What guidance did Intercorp Financial's management provide for the next earnings period?

What were the key takeaways from Intercorp Financial’s earnings call?

What is the revenue and EPS growth rate for Intercorp Financial year over year?

What is the market's earnings forecast for Intercorp Financial next quarter?

Did Intercorp Financial beat or miss consensus estimates last quarter?

What factors drove the changes in Intercorp Financial's revenue and profit?

What were the key takeaways from Intercorp Financial's earnings call?

What does Intercorp Financial do and what are its main business segments?

- **Record Financial Performance**: 2025 net income up 49% YoY to PEN 1.9 billion, ROE of 16.8%.
- **Loan Growth Acceleration**: Higher-yielding loans +8% YoY, small business loans +25% YoY.
- **Digital Transformation Success**: PLIN transactions +48% YoY, digital customer engagement at 84%.
- **ROE Outlook**: 17% for 2026, targeting 18%+ as consumer lending recovers.
- **Risk Management**: Cost of risk at 1.8% Q4, no further Rutas de Lima impairments.
- **Macroeconomic Tailwinds**: Peru GDP +3.3% in 2025, sol +10% YoY, inflation at 1.5%.


**【CEO Summary Section】**
- Delivered record net income of PEN 1.9 billion in 2025, up 49% YoY, with ROE of 16.8%.
- Interbank achieved a record year with PEN 1.4 billion in net income, driven by lower cost of risk and higher-yielding loans.
- Consumer segment recovery, with credit card spending up 8% QoQ and 13% YoY, despite pension fund withdrawals.
- Interseguro grew private annuities by 61% YoY, while Inteligo's AUM reached new highs at $9.1 billion.
- Emphasis on digital transformation, Gen AI, and primary customer relationships to maintain competitive advantage.

**【CFO Financial Commentary】**
- Higher-yielding loans grew 8% YoY, contributing to a 50bp improvement in risk-adjusted NIM to 4%.
- Retail deposits increased 5% YoY, with efficient funding mix at 40%, driving cost of funds down 20bp YoY.
- Total loan growth of 3.7% YoY (6.5% ex-FX), with small business loans up 25% YoY.
- Rutas de Lima impairment of PEN 205 million in 2025, with no further material impairments expected.
- Cost-to-income ratio of 36.8%, reflecting strategic investments in technology and talent.

**【Q&A Highlights】**
- **Rutas de Lima**: No further impairments expected; current residual value at PEN 74 million.
- **Loan Growth**: Targeting high single-digit loan growth in 2026, driven by consumer and small business segments.
- **Asset Quality**: Cost of risk at 1.8% Q4, lowest in 4 years; expect gradual increase as higher-yielding loans expand.
- **ROE Guidance**: 17% for 2026, with medium-term target of 18%+ as higher-yielding loans recover.
- **Political Risks**: Cautious optimism on election impact, with base case of continued macro stability.
- **Digital Momentum**: PLIN transactions up 48% YoY, digital retail customer base at 84%, NPS of 51% for retail.


Intercorp Financial Services Inc. (IFS) Q4 2025 Earnings Call Transcript

- **Peru's economic resilience**: 3.3% GDP growth YTD, with private investment up 6.5%.
- **Strong financial performance**: Q3 ROE 16%, cumulative ROE 17.4% despite Rutas de Lima provision.
- **Loan growth acceleration**: Higher-yielding loans +7% YoY, NIM +40bps QoQ.
- **Digital banking momentum**: 83% retail customers use PLIN, 38% YoY transaction growth.
- **Risks**: Pension withdrawals may flatten retail loan growth temporarily, Rutas de Lima exposure <1% of assets.

**【CEO Opening Remarks】**
- Peru's economy grew 3.3% YTD, driven by consumption and private investment (6.5% growth expected for 2025). 
- IFS achieved ROE of 16% for Q3, despite a one-time provision of PEN 78 million related to Rutas de Lima.
- Remaining exposure to Rutas de Lima is $60 million (0.9% of investment book), with legal proceedings ongoing.

**【CFO Financial Commentary】**
- Q3 net income: PEN 456 million (ROE 16%), cumulative net income up 81% YTD (ROE 17.4%).
- Higher-yielding loans grew 7% YoY, driving NIM expansion (+40bps QoQ to 3.8%).
- Cost of risk improved to 2.1%, supported by strong consumer portfolio performance.
- Digital banking adoption: 83% of retail customers use PLIN, with 38% YoY transaction growth.

**【Q&A Highlights】**
- Rutas de Lima: 40% of exposure already impaired, final resolution uncertain but <1% of total assets.
- Pension fund withdrawals: Expected to flatten retail loan growth for 1-2 months, but improve collections and cost of funds.
- 2026 outlook: Consumer loans to grow 2x-2.5x GDP, corporate lending constrained by election-related uncertainty.


