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Credicorp (BAP)
NYSE:BAP
Earnings Data
Report Date
May 15, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
5.42Last Year’s EPS
5.17Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: -6.30%
|Next Earnings Date:May 15, 2025
Earnings Call Sentiment|Positive
The earnings call highlights Credicorp's strong financial performance and strategic advancements, particularly in digital innovation and financial inclusion. However, challenges such as the one-off impact from the Sartor case and subdued private investment temper these achievements.Company Guidance
During the call, Credicorp Ltd. provided guidance for the upcoming fiscal year, expecting the Peruvian economy to grow around 3% in 2025. The company anticipates total loan book growth of approximately 3.5% in average daily balances, equivalent to around 6% growth in quarter-end balances, driven mainly by retail banking at BCP and MiBanco. Credicorp expects its Net Interest Margin (NIM) to remain resilient, ranging between 6.2% and 6.5%, despite potential rate reductions. The cost of risk is projected to be between 2% and 2.4%, with risk-adjusted NIM expected to stand between 4.8% and 5%. Additionally, the efficiency ratio is forecasted to be between 45% and 47%, considering an accounting policy change related to the loyalty program. The company aims for an ROE of around 17.5% for the full year, supported by continued investment in digital transformation and a diversified source of income.Record Profitability
Credicorp achieved record profitability of $5.5 billion with an ROE of 16.5%, aligning with guidance at 17.2% when excluding one-off charges related to the Sartorius case.
Strong Economic Recovery in Peru
Peru's GDP expanded by over 3% in 2024, with inflation falling to 2.2%—the lowest in four years. The central bank lowered its policy rate to support recovery.
Yape's Growth and Profitability
Yape reached profitability in 2024 with nearly 14 million active users, doubling its transaction volume and becoming Peru's fifth-largest e-commerce player.
Improved Asset Quality
The NPL ratio dropped 60 basis points to 5.3%, with provisions falling 14.4% due to improved payment performance at BCP and MiBanco.
Sustainable Financing Initiatives
Credicorp allocated over $1.5 billion in sustainable financing across key sectors, contributing to financial inclusion and poverty reduction in Peru.
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BAP 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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BAP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 10, 2025 | $191.01 | $188.42 | -1.36% |
| Nov 07, 2024 | $182.40 | $185.00 | +1.43% |
| Aug 08, 2024 | $166.03 | $162.97 | -1.84% |
| May 09, 2024 | $163.86 | $162.85 | -0.62% |
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 Credicorp (BAP) report earnings?
Credicorp (BAP) is schdueled to report earning on May 15, 2025, TBA Not Confirmed.
What is Credicorp (BAP) earnings time?
Credicorp (BAP) earnings time is at May 15, 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 BAP EPS forecast?
BAP EPS forecast for the fiscal quarter 2025 (Q1) is 5.42.
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