Intercorp Financial Q3 net profit 457 million soles due to El Niño provisions
IFS Intercorp Financial Services Inc
$48.57 +1.38%
View chart & analysis → - 1Intercorp Financial Services (IFS) recorded a Q3 2026 net profit of 457 million soles and a return on equity of 14%.
- 2After accounting for 86 million soles in after-tax provisions for El Niño, net profit was 544 million soles with a return on equity of 16.6%.
- 3Consumer and small business loans grew 21% year-on-year, raising the net interest margin by 20 basis points to 5.1%, and the company maintained its annual return on equity forecast of 17%.
So what's the key point?
Peruvian financial firm IFS saw lower Q3 profits because it set aside money in advance to prepare for El Niño. Without these provisions, profit was 544 million soles and the annual profitability target remains unchanged.
Source The Motley Fool +1 · View original ↗
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