Intercorp Financial Services (IFS) Q4 2025 earnings summary

Executive summary

• Achieved record net income of S/ 1,943 million in 2025, up 49% year-over-year, with ROE at 16.8% and strong performance across all business segments, especially insurance and wealth management.

• Digital initiatives and engagement, including Plin and Izipay, drove customer growth, with 84% of retail clients now digital and retail primary banking customers up 11% YoY.

Financial highlights

• Revenues grew 13% YoY to S/ 8,151 million; net interest and similar income at S/ 4,629 million; NIM at 5.1%.

• Net income reached S/ 1,943 million, a 49% increase from the prior year; ROE at 16.8%.

• Cost-to-income ratio improved to 36.8%; cost of risk at 2.3% for FY25.

• Loan-to-deposit ratio at 92%; deposits accounted for over 81% of total funding.

• Equity attributable to shareholders up 13.1% YoY to S/ 12,422 million.

Outlook and guidance

• High single-digit loan growth expected, with focus on digital transformation, efficiency, and customer-centricity.

• 2026 ROE expected around 17%, with a midterm target of 18%.

• NIM and risk-adjusted NIM expected to improve further in 2026 as higher-yielding loans gain relevance.

• Cost-to-income ratio to be maintained around 37%.