Intercorp Financial Services Inc · Q1 2026 earnings

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

Revenue & EPS history

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.