BDO Unibank, Inc. (PSE:BDO)

BDO Unibank Income Statement

Financials in millions PHP. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	272,039	231,704	161,820	144,879	157,031
Interest Paid on Deposits	85,443	59,317	22,861	13,533	23,331
Net Interest Income	186,596	172,387	138,959	131,346	133,700
Net Interest Income Growth (YoY)	8.24%	24.06%	5.80%	-1.76%	11.52%
Trust Income	5,113	4,698	4,555	4,364	3,811
Income From Trading Activities	-127	1,455	-322	220	5,563
Gain (Loss) on Sale of Assets	-	-	-	1,275	1,169
Gain (Loss) on Sale of Investments	-	6,107	-	-	-
Gain (Loss) on Sale of Equity Investments	1,397	1,273	849	814	-
Other Non-Interest Income	71,355	57,985	52,118	54,681	44,667
Total Non-Interest Income	77,738	71,518	57,200	61,354	55,210
Non-Interest Income Growth (YoY)	8.70%	25.03%	-6.77%	11.13%	-8.15%
Revenues Before Loan Losses	264,334	243,905	196,159	192,700	188,910
Provision for Loan Losses	14,262	16,406	16,565	16,942	29,661
Revenue	250,072	227,499	179,594	175,758	159,249
Revenue Growth (YoY)	9.92%	26.67%	2.18%	10.37%	-8.47%
Salaries and Employee Benefits	53,090	46,687	43,060	41,471	37,038
Occupancy Expenses	15,072	14,472	12,677	11,204	11,172
Amortization of Goodwill & Intangibles	2,141	2,917	1,343	1,342	734
Selling, General & Administrative	19,548	17,230	12,490	13,061	12,776
Other Non-Interest Expense	55,779	48,495	36,207	51,779	50,033
Total Non-Interest Expense	145,630	129,801	105,777	119,130	112,107
EBT Excluding Unusual Items	104,442	97,698	73,817	56,628	47,142
Asset Writedown	222	3	230	-57	-493
Legal Settlements	-973	-689	-854	-773	-601
Other Unusual Items	-	169	-	-	-
Pretax Income	103,691	97,181	73,193	55,762	46,030
Income Tax Expense	21,471	23,621	15,959	12,907	17,776
Earnings From Continuing Operations	82,220	73,560	57,234	42,855	28,254
Minority Interest in Earnings	-201	-149	-180	-64	-8
Net Income	82,019	73,411	57,054	42,791	28,246
Preferred Dividends & Other Adjustments	407	407	339	340	339
Net Income to Common	81,612	73,004	56,715	42,451	27,907
Net Income Growth	11.73%	28.67%	33.33%	51.49%	-36.09%
Basic Shares Outstanding	5,271	5,266	5,264	5,262	5,261
Diluted Shares Outstanding	5,314	5,313	5,322	5,313	5,261
Shares Change (YoY)	0.02%	-0.17%	0.17%	0.99%	0.14%
EPS (Basic)	15.48	13.86	10.77	8.07	5.30
EPS (Diluted)	15.43	13.82	10.72	8.05	5.30
EPS Growth	11.70%	28.89%	33.11%	51.96%	-36.51%
Dividend Per Share	3.750	3.000	1.000	1.000	1.000
Dividend Growth	25.00%	200.00%	0%	0%	0%
Effective Tax Rate	20.71%	24.31%	21.80%	23.15%	38.62%

Source: S&P Capital IQ. Banks template. Financial Sources.