Net income rose 13 percent to P976.2 million in the first quarter and was also up 23 percent from the previous quarter, while gross revenues climbed 10 percent to P3.29 billion.
Net interest income jumped 20 percent to P2.98 billion as loan growth and higher interest-earning assets lifted margins.
Lending and client activity stay resilient
The bank’s net interest margin improved to 4.41 percent, while return on equity reached 10.74 percent and return on assets stood at 1.32 percent.
Other income, however, fell 39 percent as geopolitical tensions in the Middle East triggered trading losses, although this was partly cushioned by stronger client-related foreign exchange gains and higher gains from property sales.
Asset quality also improved, with gross non-performing loans easing to 1.21 percent from 1.33 percent at end-2025, while net non-performing loans improved to 0.56 percent.
Deposits and capital remain healthy
Total assets grew 7 percent to P306.1 billion, while deposits increased 8 percent to P241.9 billion led mainly by current and savings accounts amounting to P224.7 billion.
The bank maintained a healthy capital adequacy ratio of 16.06 percent and a loan-to-deposit ratio of 77 percent, remaining comfortably above regulatory requirements.
Investments continue despite volatility
Operating expenses rose 11 percent as BankCom continued investing in manpower, technology and branch-lite expansion to support growing transaction volumes and business activity.
San Miguel Corporation affiliate BankCom also remained active in capital markets and fixed-income transactions during the quarter while maintaining stable profitability despite broader market volatility.
—Edited by Miguel R. Camus
