NYSE$IFS

Intercorp Financial Services Inc · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

IFS Q1 2026: S/602M net income (+35% YoY), 19.4% ROE as banking, insurance and wealth all accelerate

Intercorp Financial Services Inc. reported strong first-quarter 2026 consolidated results under IFRS in nominal Peruvian soles. Net profit attributable to IFS shareholders was S/598.3 million, up 34.9% year over year, with consolidated net profit of S/601.9 million and annualized ROE of 19.4%. EPS reached S/5.21 versus S/3.86 in Q1 2025. Net interest and similar income after impairment rose 37.0% YoY to S/1,036.4 million, helped by lower loan provisions with cost of risk at 1.4%, down 140 basis points. Banking net profit was S/495.0 million with 19.5% ROE as higher-yielding loans grew 9% YoY and risk-adjusted NIM reached 4.2%. Insurance written premiums grew 35% YoY with ROIP of 8.4%, while wealth management fee income rose 9% YoY on 13% AuM growth. Interest and similar income totaled S/1,776.9 million, up 2.7% YoY, and the efficiency ratio stood at 36.6%.

  • Consolidated net profit of S/601.9 million rose 34.9% YoY with annualized ROE of 19.4% and EPS of S/5.21.
  • Banking segment net profit of S/495.0 million (+44.4% YoY) benefited from 9% growth in higher-yielding loans and risk-adjusted NIM of 4.2%.
  • Loan impairment charges fell sharply to S/184.3 million with cost of risk at 1.4%, down 140 bps YoY on improved client payment behavior.
  • Insurance premiums grew 35% YoY; wealth management AuMs rose 13% YoY with fee income up 9%.
  • Net interest and similar income after impairment increased 37.0% YoY to S/1,036.4 million on lower provisions and higher investment returns.

Headline financials

Total Revenue

PEN 1.78B

No prior period
EPS (adj)

PEN 5.21

No prior period
Return on equity

19.4%

No prior period
Cost of risk

1.4%

No prior period
Risk-adjusted NIM

4.2%

No prior period
Efficiency ratio

36.6%

No prior period
Net Income

PEN 602M

No prior period

Revenue & EPS history

Intercorp · Revenue · Quarterly

PEN 1.78B

Q1 2026
Beat estimate in 1 of 10 quarters(10%)
ActualEstimate

Forward guidance

Management highlighted strong business momentum across banking, insurance and wealth management, with improving asset quality, double-digit growth in insurance premiums, and continued AuM expansion supporting earnings.

Tailwinds

  • Broad-based profit growth with ROE approaching 20% and lower cost of risk at 1.4%.
  • Higher-yielding loan growth and improved funding mix supporting net interest income.

Headwinds

  • Higher other expenses across subsidiaries, including technology and personnel at banking.
  • Insurance results pressured by inflation-driven annuity expenses versus prior-quarter CSM release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+1.2%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+3.0%

Avg return

30 days after

54%

13 / 24 earnings

Positive

+9.1%

Q1 2021

Best reaction

-8.5%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%+0.9%+24.0%
Q4 2024+4.6%+6.0%+3.2%
Q3 2024+3.4%+3.9%+7.6%
Q2 2024+3.9%+6.6%+9.4%
Q1 2024-4.7%+2.0%-2.0%
Q4 2023+4.6%+17.1%+14.6%
Q3 2023-1.7%-4.4%+0.5%
Q2 2023-4.3%-6.9%-10.7%
Q1 2023+2.1%-0.5%+2.0%
Q4 2022-1.2%+3.3%-1.4%
Q3 2022+3.8%-3.6%-5.8%
Q2 2022-1.8%-10.3%-14.8%
Q1 2022+3.2%+8.5%+7.8%
Q4 2021-2.8%-1.1%+1.1%
Q3 2021-8.5%-10.2%-13.2%
Q2 2021+1.5%+7.9%+19.3%
Q1 2021+9.1%+3.6%-5.5%
Q4 2020+3.4%+5.5%-5.2%
Q3 2020+6.4%+21.7%+44.9%
Q2 2020+7.4%+7.6%-6.3%
Q1 2020-0.5%-0.4%+18.3%
Q4 2019+0.9%-0.5%-14.0%
Q3 2019-0.9%-3.2%-1.6%
Q2 2019-0.1%-0.5%-0.1%
Q1 2019
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Q4 2017
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Q4 2013
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Q4 2012
Q3 2012
Q2 2012
Q1 2012

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