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.
