Intercorp Financial Services Inc. · NYSE:IFS
Intercorp Financial Services — Q2 2026 Earnings Presentation
38 slides from Intercorp Financial Services's earnings presentation, August 2026
Slide 1: Banking Segment
Banking Segment August 2026
Slide 2: Interbank at a glance
Key investment highlights Interbank at a glance
Slide 3: Interbank is a universal bank with a leading position in consumer finance
Interbank is a universal bank with a leading position in consumer finance Financial highlights Market leadership across key businesses As of June 30 , 2026 S/ mn | US$ mn Assets (1) 81,686 | 23,950 Gross loans (1) 52,651 | 15,437 15% 18% 11 % Deposits (1) 56,234 | 16,487 Market share in Market share
Slide 4: The cornerstone of IFS, a robust financial services platform
The cornerstone of IFS, a robust financial services platform IFS’ Key highlights as of 2Q26 Credit BB+ / BBB S&P / Fitch rating >$6.7bn Market cap Listed in NYSE: IFS Universal bank with Insurance company Advisory firm for the a balanced portfolio focused on life & annuities emerging wealthy Total A
Slide 5: IFS is part of Intercorp Group
IFS is part of Intercorp Group Financials Retail Education Health Entertainment Corporate services 3
Slide 6: Value-generating strategy
Value -generating strategy 1 Profitable growth Growing profitability by focusing on businesses key segments and Customer 2 centricity Centering the client by learning to understand and anticipate their needs 3 Delivering simple, frictionless experiences, enabled Digital by a world -class digital ban
Slide 7: Key investment highlights
Key investment highlights Peruvian economy Diversified banking Profitability driven 1 among the strongest in the region 2 businesses supporting continuous growth 3 by solid financial performance Strong culture and corporate 4 Innovative approach to deepen primary banking relationships 5 governance,
Slide 8: Key investment highlights
Key investment highlights 1 Peruvian economy among the strongest in the region 2 Diversified banking platform supporting continuous growth 3 Rebounding profitability driven by solid financial performance 4 Innovative approach to deepen primary banking relationships 5 Sound culture & corporate govern
Slide 9: Peru at a glance
Peru at a glance Population PBI 2026E Domestic demand Main export 2026E products 3.4% 5.8 % Copper Gold 32% 20% 34 Million Agro 14% Debt to GDP Risk Rating Net international Loans to GDP 2026E reserves to GDP S&P BBB - 31% Moody’s Fitch Baa1 BBB 28% 33% 6
Slide 10: Stable economic indicators, amid rising uncertainty
Stable economic indicators, amid rising uncertainty Resilient economic activity Stable interest rates (%) Probability of el Niño Costero (4Q26, %) GDP growth YoY (%) 2026E 54 3.4% 3.7 3.6 41 3.3 31 2.7 2.6 4.50 4.25 4.25 4.25 4.25 4.50 5 4.25 1 - 3.75 3.75 3.75 Apr-26 Aug-26 Jun25 Sep25 Dec25 Mar26
Slide 11: Ample opportunity in the financial sector
Ample opportunity in the financial sector Banking sector in its prime for expansion Large untapped banking opportunity present (2024 Account ownership in population 15+yrs | %) (Peru´s loan portfolio evolution | US$ bn) 85% 86% 110 115 59% 97 95 96 53% 57% PERU MEXICO COLOMBIA CHILE BRAZIL 2022 2023
Slide 12: Key investment highlights
Key investment highlights 1 Peruvian economy among the strongest in the region 2 Diversified banking platform supporting continuous growth 3 Rebounding profitability driven by solid financial performance 4 Innovative approach to deepen primary banking relationships 5 Sound culture & corporate govern
Slide 13: Growing loan portfolio
Growing loan portfolio Interbank total loan breakdown Leading position in consumer loans – Market share (%) (1) Consumer Consumer 27% 30% 30% Jun25 Commercial Jun26 19% 18% 48% 48% Commercial S/ 50.1 S/ 52.7 13% bn bn +5.1% 22% YoY 22% Mortgages BCP BBVA Interbank Scotiabank Mortgages Banking system
Slide 14: Strong PDL ratios
