NYSE : BAP
Credicorp Ltd. — Financial statements
Financials · Banks - Regional · Peru
Last price 348.96 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 27.71B
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Financial statements
Income statement
Fiscal year January - December; amounts in PEN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 20.74B | 19.93B | 19.87B | 18.80B | 15.01B | 11.85B |
| Interest Paid on Deposits | 5.15B | 5.21B | 5.75B | 5.86B | 3.92B | 2.49B |
| Net Interest Income | 15.59B | 14.72B | 14.12B | 12.94B | 11.09B | 9.36B |
| Income From Trading Activities | 51.92M | 51.92M | 156.19M | 53.66M | 65.19M | 221.06M |
| Gain (Loss) on Sale of Assets | 40.47M | 40.47M | 111.10M | 85.17M | 33.69M | 31.78M |
| Gain (Loss) on Sale of Investments | 634.14M | 400.69M | 362.30M | 425.14M | 5.47M | 28.65M |
| Other Non-Interest Income | 8.43B | 7.90B | 6.97B | 6.30B | 5.80B | 4.64B |
| Total Non-Interest Income | 9.14B | 8.39B | 7.60B | 6.87B | 5.91B | 4.93B |
| Revenues Before Loan Losses | 24.73B | 23.11B | 21.72B | 19.80B | 17.00B | 14.29B |
| Provision for Loan Losses | 2.46B | 2.41B | 3.52B | 3.62B | 1.81B | 1.21B |
| Revenue | 22.27B | 20.70B | 18.20B | 16.18B | 15.19B | 13.07B |
| Salaries and Employee Benefits | 5.31B | 5.29B | 4.57B | 4.18B | 3.82B | 3.59B |
| Occupancy Expenses | 893.14M | 893.14M | 713.47M | 659.01M | 636.49M | 683.25M |
| Selling, General & Administrative | 4.49B | 3.89B | 3.91B | 3.62B | 3.22B | 2.74B |
| Other Non-Interest Expense | 1.03B | 765.73M | 812.50M | 649.96M | 559.67M | 606.60M |
| Total Non-Interest Expense | 11.73B | 10.84B | 10.03B | 9.17B | 8.27B | 7.67B |
| EBT Excluding Unusual Items | 10.54B | 9.86B | 8.17B | 7.02B | 6.91B | 5.40B |
| Legal Settlements | -149.65M | -149.65M | -315.21M | -95.87M | -43.85M | -70.82M |
| Other Unusual Items | 235.49M | 235.49M | ||||
| Pretax Income | 10.63B | 9.95B | 7.82B | 6.85B | 6.87B | 5.33B |
| Income Tax Expense | 3.09B | 2.86B | 2.20B | 1.89B | 2.11B | 1.66B |
| Earnings From Continuing Operations | 7.54B | 7.08B | 5.62B | 4.96B | 4.76B | 3.67B |
| Minority Interest in Earnings | -168.29M | -157.28M | -122.00M | -94.34M | -112.29M | -87.25M |
| Net Income | 7.37B | 6.93B | 5.50B | 4.87B | 4.65B | 3.58B |
| Net Income to Common | 7.37B | 6.93B | 5.50B | 4.87B | 4.65B | 3.58B |
| Basic Shares Outstanding | 79.40M | 79.38M | 79.45M | 79.48M | 79.53M | 79.49M |
| Diluted Shares Outstanding | 79.55M | 79.53M | 79.62M | 79.66M | 79.70M | 79.68M |
| EPS (Basic) | 92.83 | 87.25 | 69.24 | 61.22 | 58.44 | 45.09 |
| EPS (Diluted) | 92.66 | 87.08 | 69.09 | 61.08 | 58.32 | 44.99 |
| Dividend Per Share | 50.00 | 50.00 | 39.90 | 35.00 | 25.00 | 15.00 |
| Effective Tax Rate | 29.05% | 28.80% | 28.13% | 27.57% | 30.72% | 31.15% |
Balance sheet
