Rizal Commercial Banking Corporation · PSE:RCB
Rizal Commercial Banking — Q1 2026 Earnings Presentation
34 slides from Rizal Commercial Banking's earnings presentation, Apr 29, 2026
Slide 1: Disclaimer
Disclaimer ANY INVESTMENT DECISION TO PURCHASE SECURITIES IN THE CONTEXT OF A PROPOSED OFFERING, IF ANY, SHOULD BE MADE ON THE BASIS OF THE FINAL TERMS AND CONDITIONS OF THE SECURITIES AND THE INFORMATION CONTAINED IN THE OFFERING CIRCULAR PUBLISHED IN RELATION TO SUCH AN OFFERING AND NOT ON THE BAS
Slide 2: RCBC 1Q 2026 Analyst Briefing
RCBC 1Q 2026 Analyst Briefing April 29, 2026 Disclaimer: We may make forward-looking statements and refer to non-GAAP financial measures during the briefing. Forward-looking statements are based on management's current expectations and assumptions that are subject to risks and uncertainties. Factors
Slide 3: Macroeconomic Outlook
Macroeconomic Outlook Michael Ricafort Chief Economist
Slide 4: Market Forecasts and Catalyst for 2026
MARKET FORECASTS AND CATALYST FOR 2026 Key Market Catalysts: Philippine GDP Growth Estimates (2026 – 2027) US Fed rate seen to hold until late 2026 Multilateral 2026 2027 Fed dot plot suggests Higher-for-longer interest Institutions Forecast Forecast 1 rates with Federal Open Market Committee (FOMC)
Slide 5: Market Forecasts and Catalyst for 2026
MARKET FORECASTS AND CATALYST FOR 2026 Philippine Economic Outlook US & Philippine Policy Rate Outlook 2024 2025 2026 3-Month 6-Month 1-Year Economic Indicators Economic Indicators Actual Actual Forecast Forecast Forecast Forecast 4.5%-5.0% BSP Policy Rate GDP Growth 5.6% 4.4% (vs. gov’t. target of
Slide 6: 1Q 2026 Performance
1Q 2026 Performance Chrissy P. Alvarez Corporate Planning Head
Slide 7: Resilient 1Q Performance
RESILIENT 1Q PERFORMANCE Scale and steady expansion ₱1.4T ₱789B • Loans surged 10.51% YoY to support the balance sheet expansion Total Assets Net Loans • Deposits grew 9.28% maintaining a stable funding base Core-driven earnings performance ₱2.7B ₱17B • Net income grew 12% YoY, anchored by net inter
Slide 8: Consolidated Financial Items
CONSOLIDATED FINANCIAL ITEMS Income Statement 1Q 2026 1Q 2025 Change YoY Financial Ratios 1Q 2026 1Q 2025 YoY Amounts in PhP Millions, except YoY Gross Income 17,023 14,660 2,363 16.1% PROFITABILITY ROE2 7.2% 6.0% 1.2% Net Interest Income 15,386 12,308 3,078 25.6% ROA 0.8% 0.8% 0.1% Fee Income 2,804
Slide 9: Sustained Earnings Amidst Challenging Environment
SUSTAINED EARNINGS AMIDST CHALLENGING ENVIRONMENT Gross Revenue Quarterly Net Interest Income 17.0 4.2% 4.6% 4.7% 4.8% 5.2% YoY 15.3 15.4 14.0 14.5 14.6 1.6 12.3 16.1% 2.4 Revenues 1Q25 2Q25 3Q25 4Q25 1Q26 Net Interest Income Quarterly NIM Fee Income (30%) 15.4 Other Income 12.3 9% 2,804 YoY Debit &
Slide 10: Margins Expand on Lower Funding Costs
MARGINS EXPAND ON LOWER FUNDING COSTS 7.35% Asset Yields Cost of funds declined to 2.30% Asset yields stable at 7.35% Lower funding costs drive margin Cost of Funds expansion 2.30% 1Q25 2Q25 3Q25 4Q25 1Q26 12
Slide 11: Portfolio Growth Driven by Consumer Lending
PORTFOLIO GROWTH DRIVEN BY CONSUMER LENDING Customer Loan Portfolio1 Loan Mix 11% YoY Growth YoY 789 708 39% 27% 38% 3% Credit Card Consumer 306 387 789B 49% 33% PL/SL Housing Loans Auto Loans (19%) 13% 25% SME 124 101 Consumer SME Corporate 8% 273 296 1Total Gross Loan to Customer 2Consumer refers
Slide 12: Continued Momentum in Cards & Personal Loans