Strong PDL ratios PDL ratio evolution (%) PDL ratio vs. peers (%) Commercial loans Retail loans Total loans 3.7% 3.5% 3.3% 2.8% Scotiabank Interbank Scotiabank 4.6% 2.9% 3.6% BBVA 3.2% Scotiabank 2.4% BCP 2.7% 2.7% 2.5% 2.6% 2.2% BCP 3.0% BCP 2.3% BBVA 2.7% Interbank 1.4% BBVA 2.0% Interbank 2.2% 20
Slide 15: Diversified & growing funding base
Diversified & growing funding base (1) Funding base breakdown (%) Low -cost funding Other Bonds +100 bps 3% 9% Demand Due to Savings 25% 39.6% 9% 36.2% 37.2% Banks 40% 34.4% 9% 82% Deposits Time 82% 32% 2024 2025 Jun-25 Jun-26 Solid loan to deposit ratio (%) System avg . Fast growing deposit base Ju
Slide 16: Key investment highlights
Key investment highlights 1 Peruvian economy among the strongest in the region 2 Diversified banking platform supporting continuous growth 3 Rebounding profitability driven by solid financial performance 4 Innovative approach to deepen primary banking relationships 5 Sound culture & corporate govern
Slide 17: Stable NIM, strong risk-adjusted performance
Stable NIM, strong risk -adjusted performance Interest -earning assets (s/bn) Evolution of yield on assets and cost of funds (%) 80.8 70.1 71.7 73.0 74.5 17% 17% 18% 17% 16% 17% 16% 17% 16% 16% 17% NIM Yield on loans Cost of funds Risk-adjusted NIM 67% 66% 68% 66% 66% 10.5% 10.0% 9.9% 2024 2025 2Q25
Slide 18: Double digit growth in fee income
Double digit growth in fee income Fee income from financial services (S/ mn) Fee income as a % of operating revenues +15% +90bps YoY YoY 710 13.6% 14.2% 13.3% 619 12.7% 392 340 2024 2025 1H25 1H26 2024 2025 1H25 1H26 13
Slide 19: Efficiency remains a top priority
Efficiency remains a top priority Focus on efficiency ratio Banking expenses bridge (S/ mm) YoY +40% +16% +5% +12% 59 26 1,185 1,059 41 C/I 42.9% 42.0% 41.4% ratio 40.2% 2024 2025 1H25 1H26 1H25 Technology Personnel Others 1H26 Total expenses (S/ mm) Optimizing key distribution channels (# of financ
Slide 20: Stronger profitability, with ROE at 18%
Stronger profitability, with ROE at 18% Net income (S/ mn) Return on equity (%) ROA 1.3% 2.0% 1.8% 2.3% +34% +266bps YoY YoY 1,459 18.2% 16.2% 15.5% 11.9% 934 898 669 2024 2025 1H25 1H26 2024 2025 1H25 1H26 15
Slide 21: Comfortable buffers ahead of Basel III requirements
Comfortable buffers ahead of Basel III requirements CET1 and regulatory requirements Total capital and regulatory requirements 11.9% 15.5% 14.2% 1.9% Buffer 13.6% 3.5% 1.2% Buffer 1.2% 9.0% 0.5% 8.4% 0.5% 0.5% 2.5% 1.9% 0.5% 2.5% 1.9% 1.5% 1.5% 13.6% 1,5% 1,5% 8.4% 10.0% 10.0% 4.5% 4.5% 4,5% 4,5% TC
Slide 22: Key investment highlights
Key investment highlights 1 Peruvian economy among the strongest in the region 2 Diversified banking platform supporting continuous growth 3 Rebounding profitability driven by solid financial performance 4 Innovative approach to deepen primary banking relationships 5 Sound culture & corporate govern
Slide 23: Integrated digital bank
Integrated digital bank Payments Virtual piggy bank 5.8 mm Total My customers finances Digital financing 86% Digital retail customers 100% Digital account Loyalty & promotions 76% Digital commercial customers Marketplace Source: Superintendencia de Banca, Seguros y AFP (SBS), Asociación de Bancos de
Slide 24: Creating stronger primary banking relationships by delivering a top digital experience
Creating stronger primary banking relationships by delivering a top digital experience Digital customers +16% YoY retail primary banking (% of digital customers ) 84 Retail 86 74 Commercial 76 customers Jun-25 Jun-26 Jun-25 Jun-26 IBK Plin Transactions (mn) (1) +44 % YoY PLIN NPS Retail NPS Commerci
Slide 25: Higher transactionality continues to support low-cost funding
Higher transactionality continues to support low-cost funding Businesses Individuals Individuals + 48 % YoY float from + 86 % + 44 % Digital retail YoY Plin customers transactions IBK -Izipay Small businesses Small businesses + 39 % YoY Izipay flows to IBK accounts + 32 %YoY Small businesses deposit
