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 lines, including double-digit growth in insurance and wealth management.

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

Financial highlights

• Revenues grew 13% YoY to S/ 8,151 million; net interest and similar income rose 1.8% YoY to S/ 4,629 million; fee income up 7% YoY.

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

• Loan portfolio expanded 4% YoY (6.5% excluding FX effects); low-cost funding increased to 39.5% of total funding.

Outlook and guidance

• 2026 ROE expected around 17%, with a midterm target of 18%; high single-digit loan growth anticipated, driven by commercial banking and consumer recovery.

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