CONTINUED MOMENTUM IN CARDS & PERSONAL LOANS ₱98K ₱1.52M P149B in balances; 28% in receivables per card, up cards in force; 15% higher than improvement from last by 12% year-on-year last year year’s level Credit Card Issuing Billings In Php Billions 24 18% YoY 78% Everyday Spend & Payments 21% Insta
Slide 13: Stable and Measured Auto & Mortgage Loans
STABLE AND MEASURED AUTO & MORTGAGE LOANS MORTGAGE LOANS LOAN PORTFOLIO GROWTH Demand moderated +17% YoY Selective origination LOAN BOOKINGS ₱8B Focus on prime developers AUTO LOANS LOAN PORTFOLIO GROWTH Strong demand +39% YoY Disciplined underwriting LOAN BOOKINGS ₱13B Partnership with dealers 15
Slide 14: Asset Quality Varies Across Portfolio Segments
ASSET QUALITY VARIES ACROSS PORTFOLIO SEGMENTS Corporate 38% 2.5% Comparative Consumer Loan NPL Ratios December 2025 Consumer 29% 4.7% Gross NPL RCBC UKB Consumer (auto & 4.5% 5.6% housing) Credit Cards 19% 4.8% Credit Cards 4.6% 4.8% PL 9.5% 4.5% SME 13% 12.3% The SME portfolio accounts for 13% of
Slide 15: Ecosystem Initiatives Supporting Deposit Flows
ECOSYSTEM INITIATIVES SUPPORTING DEPOSIT FLOWS 1062 1,023 1,025 957 972 857 Double-digit jump in Bills collection brought 672 CheckScan transaction CashCube business at 64% PHP 51B increase in values up by 23%, pushing vs previous year transactions value YoY transactions up to ₱24.4B 536 538 538 524
Slide 16: Capital Levels Remain Sufficient to Withstand Potential Shocks
CAPITAL LEVELS REMAIN SUFFICIENT TO WITHSTAND POTENTIAL SHOCKS 0.88% 0.88% 0.89% 1.63% 1.57% 1.56% 0.89% 0.90% 0.87% 0.87% 13.47% 13.16% 13.33% 13.27% 13.09% 13.05% 12.32% Mar 2025 Apr 2025 May 2025 Jun 2025 Jul 2025 Aug 2025 Sep 2025 Oct 2025 Nov 2025 Dec 2025 Jan 2026 Feb 2026 Mar 2026 CET1 AT1 Ti
Slide 17: Building Towards Sustainable Growth
BUILDING TOWARDS SUSTAINABLE GROWTH Managing through Selective and Optimized returns & headwinds measured growth portfolio stability ✓ Tightened underwriting ✓ Selective customer ✓ Broader growth and risk management acquisition ✓ Balance sheet ✓ Gradual expansion ✓ Optimized returns strengthening wh
Slide 18: Digital Platforms Expanding Reach
DIGITAL PLATFORMS EXPANDING REACH All-in-One Lifestyle The Philippines’ most PH’s 1st neighborhood & last App inclusive digital platform mile ATM network 1.8M 50% 4,632 Enrolled users SSS Accounts* Terminals 51% 255% Digital Adoption 17% SSS Deposit Level Revenues Growth* 55% 289% 10% Total Transact
Slide 19: Growing Merchant Network Coverage
GROWING MERCHANT NETWORK COVERAGE 3,338 ATM Go Merchants 16,384 Facilitate agency banking via a Credit Card Merchant network of over 4.6K terminals Outlets 44,069 TOTAL RCBC MERCHANT OUTLETS 16,384 Tap-to-phone Outlets 20,197 QR PH Outlets 21
Slide 20: Leveraging AI and Data Science Across the Business
LEVERAGING AI AND DATA SCIENCE ACROSS THE BUSINESS Targeted Campaigns & AI-Enabled Credit Underwriting Customer Analytics • Model-based credit decision engine for • Deep customer insights and persona consumer loans models driving targeted offers • Increased loan approval efficiency • Analytic-based
Slide 21: Award-Winning Digital & Operational Excellence
AWARD-WINNING DIGITAL & OPERATIONAL EXCELLENCE Philippines' Digital Best Bank for Bank of the Year Customer Service By The Asset Triple A Digital By Global Business Awards Review Magazine Excellence in Best Corporate Financial Inclusion Bank By RBI Asia Trailblazer Global Banking and Finance Awards
