Total Assets.
^(b) Efficiency Ratio: Administrative and promotional expenses / Operating Income components*. *Operating Income components include: Net interest income + net fee and commission income + trading income + other operating income (expenses) + premium income + net increase in technical reserves + claims incurred.
^(c) Return on Equity (ROE): Net Income (annualized) / 12-month average Shareholder’s Equity.
^(d) Return on Assets (ROA): Net Income (annualized) / 12-month average Total Assets.

Asset Quality Indicators (%)	Dec. 24	Dec. 25
Non-Performing Loan (NPL) ratio ^(e)	1.6	1.6
Stage 3 Coverage ratio ^(f)	193.1	185.8

^(e) Non-Performing Loan (NPL) ratio: Stage 3 credit risk loan portfolio balance at quarter-end / Total loan portfolio balance at quarter-end.
^(f) Coverage ratio: Allowance for credit losses at quarter-end / Stage 3 credit risk loan portfolio balance at quarter-end.

¹Information’s scope: Grupo Financiero BBVA Mexico.

Solvency Indicators (%)	December 2024	December 2025
Common Equity Tier 1 (CET1)^(g)	15.2	16.5
Tier 1 Capital ratio^(h)	15.2	16.5
Total Capital ratio⁽ⁱ⁾	18.7	20.2
Leverage ratio^(j)	9.9	10.7

^(g) Common Equity Tier 1 (CET1) ratio: Common Equity Tier 1 Capital / Risk-Weighted Assets (credit, market, and operational risk). Implement in Mexico as of January 2013.
^(h) Tier 1 Capital ratio: Tier 1 Capital / Risk-Weighted Assets (credit, market, and operational risk)
⁽ⁱ⁾ Total Capital ratio: Net Capital / Risk-Weighted Assets (credit, market, and operational risk)
^(j) Leverage ratio: Capital Measure / Exposure Measure

Liquidity Indicators (%)	December 2024	December 2025
Liquidity ratio (CNBV requirement)^(k)	68.8	61.1
Loan-to-Deposit Ratio (LDR) ^(l)	104.7	101.9
Liquidity Coverage Ratio (LCR) ^(m)	140.4	158.3
Net Stable Funding Ratio (NSFR) ⁽ⁿ⁾	127.3	128.7

^(k) Liquidity ratio: Liquid Assets / Liquid Liabilities
Liquid assets: Cash and cash equivalents + Unrestricted financial instruments held for trading + Unrestricted financial instruments at fair value through other comprehensive income (held to collect or sell).
Liquid liabilities: Demand deposits + Interbank loans and other immediate-demand entities + Short-term interbank loans and other entities.
^(l) Liquidity (Loan-to-Deposit ratio): Stage 1 and Stage 2 credit risk loan portfolio + loan portfolio measured at fair value / Bank deposit (demand deposits + total time deposits)
^(m) Liquidity Coverage Ratio (LCR / CCL): Hight-Quality Liquid Assets (HQLA) / Net Cash Outflows under a 30-day stress scenario. Note: BBVA Mesico data. Quartely average. Preliminary information.
⁽ⁿ⁾ Net Stable Funding Ratio (NSFR / CFEN): Total Amount of Available Stable Funding / Total Amount of Required Stable Funding.

Notes:
Pursuant to the “Resolution amending the General Provisions applicable to Credit Institutions,” published in the Official Gazette of the Federation on April 16, 2024, the financial indicators disclosed in this report, starting from 2Q24 and 6M24, are consistent with the financial indicators published by the National Banking and Securities Commission (CNBV).

Business Evolution ²

Stage 1 and Stage 2 Loan Portfolio Breakdown

At year-end 2025, BBVA Mexico maintained a robust performance in its loan portfolio, navigating a global environment of uncertainty and a local context characterized by interest rate normalization. In this scenario, the Bank reaffirmed its leadership within the Mexican financial system by balancing growth with prudent risk management and a commercial strategy centered on digitalization and innovation.

Portfolio growth was primarily driven by the resilience of the retail segment (families and individuals), which solidified its position as one of the main business engines. Meanwhile, the commercial portfolio showed moderate growth, partially hindered by the foreign exchange (FX) effect.

Within the retail segment, Credit Cards showed outstanding performance, underpinned by promotional campaigns, digital expansion, and increased bancarization levels. Intense year-end commercial activity further solidified the Bank's leadership in this product line.

