Banco del Bajio stock gets a positive Fitch outlook

Published on 10/06/2026 at 18:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Banco del Bajio stock closed at MXN 56.67 on October 1, 2026, while Fitch moved its rating outlook to Positive. Second-quarter EPS missed consensus by 0.56 percent.

Banco del Bajio, MX41BB000000, Illustration mit AI erstellt.

Banco del Bajio (ISIN MX41BB000000) closed at MXN 56.67 on the BMV on October 1, 2026, down 1.31 percent from the previous session. The key company development is credit-related: Fitch Ratings revised BanBajio's long-term rating outlook to Positive from Stable on October 2, 2026, while affirming the rating at BB+.

Fitch sees stronger commercial growth

Fitch tied the Positive outlook to BanBajio's expanding commercial franchise and improving market position. The bank's commercial market share reached 6.3 percent in the second quarter of 2026, while total loans grew 11.7 percent over 12 months, compared with 7.8 percent for Mexico's banking system.

The rating agency also identified capital strength as a central support. BanBajio's common equity Tier 1 ratio stood at 14.7 percent of risk-weighted assets in the second quarter of 2026, while the Stage 3 loan ratio rose to 1.8 percent from 1.5 percent at the end of 2025.

Second-quarter earnings missed estimates

The latest earnings provide a counterweight to the improved credit outlook. According to Investing.com, Banco del Bajio reported EPS of MXN 1.78 for the quarter ended June 30, 2026, versus MXN 1.79 expected. Revenue was MXN 5.98 billion against consensus of MXN 6.14 billion, a shortfall of 2.61 percent.

The figures put the Fitch action in context. Loan expansion and a 14.7 percent CET1 ratio support the bank's growth profile, but lower interest rates and higher administrative expenses continue to pressure profitability, according to Fitch's October 2 assessment.

Next earnings date is October 29

Investing.com lists October 29, 2026, for the next reporting period. That date gives investors a concrete checkpoint for whether loan growth can offset the margin pressure visible in the June quarter.

Banco del Bajio stock closes at MXN 56.67

Banco del Bajio stock closed at MXN 56.67 on the BMV on October 1, 2026, with a market capitalization of USD 3.68 billion as of October 3, 2026. The rating improvement and the next earnings date frame the stock's near-term debate around credit quality, capital and earnings momentum.