Slide 22: Additional Information
Additional Information Overview, Milestones & Ownership
Slide 23: Key Milestones in the RCBC Story
KEY MILESTONES IN THE RCBC STORY RCBC was incorporated and began Acquired 67% stake in Bankard Inc. Acquired First Malayan Leasing Launched DiskarTech, RCBC’s 1960 2000 2012 2020 financial inclusion super app operations in Rizal and Finance Corporation (now known as RCBC Leasing and Gained 17 awards
Slide 24: Investment Information
INVESTMENT INFORMATION Ownership Structure Market Data Particulars As of March 31, 2026 Ticker RCB Outstanding Shares 2,419.54M Public Float Stock Price 23.69 Pan Malayan Management Market Capitalization PhP 56.38B (USD 0.95B)¹ 13.7% and Investment Corp. (PMMIC) BV per share PhP 62.47 33.9% Price-to
Slide 25: Comprehensive and Diversified Business Platform
COMPREHENSIVE AND DIVERSIFIED BUSINESS PLATFORM RCBC Leasing and RCBC Capital RCBC Forex Brokers RCBC Int’l. Finance RCBC Trust RCBC Microbank Finance Corporation Corporation Hong Kong Finance Corporation Investment Bank Forex Broker Microfinance Thrift Bank Corporation Company Trust Services 100% L
Slide 26: Appendix
Appendix
Slide 27: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Income Statement 1Q 2026 1Q 2025 Change YoY Amounts in PhP Millions, except YoY Interest Income 21,958 21,008 949 4.5% Interest Expense 6,572 8,700 (2,128) (24.5%) Net Interest Income 15,386 12,308 3,078 25.0% Other Income 1,638 2,352 (714) (30.4%) Trading Gains & Forex
Slide 28: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Balance Sheet 1Q2026 1Q2025 Change YoY Amounts in PhP Millions, except YoY Cash/Due from BSP & Other Banks 89,770 76,415 13,354 17.5% Investment Securities 412,879 441,516 (28,637) (6.4%) FVTPL 19,370 12,880 6,489 50.4% FVOCI 140,237 171,053 (30,816) (18.0) Held to Maturit
Slide 29: Consolidated Financial Ratios
CONSOLIDATED FINANCIAL RATIOS Financial Ratios 1Q2026 1Q2025 Change Profitability ROE* 7.2% 6.0% 1.2% ROA 0.8% 0.8% 0.1% NIM 5.2% 4.2% 1.0% Cost Efficiency CIR 53.9% 58.4% (4.5%) Asset Quality Net NPL Ratio 2.8% 2.5% 0.3% NPL Coverage Ratio** 56.6% 55.8% 0.7% Capital CAR 13.1% 15.9% (2.8%) CET1 12.3
Slide 30: Historical Income Statement
HISTORICAL INCOME STATEMENT 2021 2022 2023 2024 2025 Interest Income 37.1 45.8 66.3 79.0 86.0 Interest Expense 8.3 14.6 32.7 36.6 29.9 Net Interest Income 28.8 31.2 33.6 42.4 56.1 Other Income 7.6 13.2 16.4 10.9 7.1 Trading Gains and Forex 1.0 1.5 0.4 (0.5) (5.5) Service Fees and Commissions 4.5 5.5
Slide 31: Historical Balance Sheet
HISTORICAL BALANCE SHEET 2021 2022 2023 2024 2025 Cash/Due from BSP/Due from Other banks 157 181 187 153 119 Investment Securities 219 374 363 429 FVPL 6 7 12 10 13 FVOCI 50 115 82 159 108 Held to Maturity Investments 164 252 237 260 254 Loans (net of Interbank) 508 531 622 710 761 Other Assets 75 6
Slide 32: Historical Financial Ratio
HISTORICAL FINANCIAL RATIO 2021 2022 2023 2024 2025 Profitability ROE 6.7% 11.2% 9.5% 6.0% 6.6% ROA 0.8% 1.2% 1.1% 0.7% 0.8% NIM 4.1% 3.7% 3.4% 3.8% 4.7% Cost Efficiency CIR 61.9% 56.5% 59.2% 61.7% 55.3% Asset Quality Net NPL Ratio 3.3% 2.0% 1.3% 2.0% 2.8% NPL Coverage Ratio 63.7% 84.4% 89.6% 74.4%
Slide 33: RCBC Partners Through
RCBC fartners through
Slide 34: For more information about RCBC, please contact Investor_Relations@rcbc.com
For more information about RCBC, please contact Investor_Relations@rcbc.com
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