Consumer & Payroll: Sustained growth was observed in personal and payroll loans, favored by a lower-rate environment that spurred loan origination.
Auto Finance: Positioned as one of the most dynamic lines of business, driven by the entry of new automotive brands into the Mexican market and surging demand for Electric and Hybrid Vehicles (EV/HEV).
Mortgages: BBVA Mexico reaffirmed its dominance through an innovative digital value proposition, including Green Mortgages (sustainable housing), contributing to family wealth creation and real estate sector momentum.

Growth in the commercial portfolio was primarily driven by the Business/Corporate segment, while Government lending remained stable. The Bank strategically reinforced its support for Small and Medium Enterprises (SMEs), a fundamental pillar of the country's economic development.

SME Strategy: Our comprehensive offering focused on digitalization, agile financial solutions, and scaling support. This momentum was bolstered by active participation in the Federal Government’s "Plan Mexico" and digital tools such as:

POS Advance (Anticipo TPV): Liquidity based on sales volume.
Digital Credit Lines & Term Loans: Streamlined access to working capital.
Business Cards: Enhanced expense management for entrepreneurs.

The "Banco de Barrio" (Neighborhood Banking) initiative continued to expand financial inclusion and access to payment methods in underserved areas, reaffirming the Bank’s commitment to sustainable and inclusive growth.

With these results, BBVA Mexico consolidated its leadership position within the national banking system, backed by a strategy focused on profitable growth, digital innovation, and support for strategic sectors.

² Information’s scope: Grupo Financiero BBVA Mexico.

STAGE 1 AND STAGE 2 LOAN PORTFOLIO (Million pesos)	December 2024	December 2025	Variation (%) vs December 2024
Stage 1 loan portfolio	1,865,886	2,005,912	7.5
Business activity	795,883	862,942	8.4
Financial institutions	46,472	52,856	13.7
Government loans	148,413	151,391	2.0
State-owned enterprises	55,463	25,537	(54.0)
Government entities	203,876	176,928	(13.2)
Commercial loans	1,046,231	1,092,726	4.4
Consumer loans	471,531	536,785	13.8
Mortgage loans	348,124	376,444	8.1
Stage 2 loan portfolio	38,934	37,871	(2.7)
Business activity	13,676	10,242	(25.1)
Financial institutions	5	—	n.a.
Commercial loans	13,681	10,242	(25.1)
Consumer loans	12,432	13,615	9.5
Mortgage loans	12,821	14,014	9.3
Stage 1 and Stage 2 loan portfolio	1,904,820	2,043,783	7.3
Loan portfolio at fair value	7,681	11,081	44.3
Total loan portfolio	1,912,501	2,054,864	7.4

Commercial Portfolio

Families and Individuals Portfolio

Credit Quality: Stage 3 Loans

At the close of December 2025, the Stage 3 credit risk loan portfolio reached a balance of 34,155 million pesos, representing a year-on-year (YoY) growth of 9.3%. The Non-Performing Loan (NPL) Ratio stood at 1.6% at year-end 2025, a level that compares favorably with the Mexican financial system average.

BBVA Mexico maintains a prudent and anticipatory approach to credit risk management. In this context, the Stage 3 coverage ratio remained at a solid level of 185.8%.

STAGE 3 LOAN PORTFOLIO (Million pesos)	December 2024	December 2025	Variation (%) vs December 2024
Business activity	8,907	8,373	(6.0)
Financial institutions	16	19	18.8
Commercial loans	8,923	8,392	(6.0)
Consumer loans	14,361	16,811	17.1
Mortgage loans	7,966	8,952	12.4
Stage 3 loan portfolio	31,250	34,155	9.3

Funding

BBVA Mexico has maintained its leadership in banking deposits, underpinned by saver confidence and the Bank's institutional strength, securing a prominent position within the Mexican financial system.

Demand deposits remained the primary funding source, facilitating a stable and cost-efficient structure strictly aligned with our credit expansion strategy. In parallel, time deposits saw substantial growth, driven by a targeted commercial strategy focused on new client acquisition through selective offerings and a reinforced focus on longer-term savings instruments.

