Credicorp Dividends and Buybacks
Dividend criteria checks 4/6
Credicorp is a dividend paying company with a current yield of 3.88% that is well covered by earnings.
Key information
3.9%
Dividend yield
0.1%
Buyback Yield
| Total Shareholder Yield | 4.0% |
| Future Dividend Yield | 5.1% |
| Dividend Growth | 14.9% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 54% |
Recent dividend and buyback updates
Recent updates
Narrative Update • Sep 05
BAP: Future Returns Will Balance Dividend Payout And Earnings Assumptions
Analysts have lifted their price target for Credicorp to $422.69 from $404.48, citing updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E as key drivers of the change. What’s in the News for Credicorp No recent Credicorp specific news items were available from the provided sources as of 3 September 2026.Seeking Alpha • Sep 02
Credicorp Is Turning Peru's Cash-Based Economy Into A Digital Lending Growth Machine
Summary Credicorp stands out as Peru’s dominant banking franchise, consistently delivering enviable growth and outsized returns. BAP’s strategic development of its own digital platform enables innovative products and services, reinforcing its industry leadership. Q2 2026 earnings results are impressive, with headline revenue figures capturing Wall Street’s attention and further strengthening the investment case. Credicorp’s ongoing operational excellence and digital initiatives position it as a compelling consideration for investors seeking superior financial-sector exposure. Read the full article on Seeking Alpha
Narrative Update • Aug 22
BAP: Softer Revenue Outlook Will Sustain Elevated Overvaluation Risk
Analysts have slightly reduced their price target for Credicorp to $289.68 from $299.15, as modest adjustments to revenue growth assumptions, discount rate and future P/E, alongside an unchanged view on profit margins, result in a lower fair value estimate. What's in the News No recent Credicorp specific news items, periodical articles or key developments were provided in the source data.Narrative Update • Aug 08
BAP: Higher Margins And Dividend Outlook Will Sustain Overvaluation Risk
Analysts have raised their price target for Credicorp to $299.15 from $290.00, citing updated assumptions for revenue growth, profit margins and future P/E, as well as a slightly lower discount rate. What's in the News Credicorp announced an annual dividend of US$14.6379 per share, with payment scheduled for June 12, 2026, ex dividend date on May 18, 2026 and record date on May 18, 2026.Narrative Update • Jul 24
BAP: Future Returns Will Balance Dividend Payout And New CFO Transition
Analysts have modestly raised their price target for Credicorp to $404.48 from $391.52, citing updated assumptions around revenue growth, profit margins, and future P/E levels in their valuation work. What's in the News for Credicorp Credicorp Ltd.Narrative Update • Jul 10
BAP: Future Returns Will Depend On Dividend Payout And Incoming CFO
Analysts have modestly raised their price target for Credicorp to $391.52 from $363.01, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News for Credicorp Credicorp Ltd.
Narrative Update • Jun 26
BAP: Upgraded Rating And Dividend Strength Will Support Future Upside
Analysts have revised their price target for Credicorp from $360 to $480, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What’s in the News for Credicorp Zacks upgraded Credicorp (BAP) to a Rank #2 (Buy), citing growing optimism about its earnings outlook and an upward trend in earnings estimates.Analysis Article • Jun 20
Credicorp (BAP) Stock Could Be 16% Below Fair Value After Dividend Growth And Downgrade
Dividend strength and recent downgrade put Credicorp in focus Credicorp (NYSE:BAP) has drawn fresh investor attention after a recent analyst downgrade contrasted with its higher than average dividend yield, rapid annualized dividend growth, and solid quarterly revenue and net profit figures. See our latest analysis for Credicorp. At a share price of US$382.76, Credicorp has delivered a 33.64% year to date share price return and an 83.64% 1 year total shareholder return. This indicates strong...New Narrative • Jun 17
Credicorp Stock Will Face Pressure As Higher Risk Lending And Neobank Costs Rise
Catalysts About Credicorp Credicorp is a Peru based financial group with banking, microfinance, insurance, pensions and investment management operations across the Andean region. What are the underlying business or industry changes driving this perspective?Narrative Update • Jun 08
BAP: Future Returns Will Rely On Dividend Policy And Board Changes
Analysts have nudged their price target for Credicorp slightly higher to $363.01 from $362.89, citing updated assumptions around discount rate, revenue growth, profit margin, and forward P/E as the drivers of this fine-tuning. What's in the News Credicorp reported Q1 2026 results with return on equity at 21.1%, supporting the board’s confidence in the business, according to recent earnings coverage.Narrative Update • May 25
BAP: Future Returns Will Depend On Dividend Policy And Board Transitions
