BPI with net income of PHP 16.9 billion for 1Q 2026

Press Release

Apr 20, 2026

MAKATI CITY, Philippines — Bank of the Philippine Islands (“BPI” or the “Bank”) reported P16.9 billion in net income for the first quarter of 2026, 1.7% higher than the P16.6 billion earned from last year, and up by 4.9% on the sequential quarter. The earnings growth was driven by sustained loan portfolio expansion, wider net interest margins, and stronger fee-based income, leading to a return on equity (ROE) of 14.3% and return on assets (ROA) of 1.9%.

BPI executives (L-R): Maria Virginia “Gina” O. Eala, Chief Human Resources Officer; Maria Theresa “Tere” Marcial, President and CEO, BPI Wealth; Eric M. Luchangco, Chief Finance Officer and Chief Sustainability Officer; Jose Teodoro “TG” K. Limcaoco, President and CEO; Maria Cristina “Ginbee” L. Go, Head of Consumer Banking; Jenelyn “Jenny” Lacerna, Head of Mass Retail Products; and Luis “Louie” E. Cruz, Head of Institutional Banking.

Total revenues for the first quarter of the year reached P50.9 billion, up 13.9% year-on-year, strengthened by net interest income growth of 13.7%. This was driven 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 rose to P11.8 billion, up 14.5%, fueled by higher credit card fees, forex and trading income gains, as well as stronger deal activity.

BPI President and CEO TG Limcaoco addresses the press at the BPI Annual Stockholders’ Meeting Media Briefing held on April 20, 2026 at New World Makati Hotel.

Operating expenses ended at P23.5 billion, up 15.8% year-on-year, due to higher volume-related technology, and manpower costs. Cost-to-income ratio stood at 46.2%.

The Bank recorded provisions of P5.5 billion for the first quarter. NPL ratio stood at 2.42%, with the NPL coverage ratio at 87.15%.

Total assets stood at P3.7 trillion, up 13.0% year-on-year. Total loans increased by 13.5% year-on-year to P2.6 trillion, with broad-based portfolio growth. Institutional loans rose by 8.9%, while non-institutional loans rose at a faster rate of 24.9%, led by Business Banking, up 96.3%, Credit Cards, up 33.3%, and Personal Loans, up 26.9%. Total deposits also grew 10.4% year-on-year to P2.8 trillion, bringing the Loan-to-Deposit Ratio to 91.95%. Total equity stood at P479.5 billion, up 6.9% year-on-year, with an indicative Common Equity Tier1 Ratio of 13.94% and a Capital Adequacy Ratio of 14.8%, both well above regulatory requirements.

In March 2026, BPI led Philippine companies on TIME and Statista’s Asia-Pacific’s Best Companies of 2026 list, ranking 10th out of 500 companies. BPI also placed 7th and was the only bank included in the Top 20 companies recognized as a Great Place to Work® in the Philippines.