Intercorp Financial Services (IFS) investor relations material

Executive summary

• 3Q26 net profit was S/457.0m, up 0.2% YoY and down 21.9% QoQ; excluding El Niño-related provisions, net income was S/544m and annualized ROE was 16.6%.

• Core earnings benefited from stronger net interest income, higher-yielding lending and growth in insurance and wealth management.

Financial highlights

• 3Q26 revenue rose 8% YoY to S/2,131m; 9M26 revenue increased 7% YoY to S/6,459m.

• 9M26 net income was S/1,644.2m, up from S/1,481.9m; excluding El Niño provisions, accumulated earnings grew 17% YoY.

• 3Q26 net interest and similar income rose 4.9% YoY to S/1,214.1m; net fee income increased 3.2% to S/321.1m.

• Loan impairment losses rose 39.8% YoY to S/359.2m, largely reflecting proactive El Niño provisions; excluding those provisions, impairment was ~S/255m versus S/257m in 3Q25.

Outlook and guidance

• FY ROE guidance remained ~17%, including El Niño provisions; the medium-term ROE target increased to above 20%.

• Priorities include profitable growth, high-single-digit total loan growth and deeper primary banking relationships; management said double-digit 2027 loan growth was doable, not formal guidance.

• Peru GDP growth was projected at 3.2% for 2026 and 3% for 2027; El Niño was expected to weigh on H1 2027, followed by recovery supported by reconstruction and fiscal measures.