Analysts have made a modest upward adjustment to their price target for Credicorp to $362.89 from $359.80, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as the key drivers of the change. What's in the News Credicorp declared an annual dividend of US$50.00 per share, with payment scheduled for June 12, 2026, and an ex dividend and record date of May 18, 2026 (Key Developments).Narrative Update • May 06
BAP: Future Upside Will Depend On Dividend Actions And Board Leadership
Analysts now set their Credicorp price target around $360, up from about $354. This reflects updated assumptions for revenue growth, profit margins, discount rate and future P/E that are slightly different from prior estimates.Narrative Update • Apr 21
BAP: Future Returns Will Rely On Dividend Policy And Board Leadership Decisions
Analysts have made a modest upward adjustment to their Credicorp price target, reflecting a slightly higher fair value at $353.99, along with small tweaks to the discount rate, revenue growth, profit margin, and forward P/E inputs. What's in the News A board meeting is scheduled for February 26, 2026, with agenda details yet to be disclosed.Narrative Update • Apr 05
BAP: Future Returns Will Depend On Digital Bank Progress And Dividend Decisions
Analysts now see Credicorp's fair value as essentially unchanged at about $352 per share, reflecting only marginal tweaks to inputs such as the discount rate, long term revenue growth, profit margin, and future P/E assumptions. What's in the News Board meeting on April 1, 2026 to consider appointing Luis Enrique Romero Belismelis as Chairman of the Board and Raimundo Morales Dasso as Vice Chairman (company event) Board meeting on February 26, 2026, with an agenda not publicly detailed in the summary provided (company event) Board meeting on April 24, 2025 to consider and agree on the distribution of dividends (company event) Board meetings on April 25 and April 27, 2024 to consider transferring S/1,778.8 million from retained earnings to reserves (company events) Tenpo, Credicorp's digital banking subsidiary in Chile, received operating authorization from the Comisión para el Mercado Financiero, Chile's financial markets regulator (company event) Valuation Changes Fair Value: $352.32 per share, effectively unchanged from the prior estimate of about $352.34.Narrative Update • Mar 21
BAP: Future Returns Will Depend On Digital Bank And Dividend Reserve Actions
Analysts now set their fair value estimate for Credicorp at $352.34, compared with the prior $344.68. The revision reflects updated assumptions for revenue growth, profit margins and a slightly higher future P/E multiple.Narrative Update • Mar 07
BAP: Future Returns Will Rely On Digital Bank And Capital Reserves
Analysts now see Credicorp's fair value at about $345, up from roughly $334, reflecting updated assumptions around discount rates, revenue growth, profit margins, and a higher future P/E multiple. What's in the News Board meeting on April 25, 2024 to consider transferring S/1,778.8 million from retained earnings to reserves, signaling a focus on capital allocation discipline (Key Developments).Narrative Update • Feb 20
BAP: Future Returns Will Rely On Chilean Digital Bank Execution
Analysts have nudged their price target for Credicorp higher from $321.60 to $334.34, citing updated assumptions that combine slightly stronger modeled revenue growth with a modestly lower profit margin and a small adjustment to the future P/E multiple. What's in the News Credicorp Ltd.Narrative Update • Feb 06
BAP: Future Upside Will Depend On Digital Banking Execution
Analysts have lifted their price target on Credicorp to US$321.60 from US$313.82, citing updated assumptions around revenue growth, profit margins, discount rate and future P/E that modestly adjust their valuation framework. What's in the News Credicorp Ltd.Narrative Update • Jan 23
BAP: Stable Outlook Will Rely On Digital Progress And Steady Profitability
Analysts have nudged their price target on Credicorp higher to about US$314 from roughly US$301, citing updated model inputs around revenue growth, profit margins and future P/E assumptions that slightly shift the valuation range. What's in the News Tenpo, Credicorp's digital banking subsidiary in Chile, received operating authorization from the Comisión para el Mercado Financiero, the country's financial markets regulator (Key Developments).Narrative Update • Jan 09
BAP: Stable Margins And Revenue Outlook Will Support A Fair Future Profile
Analysts have slightly increased their price target for Credicorp to about US$301 from roughly US$301, reflecting small adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Valuation Changes Fair Value: Updated slightly to around US$300.99 from about US$300.95, indicating only a very small change in the model output.Narrative Update • Dec 22
BAP: Modest Revenue Outlook And Stable Profitability Will Support A Fair Future Profile
Analysts have nudged their price target on Credicorp slightly higher to around $301 per share, reflecting marginally stronger expectations for revenue growth and a steady long term profitability outlook. Valuation Changes The fair value estimate has edged down slightly from about $300.97 to $300.95 per share, implying a negligible change in intrinsic valuation.Narrative Update • Dec 08
