MEXICO · COMPANY RESULTS
Key Facts
- —What is happening Gentera, the Mexican lender behind Banco Compartamos, posted third-quarter net income of MXN 2,342 million (about US$126 million), up 8.6%, on Wednesday, 21 October, as its loan book reached MXN 95,220 million (about US$5.11 billion).
- —Why it matters Past-due loans rose to 4.57% of the book from 3.43% a year earlier, and management says it is putting prudence ahead of growth, especially in Mexico.
- —The numbers Provisions for bad loans rose 31.7% to MXN 3,753 million (about US$201 million), while nine-month net income reached MXN 7,189 million (about US$386 million), up 10.9%.
- —Who is who Gentera is a Mexico City financial group listed on the Mexican Stock Exchange as GENTERA*, with banks in Mexico and Peru and the consumer lender ConCrédito, led by chief executive Enrique Majós.
- —What to watch The second dividend payment of about MXN 1.64 billion (about US$88 million) is due on Friday, 13 November, and management gave no date for a return to double-digit loan growth.
- —Power Index Mexico ranks 2nd of 14 in The Rio Times Latin America Power Index, with 71.4 points (October 2026 edition).
- —What it means for you Gentera books its profit in pesos under Mexican bank rules, so its dollar value moves with the exchange rate, and its past-due loans show credit stress at a large Mexican microlender.
Gentera earned MXN 2,342 million (about US$126 million) in the third quarter, up 8.6%. Its past-due loan ratio climbed to 4.57%.
Gentera, the Mexican lender behind Banco Compartamos, earned MXN 2,342 million (about US$126 million) in the third quarter. That is 8.6% more than the MXN 2,156 million (about US$116 million) of a year earlier.
Gentera published the unaudited results on Wednesday, 21 October, for the quarter ended 30 September. The loan book reached MXN 95,220 million (about US$5.11 billion), up 8.5%, while past-due loans rose to 4.57%.
Conversions in this article use a rate of MXN 18.63 per US$1, taken from open.er-api.com on 22 October 2026. All peso figures come from the company’s results report filed for the Mexican Stock Exchange.
Gentera Profit and Loan Book in the Third Quarter
Net income was 0.5% lower than in the second quarter. For the first nine months of 2026, it reached MXN 7,189 million (about US$386 million), up 10.9%.
The share attributable to Gentera’s own shareholders was MXN 2,261 million (about US$121 million), up 7.7%. That is about MXN 1.43 per share (about US$0.08).
Interest income rose 6.7% to MXN 13,247 million (about US$711 million). Operating expenses grew 4.8% to MXN 6,369 million (about US$342 million), which the company says was below its original full-year expectation.
The company says it served a record 6.87 million people in Mexico and Peru. That figure includes insurance customers and end users of ConCrédito, so it is wider than the number of borrowers.
Bad Loans Rise Above 4.5 Percent
Gentera’s stage 3 loans, its measure of past-due credit, reached 4.57% of the book. A year earlier the ratio was 3.43%, and in the second quarter it was 4.04%.
The pressure is concentrated at Banco Compartamos in Mexico, where the ratio reached 5.20%, against 3.51% a year earlier. Banco Compartamos is the group’s largest unit, holding about 65% of its loans.
Provisions, the money set aside for expected loan losses, rose 31.7% to MXN 3,753 million (about US$201 million). The cost of risk reached 15.8%, against 13.3% a year earlier.
Reserves still cover 206.4% of stage 3 loans. Net interest margin after provisions slipped to 28.5% from 30.6% a year earlier.
Management Slows Lending in Mexico
Chief executive Enrique Majós said the company is putting prudence ahead of growth. He said measures introduced since the second quarter are helping to contain the past-due ratio.
Banco Compartamos Mexico’s loan book fell 1.0% from the second quarter to MXN 61,912 million (about US$3.32 billion). Over twelve months it grew 6.5%, and its net income rose 1.4% to MXN 1,473 million (about US$79 million).
Majós said double-digit loan growth will return once there is more evidence that credit quality has stabilised. He gave no date for that.
Peru and ConCrédito Grow Faster
Compartamos Banco in Peru lifted its loan book 11.6% to MXN 26,431 million (about US$1.42 billion), or 11.9% in local currency. Its net income rose 20.0% to MXN 468 million (about US$25 million).
ConCrédito, a Mexican consumer lender selling through about 84,000 distributors, reached a record loan book of MXN 6,878 million (about US$369 million). Its loans grew 14.4%, and its net income rose 40.6% to MXN 268 million (about US$14 million).
For context, see earlier coverage of Gentera’s second-quarter results and the Gentera company profile. Other Mexican results this week include Grupo México and Alsea, with more in the Mexico section.
Liquidity, Capital and the Dividend
Cash and financial investments reached MXN 20,787 million (about US$1.12 billion), up 35.7% from a year earlier. Equity equals 31.5% of total assets.
Return on average equity was 24.5%, down from 26.0% a year earlier. Banco Compartamos reported a capitalisation ratio of 34.2%.
The dividend approved on 10 April is paid in two parts. The second and final payment, about MXN 1.64 billion (about US$88 million), is due on Friday, 13 November.
What It Means for US Readers
Gentera’s shares trade in Mexico City under the ticker GENTERA. Its results follow Mexican banking rules and are stated in pesos.
A weaker peso or Peruvian sol lowers the dollar value of the same profit. The past-due ratio at Banco Compartamos is a gauge of credit stress in a large Mexican lender’s book.
Gentera lends through group and individual loans, and the report gives no breakdown of borrowers by income. The ratio therefore signals stress in its own book, not in the whole Mexican market.
What Is Not Known
How Gentera’s shares reacted to the report is not known, and no analyst consensus for the quarter was found. The figures are unaudited and may be revised in the annual accounts.
It is not known whether the past-due ratio has peaked, or when management will resume faster lending in Mexico. Fast Company México published a summary of the results as branded content, so every figure here comes from the company’s own report.
What Comes Next
The next fixed date is Friday, 13 November, when the second dividend is paid. The fourth-quarter results date has not been announced in the report.
The quarter does not show a loss or a capital problem, since profit and capital remain high. It does show that lending to lower-income borrowers in Mexico is getting harder.
Frequently Asked Questions
What did Gentera earn in the third quarter of 2026?
Gentera earned MXN 2,342 million (about US$126 million), up 8.6% from a year earlier. Nine-month net income was MXN 7,189 million (about US$386 million).
What is Gentera?
Gentera is a Mexican financial group that owns Banco Compartamos in Mexico, Compartamos Banco in Peru and the consumer lender ConCrédito. It also runs an insurance business and a network of payment agents.
Why are Gentera’s bad loans rising?
Stage 3 loans reached 4.57% of the book from 3.43% a year earlier, mostly at Banco Compartamos Mexico. Management says it is slowing lending there to contain the ratio.
Is Gentera still growing?
Yes, the total loan book grew 8.5% to MXN 95,220 million (about US$5.11 billion). Mexico’s book fell 1.0% from the second quarter, while Peru and ConCrédito grew faster.
When does Gentera pay its next dividend?
The second and final payment is about MXN 1.64 billion (about US$88 million). It is due on Friday, 13 November.
Sources: Gentera, Resultados 3T26 (company results report, 21 October 2026); Gentera investor relations; Fast Company México, 21 October 2026 (branded content); open.er-api.com exchange rates, 22 October 2026 (all accessed 22 October 2026).
In depth
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