Intercorp Financial Services Inc.(IFS)-20251107-2025 Q3 Earnings call transcript

- **Record Q2 Performance**: ROE of 20.7% and PEN 580M net income, driven by 19% revenue growth and 5.3x surge in other income.
- **Consumer Recovery Signs**: Cash loans +80% YoY, credit card turnover +15%, and 0.6% Q2 consumer loan growth (accelerating in July).
- **Digital Dominance**: PLIN users up 13% YoY, 83% digital retail adoption, and NPS of 54 reflecting customer loyalty.
- **Efficiency Focus**: 36% cost-to-income ratio at IFS, with 12% increase in low-cost funding share via tech investments.
- **2025 Outlook**: 5% loan growth expected, with NIM improvement in H2 and OpEx growth moderating in 2026.

**【CEO Summary Section】**
- **Peruvian Economic Momentum**: Q2 GDP growth of 3.1% year-to-date, driven by consumption and private investment (projected +5% for 2025). Central Bank revised internal demand forecast to 4.5%.
- **IFS Performance Highlights**: ROE exceeded 20%, with strong contributions from Interbank (+90bps market share in commercial banking), Izipay (1.7x transaction growth), Interseguro (77% premium growth), and Inteligo (14% AUM growth).
- **Consumer Portfolio Recovery**: Cash loans up 80% YoY, credit card turnover +15%, and early signs of consumer loan growth (+0.6% Q2, accelerating in July).
- **Digital Strategy Success**: PLIN active users +13% YoY, digital retail customers at 83%, and NPS of 54 reflecting customer satisfaction.

**【CFO Financial Commentary】**
- **Financial Results**: Net income of PEN 580M (double YoY), ROE 20.7%, and revenue up 19% YoY. Other income surged 5.3x YoY due to investment performance.
- **NIM and Cost Dynamics**: NIM stable vs. Q1, cost of funds down 40bps YoY. Risk-adjusted NIM improved 80bps YoY, driven by low cost of risk (2.5% Q2 vs. 4.2% YoY in retail).
- **Expense Management**: Total expenses +10% YoY, with investments in technology (+12% low-cost funding share) and talent. Cost-to-income ratio at 36% (IFS) and 42% (bank).
- **Loan Growth**: Total loans +6% YoY (vs. system +2%), market share gain of 30bps. Commercial banking leads with 90bps share gain, while retail loans lag due to cautious lending.

**【Q&A Highlights】**
- **NIM Outlook**: Expect slight improvement in H2 (towards 5.4%) as consumer portfolio growth accelerates. 2026 outlook positive due to higher-yield consumer loans and cost of funds stability.
- **Asset Quality**: Cost of risk expected to remain below 3% for 2025, with gradual increase as consumer lending resumes. Risk-adjusted NIM to benefit from stable cost of risk and yield mix.
- **OpEx Trends**: 2025 expenses up 10% YoY, with tech and talent investments. 2026 growth likely moderate (above inflation but below 2025 rate), aligned with business expansion and digital strategy.


Intercorp Financial Services (IFS)-12 Aug 25-2025 Q2 Earnings call transcript

- **ROE Exceeds Expectations**: Q1 ROE of 16.3% sets a strong path toward 2025 targets, driven by cost control and commercial lending growth.
- **Commercial Dominance**: Commercial loans grew 19% YoY, outpacing the market, with Izipay flows to Interbank up 280% YoY.
- **Digital Transformation**: Retail digital customers rose 15% YoY, with Plin engagement doubling and Izipay app transactions tripling.
- **Risk Management**: Cost of risk improved 380bps YoY to 4.1% in retail, with Telefonica provisions deemed sufficient.
- **Sustainability Leadership**: $380 million in sustainable finance and 2.5 million clients reached through financial education programs.


**【CEO Opening Remarks】**
- IFS achieved a strong start to 2025 with ROE exceeding 16%, driven by macroeconomic stability and sectoral growth in Peru. The company remains cautiously optimistic amid a pre-electoral year, with GDP growth projected at 3.2%.
- Interbank gained 120bps in commercial banking market share, while consumer loans stabilized. Interseguro led in life insurance and annuities, with Inteligo's AUM growing 16% YoY. Digital strategy focuses on primary banking relationships, with retail digital customers up 15%.

**【CFO Financial Highlights】**
- Q1 net income: PEN446 million (3.2x Q1 2024), ROE 16.3%. Key drivers: 190bps YoY decline in cost of risk (2.8% Q1, 4.1% YoY) and 80bps improvement in cost of funds.
- Commercial loans grew 19% YoY, outpacing the 2% market growth. Izipay flows to Interbank rose 280% YoY, supporting small business deposits (+18%).
- Insurance and wealth management showed strong growth: retail premiums +36%, AUM +16%. Provisions linked to Telefonica impacted Q1 results by PEN144 million, but core performance remained robust.

**【Q&A Key Takeaways】**
- **Telefonica Impact**: Provisions of PEN144 million were deemed sufficient, with no immediate expectation of further charges. Excluding this, cost of risk would be 2.5%.
- **Loan Growth**: Commercial loans (+19% YoY) are the primary driver, while consumer loans remain cautious. Credit card turnover grew 10% QoQ, but portfolio growth is constrained by risk management.
- **NIM Outlook**: Risk-adjusted NIM improved 120bps YoY. Further NIM recovery depends on consumer loan growth and funding mix optimization.
- **Digital Strategy**: Retail primary banking customers rose 15% YoY, with Plin active users up 20% and Izipay app transactions tripling YoY.