Fiscal year January - December; amounts in PEN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 20.26B | 22.59B | 20.07B | 6.85B | 7.67B | 39.32B |
| Investment Securities | 51.61B | 43.00B | 43.55B | 42.17B | 37.76B | 38.85B |
| Trading Asset Securities | 7.05B | 6.85B | 6.25B | 6.45B | 6.10B | 6.92B |
| Total Investments | 58.66B | 49.84B | 49.79B | 48.61B | 43.86B | 45.77B |
| Gross Loans | 158.02B | 148.63B | 144.32B | 143.48B | 147.19B | 147.60B |
| Allowance for Loan Losses | -7.58B | -7.67B | -7.99B | -8.28B | -7.87B | -8.48B |
| Net Loans | 150.44B | 140.96B | 136.32B | 135.21B | 139.32B | 139.12B |
| Property, Plant & Equipment | 2.60B | 2.67B | 1.84B | 1.86B | 1.82B | 1.90B |
| Goodwill | 1.27B | 1.25B | 722.36M | 798.48M | 772.21M | 796.86M |
| Other Intangible Assets | 3.57B | 3.51B | 2.57B | 2.43B | 2.13B | 1.91B |
| Investments in Real Estate | 742.36M | 795.51M | 625.11M | 565.27M | 548.56M | |
| Accrued Interest Receivable | 2.21B | 1.36B | 1.41B | 1.49B | 1.44B | |
| Other Receivables | 6.91B | 7.16B | 3.21B | 2.10B | 1.65B | |
| Restricted Cash | 28.31B | 26.74B | 27.95B | 27.69B | 27.17B | 1.77B |
| Other Current Assets | 6.21B | 801.98M | 1.06B | 1.10B | 1.24B | 532.40M |
| Long-Term Deferred Tax Assets | 1.56B | 1.39B | 1.17B | 1.18B | 1.13B | 1.15B |
| Other Real Estate Owned & Foreclosed | 73.70M | 90.29M | 166.18M | 107.56M | 136.08M | |
| Other Long-Term Assets | 7.23B | 8.00B | 7.55B | 5.56B | 11.18B | |
| Total Assets | 282.83B | 267.36B | 256.09B | 238.84B | 235.41B | 243.44B |
| Accounts Payable | 11.59B | 2.68B | 2.37B | 2.37B | 2.06B | |
| Accrued Expenses | 382.63M | 1.75B | 1.34B | 1.08B | 930.62M | |
| Interest Bearing Deposits | 116.38B | 117.18B | 113.40B | 104.04B | 102.61B | 97.75B |
| Non-Interest Bearing Deposits | 64.85B | 52.22B | 47.16B | 42.23B | 43.35B | 51.85B |
| Total Deposits | 181.24B | 169.40B | 160.56B | 146.28B | 145.96B | 149.60B |
| Short-Term Borrowings | 1.32B | 1.05B | 819.47M | 892.00M | 1.35B | |
| Current Portion of Long-Term Debt | 9.72B | 5.88B | 10.89B | 10.86B | 6.78B | |
| Current Portion of Leases | 590.57M | 348.34M | 158.18M | 153.81M | 173.96M | |
| Current Income Taxes Payable | 557.19M | 723.43M | 786.66M | 727.05M | 1.06B | |
| Accrued Interest Payable | 882.22M | 1.00B | 1.28B | 1.43B | 1.06B | |
| Other Current Liabilities | 4.97B | 1.65B | 981.40M | 1.38B | 1.05B | 870.31M |
| Long-Term Debt | 16.15B | 27.07B | 26.20B | 26.18B | 32.13B | 47.05B |
| Long-Term Leases | 263.92M | 246.63M | 358.77M | 404.12M | 655.29M | |
| Long-Term Unearned Revenue | 15.00B | |||||
| Long-Term Deferred Tax Liabilities | 379.84M | 376.94M | 59.02M | 107.52M | 75.00M | 74.17M |
| Other Long-Term Liabilities | 1.25B | 16.09B | 15.43B | 13.92B | 12.78B | 18.37B |
| Total Liabilities | 244.03B | 228.27B | 221.11B | 205.73B | 205.82B | 216.61B |
| Common Stock | 1.32B | 1.32B | 1.32B | 1.32B | 1.32B | 1.32B |
