Highlights:
— Results demonstrate the sustained strength of BDO’s core businesses.
— Loan portfolio grew 16%, driven by double-digit growth across all segments; and ahead of industry’s 11% growth.
— Pre-provision operating profit increased 10%, supported by strong loan growth and disciplined cost management.
— Asset quality continued to improve, with NPL ratio down to 1.60% while NPL cover maintained at 132%.
— Capital remained sound, with CET1 ratio at 12.6% and book value per share up 6% to P123.6.
BDO Unibank, Inc. (BDO) posted a net income of P63.6 billion in the first nine months of 2026, up from P63.1 billion in the same period last year, underscoring the sustained strength of its core business segments despite the challenging economic environment. Return on equity stood at 13.1%.
The Bank continued its strong operational performance, supported by robust loan growth, double-digit pre-provision operating profit growth and further improvement in asset quality.
Net interest income increased 11% year-on-year as gross customer loans grew 16% to P4.1 trillion, driven by broad-based loan portfolio growth across all segments. Total deposits advanced 11%, with current and savings account (CASA) increasing 5%. Non-interest income rose 3%. Operating expense growth remained well managed and within single-digit levels.
Asset quality improved further during the period despite strong lending momentum, with the non-performing loan (NPL) ratio declining to 1.60% from 1.77% a year earlier. NPL coverage ratio remained stable at 132%.
Shareholders’ equity rose 6%, with book value per share increasing 6% to P123.6. The Bank’s common equity Tier 1 (CET1) ratio was at 12.6%.
BDO remains poised to capitalize on opportunities that support its long-term growth objectives amid changing market conditions and a dynamic operating environment, backed by its diversified business model, solid financial position, and market-leading franchise.
