PNB 9-Month Income Grows 23%

Philippine National Bank (PSE: PNB) reported a consolidated net income of ₱18.5 billion for the first nine months of 2025, higher by 23% compared with the same period last year.

PNB’s digitalization strategy will further open opportunities across all areas of the business. (Photo: PNB)

Total revenues rose 8%, supported by growth in the bank’s loans and investment securities, which increased by 9% and 13%, respectively.

Fee-based income also contributed an additional 18%, while other income grew 4% year on year, driven by the bank’s continued efforts to dispose of acquired assets and by foreign exchange gains.

Operating expenses increased 9% compared with a year ago, in direct proportion to business volume and in line with overall growth.

Meanwhile, provisions for impairment and credit losses dropped significantly — down 87% from last year — due to a reduction in non-performing loans and improved credit quality across the portfolio.

According to Chief Financial Officer Francis Albalate, “The bank is now reaping the benefits of focusing on improving the quality of its lending portfolio through the deliberate acquisition of high-quality customers and enhancements in credit and lending processes and policies.”

As of September 30, 2025, the bank’s total assets stood at ₱1.25 trillion, while total liabilities amounted to ₱1.02 trillion.

Capital grew 8% compared with December 2024.

“We expect steady business growth with a strong plan in place to expand our corporate, commercial, and consumer segments. The bank’s digitalization strategy will further open opportunities across all areas of the business as we prepare for innovations that prioritize improving service to our customers,” said PNB President Edwin Bautista.

PNB’s investment banking arm, PNB Capital, was recognized for its excellence in sustainable finance, winning awards for Renewable Energy Deal of the Year – Solar and Renewable Energy Deal of the Year – Rooftop Solar.

The bank was also named Best Bank for Investment Research in the Philippines by Euromoney during its Private Banking Awards — marking PNB’s fifth consecutive win since 2021.