Q1 2026 Intercorp Financial Services Inc Earnings Call Transcript
Key Points
- Intercorp Financial Services Inc (IFS) reported a record quarterly net income of $602 million with an ROE above 19%, reflecting disciplined execution across its platform.
- Higher-yielding loans showed positive momentum with a 9% growth year-over-year, contributing to the company's strong financial performance.
- IFS's insurance and wealth management businesses delivered double-digit growth, with written premiums growing by 35% year-over-year.
- The strategic partnership with InRetail to acquire InFinance XP is expected to strengthen IFS's consumer finance and payments ecosystem.
- IFS continues to enhance its digital strategy, with initiatives like the new Business App and PLIN Credit Card, driving deeper customer engagement and improved customer experience.
- The international environment remains volatile, with higher energy prices and external uncertainties potentially pressuring inflation and growth outlook.
- The potential impact of El Nino could affect economic activity in the coming quarters if weather-related disruptions materialize.
- IFS's cost-to-income ratio increased to 36.6% due to accelerated spending in technology and talent, reflecting higher operational expenses.
- The near-term outlook is challenging with inflation above the central bank's target and political uncertainty related to the Presidential elections.
- Despite strong performance, the company's cost of risk is expected to gradually normalize from current low levels as liquidity conditions change.
Good morning and welcome to Intercorp Financial Services First Quarter 2026 Conference Call.
All lines have been placed on mute to prevent any background noise. Please be advised that today's conference is being recorded.
After the presentation, we will open the floor for questions. At that time, instructions will be given as to the procedure to follow if you would like to ask a question. Also, you can submit online questions at any time today using the window on the webcast, and they will be answered after the presentation during the Q&A session.
Simply type your question in the box and click Submit Question.
It is now my pleasure to turn the call over to Mr. Ivan Peel from Inspire Group. Sir, you may begin.
Thank you, and good morning, everyone.
On today's call, Intercorp Financial Services will discuss its first quarter 2026 earnings.
We are very pleased to have with us Mr. Luis Felipe Castellanos, Chief Executive Officer, Intercorp Financial Services
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
