Reported Earnings • May 20
First quarter 2026 earnings released: EPS: S/25.90 (vs S/22.39 in 1Q 2025) First quarter 2026 results: EPS: S/25.90 (up from S/22.39 in 1Q 2025). Revenue: S/5.76b (up 22% from 1Q 2025). Net income: S/2.06b (up 16% from 1Q 2025). Profit margin: 36% (down from 38% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 20
Credicorp Ltd. announces Annual dividend, payable on June 12, 2026 Credicorp Ltd. announced Annual dividend of USD 50.0000 per share payable on June 12, 2026, ex-date on May 18, 2026 and record date on May 18, 2026. Duyuru • Apr 03
Credicorp Ltd. Announces Board and Committee Changes Credicorp Ltd. appointed María Inés Álvarez (Independent), Juan Paredes Manrique (Independent), and Manuel Romero Valdez (Non-Independent) to the Company’s Board of Directors for the period from March 2026 to March 2029. These new directors succeed Antonio Abruña Puyol, Alexandre Gouvêa, and Patricia Lizárraga Guthertz, who have decided to retire from the Board. During Credicorp’s Board meeting held on April 1, 2026, in accordance with the Company’s Bye-laws, the Board appointed Mr. Luis Enrique Romero Belismelis as Chairman of the Board and Mr. Raimundo Morales Dasso as Vice Chairman of the Board. Additionally, the Board approved the composition of the Board Committees as follows: Audit Committee: Juan Paredes Manrique (Chair), María Teresa Aranzabal Harreguy (Member), Nuria Aliño Pérez (Member); Sustainability Committee: María Teresa Aranzabal Harreguy (Chair), Nuria Aliño Pérez (Member), Pedro Rubio Feijóo (Member), Leslie Pierce Diez-Canseco (Member), Manuel Romero Valdez (Member); Risk Committee: Pedro Rubio Feijóo (Chair), Luis Romero Belismelis (Member), Raimundo Morales Dasso (Member), Juan Paredes Manrique (Member), María Inés Álvarez Arnao (Member); Compensation & Nominations Committee: Nuria Aliño Pérez (Chair), Luis Romero Belismelis (Member), Raimundo Morales Dasso (Member), María Teresa Aranzabal Harreguy (Member), Pedro Rubio Feijóo (Member). Duyuru • Jan 30
Credicorp Ltd., Annual General Meeting, Mar 31, 2026 Credicorp Ltd., Annual General Meeting, Mar 31, 2026, at 15:00 SA Pacific Standard Time. Duyuru • Apr 25
Credicorp Ltd. Declares Cash Dividend for Fiscal Year 2024, Payable on June 13, 2025 Credicorp Ltd. announced that its Board of Directors declared a cash dividend of PEN 40.00 per share for a total of PEN 3,775,292,680.00 in line with the Company’s Bye-Laws and taking into account the total net income attained in the 2024 financial year of PEN 5,501,254,379.37. The cash dividend will be paid out on June 13, 2025, without withholding tax at source, to shareholders of record on May 19, 2025. Duyuru • Jan 31
Credicorp Ltd., Annual General Meeting, Mar 27, 2025 Credicorp Ltd., Annual General Meeting, Mar 27, 2025, at 15:00 SA Pacific Standard Time. Reported Earnings • Nov 09
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: S/4.54b (up 12% from 3Q 2023). Net income: S/1.52b (up 23% from 3Q 2023). Profit margin: 34% (up from 30% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Upcoming Dividend • Sep 13
Upcoming dividend of S/11.00 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 18 October 2024. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.5%). Duyuru • Aug 30
Credicorp Ltd. Announces Special Cash Dividend, Payable on October 18, 2024 Credicorp Ltd. announced that its Board of Directors unanimously agreed to declare a special cash dividend of PEN 11.0000 per share for a total of PEN 1,038,205,487.00 in line with the Company´s Bye-Laws. The cash dividend will be paid out on October 18, 2024, without withholding tax at source, to shareholders of record on September 23, 2024. The dividend will be paid in US Dollars using the weighted exchange rate reported by the Peruvian Superintendency of Banks, Insurance and Pension Funds (Superintendencia de Banca, Seguros y AFP) for transactions at the close of business on October 16, 2024. The US Dollar dividend amount will be rounded up to four decimals. Reported Earnings • Aug 11
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: S/4.35b (up 5.4% from 2Q 2023). Net income: S/1.34b (down 4.4% from 2Q 2023). Profit margin: 31% (down from 34% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 22% per year. Upcoming Dividend • May 13
Upcoming dividend of S/35.00 per share Eligible shareholders must have bought the stock before 17 May 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 5.4%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.4%). Reported Earnings • May 12
