Banco Pine (PINE3, PINE4) reported net income of R$ 165.7 million in the second quarter of 2026 (2Q26), an increase of 99.6% compared to 2Q25 and of 10.5% versus 1Q26. Return on average equity (ROAE) reached 37.5% in the quarter. In the first half of 2026 (1H26), net income totaled R$ 315.6 million, up 101.7% compared to 1H25.
The expanded loan portfolio reached R$ 21.8 billion in June 2026, a 40% increase over twelve months, driven by the Collateralized Retail segment. In the same period, funding totaled R$ 25.6 billion, up 27% versus June 2025, and shareholders’ equity reached R$ 1.8 billion, a 55% increase on the same comparison basis.
The Basel ratio ended June 2026 at 14.3%, 0.2 percentage point above June 2025, while Tier I capital stood at 11.2%, an increase of 1.0 percentage point over twelve months. Regulatory capital totaled R$ 2.6 billion in June 2026, growth of 35% compared to June 2025.
In 2Q26, fee and commission income totaled R$ 37.3 million, versus R$ 35.7 million in 2Q25, and reached R$ 63.5 million in 1H26, compared to R$ 54.6 million in 1H25. Operating income came to R$ 266.9 million in 2Q26, versus R$ 136.9 million in 2Q25, totaling R$ 517.6 million in 1H26, compared to R$ 289.9 million in the same period of the previous year.
Expenses totaled R$ 98.2 million in 2Q26, versus R$ 68.5 million in 2Q25, with an efficiency ratio of 20%, compared to 32.4% a year earlier. In the half-year, expenses totaled R$ 191.4 million, with an efficiency ratio of 21%, versus R$ 130.5 million and a 35% ratio in 1H25.
