Peru · Delayed Price · Currency is PEN · Price in USD Intercorp Financial Services Earnings Call Transcripts
Fiscal Year 2026
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Net income reached PEN 585 million in Q2 2026 with ROE at 18.5%, driven by strong loan and insurance growth. The outlook remains positive, though El Niño risks are being closely monitored, with prudent provisioning expected in H2. Margins are set to recover as higher-yielding loans expand.
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Record net income and ROE were achieved in Q1 2026, driven by strong growth in banking, insurance, and wealth management, alongside digital innovation and a strategic acquisition. Outlook for the year is positive, with ROE expected above 17% and continued investment in technology.
Fiscal Year 2025
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Record net income and double-digit growth in insurance and wealth management drove strong profitability, with ROE at 16.8% and improving NIM. Outlook for 2026 is positive, with high single-digit loan growth and further efficiency gains expected.
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Q3 2025 saw net income up 81% year-over-year and ROE at 17.4%, driven by strong loan growth and digital expansion. Rutas de Lima impairment and pension fund withdrawals present short-term risks, but outlook remains positive with robust fundamentals and continued investment in technology.
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Net income doubled year-over-year to SOL 580 million in Q2 2025, with ROE at 20.7%. Strong investment returns, digital adoption, and market share gains in commercial banking and wealth management drove results, while cost of risk and NIM remained stable.
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Net income surged to PEN 446 million and ROE exceeded 16% in Q1 2025, driven by strong commercial banking, insurance, and digital growth. Cost of risk improved, and guidance remains unchanged, with further upside possible if trends persist.
Fiscal Year 2024
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IFS delivered a strong Q4 with net income up 71% year-over-year and ROE above 18%, driven by recovery in banking, insurance, and wealth management. 2025 guidance targets 16% ROE, high single-digit loan growth, and continued digital expansion, with cautious optimism amid pre-electoral uncertainty.
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Net income more than doubled year-over-year in Q3 2024, with ROE above 15% and strong growth in commercial banking, insurance, and wealth management. Cost of risk and funding costs improved, while digital transformation and sustainability initiatives advanced.
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Net income doubled quarter-over-quarter to PEN 286 million, with ROE rising to 11.2% as cost of risk and funding costs declined. Commercial banking, insurance, and wealth management all posted strong growth, while digital adoption and sustainability initiatives advanced.