Slides
Page 1
3Q and 9M 2026 Earnings Call Tuesday | October 27, 2026
Page 2
3Q and 9M 2026 Performance Highlights Profitability Asset Quality Balance Sheet Growth • 9M26 net income at P48.90 billion driven by robust loan expansion and a resilient NIM • Fee income, up 15.5% on healthy business activity across key segments • ROE at 13.6% and ROA at 1.8%, continuing to outpace key peers despite a spike in provisions • Asset quality softened amid macroeconomic headwinds but remained manageable • NPL ratio at 2.5%, up 8bps QoQ, reflecting slower loan growth in select segments, and partly offset by lower net NPL formation in the Non-Institutional segment • Provisions declined QoQ leading to YTD credit costs of 101 bps and an NPL cover of 89.6% • Solid loan and deposit growth of 13.6% and 11.0% Y oY, respectively • Strong capitalization and liquidity supported balance sheet growth • Indicative CET1 ratio of 13.9%; CAR of 14.7% despite market-related OCI pressure • Customer franchise further strengthened with client base expanding to 19.8 million • Agency Banking transaction volumes continued to accelerate • BPI BanKo and Legazpi Savings Bank merger strengthenspresence in the microfinance and teachers’ loans segments
Page 3
In PHP bn 9M 2025 9M 2026 YoY Net Interest Income 109.06 121.09 11.0% Non-Interest Income 33.27 35.20 5.8% Trading Income 5.18 2.75 -46.8% Fee Income 28.09 32.45 15.5% Net Revenues 142.33 156.28 9.8% Opex 65.50 73.68 12.5% PPOP 76.83 82.61 7.5% Provisions 11.75 19.88 69.2% NIBT 65.08 62.73 -3.6% Income Taxes 14.36 13.61 -5.2% Net Income 50.48 48.90 -3.1% Profitability - YoY Y ear-on-Y ear, • Revenue reached P156.28 billion, up 9.8% • Net Interest Income, up 11.0%, driven by 13.6% loan growth and NIM, up 1 bp • Trading income softened amidst rising yields • Solid fee income, up 15.5%, bolstered by higher customer base, volume, and deal activity • Record PPoP at P82.61 billion, up 7.5% • Provisions rose 69.2%, reflecting prudent approach • 9M net income at P48.9 billion, down 3.1%
Page 4
In PHP bn 2Q 2026 3Q 2026 QoQ Net Interest Income 40.89 41.05 0.4% Non-Interest Income 12.21 11.21 -8.1% Trading Income 0.87 0.64 -26.7% Fee Income 11.34 10.57 -6.7% Net Revenues 53.10 52.27 -1.6% Opex 25.13 25.04 -0.4% PPOP 27.96 27.23 -2.6% Provisions 7.84 6.54 -16.5% NIBT 20.12 20.68 2.8% Income Taxes 4.13 4.57 10.6% Net Income 15.91 16.07 1.0% Profitability - QoQ Quarter-on-Quarter, • Net Interest Income rose to P41.05 billion, up 0.4% driven by sustained loan growth, up 2.9% • Accompanied by declines in: • Opex at P25.04 billion, down 0.4% • Provisions at P6.54 billion, down 16.5% • Credit cost at 96 bps, down 24bps • 3Q Net Income at P16.07 billion, up 1.0%
Page 5
8.4% 13.1% 15.3% 15.1% 14.5% 13.6% 2021 2022 2023 2024 2025 9M 2026 1.1% 1.6% 1.9% 2.0% 2.0% 1.8% 2021 2022 2023 2024 2025 9M 2026 9.55 9.23 9M 2025 9M 2026 4.85 8.05 10.49 11.78 12.62 2021 2022 2023 2024 2025 Earnings per Share* Return on Assets Return on Equity *(1) weighted number of shares used in the calculations are net of property dividends of 406,179,276 common shares issued from treasury shares (2) 2022 EPS includes impact of one-off sale of asset; net of one-off, 2022 EPS growth was 50.2% +7.1% +12.3% +30.3% ROE and ROA continue to outpace key peers -3.4%
Page 6
