Bank of the Philippine Islands (PSE: BPI)

PSE: BPI Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	150,385	120,900	84,909	72,225	82,312	86,056
Interest Income on Investments	29,158	24,672	18,359	12,392	13,996	14,431
Total Interest Income	179,543	145,572	103,268	84,617	96,308	100,487
Interest Paid on Deposits	49,838	36,027	14,821	10,168	18,986	28,874
Interest Paid on Borrowings	8,286	5,195	3,381	4,866	5,058	6,038
Total Interest Expense	58,124	41,222	18,202	15,034	24,044	34,912
Net Interest Income	121,419	104,350	85,066	69,583	72,264	65,575
Net Interest Income Growth (YoY)	21.18%	22.67%	22.25%	-3.71%	10.20%	17.90%
Income From Trading Activities	3,815	1,919	857	97	3,310	3,882
Gain (Loss) on Sale of Assets	407	407	5,303	477	372	1,284
Gain (Loss) on Sale of Investments	2	2	214	1,513	4,647	128
Gain (Loss) on Sale of Equity Investments	1,372	1,372	1,055	1,086	487	372
Other Non-Interest Income	36,366	30,449	26,029	24,649	20,843	21,021
Total Non-Interest Income	41,963	34,149	33,458	27,822	29,659	26,687
Non-Interest Income Growth (YoY)	32.19%	2.07%	20.26%	-6.19%	11.14%	27.06%
Revenues Before Loan Losses	163,381	138,499	118,524	97,405	101,923	92,262
Provision for Loan Losses	5,800	4,000	9,167	13,135	28,000	5,562
Revenue	157,581	134,499	109,357	84,270	73,923	86,700
Revenue Growth (YoY)	23.81%	22.99%	29.77%	14.00%	-14.74%	20.58%
Salaries and Employee Benefits	27,879	23,305	19,536	18,569	17,958	17,339
Occupancy Expenses	23,986	21,514	18,402	16,010	14,606	14,736
Selling, General & Administrative	4,591	4,538	2,744	929	851	1,522
Other Non-Interest Expense	22,910	19,276	16,959	14,852	14,309	14,198
Total Non-Interest Expense	79,366	68,633	57,641	50,360	47,724	47,795
EBT Excluding Unusual Items	78,215	65,866	51,716	33,910	26,199	38,905
Legal Settlements	-477	-477	-349	-373	-430	-549
Other Unusual Items	1	1	1	-	-	-
Pretax Income	77,560	65,211	51,368	33,537	25,769	38,356
Income Tax Expense	16,207	13,299	11,532	9,427	3,906	9,355
Earnings From Continuing Operations	61,353	51,912	39,836	24,110	21,863	29,001
Earnings From Discontinued Operations	-	-	-	-	-211	42
Minority Interest in Earnings	-301.01	-225	-231	-230	-243	-240
Net Income	61,052	51,687	39,605	23,880	21,409	28,803
Net Income to Common	61,052	51,687	39,605	23,880	21,409	28,803
Net Income Growth	28.05%	30.51%	65.85%	11.54%	-25.67%	24.81%
Basic Shares Outstanding	4,986	4,741	4,918	4,918	4,918	4,911
Diluted Shares Outstanding	4,986	4,741	4,918	4,918	4,918	4,911
Shares Change (YoY)	0.97%	-3.59%	-	-	0.13%	4.43%
EPS (Basic)	12.24	10.90	8.05	4.86	4.35	5.86
EPS (Diluted)	12.24	10.90	8.05	4.86	4.35	5.86
EPS Growth	26.82%	35.37%	65.85%	11.54%	-25.77%	19.52%
Dividend Per Share	3.660	3.360	1.946	1.652	1.652	1.652
Dividend Growth	37.97%	72.70%	17.78%	0%	0%	0%
Effective Tax Rate	20.90%	20.39%	22.45%	28.11%	15.16%	24.39%

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