First quarter 2024 earnings released: EPS: S/19.02 (vs S/17.35 in 1Q 2023) First quarter 2024 results: EPS: S/19.02 (up from S/17.35 in 1Q 2023). Revenue: S/4.35b (up 7.8% from 1Q 2023). Net income: S/1.51b (up 9.2% from 1Q 2023). Profit margin: 35% (in line with 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 29
Dividend of S/35.00 announced Shareholders will receive a dividend of S/35.00. Ex-date: 17th May 2024 Payment date: 14th June 2024 Dividend yield will be 22%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (41% payout ratio) and is expected to be well covered in 3 years' time (47% forecast payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Apr 27
Credicorp Ltd. Raises Annual Dividend, Payable on June 14, 2024 Credicorp Ltd. announced to its shareholders and the market that the Board of Directors declared a dividend of PEN 35.0 per share on the issued shares of the common stock of Credicorp, an increase from the prior annual dividend of PEN 25.0 per share. The cash dividend will be paid out on June 14th, 2024, without withholding tax at source, to shareholders of record on May 20th, 2024. Reported Earnings • Feb 11
Full year 2023 earnings released: EPS: S/61.17 (vs S/58.26 in FY 2022) Full year 2023 results: EPS: S/61.17 (up from S/58.26 in FY 2022). Revenue: S/16.2b (up 4.6% from FY 2022). Net income: S/4.87b (up 5.0% from FY 2022). Profit margin: 30% (in line with FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 27
Credicorp Ltd., Annual General Meeting, Mar 27, 2024 Credicorp Ltd., Annual General Meeting, Mar 27, 2024, at 20:00 Paraguay Standard Time. Agenda: To consider Presentation by the Chairman of the Board of the Annual and Sustainability Report of Company for the financial year ended December 31, 2023; to present the Board of the audited individual (standalone) and consolidated financial statements of Company and its subsidiaries for the financial year ended December 31, 2023, including the report of the external auditors of Company thereon; and to consider appointment of the external auditors of Company to perform such services for the 2024 financial year and delegation of the power to set and approve fees for such audit services to the Board of Directors. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €138, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €262 per share. Reported Earnings • Nov 06
Third quarter 2023 earnings released: EPS: S/15.50 (vs S/16.38 in 3Q 2022) Third quarter 2023 results: EPS: S/15.50 (down from S/16.38 in 3Q 2022). Revenue: S/4.07b (up 2.1% from 3Q 2022). Net income: S/1.24b (down 4.9% from 3Q 2022). Profit margin: 30% (down from 33% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: S/17.57 (vs S/14.10 in 2Q 2022) Second quarter 2023 results: EPS: S/17.57 (up from S/14.10 in 2Q 2022). Revenue: S/4.13b (up 14% from 2Q 2022). Net income: S/1.40b (up 25% from 2Q 2022). Profit margin: 34% (up from 31% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 11
Upcoming dividend of US$6.74 per share at 2.9% yield Eligible shareholders must have bought the stock before 18 May 2023. Payment date: 09 June 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.1%). Reported Earnings • May 08
First quarter 2023 earnings released: EPS: S/17.36 (vs S/14.30 in 1Q 2022) First quarter 2023 results: EPS: S/17.36 (up from S/14.30 in 1Q 2022). Revenue: S/4.03b (up 15% from 1Q 2022). Net income: S/1.38b (up 22% from 1Q 2022). Profit margin: 34% (up from 32% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 14
Full year 2022 earnings released: EPS: S/58.25 (vs S/45.09 in FY 2021) Full year 2022 results: EPS: S/58.25 (up from S/45.09 in FY 2021). Revenue: S/15.5b (up 18% from FY 2021). Net income: S/4.63b (up 29% from FY 2021). Profit margin: 30% (up from 27% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in Europe. Board Change • Nov 17
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Leslie Diez Canseco was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: S/16.33 (vs S/14.64 in 3Q 2021) Third quarter 2022 results: EPS: S/16.33 (up from S/14.64 in 3Q 2021). Revenue: S/4.05b (up 13% from 3Q 2021). Net income: S/1.30b (up 12% from 3Q 2021). Profit margin: 32% (in line with 3Q 2021). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: S/14.11 (vs S/8.80 in 2Q 2021) Second quarter 2022 results: EPS: S/14.11 (up from S/8.80 in 2Q 2021). Revenue: S/3.72b (up 24% from 2Q 2021). Net income: S/1.12b (up 60% from 2Q 2021). Profit margin: 30% (up from 23% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 18%, compared to a 16% growth forecast for the Banks industry in Germany. Upcoming Dividend • May 12