Slide 26: Key investment highlights
Key investment highlights 1 Peruvian economy among the strongest in the region 2 Diversified banking platform supporting continuous growth 3 Rebounding profitability driven by solid financial performance 4 Innovative approach to deepen primary banking relationships 5 Sound culture & corporate govern
Slide 27: Focus on building a sustainable business
Focus on building a sustainable business Environmental IFS CSA results 2025 • Sustainable loans for up to U$540mm 78 +10 • First financed -emissions baseline (18% commercial portfolio) 69 +8 62 61 78 • Climate -tech training to boost green -financing capabilities 53 +9 -1 68 62 61 53 Social 2021 202
Slide 28: Interbank culture: our way of working underpins our success
Interbank culture: our way of working underpins our success Our Strategic Values Our culture Our awards in 2025/2026 #1 Best places to work We have a value -driven From GPTW culture Integrity Courage #2 in Diversity & inclusion From GPTW #3 Best place for women One where everyone feels From GPTW the
Slide 29: Strong corporate governance
Strong corporate governance BOD with independent members Board of directors 5 Strong corporate governance Relevant committees: - Audit - Executive - Integral Risk Committee Independent - Corporate governance - Credit directive members Highly supervised related party exposure, well below 9 regulatory
Slide 30: Definitions
Definitions Concept Definition Total revenues Gross financial margin + fee income from financial services, net + gain on financial transactions Efficiency ratio (Administrative expenses + Depreciation + amortization) / (total revenues) NIM (Annualized gross financial margin) / (Average interest -ear
Slide 31: Appendix
Appendix 30
Slide 32: Solid capitalization levels
Solid capitalization levels CET1 ratio Total capital ratio (TCR) Banking Banking System 13.7% 14.3% 13.6% 12.9%* System 17.4% 18.1% 17.3% 16.9%* 16.9% 12.5% 15.9% 16.3% 12.3% 15.5% 11.7% 11.9% 13.6% regulatory minimum 8.4% regulatory minimum 2024 2025 Jun-25 Jun-26 2024 2025 Jun-25 Jun-26 Source: SB
Slide 33: Retail customers reached 5.7 million
Retail customers reached 5.7 million +6 % YoY +8 % YoY 5.7 149 5.6 144 5.4 137 2Q25 1Q26 2Q26 2Q25 1Q26 2Q26 Banking – retail customers (mn) (1) Banking – commercial customers (th) (1) New methodology 25
Slide 34: Loan growth evolution (S/ mn)
Loan growth evolution (S/ mn) 5 year CAGR +7 % 51,050 46,921 48,681 44,049 41,525 17% 18% 18% 34,964 36,794 16% 33,276 15% 15% 26% 27% 15% 15% 26% 27% 27% 28% 28% 29% 22% 22% 23% 23% 22% 20% 23% 23% 11% 12% 12% 11% 11% 12% 12% 13% 22% 20% 23% 22% 18% 18% 17% 18% 2019 2020 2021 2022 2023 2024 2025 Ju
Slide 35: Manageable dollarization levels at Interbank
Manageable dollarization levels at Interbank Total loans Retail loans Commercial loans % USD 27% 27% 6% 6% 40% 41% System 50% 50% 74% 74% 96% 96% 50% 50% 26% 26% 4% 4% 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 Retail loans breakdown Commercial loans breakdown Consumer Mortgages Corporate Large & Medium Small &
Slide 36: Strengthening local currency deposit mix
Strengthening local currency deposit mix Total deposits Demand deposits Savings deposits 44% 42% 44% 42% % USD System 39% 36% 62% 66% 64% 69% 38% 34% 36% 31% 2Q25 2Q26 2Q25 2Q26 66% 69% Time deposits Others 38% 36% 54% 63% 34% 31% 69% 72% 77% 76% 31% 28% 23% 24% 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 USD PEN
Slide 37: Overview of Peruvian banking system
Overview of Peruvian banking system Banking system gross loans (S/ bn) Banking system net profit (S/ mn) ROE 14.6% 19.0% 18.4% 20.1% 370 391 351 363 14,147 10,325 8,499 220 218 230 7,072 213 138 151 145 161 2024 2025 Jun-25 Jun-26 2024 2025 1H25 1H26 Commercial Retail Banking system TCR (%) Asset qu
Slide 38: Banking Segment
Banking Segment August 2026
Intercorp Financial Services — Q2 2026 Earnings Presentation on 6ix