EastWest Jan.-Sept. 2025 net income up 14%

East West Banking Corp. posted a 14% growth on its net income for the first nine months of the year, as its core revenue generation as its top line saw a 16% annual growth, the Gotianun-led lender announced Monday.

EastWest said its nine-month net income grew to P6.6 billion, as its revenues climbed to P37.3 billion, with net interest income up 18% to P29.7 billion. The consumer lending business expanded 17% to account for 85% of its total loan portfolio, while fee income grew 27% to P5.3 billion.

“Our core consumer banking business is thriving, aligning perfectly with the evolving needs of our customers. Our strategic funding initiatives are likewise effectively supporting our growth plans and fortifying our funding structure,” East West chief executive officer Jerry Ngo said in a regulatory filing.

Operating expenses for the period increased 7% to P19.2 billion, bringing the cost-to-income ratio up 412 basis points to 51.4%.

“These critical components have significantly contributed to our steady revenue generation. At the same time, we continue to manage risks actively and ensure that provisions are adequate,” Ngo said.

“Combined with our operational efficiencies, these have resulted in robust and sustainable profitability,” he added.

The bank ended September with P552.9 billion in total assets, reflecting an 11% growth as deposits increased 12% to P415.8 billion. — BM, GMA Integrated News