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Credicorp (BAP)
:BAP
Earnings Data
Report Date
Aug 14, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
5.69Last Year’s EPS
16.8Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 15, 2025
|% Change Since: 9.78%
|Next Earnings Date:Aug 14, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, robust ROE, and positive macroeconomic conditions in Peru. Credicorp's strategic investments in digital capabilities and innovation are paying off, contributing to diversified income streams and improved asset quality. However, there are concerns about global trade uncertainties and their potential effects on Peru's economy. Additionally, some balance sheet adjustments and slower loan growth in certain segments were noted. Overall, the positive aspects outweigh the negative ones.Company Guidance
During the Credicorp's First Quarter 2025 Conference Call, the company provided a comprehensive overview of its financial performance and guidance. The CEO, Gianfranco Ferrari, highlighted Peru's economic rebound with a 3.9% GDP growth in the first quarter, driven by private spending and lower inflation. The company reported a high ROE of 20.3%, with an adjusted ROE of 18.4% excluding extraordinary gains. Loan growth resumed, especially in wholesale banking and individual segments, with an anticipated acceleration in retail and microfinance segments. The risk-adjusted NIM strengthened to 5.24%, supported by improved asset quality and declining interest rates. The cost of risk fell to 1.6%, reflecting improved payment performance and proactive risk management. Credicorp maintained a strong efficiency ratio at 45.7%, while continuing to invest in innovation and digital capabilities. Looking ahead, the company expects loan book growth of around 3.5% in average daily balances and aims to achieve a structural ROE ambition of 18% by 2026. Despite potential global uncertainties, Credicorp remains optimistic about Peru's economic outlook and its ability to capture growth opportunities.Strong ROE Performance
Credicorp reported a high ROE of 20.3% for the first quarter of 2025. Even excluding extraordinary gains, the ROE would have been 18.4%, which exceeded expectations.
Positive Macroeconomic Indicators
Peru's GDP grew by 3.9% in the first quarter, supported by private spending, lower inflation, and high terms of trade. This growth is expected to continue.
Loan Growth and Asset Quality
Loan growth was particularly robust in wholesale banking short-term loans. Asset quality improved, with a cost of risk at a low of 1.6% and an NPL ratio of 5.1%.
Digital and Innovation Investment
Credicorp has expanded digital capabilities, redesigned client journeys, and achieved 5.4% risk-adjusted revenues from new businesses, advancing toward a 10% target by 2026.
Resilient NIM and Deposit Growth
Despite interest rate declines, NIM remained resilient at 6.2%. Deposit growth was strong, with low-cost deposits reaching a 41.3% market share.
Sustainability Initiatives
Credicorp embedded sustainability deeply into its strategy with initiatives in inclusive finance, financial education, and green loans.
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 |
|---|---|---|---|
May 15, 2025 | $197.58 | $195.70 | -0.95% |
Feb 10, 2025 | $180.98 | $178.53 | -1.35% |
Nov 07, 2024 | $172.83 | $175.29 | +1.42% |
Aug 08, 2024 | $157.32 | $154.42 | -1.84% |
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 Aug 14, 2025, TBA Not Confirmed.
What is Credicorp (BAP) earnings time?
Credicorp (BAP) earnings time is at Aug 14, 2025, TBA Not 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 2025 (Q2) is 5.69.