Upcoming dividend of S/15.00 per share Eligible shareholders must have bought the stock before 19 May 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (6.7%). Reported Earnings • May 11
First quarter 2022 earnings released: EPS: S/14.25 (vs S/8.32 in 1Q 2021) First quarter 2022 results: EPS: S/14.25 (up from S/8.32 in 1Q 2021). Revenue: S/3.66b (up 36% from 1Q 2021). Net income: S/1.14b (up 72% from 1Q 2021). Profit margin: 31% (up from 25% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 15% growth forecast for the industry in Germany. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Leslie Diez Canseco was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: S/13.1b (up 76% from FY 2020). Net income: S/3.58b (up S/3.24b from FY 2020). Profit margin: 27% (up from 4.7% in FY 2020). The increase in margin was driven by higher revenue. Non-performing loans: 5.02% (up from 4.65% in FY 2020). Revenue exceeded analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 23%, compared to a 9.7% growth forecast for the banks industry in Germany. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improved over the past week After last week's 16% share price gain to €136, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Banks industry in Europe. Total returns to shareholders of 7.5% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €218 per share. Duyuru • Jan 30
Credicorp Ltd., Annual General Meeting, Mar 29, 2022 Credicorp Ltd., Annual General Meeting, Mar 29, 2022, at 20:00 Coordinated Universal Time. Agenda: To consider annual Report for the financial year ended December 31, 2021; to consider the Sustainability Strategy of Credicorp; to consider the audited consolidated financial statements of the Company and its subsidiaries for the financial year ended December 31, 2021, including the report of the external auditors of the Company thereon; to appoint the external auditors of the Company to perform such services for the 2022 financial year and to delegate the power to set and approve fees for such audit services to the Board of Directors. Duyuru • Jan 29
Credicorp Announces Executive Changes, Effective February 1, 2022 Credicorp Ltd. announced that the Board of Directors, in its session held on January 27th, 2022, appointed Francesca Raffo as Chief Innovation Officer of Credicorp, effective February 1st, 2022. This position, which was recently created, will ensure that all LOBs are aligned with Credicorp’s strategy to act as force of disruption and innovation in the financial services industry. With its new governance structure, the company intends to strengthen its capabilities to incubate new business models that are close to its core at each LOB Innovation Center while pursuing external innovation opportunities through its Corporate Venture Center, Krealo. Ms. Raffo will continue in her role as Deputy CEO Retail Banking at BCP, which she assumed in June 2020. Her successful career at BCP spans 26 years and includes heading Transformation at BCP; managing the Satisfied Customers’ Division; creating BCP's first Innovation Center; and leading the Marketing Services Area. Additionally, the Board determined that Mr. Cesar Rivera will be the Head of the LOB Insurance and Pensions in replacement of Alvaro Correa, who recently retired. Mr. Rivera has more than 25 years of experience in the Pensions and Insurance sector and will remain in his current role of CEO of Pacifico Compañía de Seguros y Reaseugros, which he has held since January 2020. Reported Earnings • Nov 10
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: S/3.54b (up 85% from 3Q 2020). Net income: S/1.16b (up S/1.06b from 3Q 2020). Profit margin: 33% (up from 5.5% in 3Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improved over the past week After last week's 16% share price gain to €111, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Banks industry in Europe. Total returns to shareholders of 9.0% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €164 per share. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 17% share price gain to €87.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Banks industry in Europe. Total loss to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €149 per share. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to S/84.00, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Banks industry in Europe. Total loss to shareholders of 20% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €144 per share. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improved over the past week After last week's 22% share price gain to S/117, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Banks industry in Europe. Total loss to shareholders of 5.6% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €152 per share. Reported Earnings • May 10
