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Intercorp Financial Services (IFS)
:IFS
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.94Last Year’s EPS
0.65Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 7.40%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted a significant recovery in net income, improved economic indicators, and digital customer growth, alongside sustainability achievements. However, challenges included operational issues at Interbank, moderate loan growth, and a declining credit card portfolio.Company Guidance
In the third quarter 2024 earnings call for Intercorp Financial Services (IFS), several key metrics and guidance were highlighted. Peru's GDP growth was reported at 3.5% for August, with a year-to-date growth of 2.9%, and a full-year expectation of 3%. The cost of risk for IFS reached normalized levels of 3.1%, reflecting improved asset quality. IFS also achieved a net income of PEN 390 million, doubling from the previous year, resulting in an ROE above 15%. The company reported a 13% year-over-year growth in deposits and a 70 basis point reduction in the cost of funds. For the insurance segment, market share in annuities surpassed 31%, while assets under management in Wealth Management grew 19% year-over-year, reaching $7.1 billion. Looking forward, IFS expects to sustain this positive financial trajectory, with a focus on digital excellence and sustainable growth, despite the challenges posed by a pre-electoral year in 2025.Record-Breaking Net Income
IFS achieved a net income of PEN 390 million, doubling compared to last year and 36% higher than the previous quarter. This results in an ROE above 15%.
Improved Economic Indicators
Peru's GDP grew around 4% in Q3, with primary sectors accumulating 3.8% growth year-to-date. Peru is expected to lead the region with 3% GDP growth in 2024.
Digital Customer Growth
81% of retail banking customers are digital, and digital sales increased to 67%. The NPS for retail banking improved to 66 points.
Sustainability Score Increase
IFS improved its CSA score from 61 to 69, reflecting a commitment to sustainability.
Cost of Funds Decrease
Cost of funds decreased by 70 basis points year-over-year, enhancing the funding mix and outperforming the system's average by 20 basis points.
Insurance and Wealth Management Growth
Insurance premiums grew 13% year-over-year, and assets under management reached a historical maximum of $7.1 billion.
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IFS 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
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IFS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $27.15 | $28.00 | +3.13% |
| Aug 14, 2024 | $22.62 | $23.29 | +2.96% |
| May 13, 2024 | $22.97 | $21.72 | -5.44% |
| Feb 12, 2024 | $22.50 | $23.73 | +5.47% |
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.
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FAQ
When does Intercorp Financial Services (IFS) report earnings?
Intercorp Financial Services (IFS) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Intercorp Financial Services (IFS) earnings time?
Intercorp Financial Services (IFS) earnings time is at Feb 05, 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 IFS EPS forecast?
IFS EPS forecast for the fiscal quarter 2024 (Q4) is 0.94.
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