Outstanding Outstanding Outstanding -274bps QoQ -316bps YoY57.80% -126bps QoQ +210bps YoY92.39% 2,486 2,615 2,677 2,839 2,973 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2,134 2,287 2,746 2,417 2,623 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 3,177 3,319 3,473 3,651 3,847 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 121.7B +4.3% QoQ 295.3B +11.0% YoY ₱2,973B 76.6B +2.9% QoQ 328.9B +13.6% YoY ₱2,746B 120.1B +3.2% QoQ 374.7B +10.8% YoY ₱3,847B Strong business momentum supports balance sheet growth ASSETS GROSS LOANS DEPOSITS 2024 2025 2026 LOANS TO DEPOSIT CASA RATIO
Page 7
14 15 16 17 18 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 43 46 33 36 53 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 98 106 127 131 142 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 244 261 291 302 322 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 585 634 745 799 885 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 1,549 1,653 1,861 1,673 1,825 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2,134 2,287 2,417 2,623 2,746 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 30.0B +3.5% QoQ 140.5B +18.9% YoY ₱885B 268M +1.5% QoQ 1.8B +11.5% YoY ₱18B 3.1B +6.2% QoQ 9.4B +21.7% YoY ₱53B 5.0B +3.6% QoQ 15.2B +12.0% YoY ₱142B 189M +0.3% QoQ 23.6B +46.7% YoY ₱74B 15.0B +5.7% QoQ 59.2B +27.2% YoY ₱277B 6.5B +2.1% QoQ 31.2B +10.8% YoY ₱322B 46.6B +2.6% QoQ 188.5B +11.3% YoY ₱1,861B 76.6B +2.9% QoQ 328.9B +13.6% YoY ₱2,746B As of September 2026 Loan growth accelerated on the back of resilient institutional demand TOTAL GROSS LOANS INSTITUTIONAL NON-INSTITUTIONAL CREDIT CARDS SMEMORTGAGE PERSONAL** MICROFINANCEAUTO* 2024 2025 2026 *Includes Motorcycle Loans, at PHP 6.1 Bn, up 19.1% YoY **Includes Teachers’ Loans at PHP 23.9 Bn, up 67.9% YoY 167 181 217 239 277 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 29 36 51 65 74 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Page 8
4.62% 4.58% 4.57% 4.70% 4.56% 6.71% 6.67% 6.65% 6.72% 6.79% 2.37% 2.37% 2.36% 2.28% 2.50% 8.16% 8.05% 7.97% 7.93% 7.99% 4.07% 3.88% 3.92% 3.80% 3.84% 4.08% 3.86% 3.39% 4.14% 3.66% 3Q25 4Q25 1Q26 2Q26 3Q26 69.2% 69.6% 68.3% 68.0% 67.8% 30.8% 30.4% 31.7% 32.0% 32.2% 2,417 2,623 2,615 2,670 2,746 3Q25 4Q25 1Q26 2Q26 3Q26 Loans Mix (in PHP bn) YoY +8bps -6bps +13bps -16bps -24bps +13.6% YoY QoQ+2.9% Loan growth cushioned impact of QoQ NIM compression on earnings Institutional Non-Institutional Note: Non-Institutional includes SME, Consumer, and Microfinance -42bps Asset Yield NIM Cost of Funds Loan Yield Risk Adjusted NIM (Provisions) Risk Adjusted NIM (Net NPL Formation) Quarter NIM Note: Net NPL Formation = Change in NPL Level + Credit Write-offs + 30% of Auto ROPA Transfers
Page 9
1,250 1,315 1,318 1,328 1,325 382 408 396 398 393 1,632 1,723 1,714 1,726 1,718 3Q25 4Q25 1Q26 2Q26 3Q26 1,632 1,723 1,714 1,726 1,718 1,045 1,116 1,129 1,125 1,254 54 64 92 104 108 158 159 178 179 1652,889 3,062 3,114 3,134 3,246 3Q25 4Q25 1Q26 2Q26 3Q26 Total Funding (in PHP bn) CASA Mix (in PHP bn) Note: Debt Issuances include Bond Issuances and Private Placements Other Borrowed Funds include borrowings, repurchase agreements, and interbank loans -1.2% +2.8% -0.2% +6.0% -0.4% +5.3% InstitutionalNon-Institutional QoQ YoYQoQ YoY Loans to Deposit Loans to Total Deposits & Debt Issuances85.3% 87.5% 86.5% 88.1% 87.5% 90.3% 92.4% 91.9% 93.6% 92.4% Funding growth keeps pace with strong loan expansion TimeCASA Other Borrowings Debt Issuances -0.4% +3.6% -7.7% +5.3% +12.3% +4.5% +11.5% +20.0% +3.7% +99.3%
Page 10
