Banco Pine (PINE4) reported net income of R$ 185.2 million in the third quarter of 2026 (3Q26), up 78.7% from 3Q25 and 11.8% from 2Q26. ROAE (return on average equity) reached 40.4%, the highest in the bank's history. Over the first nine months, net income totaled R$ 500.8 million, up 92.5% from 9M25.
The expanded loan portfolio reached R$ 24.6 billion in September 2026, up 44% in twelve months and 13% in the quarter. Collateralized Retail accounts for 72% of the total and Wholesale for 28%. The Retail portfolio totaled R$ 17.8 billion, up 21% in the quarter and 68% in twelve months, while Wholesale stood at R$ 6.8 billion. The securitization balance reached R$ 3.9 billion.
Gross financial margin reached R$ 874.5 million, with NIM (net interest margin) of 15.1% and risk-adjusted NIM of 8.2%. The coverage ratio increased to 109%. Operating income was R$ 324.7 million in 3Q26, and the efficiency ratio stood at 19.2%, versus 28.2% in 3Q25. Expenses totaled R$ 103.5 million. Service revenues were R$ 28.1 million in the quarter and R$ 91.6 million over the nine months.
Total funding reached R$ 28.9 billion, up 39% in one year, with a 28-month term and free cash of R$ 2.5 billion. Shareholders' equity totaled R$ 1.9 billion, up 49% in one year. The Basel ratio stood at 12.8%, versus 14.3% in June 2026. Stage 3 operations represented 4.7% of the portfolio.
