Philippines · Delayed Price · Currency is PHP Bank of the Philippine Islands Earnings Call Transcripts
Fiscal Year 2026
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9M net income fell 3.1% to PHP 48.9B as higher provisions offset 9.8% revenue growth. Loans grew 13.6%, while Q3 credit costs eased and management guided to ~10% loan growth and ~100 bps credit costs.
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First half 2026 saw record pre-provision profits and strong revenue growth, but net income was flat year-on-year due to higher provisions from conservative macroeconomic assumptions. Loan growth reached 12.4% and digital initiatives accelerated, while asset quality remained stable and capital ratios robust.
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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, especially in non-institutional segments. Asset quality and capital ratios remain robust, while digital and agency banking initiatives continue to expand reach and efficiency.
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Net income for the first half of 2025 rose 7–8% year-on-year to PHP 32.96 billion, driven by strong loan growth, improved NIM, and positive operating leverage. Asset quality remained stable despite higher provisioning, while non-institutional and consumer lending segments showed robust expansion.
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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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Record net income rose 20% to PHP 62.05B in 2024, driven by strong revenue and loan growth, especially in non-institutional segments. Guidance for 2025 includes 12% loan growth, stable NIM at 4.3%+, and continued improvement in CIR and ROE.
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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.