Peru · Delayed Price · Currency is PEN · Price in USD Intercorp Financial Services Earnings Call Transcripts
Fiscal Year 2025
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Record net income and double-digit growth in insurance and wealth management drove strong 2025 results, with ROE at 16.8% and further improvement expected in 2026 as higher-yielding loans expand and digital initiatives deepen customer engagement.
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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 wealth management growth. Cost of risk improved, and digital engagement rose, while guidance for ROE and loan growth remains unchanged.
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 market share gains, with a cautious outlook due to pre-electoral volatility.
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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. NIM and fee income are expected to improve in 2025, while cost of risk remains near normalized levels.
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Q2 2024 results showed strong earnings recovery, with net income doubling quarter-over-quarter, improved cost of risk, and robust growth in commercial banking and insurance. Digital adoption and assets under management reached record highs, while guidance points to further ROE and efficiency gains.