BAP: Stronger Margins And Revenue Mix Will Support A Balanced Outlook
Analysts have modestly raised their price target on Credicorp to approximately $301 from about $287 per share. They cite slightly stronger expected revenue growth, improved profit margins, and a lower anticipated future price-to-earnings multiple that together support a higher fair value estimate.Narrative Update • Nov 24
BAP: Improved Revenue Projections And Lower Discount Rate Will Drive Outlook
Analysts have raised Credicorp's price target from $271.65 to $286.58. They cite improved revenue growth expectations and a modest decrease in the discount rate as key drivers behind this upward adjustment.Narrative Update • Nov 07
BAP: Net Interest Margin Guidance And Resolved Tax Dispute Will Shape Outlook
Analysts have raised their price target for Credicorp slightly, increasing it from $270.03 to $271.65. This adjustment is attributed to improved profit margins, even though there has been a modest reduction in revenue growth projections.Narrative Update • Oct 24
Digital Finance Expansion And Lending Guidance Will Shape Peru's Market Outlook
Credicorp Analyst Price Target Sees Modest Increase Analysts have raised their price target for Credicorp from $268.85 to $270.03, citing slightly higher revenue growth and improved profit margins as key factors behind the upward adjustment. What's in the News Credicorp provided earnings guidance for the second half of fiscal year 2025, expecting net interest margin (NIM) to reach the upper end of its 6.2% to 6.5% guidance range and updating cost of risk guidance to 1.8% to 2.2% due to lower-than-anticipated provisioning levels (Key Developments).Narrative Update • Oct 10
Digital Finance And Lending Expansion Will Widen Market In Peru
Narrative Update: Credicorp Analyst Price Target Revised Analysts have raised their price target for Credicorp from $262.45 to $268.85. They cite updated forecasts for profitability and modest adjustments in revenue growth expectations.Narrative Update • Sep 26
Digital Finance And Lending Expansion Will Widen Market In Peru
A notable upward revision in Credicorp’s revenue growth forecast has driven an increase in its consensus analyst price target from $253.12 to $262.45. What's in the News Credicorp raised earnings guidance for 2H25, expecting NIM at the upper end of the 6.2%-6.5% range and adjusted cost of risk guidance to 1.8%-2.2% due to stronger risk management and macroeconomic improvements.Narrative Update • Sep 11
Digital Finance And Lending Expansion Will Widen Market In Peru
Despite a sharp decline in Credicorp's future P/E ratio and a modest reduction in consensus revenue growth forecasts, the consensus analyst price target saw only a marginal increase from $250.49 to $253.12. What's in the News Credicorp expects net interest margin (NIM) for 2H 2025 at the upper end of the 6.2%-6.5% guidance and has updated cost of risk expectations to 1.8%-2.2%, reflecting lower-than-anticipated provisioning and improved macro conditions.Narrative Update • Aug 27
Digital Finance And Lending Expansion Will Widen Market In Peru
Driven by a sharply lower future P/E and a modestly improved revenue growth outlook, analysts have raised Credicorp’s consensus price target from $243.83 to $250.78. What's in the News Credicorp expects second half 2025 NIM at the upper end of 6.2%–6.5% guidance; cost of risk guidance updated to 1.8%–2.2% reflecting lower-than-expected provisioning and improved macro conditions.Seeking Alpha • Mar 08
Credicorp: Methodical Disruption And Better Growth In Peru Support Strong Growth And More Upside
Summary Credicorp is a well-managed Peruvian bank with strong growth potential, driven by innovative ventures like Yape and Tenpo, and sound risk management. Q4’24 results were positive, with pre-provision profits 7% above expectations and improvements in credit, despite some net interest margin softness. 2025 looks promising with a 6% loan growth target, mid-teens core operating profit growth, and continued investments in disruptive, market-expanding growth projects. Credicorp's valuation is attractive at around $230, supported by strong ROE, innovative growth strategies, and a proven management team. Read the full article on Seeking AlphaSeeking Alpha • Nov 27
Credicorp: New Growth Engines Emerge
Summary There's a lot more to today's Credicorp than conventional banking. Keep a particularly close eye on the fast-growing "disruptive" portfolio. It's full steam ahead for the core businesses. There's plenty here to support BAP's re-rated valuations. Read the full article on Seeking Alpha
New Narrative • Nov 11
Expansive Growth In Chilean Financial Markets Through Innovative Tech And Tactical Acquisitions
Diversification and strategic acquisitions in new sectors might strengthen Credicorp's revenue resilience and long-term earnings growth.Seeking Alpha • Aug 22
Credicorp: Yape Growth Is A Tailwind
