Revenues right in line with expectations at 11.51% billion, but earnings a big miss. The company reporting five $587 in in earnings in EPS. The estimate was for $6.97%.The company explaining this saying that our operating margin of 28.2% 2% was versus the 31.7% uh street account estimate saying that was below the guidance of 31 a.5% due to an expense related to an ongoing dispute with Brazilian tax authorities that was not in our forecast. So explaining that lower than anticipated operating margin as a resu ...

Core Viewpoint - The Peruvian Tax Authority (SUNAT) has cancelled a tax assessment and fine totaling approximately S/ 1.6 billion soles against Credicorp, allowing the company to challenge the resolutions through legal channels while maintaining its commitment to regulatory compliance [2][3]. Group 1: Tax Dispute Update - The total amount of the Tax Assessment Resolutions and Fine Resolutions issued by SUNAT on June 27, 2025, has been cancelled, resolving any potential misperception of outstanding obligations to the Peruvian State [2]. - Credicorp is exercising all legal rights available to challenge the Resolutions and remains confident in a favorable outcome, assessing the contingency as remote [3]. Group 2: Company Overview - Credicorp is the leading financial services holding company in Peru, with operations in Chile, Colombia, Bolivia, and Panama, and has a diversified business portfolio organized into four lines: Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Management & Advisory [4].