Intercorp Financial Services releases transcript of Q2 2026 earnings call

Intercorp Financial Services discussed Q2 2026 results on an earnings call attended by the CEO and CFO, Interbank CEO, Interseguro CEO, and Inteligo CEO.

• Net income: PEN 585 million.
• Return on equity: 18.5%.
• Full-year ROE guidance was kept above 17% despite potential El Niño provisions.
• Management expects El Niño impacts to start in H2. Forward-looking credit provisions are likely in Q3 and Q4, mainly tied to consumer exposure.
• Higher-yielding loans grew 12% y/y. Consumer loans were up 9% y/y, and small business loans were up 31% y/y.
• Net interest margin was pressured by higher funding costs, inflation-linked funding, the impact of bond issuance, forward arbitrage funding needs, and election-related liquidity, with a partial recovery seen in July.