- Bank of the Philippine Islands (BPI) reported a full-year net income of 62 billion pesos in 2024, which is a 20% increase from the previous year, but slightly below the estimated 62.74 billion pesos.
- Net interest income soared by 22% to 127.6 billion pesos, meeting expectations set at 126.83 billion pesos.
- Provision for loan losses increased by 65% to 6.6 billion pesos, which is lower than the forecasted 7.07 billion pesos.
- Revenue reached 170 billion pesos, climbing 23% and surpassing the anticipated 169.18 billion pesos.
- The non-performing loans ratio rose to 2.13%, missing the expected 1.75%.
- Return on equity was reported at 15.1%, falling short of the projected 16%.
- Fourth quarter net income was 14.1 billion pesos, marking an 8% year-over-year increase.
- 2024 net income benefitted from higher revenues but was partially offset by increased operating expenses and loan-loss provisions.
- BPI’s asset base expanded by 16.8%, and the net interest margin widened by 22 basis points to 4.31%.
- Non-interest income in 2024 grew by 25.3% to 42.6 billion pesos.
- Operating expenses in 2024 increased by 21.3% to 83.8 billion pesos, driven by higher costs in manpower, technology, and volume.
- The coverage of non-performing loans stands at 106.2%.
- Total loans amounted to 2.3 trillion pesos, a rise of 18.2%, including contributions from a merger with Robinsons Bank.
- Total assets grew to 3.3 trillion pesos, up 14.9%, while total equity reached 430.5 billion pesos.
- The cost to income ratio for 2024 improved by 71 basis points to 49.3%.
- BPI’s shares increased by 3.3% to 120.00 pesos following the trading of 3.15 million shares.
- Market analysts gave 17 buy recommendations, 4 holds, and 1 sell for BPI’s stock.
A look at Bank of the Philippine Islands Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
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
The Smartkarma Smart Scores for Bank of the Philippine Islands suggest a promising long-term outlook for the company. With a strong emphasis on Growth and Resilience, scoring 5 on both factors, it indicates a positive trajectory for the bank’s expansion and ability to withstand economic challenges. The Value and Dividend scores, both at 3, signify a balanced approach to financial performance and shareholder returns. Although Momentum stands at 3, indicating a steady pace of development, the combination of high Growth and Resilience scores bodes well for the bank’s future stability and potential for growth.
Bank of the Philippine Islands, a leading provider of commercial banking services, offers a range of essential financial products through its subsidiaries. From ATM services to electronic cash cards, the company caters to diverse banking needs. The balanced Smartkarma Smart Scores of 3 for Value and Dividend, combined with impressive scores of 5 for Growth and Resilience, indicate a solid foundation for the company’s future prospects and its commitment to delivering value to both customers and investors.
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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