Analyst Consensus ?
ConsensusBuy14 ratings
Bullish964.3%
Neutral535.7%
Bearish00.0%
Credicorp Ltd. · BAP · FY2025 Q3 · Calendar Q4 2025
Credicorp posts solid Q3 as digital platforms expand
The supplied analysis supports a constructive but conditional view: resilient Q3 profitability, maintained guidance, and continued digital-platform expansion provide evidence for earnings durability, while credit costs, political uncertainty, and execution remain important tests.
Reported After market closeNYSEFinancial Services
$30.06B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$6.28
Consensus $6.29
EPS surprise
-0.2%
Reported versus consensus
Reported revenue
$1.67B
Consensus $1.64B
Revenue surprise
+2.1%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+0.7%
Event window
SPY move
-0.0%
Same window
Abnormal move
+0.7%
Stock minus SPY
Volume
1.6×
Versus trailing sessions
Subsequent drift
+11.2%
Up to 20 sessions
BAPSPY benchmark
Ask FN2 about BAP FY2025 Q3
Transcript, numbers and history already loaded
Why did BAP rise 0.7% after missing EPS estimates in FY2025 Q3?What changed in BAP's guidance and outlook in FY2025 Q3?Give me the bull and bear case for BAP after FY2025 Q3 earnings.
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Transcript intelligence
What changed
The current analysis emphasizes 19.6% Q3 ROE, improved asset quality, and continued digital-platform momentum. Versus the prior quarter, guidance remains maintained while the digital growth targets become more explicit; management still expects cost of risk to rise modestly later in the year.
Guidance delta
Maintained: management reaffirmed full-year loan-growth guidance of about 6.5% year over year, an ROE target around 19%, and a 42% efficiency-ratio goal.
Key takeaways
- Q3 ROE was 19.6%, with improved asset quality across segments.
- Management maintained full-year guidance while highlighting Yape, Tenpo, and Warda as growth engines.
- Yape is targeted to reach 18 million monthly active users by 2028 and triple revenue.
- The main counterweights are political risk, possible slower loan growth, and a later increase in cost of risk.
Management priorities
- Scale and monetize Yape, Tenpo, and Warda.
- Expand Yape lending and improve the efficiency ratio through digital leverage.
- Continue investment in digital talent, innovation platforms, and data/AI capabilities.
- Maintain disciplined capital allocation, including a potential dividend payout ratio in the high 60s percent.
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Beat
Miss
Match
Analyst 52W Price Targets
$372.55Current
$154Low
$323.71Average
$480High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 2, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Overweight | Neutral | Upgrade | Sep 16, 2026 |
| UBS | Buy | Buy | Maintain | Aug 20, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Jul 16, 2026 |
| Morgan Stanley | Overweight | Equal Weight | Upgrade | Jun 17, 2026 |
| HSBC | Buy | Hold | Upgrade | May 19, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 20, 2025 |
| B of A Securities | Neutral | Buy | Downgrade | Dec 16, 2024 |
| Scotiabank | Sector Outperform | Sector Perform | Upgrade | Jul 7, 2023 |
| Itau BBA | Outperform | Market Perform | Upgrade | Jan 3, 2023 |
| Credit Suisse | Outperform | Neutral | Upgrade | Jul 19, 2022 |
| Santander | Hold | Buy | Downgrade | Jun 23, 2020 |
| Bank of America | Neutral | Buy | Downgrade | Jan 7, 2020 |
| Barclays | Overweight | Overweight | Maintain | Mar 15, 2016 |
| Raymond James | Market Perform | Outperform | Downgrade | Mar 15, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $372.55. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Thiago Batista | $473 | $368.98 | +27.0% | Aug 20, 2026 |
| Morgan Stanley | Jorge Kuri | $480 | $364.28 | +28.8% | Jun 17, 2026 |
| UBS | Analyst unavailable | $412 | $342.85 | +10.6% | May 26, 2026 |
| HSBC | Carlos Gomez-Lopez | $350 | $303.86 | -6.1% | May 19, 2026 |
| UBS | Thiago Batista | $408 | $340.01 | +9.5% | Apr 21, 2026 |
| UBS | Thiago Batista | $318 | $267.1 | -14.6% | Sep 16, 2025 |
| Morgan Stanley | Jorge Kuri | $195 | $185 | -47.7% | Sep 27, 2024 |
| Bank of America Securities | Ernesto Gabilondo | $190 | $185 | -49.0% | Sep 27, 2024 |
| Bradesco | Gustavo Schroden | $207 | $161.88 | -44.4% | Apr 18, 2024 |
| BTG Pactual | Alonso Aramburu | $154 | $129.38 | -58.7% | Sep 9, 2022 |
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Start freeCompany context
Snapshot as of publicationCredicorp Ltd., together with its subsidiaries, provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico. It operates through Universal Banking; Insurance, Medical Services, and Pensions; Microfinance; and Investment Management and Advisory segments. The company grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts. It also issues insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; provides medical and health services, as well as management services of private pension funds to the affiliates.…
Historical context
All BAP earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FDS FactSet Research Systems Inc. | FY2026 Q4 · Calendar Q3 2026 | +3.9% | +3.8% | FactSet reports record FY26 results as AI and MCP adoption accelerate |
| PUK Prudential plc | FY2026 Q2 · Calendar Q3 2026 | -40.9% | -0.5% | Prudential sustains growth and capital returns focus in H1 2026 |
| CM Canadian Imperial Bank of Commerce | FY2026 Q3 · Calendar Q3 2026 | +8.9% | -2.8% | CIBC Q3: Broad growth, resilient credit and expanded AI rollout |
| TD The Toronto-Dominion Bank | FY2026 Q3 · Calendar Q3 2026 | +13.8% | +1.4% | TD emphasizes growth investments alongside disciplined capital management |
| RY Royal Bank of Canada | FY2026 Q3 · Calendar Q3 2026 | +6.2% | -1.3% | RBC reports record Q3 earnings while investing for growth |
| AFRM Affirm Holdings, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1230.3% | +0.3% | Affirm's most profitable quarter shifts focus to product execution |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the BAP recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-10-02T18:16:10.262252+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-02T18:16:10.259344+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-02. For educational purposes only; not investment advice.