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Credicorp ( (BAP) ) has issued an update.
In the first quarter of 2026, Credicorp posted record net income of S/2,063 million, a 16.1% year-on-year increase that lifted return on equity to 21.1%, driven by broad-based strength across banking, microfinance and digital businesses. Loan volumes rose 8.2% year-on-year and deposits climbed 13.3%, while net interest income grew 10.9% and margins remained robust, reflecting lower funding costs and solid demand in Peru’s improving macro environment.
Asset quality improved, with the non-performing loan ratio falling to 4.3% and cost of risk down to 1.3%, as provisions declined on better payment behavior in retail portfolios and reversals in wholesale banking. The group’s innovation portfolio, led by Yape, generated 9% of risk-adjusted revenues, supporting a record level of core income, while a stable efficiency ratio of 45.8% and strong capital at BCP and Mibanco underpinned a record ordinary dividend and a refreshed board that adds technology and governance expertise for shareholders.
The most recent analyst rating on (BAP) stock is a Buy with a $408.00 price target. To see the full list of analyst forecasts on Credicorp stock, see the BAP Stock Forecast page.
Spark’s Take on BAP Stock
According to Spark, TipRanks’ AI Analyst, BAP is a Outperform.
The score is driven primarily by strong fundamental profitability and improving balance sheet metrics, supported by a constructive earnings outlook with maintained guidance and strong Q1 execution. Valuation is supportive with a moderate P/E and attractive dividend yield, while the main constraint is mixed technical momentum and the noted cash-flow volatility/risk normalization factors.
To see Spark’s full report on BAP stock, click here.
More about Credicorp
Credicorp Ltd. is a leading Peruvian financial services holding company with operations in Chile, Colombia, Bolivia and Panama, primarily through Banco de Crédito del Perú and Mibanco. The group offers universal banking, microfinance, insurance and health services, and digital payments, with a strong focus on retail, SME and wholesale clients across the Andean region.
Average Trading Volume: 400,446
Technical Sentiment Signal: Buy
Current Market Cap: $25.16B
See more insights into BAP stock on TipRanks’ Stock Analysis page.