Rental, 0.1% Asset Sales, 0.8% Sec Brokerage & Inv Banking, 3.5% Retail Loans, 4.0% Remittance, 4.0% Corp Clients & Bus Banking, 4.6% Transaction Banking, 5.8% ATM & Digital Channels, 6.9% Branch Service Charges, 8.8% Insurance, 12.6% Wealth Management, 15.8% Cards, 33.2% 9.55 10.87 10.54 11.34 10.57 3Q25 4Q25 1Q26 2Q26 3Q26 YoY * gross of GRT and Others +15.6% -14.4% -17.7% +13.4% +13.6% +5.2% +38.2% -5.7% -1.5% +48.0% +18.7% +60.5% +10.7% YoY QoQ-6.7% Core businesses drive fee income growth Ranked by Contribution to 9M26 Fee Income*Amounts in PHP bn
Page 11
Operating Expenses (in PHP bn) YoY Strategic investments accelerate growth and efficiency +4.4% +15.8% +13.6% +6.2% +10.1% TechOthers Premises Manpower 8.2 11.2 8.4 9.0 9.5 4.5 5.8 4.7 5.0 4.72.3 2.5 2.3 2.3 2.7 7.7 7.1 8.1 8.8 8.2 22.8 26.6 23.5 25.1 25.0 3Q25 4Q25 1Q26 2Q26 3Q26 22.7 26.8 13.0 14.56.7 7.3 23.1 25.1 65.5 73.7 9M25 9M26 YoY +11.6% +18.0% +9.1% +8.5% +12.5% 2022 2023 2024 2025 9M26 Cost-to-Income 48.9% 50.0% 49.3% 47.2% 47.1% Customer Count (in mn) 9.3 11.6 16.0 18.2 19.8 Headcount 18,201 19,522 22,602 23,580 23,839 Distribution Channels Total Branches 1,069 1,215 1,252 1,277 1,243 BPI 752 867 857 823 782 BanKo 317 317 368 412 419 LSB 31 27 42 42 Agency Banking Partner Stores 5,344 6,434 7,032 7,380 Cash In & Cash Out Enabled 106 987 1,422 1 2 1/ CIR including impact of sale of property; 51.08% excluding revenue from sale of property 2/ RBC physical branches included since 2024, but excluded since 1H26 due to branch rationalization
Page 12
QoQ YoY-116bps 14.67% -30bps -26bps QoQ -112bps YoY 13.88% 79.2B +2.7% QoQ 272.7B +10.2% YoY ₱2,960B 3.5B +0.8% QoQ 7.7B +1.9% YoY ₱411B 15.8% 14.7% 15.6% 14.6%14.7% JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 14.7% 13.9% 15.0% 13.9% 13.9% JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2,510 2,642 2,687 2,887 2,960 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 370 366 403 402 411 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Year-to-date RWA Year-to-date CET1 RATIO Year-to-date CAR Year-to-date CET1 Indicative – June 2026 CET1 and CAR Healthy capital position despite market-related OCI pressure 2024 2025 2026
Page 13
QoQ YoY113.05% -2.8ppts -9.2ppts QoQ YoY89.57% -3.4ppts -6.9ppts QoQ YoY +8bps +21bps2.50% 3.9B +6.1% QoQ 13.0B +23.7% YoY₱68.05B 4.80 6.60 11.75 17.75 19.88 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 68 75 101 31 32 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 122.26% 122.86%120.42% 123.92% 113.05% JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 96.47% 94.92% 111.17% 106.22% 89.57% JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2.29% 2.18% 2.30% 2.13% 2.50% JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 48.81 48.36 55.01 56.87 68.05 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Credit costs moderated in 3Q26 CREDIT COST (YTD in bps) NPL LEVEL NPL RATIO NPL COVER, PFRS 9 YTD NPL COVER, BSP Cir. 941 * * includes GLLP and reserves for interbank loans 20252024 2026 YTD PROVISIONS (YTD in PHP bn)
Page 14
