EarningsQ2 2026 Earnings Report
MX:BAPN Q2 2026 EPS Results
Actual EPS$130.64
Consensus EPS$130.33
Beat/MissBeat by +$0.31
One Year Ago EPS$119.14
MX:BAPN Q2 2026 Revenue Results
Actual Revenue$42.94B
Expected Revenue$32.53B
Beat/MissBeat by +$10.41B
YoY Revenue Growth+17.64%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeAfter Close
Conference CallThursday, August 13, 2026
MX:BAPN Upcoming Earnings
Credicorp's next earnings date is estimated for November 9, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:BAPN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial picture: strong profitability (ROE >20%), accelerating loan growth, margin expansion, diversified fee growth, digital ecosystem scale (Yape) and improved asset quality. Management upgraded medium-term ROE to ~22% and raised loan growth guidance to ~12%, reflecting confidence in underlying fundamentals. Key risks are manageable but notable: El Nino-related provisions (~$106M) and potential further impacts to 2027, increased operating expenses due to innovation investments, and insurance underwriting pressure. Management expects cost of risk to remain within guidance and affirmed capital strength and dividend capacity. On balance, the company's positives and strategic progress materially outweigh the near-term weather-related and expense-related headwinds.Company Guidance
Strong Quarterly and First-Half Profitability
Reported ROE of 20.3% for the quarter and a first-half ROE of 21.2%, demonstrating robust profitability and supporting management's updated medium-term ROE target of ~22% (up from prior ~19.5%).
Double-Digit Loan Growth
Total loans (quarter-end balances) rose 13.1% year-over-year. Management raised full-year loan growth guidance to around 12% driven by retail and wholesale expansion (BCP YoY loans +10.9% / +12.2% FX neutral; Mibanco YoY loans +15%).
Net Interest and Risk-Adjusted Margins
Consolidated NIM stood at 6.6% and risk-adjusted NIM at 5.5%. Net interest income increased 13.3% year-over-year, supported by a higher-yielding loan mix and lower funding costs (funding cost down 29 bps YoY to 2.2%).
Diversified Fee and Other Core Income Growth
Core and other income expanded strongly: core income up ~15% YoY, fee income +15.9% YoY, FX gains +29.8% YoY, and other core income growth (cited ~19.7%); fee income outlook raised to high-teens growth.
Digital Ecosystem Momentum (Yape and Innovation)
Innovation portfolio becoming meaningful: innovation contributed ~9.9% of risk-adjusted revenues; Yape has >16 million MAUs, ~69 transactions per user per month, NPS 78, loan disbursements to ~5.6 million clients, loan balances up ~4x YoY, and lending now ~28% of Yape revenue while payments ~45%.
Improving Asset Quality and Coverage
NPL ratio improved to 4.1% consolidated (BCP 3.9%, Mibanco record low 4.8%). NPL coverage ratio strengthened to 117.3%, reflecting improved origination, monitoring and collections capabilities.
Strong Performance Across Key Subsidiaries
BCP ROE 29.2% (QoQ loans +4.7%, FX-neutral +5.5%); Mibanco ROE 22.9% with NIM 15.2%; Investment Banking & Wealth ROE 23.5% with revenues up and AUM +44% (30% ex-acquisitions).
Capital and Guidance Resilience
Management reports a strong capital position; reaffirmed 2026 ROE guidance ~19.5% with bias to upside, GDP outlook ~3.5% for 2026, and confidence that cost of risk will remain within guidance even under assessed El Nino scenarios.
MX:BAPN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed