Bank of the Philippine Islands (BPI) on Thursday reported a net income of P50.5 billion in the first nine months of 2025, a 5.2-percent increase from P48 billion it booked in the same period last year, supported by strong revenue growth.
BPI said in a disclosure to the stock exchange the growth in earnings offset higher expenses and provisions.
Total revenues in nine months reached P142.3 billion, up 13.2 percent year-on-year. Net interest income grew 16.2 percent to P109.1 billion, led by an 8.7-percent increase in the average earning asset base and a 30-basis point expansion in net interest margin to 4.60 percent.
Non-interest income went up 4.2 percent to P33.3 billion, on the back of higher income from credit cards, wealth management and trading.
Operating expenses climbed 10.3 percent to P65.5 billion on increased costs related to business growth, manpower and technology investments. Despite the higher operating expenses, the bank’s cost-to-income ratio improved by 118 basis points to 46 percent, reflecting strong revenue performance.
BPI ended the third quarter with a non-performing loan (NPL) ratio of 2.3 percent after setting aside P11.8 billion in provisions year-to-date. The NPL coverage ratio stood at 96.5 percent.
Total assets reached P3.5 trillion, up 9.3 percent from a year ago. Gross loans expanded 13.3 percent to P2.4 trillion, led by growth in non-institutional lending.
Total deposits increased 7.7 percent to P2.7 trillion, with current and savings accounts (CASA) at P1.6 trillion and a CASA ratio of 61 percent. The loan-to-deposit ratio stood at 90.3 percent.
Total equity rose to P474.8 billion, up 9.6 percent year-on-year. The bank’s Common Equity Tier 1 Ratio was at 14.9 percent and capital adequacy ratio at 15.8 percent.
BPI marked a new milestone with the launch of BPI Wealth Singapore, a wholly owned subsidiary, early this month, reflecting its continued growth in Asia and commitment to serving Filipino and regional clients.
S&P Global Ratings reaffirmed BPI’s investment-grade credit rating of BBB+ with a stable outlook in September 2025, in line with the Philippine sovereign rating.