NPL Cover 95.00% Total Cover 90.49% Total Cover NPL Cover 83.42% 164.00% Total Cover 98.69% NPL Cover 106.36% Total Cover 141.54% NPL Cover 145.07% Total Cover 120.10% NPL Cover 20.39% Total Cover 100.29% NPL Cover 83.32% 197.28% 104.69%NPL Cover Total Cover 7.00% 7.16% 5.59% 5.44% 6.99% JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 4.11% 4.34% 3.85% 3.82% 4.73% JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 13.01% 13.26% 10.47% 10.49% 13.95% JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 4.65% 4.68% 4.50% 4.30% 5.44% JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 4.53% 4.55% 5.01% 4.21%4.80% JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 1.39% 1.29% 1.15% 0.98% 0.86% JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC -78bps QoQ -1bp YoY 6.99% +17bps QoQ +62bps YoY 4.73% -46bps QoQ +94bps YoY 13.95% +5bps QoQ +79bps YoY 5.44% +10bps QoQ +27bps YoY 4.80% +309bps QoQ +814bps YoY 15.62% -2bps QoQ -29bps YoY 0.86% TOTAL INSTITUTIONAL CREDIT CARDS PERSONAL MICROFINANCE SME 2025 20262024 ECL Cover: Coverage Ratio 100.63% * Includes Teachers’ Loans * Reserves + Collateral Cover: 140.67% AUTO MORTGAGE Total Cover = Reserves + Collateral Cover for NPL NPL ratio saw a modest spike amidst moderating Non-Insti growth 2.30% 2.13% 2.29% 2.18% 2.50% JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC +8bps QoQ +21bps YoY 2.50% As of September 2026 7.47% 7.35% 5.63% 5.43% 15.62% JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC NPL Cover 89.57% Total Cover 143.16%
Page 15
1 Profitability: Revenue-led earnings tempered by forward-looking provisions 2 Balance Sheet: Double digit loan growth backed by strong capital and liquidity 3 Asset Quality: Credit cost moderated while asset quality remained manageable 4 Growth: Continued strengthening of franchise through Agency Banking and BanKo expansion Summary
Page 16
For your comments and queries contact us via: investorrelations@bpi.com.ph https://www.bpi.com.ph/ Scan the QR code to download the 2025 Integrated Report or visit https://www.bpi.com.ph/about - bpi/investor - relations/integrated - reports Scan the QR code here
Page 17
THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS. DISCLAIMER: This presentation has been prepared by the Bank of the Philippine Islands (“BPI” or the “Company”) solely for informational purposes. All contents hereof are the sole and exclusive property of BPI. Nothing in this presentation shall be considered a solicitation, offer, advice or recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments. In all cases, interested parties should conduct their own investigation and analysis of the Company and the data set forth in this presentation. BPI makes no representation or warranty as to the accuracy or completeness of information in this presentation and shall not have any liability for any representations (expressed or implied) regarding information contained in, or for any inaccuracies or errors in, or omissions from, this presentation. This presentation may contain forward looking statements including statements regarding the Company’s intent, belief or current expectations with respect to BPI’s [businesses and operations, market conditions, results of operation and financial condition, capital adequacy , specific provisions and risk management practices]. Readers are cautioned not to place undue reliance on these forward-looking statements. BPI does not undertake any obligation to publicly release the result of occurrence of unanticipated events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies outside BPI’s control. Bank of the Philippine Islands (632) 889-10000 www.bpi.com.ph BPI Investor Relations Office (632) 8663-6729 investorrelations@bpi.com.ph Important Information BPI is regulated by the Bangko Sentral ng Pilipinas. https/ /www.bsp.gov.ph