BPI Caps 2025 With ₱66.62 Billion Net Income, Up 7.4%

Bank of the Philippine Islands (BPI) delivered a solid full-year performance in 2025, posting a net income of ₱66.62 billion, up 7.4% from the previous year.

BPI's total revenues rose 14.8% year on year to ₱195.3 billion, supported by a 16.0% increase in net interest income to ₱148.0 billion. (Photo: BPI Facebook)

Revenue growth remained strong, although income growth was partly tempered by higher provisions and operating expenses. Still, the bank sustained a positive jaw. Return on equity stood at 14.5%, while return on assets reached 2.0%.

Total revenues rose 14.8% year on year to ₱195.3 billion, supported by a 16.0% increase in net interest income to ₱148.0 billion as the average asset base expanded 8.5% and net interest margin widened by 28 basis points to 4.6%.

Non-interest income grew 11.0% to ₱47.2 billion, driven by higher fee income from cards, insurance, and wealth management, as well as strong trading gains.

Operating expenses reached ₱92.1 billion, up 9.9% year on year, reflecting higher business volume-related costs, manpower expenses, and technology investments. Despite this, the cost-to-income ratio improved to 47.2%, down 209 basis points, supported by strong revenue growth.

The bank booked ₱17.8 billion in provisions, up 168.9% year on year. Asset quality remained healthy, with a nonperforming loan (NPL) ratio of 2.18% and an NPL coverage ratio of 94.9%.

Coverage under BSP Circular 941 was higher at 122.9%.

Total loans expanded 14.7% to ₱2.6 trillion, with growth across all portfolios.

Institutional loans grew 10.4%, while non-institutional loans rose 25.8%, led by business banking, up 79.7%; credit cards, up 31.9%; and personal loans, up 28.3%.

Total assets stood at ₱3.7 trillion, up 10.0% year on year. Total deposits increased 8.6% to ₱2.8 trillion, with CASA balances rising to ₱1.7 trillion for a CASA ratio of 60.7%. The loan-to-deposit ratio rose to 92.4%.

Total equity ended at ₱476.6 billion, up 10.7% year on year.

The bank reported an indicative common equity Tier 1 ratio of 13.9% and a capital adequacy ratio of 14.7%, both well above regulatory requirements.

BPI also announced the public offering of its two-year, ₱5 billion peso-denominated fixed-rate BPI Supporting Individuals Grow, Lead, and Achieve Bonds (BPI SIGLA Bonds), with an option to upsize.

The offer runs from Jan. 26 to Feb. 4, 2025. The bonds will carry an interest rate of 5.405% per annum and are expected to be issued and listed on the Philippine Dealing & Exchange Corp. on Feb. 13, 2026.