Intercorp Financial Services (IFS) investor relations material

Executive summary

• Net income for Q2 2026 was S/ 585.3 million, up 1% year-over-year, with ROE at 18.5%, exceeding midterm targets.

• Profitability and efficiency remained strong, supported by growth in higher-yielding loans and digital engagement, with a cost/income ratio of 37.8%.

• Digital transformation advanced, with 86% of retail customers using digital channels and NPS retail banking at 61.

• Insurance and wealth management delivered strong growth, with premiums and assets under management up year-over-year, though wealth management net income declined 39% YoY.

• The company maintains a prudent risk management approach, closely monitoring El Niño-related and macroeconomic risks.

Financial highlights

• Net income for Q2 2026: S/ 585.3 million, up 1% YoY; ROE: 18.5%.

• Higher-yielding loans grew 12% YoY and nearly 6% QoQ; net interest and similar income rose 4.5% YoY.

• Risk-adjusted NIM at 3.5%, up 10 bps YoY; NIM at 5.0% in Q2 2026.

• Revenues increased 3% YoY to S/ 2,148 million, but declined slightly sequentially; fee income up 7% YoY.

• Expenses rose 11% YoY, mainly from investments in talent and technology; efficiency ratio at 37.8%.

Outlook and guidance

• Full-year ROE guidance remains above 17%, with a prudent stance due to El Niño risks.

• Loan growth expected to remain high single-digit for the year, with continued focus on digital and high-yield segments.

• GDP growth for Peru forecast at 3.4% in 2026 and 3.2% in 2027, with inflation expected to normalize in 2027.

• No additional rate cuts anticipated; funding mix expected to improve, supporting margin recovery.

• Continued investments in technology, cybersecurity, and cloud services to support business growth.