Intercorp Financial Services (IFS) Q1 2026 earnings summary

Executive summary

• Net income reached PEN 602 million (S/602 million), up 35% year-over-year, with ROE at 19.4% for Q1 2026.

• Strong performance across banking, insurance, and wealth management, with double-digit growth in premiums and assets under management.

• Strategic acquisition of InFinance XP (formerly Financiera Oh!) for $130 million to enhance consumer finance and digital ecosystem.

• Digital transformation and customer-centric strategies led to increased digital adoption and improved NPS.

Financial highlights

• Net income: PEN 602 million (+35% YoY); revenues grew 10% YoY to S/2,180 million.

• Risk-adjusted NIM up 90 bps YoY to 4.2%; cost of risk at 1.4%, lowest in four years.

• Cost-to-income (efficiency) ratio at 36.6%, within guidance.

• Written insurance premiums up 35% YoY; assets under management up 13% to US$9.5 billion.

• Higher-yielding loans grew 9% YoY; total loan portfolio up 6% (7% FX-adjusted).

Outlook and guidance

• Year-end ROE expected above 17%, higher than previous guidance.

• Full-year loan growth expected in high single digits.

• Cost-to-income ratio to remain below 37% for the year.

• Focus on profitable digital growth, expanding primary banking relationships, and leadership in annuities and wealth management.