Quarterly ResultMay 18, 2026, 12:01 PM
Credicorp Ltd. 1Q26 Net Income S/2,063M; ROE 21.1%
AI Summary
Credicorp Ltd. reported record-high net income of S/2,063 million for 1Q26, marking a 16.1% YoY and 30.0% QoQ increase, with ROE reaching 21.1%. The company saw robust loan growth of 8.2% YoY, driven by BCP and Mibanco, alongside improved asset quality with the NPL ratio falling to 4.3%. Strategic initiatives, particularly Yape, continued to advance, contributing 9.0% to risk-adjusted revenues. The company also announced a record-high dividend of S/50 per share.
Key Highlights
- Net Income attributable to Credicorp reached S/2,063 million, up 16.1% YoY and 30.0% QoQ.
- Return on Equity (ROE) reached a record 21.1% in 1Q26.
- Total loans increased 8.2% YoY and 1.9% QoQ, or 9.1% YoY and 1.0% QoQ excluding adjustments.
- Non-Performing Loan (NPL) ratio declined 83 bps YoY and 28 bps QoQ to 4.3%.
- Provisions for credit losses decreased 17.2% YoY and 25.4% QoQ.
- Other Core Income reached a historic high, increasing 19.5% YoY and 3.4% QoQ.
- Yape, the innovation portfolio's main driver, generated 9.0% of risk-adjusted revenues.
- Credicorp declared a record-high ordinary dividend of S/50 per share based on 2025 results.
Price Impact
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