First quarter 2021 earnings released: EPS S/8.32 (vs S/2.64 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: S/2.70b (up 26% from 1Q 2020). Net income: S/660.8m (up 216% from 1Q 2020). Profit margin: 25% (up from 9.8% in 1Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Feb 10
Full year 2020 earnings released: EPS S/4.37 (vs S/53.66 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: S/7.42b (down 41% from FY 2019). Net income: S/346.9m (down 92% from FY 2019). Profit margin: 4.7% (down from 34% in FY 2019). Duyuru • Jan 30
Credicorp Ltd., Annual General Meeting, Mar 31, 2021 Credicorp Ltd., Annual General Meeting, Mar 31, 2021, at 20:00 Coordinated Universal Time. Agenda: To consider annual Report for the financial year ended December 31, 2020; to consider the audited consolidated financial statements of the Company and its subsidiaries for the financial year ended December 31, 2020, including the report of the external auditors of the Company thereon; to appoint the external auditors of the Company to perform such services for the 2021 financial year and to delegate the power to set and approve fees for such audit services to the Board of Directors (for further delegation to the Audit Committee thereof). Duyuru • Dec 20
Credicorp Ltd. Announces Committee Appointments On December 17th 2020, the Board of Directors of Credicorp approved an initiative to broaden the scope of the Corporate Governance Committee and to change its name to “Sustainability Committee”. The Board also appointed Leslie Pierce as new member of the renamed Committee. On December 17th, the Board approved the decision to change the name of the Corporate Governance Committee to “Sustainability Committee” to reflect its goal to lead and supervise Credicorp’s novel and ambitious Sustainability program. The Board believes this program is key to ensuring business success and long-term stakeholder value. The Sustainability Committee will, alongside its current Corporate Governance roles, assume functions related to the Sustainability Program. After Mr. Pierce was appointed to serve on the Board at the Special Shareholders meeting in October this year, the Board made the decision to elect Mr. Pierce, who has ample experience with Corporate Responsibility matters, to sit on the Sustainability Committee. Mr. Pierce has led philanthropic organizations such as Vida Peru, Banco de Alimentos del Peru and Crea+. His energy, strategic mindset and track record in building and leading large corporations make him an excellent addition to the committee. The other members of the Sustainability Committee are: Maite Aranzabal Harreguy (Chair), Antonio Abruña Puyol, Fernando Fort Marie, Patricia Lizarraga Guthertz and Barbara Bruce Ventura. Valuation Update With 7 Day Price Move • Nov 28
Market bids up stock over the past week After last week's 15% share price gain to S/128, the stock is trading at a trailing P/E ratio of 66.7x, up from the previous P/E ratio of 57.8x. This compares to an average P/E of 11x in the Banks industry in Europe. Is New 90 Day High Low • Nov 24
New 90-day high: €116 The company is up 10.0% from its price of €105 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €130 per share. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 16% share price gain to S/112, the stock is trading at a trailing P/E ratio of 57.4x, up from the previous P/E ratio of 49.5x. This compares to an average P/E of 11x in the Banks industry in Europe. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS S/1.32 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: S/1.95b (down 37% from 3Q 2019). Net income: S/104.6m (down 90% from 3Q 2019). Profit margin: 5.4% (down from 36% in 3Q 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Oct 29
New 90-day low: €100.00 The company is down 5.0% from its price of €105 on 30 July 2020. The German market is also down 5.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Banks industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €102 per share. Duyuru • Oct 20
Credicorp Ltd. Elects Leslie Pierce Diez Canseco as Director Credicorp Ltd. announced that its shareholders, agreed to appoint Mr. Leslie Pierce Diez Canseco as the ninth member of the Board of Directors of the company, for the 2020-2023 period. Is New 90 Day High Low • Oct 06
New 90-day low: €102 The company is down 13% from its price of €117 on 08 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €109 per share.