BAP Earnings Prediction
The chart below shows how BAP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BAP sees a -2.57% change in stock price 10 days leading up to the earnings, and a -2.70% change 10 days following the report. On the earnings day itself, the stock moves by +0.45%. This data can give you a slight idea of what to expect for the next quarter's release.
BAP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
5.37B
10.38%
1.79%
Gross Margin
--
--
--
Operating Margin
39.20%
12.06%
10.80%
Net Margin
28.98%
11.59%
11.85%
EPS
19.16
23.14%
13.78%
No Data Available
BAP Earnings Analysis
Credicorp LTD Corporation (BAP.N) Earnings Conference Call
Positive
Record High Bottom Line: We delivered a record high bottom line of PEN 1,523 million this quarter.
Special Dividend Distribution: We distributed a special dividend, achieving a total dividend payout of 75.3% to date.
Strong ROE Performance: We delivered a strong ROE of 18.5%, primarily driven by universal banking and insurance.
Strong Net Interest Margin: We achieved a robust NIM of around 6.4%, supported by a favorable funding mix and improved asset quality.
Disruptive Initiatives Revenue Goal: We are on track to achieve our ambitious goal of having disruptive initiatives contribute 10% of Credicorp's revenues by 2026.
Negative
Net Income Decline: Net income dropped 2% quarter-over-quarter due to a deterioration in insurance underwriting results driven by higher claims, particularly in credit lines.
Operating Expenses Increase: Operating expenses rose 10.4%, primarily driven by disruption, personnel expenses, and increased spending on licenses, system infrastructure usage, and cloud capacity.
Loan Balance Decrease: Loan balances decreased at BCP, mainly due to corporate and individual clients, and at Mibanco, as previously explained.
NPL Reduction Quarter-over-Quarter: NPLs fell 4.8% quarter-over-quarter, driven by both BCP and Mibanco via the dynamics mentioned earlier.
Cost of Risk Decline: The cost of risk fell 51 basis points to stand at 2.1%, but the overall loan growth outlook remains weak.
BAP FAQs
How does BAP typically perform around its earnings report dates?
Is Credicorp Ltd. (BAP) Q3 2024 Earnings Call Summary positive or negative?
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BAP Earning Call Sentiment
Credicorp Ltd. (BAP) Q3 2024 Earnings Call Transcript
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BAP.N
-3.21%Positive
The financial performance is strong with increased net income and ROE, and a special dividend indicates shareholder value return. The breakeven of Yape and improved loan portfolio quality are positive. However, operational expenses and market competition pose challenges. The Q&A suggests confidence in risk management and ROE targets, though some guidance was unclear. Overall, the positive financial metrics and strategic initiatives outweigh the negatives, leading to a positive sentiment.
