Philippines · Delayed Price · Currency is PHP Bank of the Philippine Islands Earnings Call Transcripts
Fiscal Year 2026
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Net income grew 1.7% year-on-year in Q1 2026, driven by strong revenue and loan growth, but offset by higher operating expenses and provisions amid macroeconomic headwinds. Asset quality saw pressure from select institutional accounts, but coverage remains robust.
Fiscal Year 2025
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Record net income and robust loan growth were achieved in 2025, led by non-institutional segments and digital initiatives. Asset quality remained healthy despite higher NPLs in riskier segments, and capital buffers stayed strong. Loan growth is expected to moderate to low teens in 2026.
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Net income for the first nine months rose 5.2% year-on-year to PHP 50.5 billion, driven by strong loan and revenue growth, with non-institutional loans now 30.8% of the portfolio. Asset quality remains stable, digitalization advanced, and capital ratios are robust.
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Q1 2025 net income rose 9% year-on-year to PHP 16.64B, driven by strong loan and revenue growth, with ROE at 15.35% and NIM at 4.49%. Asset quality remains solid despite a higher NPL ratio, and management expects continued growth in both corporate and consumer lending.
Fiscal Year 2024
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Net income rose 24.3% year-on-year to PHP 48B, with strong loan and deposit growth outpacing the market. Asset quality remains solid despite a slight NPL uptick, and digital expansion continues. Higher dividends are expected next year as profitability and capital remain robust.
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Net income for H1 2024 rose 22% year-over-year to PHP 30.6 billion, driven by strong loan growth, higher NIMs, and robust fee income, despite a slight uptick in NPLs from credit experiments. Outlook remains positive with stable NIMs and continued digital and sustainability initiatives.