Highlights:
- Resilient results on sustained growth in core businesses
- Gross loans grew by 16%, driven by broad‑based growth across all market segments
- Asset quality continued to improve, with NPL ratio lower at 1.68% and NPL cover among the highest in the industry
- Capital position remained strong, with a CET1 ratio of 13.3% and Book Value Per Share up 8% to ₱119.36
BDO Unibank, Inc. (BDO) reported a net income of ₱20.1 billion in the first quarter of 2026, 2% higher than ₱19.7 billion in the same period last year, supported by the sustained performance of its core businesses. Return on Average Common Equity (ROCE) stood at 12.8% for the period.
The Bank delivered strong operational results, achieving mid-teens growth in loans and pre-provision operating profit, with asset quality continuing to improve. Net income was tempered by higher provisions, as the Bank is building strong reserves, primarily a pre‑emptive measure undertaken in response to evolving geo-political risk conditions.
Net Interest Income grew by 11% as Gross Customer Loans increased by 16% to ₱3.8 trillion, boosted by the double-digit growth across all market segments. Total deposits expanded by 15%, with Current Account/Savings Account (CASA) growth accelerating to 7%. Non-interest income went up by 6%, while income from insurance operations rose by 27%.
Asset quality improved, with the Non-Performing Loan (NPL) ratio declining to 1.68% from 1.77% in the same period last year. NPL coverage was at 132%.
Shareholders’ equity increased by 9%, on the back of sustained earnings, with Book Value Per Share rising by 8% to ₱119.36. The Bank’s CET1 ratio was at 13.3%.
BDO’s leading market position, diversified business franchise, and strong financial position underpin its ability to pursue sustainable long term growth and profitability while capturing emerging opportunities in a dynamic operating environment. END
About BDO BDO Unibank, Inc. (BDO) is a full-service universal bank which provides a wide range of corporate and retail services such as loan and deposit products, treasury, trust banking, investment banking, private banking, thrift banking and microfinance, cash management, leasing and finance, remittance, life insurance, property & casualty insurance brokerage, cash cards, credit cards, and online and non-online stock brokerage services. BDO has the country’s largest distribution network, with over 2,000 consolidated operating branches and more than 7,900 teller machines nationwide. It also has 15 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America and the Middle East. The Bank also offers digital banking solutions to make banking easier, faster, and more secure for its clients. BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of December 31, 2025. For concerns, please visit any BDO branch near you or reach us through any of the channels listed in the Consumer Assistance page of our website: https://www.bdo.com.ph/consumer-assistance. For more information, please visit http://www.bdo.com.ph.
BDO is regulated by the Bangko Sentral ng Pilipinas (https://www.bsp.gov.ph). Deposits are insured by PDIC up to P1 Million per depositor.The BDO, BDO Unibank and other BDO-related trademarks are owned by BDO Unibank, Inc. All Rights Reserved.
