Philippine National Bank (PSE:PNB)

Philippine National Bank Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	49,935	48,448	44,126	35,379	34,558	37,889
Interest Income on Investments	19,763	19,011	15,468	9,865	7,844	9,062
Total Interest Income	69,698	67,459	59,595	45,244	42,402	46,950
Interest Paid on Deposits	16,148	16,430	13,006	5,372	4,814	7,379
Interest Paid on Borrowings	1,391	1,689	1,996	2,545	2,744	3,751
Total Interest Expense	17,538	18,118	15,002	7,917	7,558	11,130
Net Interest Income	52,160	49,340	44,593	37,328	34,845	35,820
Net Interest Income Growth (YoY)	8.60%	10.65%	19.46%	7.12%	-2.72%	10.70%
Income From Trading Activities	477.52	647.58	394.1	-1,281	731.57	3,338
Gain (Loss) on Sale of Assets	2,725	1,995	4,542	7,775	34,267	195.84
Gain (Loss) on Sale of Equity Investments	419.52	419.51	268.09	-56.06	50.79	88.48
Other Non-Interest Income	7,612	7,373	7,563	8,313	7,103	5,866
Total Non-Interest Income	11,234	10,435	12,767	14,752	42,152	9,488
Non-Interest Income Growth (YoY)	10.21%	-18.27%	-13.45%	-65.00%	344.28%	12.70%
Revenues Before Loan Losses	63,394	59,775	57,360	52,079	76,996	45,308
Provision for Loan Losses	422.96	3,669	5,757	7,198	10,725	16,883
Revenue	62,971	56,107	51,603	44,881	66,271	28,425
Revenue Growth (YoY)	16.83%	8.73%	14.98%	-32.28%	133.14%	-25.77%
Salaries and Employee Benefits	11,619	10,669	10,464	9,763	9,986	10,167
Occupancy Expenses	4,529	4,375	4,623	5,055	3,718	3,565
Selling, General & Administrative	1,700	1,935	1,114	1,420	1,041	1,380
Other Non-Interest Expense	13,123	12,159	11,564	11,754	11,006	10,929
Total Non-Interest Expense	30,970	29,137	27,765	27,992	25,751	26,041
EBT Excluding Unusual Items	32,000	26,969	23,838	16,889	40,520	2,384
Asset Writedown	-199.45	-199.45	-166.1	-	-	-
Legal Settlements	-626.92	-492.33	-662.61	-373.74	-395.39	-248.3
Other Unusual Items	-	-	-	-	-	-1,588
Pretax Income	31,174	26,278	21,973	16,515	37,971	548.42
Income Tax Expense	6,547	5,100	4,007	4,931	5,545	-1,866
Earnings From Continuing Operations	24,627	21,178	17,966	11,584	32,425	2,415
Earnings From Discontinued Operations	-	-	-	-	-735.37	210.67
Minority Interest in Earnings	-108.17	-125.07	13.44	-51.67	-59.41	-10.84
Net Income	24,519	21,053	17,979	11,532	31,631	2,615
Net Income to Common	24,519	21,053	17,979	11,532	31,631	2,615
Net Income Growth	26.32%	17.09%	55.90%	-63.54%	1109.75%	-72.99%
Basic Shares Outstanding	1,526	1,526	1,526	1,526	1,526	1,526
Diluted Shares Outstanding	1,526	1,526	1,526	1,526	1,526	1,526
Shares Change (YoY)	-	-	-	-	-	11.15%
EPS (Basic)	16.07	13.80	11.78	7.56	20.73	1.71
EPS (Diluted)	16.07	13.80	11.78	7.56	20.73	1.71
EPS Growth	26.31%	17.09%	55.90%	-63.54%	1109.75%	-75.70%
Effective Tax Rate	21.00%	19.41%	18.24%	29.86%	14.60%	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.