| Additional Paid-In Capital | 86.15M | 148.73M | 176.31M | 228.24M | 231.56M | 228.85M |
| Retained Earnings | 36.62B | 6.92B | 5.64B | 4.57B | 4.28B | 3.18B |
| Treasury Stock | -209.11M | -209.84M | -208.88M | -208.03M | -207.52M | -207.53M |
| Comprehensive Income & Other | 301.38M | 30.19B | 27.42B | 26.55B | 23.38B | 21.77B |
| Total Common Equity | 38.12B | 38.37B | 34.35B | 32.46B | 29.00B | 26.29B |
| Minority Interest | 679.93M | 729.16M | 630.78M | 647.06M | 591.57M | 540.67M |
| Shareholders' Equity | 38.80B | 39.10B | 34.98B | 33.11B | 29.60B | 26.83B |
| Total Liabilities & Equity | 282.83B | 267.36B | 256.09B | 238.84B | 235.41B | 243.44B |
| Total Debt | 27.78B | 34.60B | 38.31B | 38.45B | 40.84B | 47.71B |
| Net Cash (Debt) | 11.22B | -3.77B | -11.32B | -24.43B | -26.62B | -1.47B |
| Net Cash Per Share | 141.10 | -47.37 | -142.21 | -306.69 | -334.00 | -18.44 |
| Filing Date Shares Outstanding | 79.42M | 79.37M | 79.44M | 79.50M | 79.53M | 79.53M |
| Total Common Shares Outstanding | 79.42M | 79.37M | 79.44M | 79.50M | 79.53M | 79.53M |
| Book Value Per Share | 480.01 | 483.41 | 432.38 | 408.32 | 364.67 | 330.58 |
| Tangible Book Value | 33.28B | 33.60B | 31.06B | 29.23B | 26.10B | 23.58B |
| Tangible Book Value Per Share | 419.04 | 423.38 | 390.97 | 367.75 | 328.22 | 296.51 |
Cash flow statement
Fiscal year January - December; amounts in PEN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 7.37B | 6.93B | 5.50B | 4.87B | 4.65B | 3.58B |
| Depreciation & Amortization | 96.69M | 316.22M | 722.57M | 667.12M | 643.60M | 690.56M |
| Other Amortization | 865.40M | 585.73M | ||||
| Gain (Loss) on Sale of Assets | -58.15M | -67.78M | -95.21M | 213.00K | -26.33M | -26.77M |
| Gain (Loss) on Sale of Investments | -921.55M | -688.09M | -518.49M | -478.81M | -89.37M | -320.08M |
| Total Asset Writedown | 27.35M | 71.96M | ||||
| Provision for Credit Losses | 2.96B | 2.87B | 3.94B | 3.96B | 2.16B | 1.56B |
| Change in Trading Asset Securities | 1.38B | 1.26B | -2.14B | -5.62B | 1.11B | 8.25B |
| Change in Income Taxes | -1.58B | -1.58B | ||||
| Change in Other Net Operating Assets | -18.51B | -16.08B | -5.24B | 271.57M | -8.85B | -12.83B |
| Other Operating Activities | -3.42B | -2.34B | -1.04B | -1.93B | -783.39M | 501.99M |
| Operating Cash Flow | -13.96B | -8.64B | 1.24B | 1.81B | -1.11B | 1.49B |
| Capital Expenditures | -238.09M | -284.71M | -310.14M | -322.37M | -192.70M | -107.79M |
| Sale of Property, Plant and Equipment | 163.25M | 160.26M | 98.22M | 53.15M | 5.37M | 11.46M |
| Cash Acquisitions | -727.18M | -727.18M | -5.56M | |||
| Investment in Securities | 1.57B | 424.75M | 1.56B | -113.81M | -116.48M | -3.09B |
| Purchase / Sale of Intangibles | -983.97M | -983.97M | -801.29M | -828.80M | -703.67M | -532.24M |
