Intercorp Financial Services Inc. (IFS) Earnings Call Transcripts

Intercorp Financial Services Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Intercorp Financial Services Inc. (IFS) reported a record net income of PEN 602 million, representing a 35% increase year-over-year, and an ROE of 19.4%. The company highlighted strong performance across all segments, particularly in higher-yielding loans, which grew 9% year-over-year. Management raised their full-year ROE guidance to above 17%, citing favorable economic conditions and disciplined risk management as key drivers. However, they acknowledged potential external risks, including political uncertainty and the impact of El Nino on economic activity.

Reported metrics

Guidance from management

Management expects ROE to exceed 17% for the full year, driven by strong economic fundamentals and disciplined risk management. They maintain a cautious outlook due to potential external risks.

What management said

Yuri, yes, you're right. In terms of trends, that's correct. No. As cost of risk goes up, yields should go up and the overall impact should be positive. To go over specific numbers, let me pass it on to Michela to see if she has like the model or more detail on the numbers if we can provide them Michela?

Yes, Yuri. So yes, you are referring to the fact that we closed March 2025 with 3.2 million customers in sun and 3.3 million in March '26. So the surprise that's what you are referring. We have Gonzalo Basadre here, which will help us. The drivers of insurance overall are very strong. As you see, premiums are growing double digit, and the result from investment coming very, very well as well, and it's a very efficien...

What analysts pressed on

Analysts expressed concerns regarding the political landscape and its potential impact on economic stability. Additionally, there were questions about the sustainability of low cost of risk and the implications of the El Nino weather phenomenon on future performance.

Main topics on the call

• Record Net Income — IFS achieved a record quarterly net income of PEN 602 million, a 35% increase compared to the prior year. CEO Luis Castellanos stated, "These results reflect disciplined execution across our platform and the benefits of ...
• Loan Growth — Higher-yielding loans grew at a 9% year-over-year pace, with small business lending up nearly 30%. CFO Michela Ramat noted, "Our total loan portfolio grew around 6% year-over-year or 7% excluding FX."
• Improved Risk-Adjusted NIM — The risk-adjusted NIM increased by 90 basis points year-over-year to 4.2%. Ramat mentioned, "We continue to see sustained improvement in the risk-adjusted NIM helping profitability."
• Acquisition of Infina XP — IFS announced the acquisition of Infina XP for $130 million, aimed at strengthening its consumer finance ecosystem. Castellanos stated, "We believe this transaction will strengthen our consumer finance and payments ecosy...

Read the full Intercorp Financial Services Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Intercorp Financial Services Inc. earnings call transcripts on record, spanning February 14, 2020 to May 12, 2026. Based on this history, Intercorp Financial Services Inc. reports quarterly. The most recent call on file is dated May 12, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

IFS

Exchange

BVL

Country

PE

Sector

Financials

Industry

Banks

Calls on record

27

First call

February 14, 2020

Most recent

May 12, 2026

Reporting cadence

quarterly