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IFS

Intercorp Financial Services Inc.

IFS

Intercorp Financial Services Inc. • NYSE
$40.29 ▲ 0.42% (+0.17)
Market Cap $4.54 B
52w High $43.67
52w Low $27.66
Dividend Yield 1.00%
P/E 8.01
Volume 87.11K
Outstanding Shares 112.60M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.407B ▼ $770.073M ▲ $453.314M ▼ 32.229% ▼ $4.07 ▼ $702.051M ▲
Q2-2025 $1.49B ▲ $748.388M ▲ $577.189M ▲ 38.73% ▲ $5.14 ▲ $0
Q1-2025 $1.265B ▼ $700.463M ▼ $443.563M ▼ 35.071% ▲ $3.92 ▼ $0 ▼
Q4-2024 $2.279B ▲ $854.544M ▲ $487.548M ▲ 21.393% ▲ $4.28 ▲ $734.419M ▲
Q3-2024 $2.229B $781.987M $387.863M 17.402% $3.39 $565.49M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $33.289B ▼ $97.128B ▼ $85.176B ▼ $11.881B ▲
Q2-2025 $34.034B ▲ $97.592B ▲ $86.101B ▲ $11.425B ▲
Q1-2025 $0 ▼ $95.545B ▲ $84.59B ▲ $10.891B ▼
Q4-2024 $33.381B ▼ $95.504B ▼ $84.525B ▼ $10.915B ▲
Q3-2024 $35.575B $95.557B $85.041B $10.456B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $453.314M ▼ $-64.921M ▲ $565.917M ▲ $-1.225B ▼ $-722.24M ▼ $-88.414M ▲
Q2-2025 $577.189M ▲ $-813.852M ▼ $-804.838M ▼ $1.136B ▲ $-532.826M ▼ $-883.519M ▼
Q1-2025 $443.563M ▼ $-54.731M ▲ $-199.132M ▲ $1.014B ▲ $728.462M ▲ $-115.656M ▲
Q4-2024 $490.094M ▲ $-1.038B ▼ $-383.794M ▼ $-946.543M ▼ $-2.345B ▼ $-1.166B ▼
Q3-2024 $390.042M $2.195B $1.686B $570.197M $4.494B $2.122B

Five-Year Company Overview

Income Statement

Income Statement Revenue has roughly doubled compared with the pandemic year and, despite some ups and downs, remains on a solid upward trend over the five-year period. Profitability is healthy, with operating and net income staying comfortably positive after a temporary shock in 2020, though they have not fully regained their post‑pandemic peak. The recent year shows a recovery in profit after a softer prior year, suggesting the franchise is still able to grow earnings even in a more normal interest-rate and credit environment. Overall, the income statement reflects a resilient, reasonably profitable regional financial group, but with some cyclicality and sensitivity to market conditions rather than a straight, smooth growth path.

Balance Sheet

Balance Sheet The balance sheet shows a large and gradually expanding asset base, consistent with a bank that is steadily growing its lending and financial activities. Cash levels have come down from the unusually high buffers held during the pandemic but remain sizable, indicating continued flexibility and liquidity. Debt has crept higher over time, yet shareholders’ equity has also increased, so the capital base is thicker and can better absorb shocks. In plain terms, the balance sheet looks robust and better capitalized than several years ago, though leverage is inching up and should be watched if growth accelerates further.

Cash Flow

Cash Flow Cash generation is quite volatile from year to year, which is typical for a bank because movements in deposits and loans can swing reported operating cash flow sharply. Some years show strong inflows, while others, including the most recent year, show outflows, even though accounting profits remain positive. Free cash flow follows the same pattern, but underlying investment in physical assets is modest, confirming that this is a capital‑light, service‑driven model rather than an infrastructure‑heavy business. The key takeaway is that traditional cash‑flow metrics are noisy here; the focus should be less on single‑year swings and more on the bank’s ongoing ability to fund growth, meet obligations, and maintain ample liquidity, which still appears intact.

Competitive Edge

Competitive Edge IFS holds a strong position in Peru through its combination of banking, insurance, wealth management, and payments businesses, giving it breadth that many local rivals lack. Its main bank, Interbank, is one of the country’s leaders, while its insurance and wealth units add depth and high‑value client relationships. Being part of the wider Intercorp group further strengthens its reach, as it can tap into customer flows from retail, real estate, and education businesses. This integrated ecosystem creates meaningful cross‑selling opportunities and makes it harder for new entrants to replicate the full offering. The main strategic risks are heavy concentration in a single country, exposure to local economic and regulatory shifts, and growing competition from both traditional banks and nimble fintechs.

Innovation and R&D

Innovation and R&D IFS is clearly pursuing a digital‑first strategy, investing heavily in online and mobile platforms so customers can bank, insure, and invest through seamless digital channels. Its payments assets, including the Izipay platform and the PLIN digital wallet, place it at the center of Peru’s shift toward cashless transactions and everyday digital payments. The group is also leaning into data and artificial intelligence to refine risk models, personalize offers, and improve customer experience across banking, insurance, and wealth management. On the higher‑end side, tailored offerings like Inteligo’s holistic wealth and succession planning deepen relationships with affluent clients. Looking ahead, the big opportunities lie in further expanding the payments ecosystem, rolling out more AI‑driven services, and developing products that tie together multiple parts of the group, while managing the ongoing challenges of cyber risk, regulatory oversight, and the need for sustained tech investment.

Summary

Intercorp Financial Services looks like a mature, profitable regional financial group that has largely moved past the pandemic shock and is back on a growth path, even if earnings have not fully reached their best historical levels. Its balance sheet appears solid, with rising capital and good liquidity, though leverage has been increasing gradually and cash‑flow figures can swing sharply from year to year. The company’s real strength lies in its integrated ecosystem—banking, insurance, wealth, and payments—supported by the broader Intercorp conglomerate, which gives it scale, data, and cross‑selling advantages that are difficult to match locally. At the same time, the business is closely tied to Peru’s economic and regulatory environment and faces intensifying competition from both established banks and new digital players. Overall, it presents as a well‑positioned, digitally focused financial platform with meaningful structural advantages, balanced by macro, concentration, and execution risks that merit ongoing attention.

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