Credicorp Ltd

Credicorp Ltd. reported second-quarter 2026 net income of PEN 1,981.92 million and first-half net income of PEN 4,045.11 million, both higher than a year earlier, and lifted its medium-term return on equity expectation to about 22%. Management highlighted growing contributions from digital platforms like Yape, underscoring the importance of its ongoing ecosystem transformation. The company's narrative projects PEN 33.0 billion revenue and PEN 10.7 billion earnings by 2029, requiring 14.7% yearly revenue growth and a PEN 3.5 billion earnings increase from PEN 7.2 billion today. Analysts note that El Niño related provisions and Peru's political and regulatory backdrop, including the unresolved SUNAT tax dispute, remain key near-term swing factors.

Credicorp, the Peruvian finance company, is highlighted as an attractive dividend stock with a current annualized dividend of $14.48 per share and a yield of 3.97%, exceeding the Banks - Foreign industry average of 2.75% and the S&P 500's 1.4%. The dividend has grown 31.5% from last year, and over the past five years the company has increased its dividend four times for an average annual increase of 24.68%. Credicorp's payout ratio stands at 42% of trailing 12-month earnings per share, and the Zacks Consensus Estimate for fiscal year 2026 earnings is $29.62 per share, representing year-over-year growth of 21.64%. The stock carries a Zacks Rank of 2, or Buy.