Summary Q2 earnings showed a decrease in net profit but positive trends in loan portfolio growth and asset quality improvement. There is a positive outlook for Credicorp due to improving economic conditions in Peru, and Yape success. Attractive valuation and solid fundamentals make Credicorp a buy. Read the full article on Seeking AlphaSeeking Alpha • Jun 24
Credicorp: Stay Upbeat On Peru's Premier Financial Group
Summary After a turbulent 2023, Credicorp is riding the momentum this year. On both short and long-time horizons, the group is well-positioned. Relative to the growth and income on offer, the stock seems very reasonably priced. Read the full article on Seeking AlphaSeeking Alpha • Mar 13
Credicorp: No Stopping Peru's Financial Champion Into 2024
Summary After a volatile 2023, Credicorp looks poised to turn the page this year. Management has kept the bar manageable, so there’s room for more beats and raises. Credicorp’s equity valuation may also be higher now, but is by no means detached from its fundamentals. The well-covered yield means investors get paid well to sit and wait for this growth story to play out. Read the full article on Seeking AlphaSeeking Alpha • Nov 30
Credicorp: Looking Through The Near-Term Headwinds
Summary Credicorp is going through a bad patch right now, no thanks to a worse-than-expected El Nino. While near-term results will be impacted, the mid to long-term earnings growth potential remains intact. There's also plenty of capital buffer to withstand any asset quality issues ahead. At the currently discounted valuation, Credicorp stock is worth a look. Read the full article on Seeking AlphaSeeking Alpha • Aug 02
Credicorp: Still Cheaply Priced Relative To Its Fundamentals
Summary Having successfully climbed a wall of worry this year, Credicorp’s management outlined a bullish mid-term outlook at its investor day. In addition to the strong core business fundamentals, digital initiatives like Yape are also set to contribute to the P&L. Owning Credicorp into a normalizing rate environment has its risks, but long-term investors willing to brave out the transition period could still come out ahead. Read the full article on Seeking AlphaSeeking Alpha • Feb 13
Credicorp Executing Well, But Macro Risk Remains High
Summary Credicorp's fourth quarter results were better than expected at the pre-provision line, but higher provisioning drove a miss for net income. Management is taking a more conservative stance on credit, noting some signs of weakness in real estate and tourism. Credicorp continues to see growth in its digital businesses, while competitors are getting more aggressive in corporate lending. Peru's political unrest threatens to spill over into the economy, as protests disrupt tourism and mining operations. Credicorp is undervalued on long-term growth of around 10%, but macro issues in Peru are a near-term issue for sentiment. I’ve used the “good house in a difficult neighborhood” analogy before with Credicorp (BAP), and it remains valid today – this Peruvian bank is a very well-run bank and one with above-average growth prospects, but political (and potentially economic) turmoil remains a significant challenge for sentiment and will, at some point, spill over into the operations unless the government of Peru can find a path out of its current crisis. Thus far, the shares have held up alright, declining modestly since my last update. It will take time for Peru to get back to some semblance of normal, but in the meantime two of the country’s main engines of economic growth, mining and tourism, are vulnerable to ongoing social unrest. I do still believe that Credicorp can generate around 10% long-term core earnings growth from here, and that it is undervalued on that basis, but investors considering the shares today should at least go in with their eyes open to the macro risks here. A Good Quarter On A Core Basis, But Higher Provisions Are A Concern Credicorp’s core results were better than expected in the fourth quarter, but there were some warning signs, including slowing loan demand and rising provisions, with management getting more cautious on the economic outlook. Revenue rose 22% year over year and 6% quarter over quarter, with net interest income driving the growth. Net interest income rose about 31% yoy and 8% qoq, beating by around 5% (different third-party services reported different “consensus” numbers for the quarter), with net interest margin up almost 150bp yoy and 42bp qoq to 5.73%. Earning assets fell about 3% sequentially. Fee income declined 3% yoy and 4% qoq, while insurance earnings rose 44% yoy and fell about 7% qoq. Operating expenses rose 11% yoy and about 16% qoq reported. Pre-provision profits rose 37% yoy and fell 3% qoq, beating by about 3%. Provisions, though, were much higher than expected, driving pre-tax profits down 18% qoq (up 1% yoy), missing by about 6% to 9%. Slowing Growth And Rising Non-Performing Loans Overall constant currency structural loan performance wasn’t too bad, rising close to 12% yoy and about 4% qoq, only a modest deceleration from the sequential growth in the third quarter. For the