Bank Of The Philippine Islands · PSE:BPI
Bank Of The Philippine Islands — H1 2026 Earnings Presentation
18 slides from Bank Of The Philippine Islands's earnings presentation, Jul 29, 2026
Slide 1: 2Q and 1H 2026 Earnings Call
2Q and 1H 2026 Earnings Call Wednesday | July 29, 2026
Slide 2: 2Q and 1H 2026 Performance Highlights
2Q and 1H 2026 Performance Highlights • 1H26 net income at P32.83 billion driven by record pre-provision operating income. Net income tempered by provisions from macroeconomic overlays from the ECL model Profitability • Volume growth and continued NIM expansion supported earnings, demonstrating the
Slide 3: Profitability - YoY
Profitability - YoY In PHP bn 1H 2025 1H 2026 YoY Net Interest Income 71.15 80.03 12.5% • Revenue at P104.01 billion, up 12.4% Non-Interest Income 21.40 23.98 12.1% • Net Interest Income, up 12.5% YoY, driven by 12.4% loan growth and 3bps expansion in NIM Trading Income 2.86 2.11 -26.2% • Trading in
Slide 4: Profitability - QoQ
Profitability - QoQ In PHP bn 1Q 2026 2Q 2026 QoQ Net Interest Income 39.15 40.89 4.4% • Revenue-driven growth Non-Interest Income 11.77 12.21 3.7% • Net interest income, up 4.4% was driven by sustained loan expansion, up 2.1%, and NIM, up Trading Income 1.24 0.87 -29.3% 13bps Fee Income 10.54 11.34
Slide 5: Consistently strong profitability
Consistently strong profitability Earnings per Share* Return on Assets 2.0% 2.0% 1.9% 1.8% 1.6% +7.1% 1.1% +12.3% 12.62 11.78 +30.3% 10.49 2021 2022 2023 2024 2025 1H 2026 -0.6% 8.05 6.24 6.20 Return on Equity 4.85 15.3% 15.1% 14.5% 13.1% 13.8% 8.4% 2021 2022 2023 2024 2025 1H 2025 1H 2026 *(1) weig
Slide 6: Growing shareholder returns
Growing shareholder returns Dividend per Share Dividend Payout 4.36 3.96 vs 1H 2021 3.36 +187% 2.28 1.98 2.58 vs 1H 2025 2.12 1.68 +24% 1.8 41.03% 1.06 0.9 2.58 2.08 37.95% 40.07% 40.20% 40.39% 1.98 37.13% 1.68 0.9 1.06 20.51% 2021 2022 2023 2024 2025 1H 2026 2021 2022 2023 2024 2025 1H 2026 First S
Slide 7: Strong business momentum supports balance sheet growth
Strong business momentum supports balance sheet growth ASSETS GROSS LOANS DEPOSITS 22.6B +0.6% QoQ 55.1B +2.1% QoQ 7.4B +0.3% QoQ ₱3,727B ₱2,670B 295.2B +12.4% YoY ₱2,851B 239.3B +9.2% YoY 328.0B +9.6% YoY Outstanding Outstanding Outstanding 2,851 2,670 2,839 2,623 2,612 2,375 2,615 3,727 2,287 2,45
Slide 8: Above industry loans growth, led by non-institutional segment
Above industry loans growth, led by non-institutional segment TOTAL GROSS LOANS INSTITUTIONAL NON-INSTITUTIONAL ₱2,670B 2,670 2,623 1,815 1,825 855 ₱1,815B ₱855B 2,375 799 2,287 1,669 1,653 705 As of June 2026 2,082 1,526 634 556 55.1B +2.1% QoQ 29.1B +1.6% QoQ 26.0B +3.1% QoQ 295.2B +12.4% YoY 145.
