Bank of the Philippine Islands reports ₱48.9 billion net income for 9M 2026

Bank of the Philippine Islands (BPI) reported a net income of ₱48.9 billion ($766.6 million) for the first nine months of 2026. Total revenues increased 9.8% year-on-year to ₱156.3 billion, driven by an 11% rise in net interest income to ₱121.1 billion.

Non-interest income grew 5.8% to ₱35.2 billion, supported by a 15.5% increase in fee income from wealth management, insurance, and credit cards. However, operating expenses rose 12.5% to ₱73.7 billion due to investments in technology, manpower, and business expansion.

The bank's provisions for credit losses rose 69.2% year-on-year to ₱19.9 billion, though third-quarter provisioning saw a 16.5% decrease from the previous quarter. The non-performing loan (NPL) ratio reached 2.5%, with an NPL coverage ratio of 89.6%.

BPI's total assets grew 10.8% to ₱3.9 trillion, while total loans expanded 13.6% to ₱2.7 trillion. Notable growth was seen in small and medium enterprise (SME) loans, which surged 46.7%, alongside increases in credit card and personal loans. Total deposits rose 11% to ₱3 trillion.