Peruvian operations, though, loans were up less than 1% sequentially versus the 5%-plus growth in the prior quarter, with particularly noticeable slowdowns in business lending. Corporate lending was down about 2% qoq, while small/medium-sized business lending slowed to the low single-digits. Consumer lending growth remains in the low single-digits on a sequential basis, with Mibanco slowing from about 4% qoq growth in the third quarter to less than 3% qoq growth this quarter. Given higher rates (Credicorp’s average loan yield improved 180bp yoy and 50bp qoq to 9.9%) and growing concern about the economy in 2023, it’s not so surprising that loan demand is slowing. At the same time, I think it’s worth monitoring the performance of competitors – BBVA (BBVA) and Bank of Nova Scotia (BNS) (“Scotiabank”) have both been getting more aggressive in going after Credicorp’s nearly 40% market share in corporate lending. I also find Intercorp’s (IFS) efforts on the retail and digital side to be interesting. I’m more concerned at this point by the credit situation. Non-performing loans rose 10% sequentially, with the structural NPL ratio climbing slightly (3bp) to 4.95%. Mibanco’s NPL ratio actually improved meaningfully on a sequential basis, from 6.5% to 5%. Cost of risk jumped 85bp qoq to 2.06%, with Mibanco up 320bp to 5.9%, as management takes a more conservative stance on credit. Management pointed to increased signs of weakness in the corporate business from businesses in the real estate and tourism sectors, and does sound more cautious overall about the business climate in 2023. Political Risk Will Eventually Become Economic Risk Credicorp is doing well with the things it can control. It has maintained strong share in a wide range of lending categories while simultaneously maintaining good risk control and expanding its lending to smaller businesses and microfinance customers. There are a few areas where Credicorp punches below its weight (credit cards, most notably), but competing for more share against Intercorp and Scotiabank may not be worth the risk and cost. Credicorp also continues to leverage its digital efforts. About two-thirds of its customers use the bank’s digital tools for half or more of their transactions, and Yape continues to grow nicely, with a 42% sequential increase in users and an 84% sequential increase in active users. Not only is Credicorp starting to monetize Yape (largely through transactions and marketplace services), it’s expanding its digital offerings on Culqui (its acquiring/POS platform) and moving forward with a new digital bank offering for affluent customers. All of that is great, but there are bigger events underway in Peru. The arrest and impeachment of former president Castillo has not only put the country’s sixth president in place within the last five years, but also sparked violent protests across the country (more in the southern areas). Protests have led to the closure of Machu Picchu and disruptions to the mining industry, and the U.S. State Department and Britain’s government both now advise caution with respect to traveling to Peru. A resolution seems distant at this point. Some of the protestors are talking about themselves as an insurgency, and in multiple cases the government has treated them as such, leading multiple ministers of Boluarte’s government to resign in protest of the government’s use of violence to quell protests. Meanwhile, although the populace seems to support new elections in 2023, the congress seems reluctant to move on this, with elections currently scheduled for 2026.Seeking Alpha • Dec 16
Credicorp GAAP EPS of S/16.33, Net interest income of S/3B
Credicorp press release (NYSE:BAP): Q3 GAAP EPS of S/16.33. Net interest income of S/3B (+22.4% Y/Y). Efficiency Ratio improved 80bps YTD and stood at 43.9% in September. Structural Loans up 5.2% QoQ (+4.3% FX Neutral) and 10.3% YoY (+12.6% FX Neutral) in average daily balances.Stability and Growth of Payments
Fetching dividends data
Stable Dividend: BAP's dividend payments have been volatile in the past 10 years.
Growing Dividend: BAP's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Credicorp Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (BAP) | 3.9% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Banks) | 2.4% |
| Analyst forecast (BAP) (up to 3 years) | 5.1% |
Notable Dividend: BAP's dividend (3.88%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: BAP's dividend (3.88%) is low compared to the top 25% of dividend payers in the US market (4.18%).
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (53.9%), BAP's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BAP's dividends in 3 years are forecast to be covered by earnings (50.2% payout ratio).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/20 01:17 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Credicorp Ltd. is covered by 20 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Roberto de Aguiar Attuch | Barclays |
| Ernesto Gabilondo Márquez | BofA Global Research |
| Francisco Navarrete | Bradesco S.A. Corretora de Títulos e Valores Mobiliários |