DEPOSITS AND TOTAL FUNDS (Million pesos)	December 2024	December 2025	Variation (%) vs December 2024
Demand deposits	1,538,684	1,676,719	9.0
Time deposits	280,748	328,312	16.9
From the general public	258,893	304,677	17.7
Money market	21,855	23,635	n.a.
Debt securities issued	135,432	159,610	17.9
Global dormant deposit account	7,019	7,771	10.7
Traditional deposits	1,961,883	2,172,412	10.7
Mutual funds	1,002,560	1,128,385	12.6
Total deposits and customer funds	2,964,443	3,300,797	11.3

Bank deposits

Specific balances in billion pesos

Bank deposits mix

Capital³

The resilience of our business is evidenced by BBVA Mexico’s key ratios and indicators, which remain consistently robust. This is the direct result of our high capacity for organic capital generation, prudent risk management, a time-tested strategy, and a solid reputational standing.

In recognition of its significance within the financial system, local regulators ratified BBVA Mexico as a Domestic Systemically Important Bank (D-SIB) at Grade IV, making it the only institution in the country to achieve this classification. Furthermore, the Bank complies with Total Loss-Absorbing Capacity (TLAC) regulatory requirements, having successfully phased in the capital surcharge to reach its full target level in December 2025, thereby further strengthening its capital structure.

Throughout the fiscal year, BBVA Mexico maintained an active dividend distribution policy through quarterly declarations, in line with its robust earnings generation and capital strength.

CAPITAL ADEQUACY (MXN MILLION)
BBVA Mexico	December 2024	December 2025
Tier 1 Capital	339,196	379,333
Tier 2 Capital	76,729	84,480
Net capital	415,925	463,813

	Credit Risk	Credit, Market, and Operational Risk	Credit Risk	Credit, Market, and Operational Risk
Risk-Weighted Assets	1,510,359	2,226,100	1,526,437	2,301,663
Tier 1 Capital Ratio	22.5%	15.2%	24.9%	16.5%
Tier 2 Capital Ratio	5.1%	3.4%	5.5%	3.7%
Estimated Total Capital Adequacy Ratio	27.5%	18.7%	30.4%	20.2%

³The scope of this information corresponds exclusively to Banco BBVA Mexico.

Financial Performance Evolution⁴

In 2025, BBVA Mexico recorded Net Income with 8.3% year-over-year (YoY) growth, primarily driven by the favorable performance of Net Interest Income (NII). This result was underpinned by sustained lending activity, efficient management of the cost of funds, and the positive contribution of the insurance and pension businesses.

INCOME STATEMENT (MXN MILLION)	12M 2024	12M 2025	Variation (%) vs 12M 2024
Net interest income	240,081	257,689	7.3
Allowance for credit losses / Provisions for loan losses	(54,705)	(60,991)	11.5
Net interest income after provisions	185,376	196,698	6.1
Net fee and commission income	44,829	46,990	4.8
Insurance premium income	46,370	49,005	5.7
Net increase in technical reserves	(10,004)	(1,704)	(83.0)
Net claims and benefits expense	(49,609)	(56,006)	12.9
Net trading income	33,116	33,682	1.7
Other operating income (expenses)	(8,751)	(7,310)	(16.5)
Total operating income	241,327	261,355	8.3
Operating expenses	(93,207)	(99,856)	7.1
Operating income	148,120	161,499	9.0
Share of net income of other entities	448	477	6.5
Income before income taxes	148,568	161,976	9.0
Income tax expense	(41,146)	(45,618)	10.9
Net income	107,422	116,358	8.3

The most relevant highlights of the year-over-year evolution are summarized below:

The Net Interest Income (NII) was bolstered by loan growth in high-profitability segments, efficient management of funding costs, and the positive contribution from the insurance and pension businesses. This synergy also facilitated sustained growth in the Risk-Adjusted Margin.

Provisions for credit losses evolved in line with the expansion of the loan portfolio. The Cost of Risk (Prima de riesgo) remained at appropriate levels, closing December 2025 at 3.0%.

Net fees and commissions were primarily driven by robust growth in asset management fees (mutual funds) and increased transactional volume across both credit and debit cards. Furthermore, the continued advancement of digitalization reinforced the digital model as the primary lever for customer engagement.

Administrative and promotional expenses are primarily attributed to higher personnel costs, overall business growth, and ongoing investments in both physical and digital infrastructure. The evolution of these expenses reflects a strategy focused on profitable and sustainable growth, while maintaining strict discipline in the control of recurring costs.

⁴Information’s scope: Grupo Financiero BBVA Mexico.