Slide 9: NIM continues to expand, up 13bps QoQ
NIM continues to expand, up 13bps QoQ Loans Mix (in PHP bn) Quarter NIM YoY +12.4% YoY +2.1% QoQ 8.16% 8.05% 8.06% 7.97% 7.93% -13bps 2,623 2,615 2,670 6.70% 6.71% 6.67% 6.65% 6.72% +2bps 2,375 2,417 30.4% 31.7% 32.0% 29.7% 30.8% 4.67% 4.62% 4.58% 4.57% 4.70% +3bps 3.92% 4.14% +8bps 4.13% 4.08% 3.88
Slide 10: Stable and low-cost funding supports earnings growth
Stable and low-cost funding supports earnings growth Total Funding (in PHP bn) CASA Mix (in PHP bn) Loans to 90.9% 90.3% 92.4% 91.9% 93.6% Deposit Loans to Total Deposits 85.8% 85.3% 87.5% 86.5% 88.1% & Debt Issuances QoQ YoY QoQ YoY 3,114 3,134 +0.6% +10.4% 1,723 1,714 1,726 3,062 +0.7% +5.8% 1,631
Slide 11: Fee income momentum drives earnings sustainability
Fee income momentum drives earnings sustainability Amounts in PHP bn YoY Ranked by Contribution to 1H26 Fee Income* +13.8% Cards, 31.7% +22.0% YoY +12.3% Wealth Management, 15.3% +7.6% QoQ +16.7% Insurance, 12.5% 11.34 +5.7% Branch Service Charges, 8.7% 10.87 10.54 +7.9% ATM & Digital Channels, 8.0%
Slide 12: Strategic investments accelerate growth and efficiency
Strategic investments accelerate growth and efficiency Operating Expenses (in PHP bn) YoY 2022 2023 2024 2025 1H26 26.6 25.1 Total Cost-to-Income 48.9% 1 50.0% 49.3% 47.2% 46.8% +12.0% 22.8 23.5 22.4 Customer Count (in mn) 9.3 11.6 16.0 18.2 19.2 7.1 Headcount 18,201 19,522 22,602 23,580 23,560 8.8
Slide 13: Strong capital position supports growth and shareholder returns
Strong capital position supports growth and shareholder returns CET1 RWA CET1 RATIO CAR 3.6B +0.9% QoQ 19.5B +0.7% QoQ +3bps QoQ -2bps QoQ ₱407B ₱2,916B 13.97% 14.78% 23.8B +6.2% YoY 263.4B +9.9% YoY -49bps YoY -47bps YoY Year-to-date Year-to-date Year-to-date Year-to-date 407 2,916 402 2,887 14.5%
Slide 14: NPL ratio stable QoQ; updated MEVs impact credit costs
NPL ratio stable QoQ; updated MEVs impact credit costs NPL LEVEL NPL RATIO NPL COVER, PFRS 9 1.2B +2.0% QoQ 0bp QoQ +5.8ppts QoQ ₱64.16B 11.1B +20.9% YoY 2.42% +17bps YoY 92.98% -4.1ppts YoY 64.16 2.42% 127.59% 53.08 56.87 2.25% 45.63 48.36 2.18% 97.05% 106.22% 2.20% 2.13% 94.92% 92.98% SEP MAY MAR
Slide 15: Asset quality remains manageable with strong NPL coverage
Asset quality remains manageable with strong NPL coverage TOTAL INSTITUTIONAL SME 2.42% 2.42% 0.88% 1.22% 12.53% 12.53% 1.20% As of June 2026 2.25% 1.29% 7.51% -32bps QoQ +420bps QoQ 0bp QoQ 2.18% 0.98% 7.35% 2.20% 2.13% -33bps YoY +17bps YoY 0.88% +502bps YoY 5.43% 5.36% NPL Cover 92.98% NPL Cover
Slide 16: Summary
Summary 1 Profitability: Revenue-led earnings tempered by forward-looking provisions 2 Balance Sheet: Strong capital position enabled continued dividend growth 3 Asset Quality: Stable asset quality, supported by higher NPL coverage 4 Growth: Continued franchise expansion through Agency Banking and B
Slide 17: For your comments and queries contact us
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
Slide 18: Important Information
Important Information DISCLAIMER: This presentation has been prepared by the Bank of the Philippine Bank of the Philippine Islands Islands (“BPI” or the “Company”) solely for informational purposes. All contents (632) 889-10000 hereof are the sole and exclusive property of BPI. Nothing in this prese
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