**【Sustainability & Guidance】**
- 2025 ROE target remains unchanged at 16-18%, with Q1 performance setting a strong foundation. Capital ratios remain healthy (total capital >17%), supporting balanced growth.
- Environmental initiatives include $380 million in sustainable finance, while social programs reached 2.5 million clients with financial education.


Intercorp Financial Services (IFS)-9 May 25-2025 Q1 Earnings call transcript

- **Revenue Recovery**: Q4 2024 net income up 71% YoY to S/496 million, ROE of 18.2%.
- **Cost Efficiency**: Cost of funds down 100bps YoY, low-cost deposits up 16%.
- **Digital Growth**: 82% retail customers digital, Izipay flows to Interbank at 40%.
- **Wealth Management**: AUM up 17% YoY, fee income up 28%.
- **2025 Targets**: ROE 16%, loan growth high single digits, cost of risk 3%.
- **Bond Refinancing**: $350M 2035 Tier 2 bonds issued to refinance 2030 bonds.
- **Market Share**: Commercial loans market share +130bps YoY to 10.9%.


**【CEO Opening Remarks】**
- **Economic Recovery in Peru**: 2024 GDP growth of 3.2%, driven by manufacturing, construction, and agro sectors. 2025 outlook cautious due to pre-election volatility but optimistic on private investment recovery.
- **Banking Segment Performance**: Interbank achieved 80bps market share gain in commercial loans, ROE of 16% in Q4, and successful subordinated bond issuance at record low spread.
- **Digital Strategy**: 82% of retail customers and 73% of commercial customers are digital, with NPS of 55 in Q4. Izipay flows to Interbank accounts exceed 40%.
- **Wealth Management Growth**: AUM up 17% YoY, Interfondos market share at 16.5%, and ERNI digital platform driving fee income growth.

**【CFO Financial Highlights】**
- **Q4 2024 Results**: Net income of S/496 million (71% YoY growth), ROE of 18.2%, and cost of risk at 2.6% (180bps YoY decline).
- **Cost Efficiency**: Cost of funds decreased 100bps YoY, driven by low-cost deposits growth (16% YoY) and Izipay synergies.
- **Segment Performance**: 
  - **Banking**: Net income up 2.6x YoY, ROE of 16%.
  - **Insurance**: Annuities AUM up 22% YoY, maintaining market leader status.
  - **Wealth Management**: Fee income up 28% YoY, AUM at record high of $7.3 billion.
- **2025 Guidance**: ROE target of 16%, loan growth in high single digits, and cost of risk at 3%.

**【Q&A Key Takeaways】**
- **Fee Income Growth**: Expected 10%+ growth driven by consumer loan recovery and digital channels (80%+ of fees from digital).
- **Wealth Management Recovery**: Dependent on market volatility and NIM normalization; Interfondos digital transactions at 53%.
- **Tax Rate**: 2025 rate to stabilize at 20-22% due to mix of taxable income.
- **Bond Issuance**: 2035 Tier 2 bonds issued to refinance 2030 bonds, signaling capital strength.
- **ROE Outlook**: 18% mid-term target achievable by 2026 with consumer loan recovery and cost control.
- **Market Share**: Aim to grow faster than 2-3% system average, focusing on commercial and digital banking.


Actual	-1.1116	0.7645	0.9012	1.2121	1.0254	1.1511	0.5667	0.9444	0.5641	0.8573	0.9091	0.6103	0.7888	0.4477	0.665	0.328	0.6462	0.9146	1.1266	1.0673	1.4565	1.1375	1.1168
Forecast	0.3553	0.2104	0.5154	0.6423	0.7726	0.7255	0.728	0.9787	0.9232	0.9277	1.0105	0.927	0.9635	0.6737	0.3497	0.5511	0.5532	0.7992	0.9283	0.8928	1.1234	1.1375	1.1158
Surprise	-412.86%	+263.36%	+74.85%	+88.71%	+32.72%	+58.66%	-22.16%	-3.50%	-38.90%	-7.59%	-10.03%	-34.16%	-18.13%	-33.55%	+90.16%	-40.48%	+16.81%	+14.44%	+21.36%	+19.55%	+29.65%	0.00%	+0.09%

IFS

IFS fundamentals

IFS Q4 2025 Earnings

Earnings Call

You can ask Aime

IFS

IFS fundamentals

IFS Q4 2025 Earnings

Earnings Call

IFS Earnings Call Summary for Q4/20259:00 AM on Feb 12, 2026

IFS Earnings Call Summary for Q3/20259:00 AM on Nov 7, 2025

IFS Earnings Call Summary for Q2/202510:00 AM on Aug 12, 2025

IFS Earnings Call Summary for Q1/202510:00 AM on May 9, 2025

IFS Earnings Call Summary for Q4/20249:00 AM on Feb 7, 2025

You can ask Aime