The bank’s return on equity (ROE) hit 10.27 percent in the first quarter of 2025, surpassing its 2026 goal and more than doubling the 4.22 percent projected in its listing prospectus.
“A few years ago, we set forth on an ambitious five-year plan that would take us from an ROE of 6 percent in 2021 to an ROE of 10 percent in 2026,” said BankCom president and CEO Michelangelo R. Aguilar at the company’s recent annual stockholders’ meeting.
“We have now surpassed that target one year ahead of schedule,” he added.
Following hese strong results, BankCom’s board approved a 79 percent increase in cash dividends for common shareholders, the second payout since its 2022 initial public offering, or IPO.
The bank will pay P0.45 per share in total, P0.25 regular and P0.20 special, on July 15 to shareholders on record as of June 19, while also allocating P220 million for preferred shares.
The dividend, funded from retained earnings, accounts for 28 percent of 2024 profits, while BankCom’s growth continues to be driven by gains in corporate lending, investment banking, and transaction fees.
