- First-quarter net income for BPI increased to 16.6 billion pesos, an 8.5% rise from last year’s 15.3 billion pesos.
- Revenue grew by 13% to 44.7 billion pesos, slightly below the estimate of 45.33 billion pesos.
- Provisions for loan losses were set at 3.0 billion pesos.
- The non-performing loans ratio stood at 2.26%.
- Return on equity was reported at 15.4%, close to the estimated 15.8%.
- BPI’s net interest income increased by 15.3%, attributed to an 8.6% growth in the average earning asset base and a 30 basis point rise in net interest margin to 4.49%.
- Non-interest income rose by 6.3% to 10.3 billion pesos, driven by higher credit card fees and transaction-based service charges.
- Operating expenses were recorded at 20.3 billion pesos, increasing by 12.7% year-on-year.
- The stock recommendations were predominantly positive, with 17 buys, 2 holds, and 1 sell.
A look at Bank of the Philippine Islands Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Bank of the Philippine Islands, a leading commercial banking provider in the Philippines, is poised for a positive long-term outlook based on its Smartkarma Smart Scores. With strong scores in Growth, Resilience, and Momentum, the company demonstrates robust potential for future expansion and profitability. The company’s focus on sustainable growth, ability to weather market fluctuations, and consistent upward trajectory set a solid foundation for its future performance.
With a promising overall outlook, Bank of the Philippine Islands‘ scores in Dividend and Value, though not as high as others, still indicate a solid investment opportunity. The company’s strategic positioning in the market, along with its commitment to providing reliable dividend returns and maintaining a reasonable valuation, places it favorably for investors looking for a balanced and stable option in their portfolio.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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