Peru · Delayed Price · Currency is PEN · Price in USD Intercorp Financial Services Earnings Call Transcripts
Fiscal Year 2026
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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.