Intercorp Financial Services (IFS) Q4 2025 earnings summary

Executive summary

• Achieved record net income of S/ 1,943 million ($1.9 billion) in 2025, up 49% year-over-year, with ROE at 16.8% and strong performance across all business lines.

• Double-digit growth in insurance and wealth management segments, with insurance premiums up 61% and AUMs at record highs.

• Digital engagement surged, 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; NIM at 5.1%–5.2% for the year.

• Net income reached $1.9 billion, a 49% increase YoY; ROE at 16.8%.

• Fee income rose 7% YoY; results from financial transactions up 51% YoY.

• Cost-to-income ratio improved to 36.8%; loan-to-deposit ratio at 92%.

• Cost of risk at 2.3% for FY25.

Outlook and guidance

• 2026 ROE expected around 17%, aiming for 18% midterm target.

• High single-digit loan growth anticipated, led by commercial and consumer portfolios.

• NIM expected to improve further in 2026 as higher-yielding loans expand and cost of funds declines.

• Continued focus on efficiency, digital transformation, and maintaining sound capitalization and asset quality.