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Credicorp (BAP)
NYSE:BAP
Earnings Data
Report Date
May 14, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
7.24Last Year’s EPS
6.65Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive outlook: clear loan growth momentum (double-digit at BCP/Mibanco), improving asset quality, stable NIM expectations, growing fee income, strong capital buffer and a shareholder-friendly dividend approach. Manageable idiosyncratic issues were highlighted (Ruta del Lima exposure is small and largely provisioned) and a material external risk in Bolivia (FX/devaluation) is explicitly incorporated into consolidated guidance. Short-term macro supports (pension withdrawals) are positive, with longer-term pension-system concerns noted. Overall, positive operational momentum and capital strength outweigh the identified risks.Company Guidance
Overall Loan Growth Guidance
Credicorp guidance of ~8.5% loan growth for 2026 for the consolidated group; BCP and Mibanco alone are expected to deliver double-digit loan growth, and at constant exchange rates BCP+Mibanco growth is around 11%.
Digital Ecosystem and Yape Growth
Yape (within BCP) is included in guidance, the loan book is expected to roughly triple over the next couple of years (fast ramp-up), remains a small share of group loans but carries higher margin potential.
Net Interest Margin and Fee Income
NIM expected to remain in the mid- to high-6% range; fee income expected to grow in the low double digits, supporting revenue diversification.
Improving Asset Quality and Cost of Risk
Management reports improving asset quality with cost of risk expected to remain within the target range, supporting risk-adjusted profitability going into 2026.
Capital Position and Dividends
Current CET1 levels are elevated and management plans to distribute excess capital to the holding in March/April via ordinary dividends (aiming to increase ordinary dividend each year); internal CET1 targets cited are ~11% for BCP and ~14.5% for Mibanco.
Short-Term Economic Boost from Pension Withdrawals
PEN25 billion in pension withdrawals nationwide, of which BCP captured a little north of PEN11 billion; management estimates a potential GDP boost of ~0.4% if fully consumed and expects a ~+0.5% impact on deposits in 2026 (credit could see ~-0.4%).
BAP 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
BAP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $341.05 | $329.81 | -3.30% |
Nov 13, 2025 | $252.15 | $253.80 | +0.65% |
Aug 14, 2025 | $250.36 | $251.88 | +0.61% |
May 15, 2025 | $197.58 | $195.70 | -0.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Credicorp (BAP) report earnings?
Credicorp (BAP) is schdueled to report earning on May 14, 2026, Before Open (Confirmed).
What is Credicorp (BAP) earnings time?
Credicorp (BAP) earnings time is at May 14, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BAP EPS forecast?
BAP EPS forecast for the fiscal quarter 2026 (Q1) is 7.24.