| Investing Cash Flow | -635.21M | -1.59B | 527.56M | -1.26B | -1.09B | -3.73B |
| Long-Term Debt Issued | 1.79B | 2.28B | 62.04M | 183.16M | ||
| Long-Term Debt Repaid | -152.90M | -152.69M | -157.39M | -251.23M | -155.14M | |
| Lease Payments | -152.90M | -152.90M | -152.69M | -157.39M | -156.53M | -155.14M |
| Net Debt Issued (Repaid) | -3.93B | 1.64B | 2.13B | -95.34M | -251.23M | 28.02M |
| Issuance of Common Stock | 9.95M | 3.75M | ||||
| Repurchase of Common Stock | -130.54M | -119.25M | -110.89M | -85.58M | -83.61M | -58.91M |
| Common Dividends Paid | -3.98B | -3.18B | -3.66B | -1.99B | -1.20B | -398.81M |
| Net Increase (Decrease) in Deposit Accounts | 17.25B | 17.25B | 13.29B | 2.27B | -46.20M | 2.49B |
| Other Financing Activities | 13.42B | -175.95M | -166.39M | -89.40M | -79.51M | -39.35M |
| Financing Cash Flow | 22.63B | 15.41B | 11.48B | 7.17M | -1.65B | 2.02B |
| Foreign Exchange Rate Adjustments | -942.86M | -3.77B | 410.26M | -760.65M | -1.33B | 2.78B |
| Net Cash Flow | 7.08B | 1.40B | 13.65B | -200.35M | -5.17B | 2.56B |
| Free Cash Flow | -14.20B | -8.93B | 925.50M | 1.49B | -1.30B | 1.38B |
| Free Cash Flow Margin | -63.78% | -43.12% | 5.08% | 9.18% | -8.55% | 10.55% |
| Free Cash Flow Per Share | -178.53 | -112.24 | 11.62 | 18.65 | -16.29 | 17.31 |
| Free Cash Flow After Leases | -14.36B | -9.08B | 772.81M | 1.33B | -1.45B | 1.22B |
| Cash Interest Paid | 5.20B | 5.20B | 5.88B | 5.11B | 2.87B | 2.23B |
| Cash Income Tax Paid | 4.04B | 2.66B | 1.70B | 2.14B | 1.11B | 1.13B |
Ratios
Fiscal year January - December; amounts in PEN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 28.09B | 22.78B | 14.56B | 11.92B | 10.79B | 9.71B |
| Last Close Price | 348.96 | 273.72 | 165.52 | 126.00 | 108.35 | 94.55 |
| PE Ratio | 13.03 | 11.06 | 9.98 | 9.10 | 8.84 | 10.81 |
| PS Ratio | 4.25 | 3.70 | 3.02 | 2.74 | 2.71 | 2.96 |
| PB Ratio | 2.48 | 1.96 | 1.57 | 1.34 | 1.39 | 1.44 |
| P/FCF Ratio | 59.34 | 29.80 | 28.09 | |||
| P/OCF Ratio | 44.45 | 24.49 | 26.05 | |||
| Debt / Equity Ratio | 0.72 | 0.89 | 1.09 | 1.16 | 1.38 | 1.78 |
| Debt / FCF Ratio | 41.39 | 25.88 | 34.58 | |||
| Net Debt / Equity Ratio | -0.29 | 0.10 | 0.32 | 0.74 | 0.90 | 0.06 |
| Net Debt / FCF Ratio | 0.79 | -0.42 | 12.23 | 16.44 | -20.51 | 1.06 |
| Return on Equity (ROE) | 20.41% | 19.12% | 16.52% | 15.82% | 16.87% | 14.05% |
| Return on Assets (ROA) | 2.83% | 2.71% | 2.27% | 2.09% | 1.99% | 1.53% |
| Earnings Yield | 7.67% | 9.04% | 10.02% | 10.99% | 11.31% | 9.25% |
| FCF Yield | -14.78% | -11.65% | 1.69% | 3.36% | -3.16% | 3.56% |
| Dividend Yield | 4.22% | 5.18% | 5.77% | 6.28% | 4.84% | 3.08% |
| Payout Ratio | 53.95% | 45.94% | 66.62% | 40.98% | 25.74% | 11.13% |
| Buyback Yield / Dilution | -0.01% | 0.11% | 0.05% | 0.05% | -0.03% | -0.07% |
| Total Shareholder Return | 4.25% | 5.29% | 5.82% | 6.33% | 4.81% | 3.01% |