Bank of the Philippine Islands (BPHLY) on Monday reported a rise in its net profit and revenue for the first quarter of 2026.
For the first quarter, the lender posted a net profit of P16.9 billion, higher than the P16.6 billion in the same period last year. This rise in net profit reflects a sustained loan portfolio expansion, wider net interest margins, and stronger fee-based income, leading to a return on equity of 14.3% and a return on assets of 1.9%.
Total assets stood at P3.7 trillion, up 13% from the previous year. Total loans moved up by 13.5% to P2.6 trillion from the prior year. Total deposits were P2.8 trillion, up 10.4% from last year.
Revenue was P50.9 billion, up 13.9% from last year, helped by a net interest income growth of 13.7%. This was supported by an 11.9% increase in the average earning asset base and a 7-basis point expansion in net interest margins to 4.57%.
Non-interest income was P11.8 billion, up 14.5% from last year, supported by higher credit card fees, foreign exchange, and trading income gains, as well as stronger deal activity.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.