BAP Financial Services

Credicorp Ltd.

$351.26+0.08%

Price as of close on Nov 3, 2026 · Financials updated Nov 1, 2026

Basics

Sector: Financial Services
Industry: Banks - Regional
Country: Peru
Market cap: 27.9B USD
Full-time employees: 52,770

Overall health

Strength: more profitable than most peersmore profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #401 of 791 banks & insurance companies (bottom 50%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from PEN 18.4B in 2020 to PEN 28.6B in 2025.
Credicorp's fiscal-year revenue rose in each of the five years to 2025, from PEN 18.4B to PEN 28.6B.

StockQuotient Score

51/ 100▲ 1 since Oct 27 close

Oct 5 50 → Nov 4 51 (+1)

Valuation

Is the price right?

5/100

Weak

2/2 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ P/B
▼ Earnings yield

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield16.8%

SEC filings (IFRS mapped) · latest balance sheet · PEN→USD at the current rateOutlier capped at sector 5th/95th percentile40% base weight · Z-score -2.06Sector median: 0.7950 · MAD: 0.2843

Earnings yield3.0%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · PEN→USD at the current rateReported value60% base weight · Z-score -1.92Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yieldUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield3.6%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · PEN→USD at the current rate · operating cash flow − capital spendingReported valueInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

65/100

Moderate▲ 1 since Oct 27 close

1/1 inputs reported · High confidence

Since last year: ▲ Stronger

12-month revenue up 3.9%

Why it changed since the Oct 27, 2026 close: Score 64 → 65

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ EPS growth

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growth25.9%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value100% base weight · Z-score 0.56Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth10.9%

SEC filings (IFRS mapped) · 3 years to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth3.9%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

82/100

Strong

2/2 inputs reported · High confidence

Since last year: ▲ Stronger

Net margin rose 4.2 points to 24.3%

Why

Stronger than most peers on:

▲ ROE
▲ ROA

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets2.6%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value50% base weight · Z-score 2.27Sector median: 0.0117 · MAD: 0.0062

Return on equity18.1%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value50% base weight · Z-score 1.88Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Credicorp

Is Credicorp getting weaker?: Its latest SEC filing (Apr 27, 2026) got stronger: net margin rose 4.2 points to 24.3%. Its overall score is 51/100, up 1 since Oct 28, 2026.
How is Credicorp valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 5/100 against 950 banks & insurance peers. Book yield 16.8% vs a peer median of 79.5% (weaker than 100% of peers).Book yield 16.8% vs peers 79.5% (weaker than 100% of peers).
Is Credicorp growing?: Yes, faster than most of its peers. Growth scores 65/100 against 950 banks & insurance peers. Earnings per share growth 25.9% vs a peer median of 16.0% (stronger than 65% of peers).Earnings per share growth 25.9% vs peers 16.0% (stronger than 65% of peers).
How profitable is Credicorp?: More profitable than most of its peers. Profitability scores 82/100 against 950 banks & insurance peers. Return on equity 18.1% vs a peer median of 10.7% (stronger than 84% of peers).Return on equity 18.1% vs peers 10.7% (stronger than 84% of peers).
How risky is Credicorp?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Apr 27, 2026 · compared with the year ended Dec 31, 2024

Got stronger

Net margin rose 4.2 points to 24.3%

	Previous year	Latest year	Change
Revenue (12 months)	27.5B PEN	28.6B PEN	+3.9%
Net income (12 months)	5.5B PEN	6.9B PEN	+25.9%
Free cash flow (12 months)	14.2B PEN	8.3B PEN	−41.4%
Cash	47.6B PEN	49.0B PEN	+3.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in PEN, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Net margin	18.4%	22.2%	19.0%	20.0%	24.3%	▲ 4.2 pts
Return on assets (ROA)	1.5%	2.0%	2.0%	2.1%	2.6%	▲ 0.4 pts
Return on equity (ROE)	13.6%	16.0%	15.0%	16.0%	18.1%	▲ 2.0 pts

BAP price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #401 of 791 banks & insurance companies (bottom 50%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from PEN 18.4B in 2020 to PEN 28.6B in 2025.

Credicorp's fiscal-year revenue rose in each of the five years to 2025, from PEN 18.4B to PEN 28.6B.

Questions investors ask about Credicorp

Is Credicorp getting weaker?

Its latest SEC filing (Apr 27, 2026) got stronger: net margin rose 4.2 points to 24.3%. Its overall score is 51/100, up 1 since Oct 28, 2026.

How is Credicorp valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 5/100 against 950 banks & insurance peers. Book yield 16.8% vs a peer median of 79.5% (weaker than 100% of peers).Book yield 16.8% vs peers 79.5% (weaker than 100% of peers).

Is Credicorp growing?

Yes, faster than most of its peers. Growth scores 65/100 against 950 banks & insurance peers. Earnings per share growth 25.9% vs a peer median of 16.0% (stronger than 65% of peers).Earnings per share growth 25.9% vs peers 16.0% (stronger than 65% of peers).

How profitable is Credicorp?

More profitable than most of its peers. Profitability scores 82/100 against 950 banks & insurance peers. Return on equity 18.1% vs a peer median of 10.7% (stronger than 84% of peers).Return on equity 18.1% vs peers 10.7% (stronger than 84% of peers).

How risky is Credicorp?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous year

Latest year

Change

Revenue (12 months)

27.5B PEN

28.6B PEN

+3.9%

Net income (12 months)

5.5B PEN

6.9B PEN

+25.9%

Free cash flow (12 months)

14.2B PEN

8.3B PEN

−41.4%

Cash

47.6B PEN

49.0B PEN

+3.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Net margin

18.4%

22.2%

19.0%

20.0%

24.3%

▲ 4.2 pts

Return on assets (ROA)

1.5%

2.0%

2.1%

2.6%

▲ 0.4 pts

Return on equity (ROE)

13.6%

16.0%

15.0%

16.0%

18.1%

▲ 2.0 pts