BDO records P20.1B net income growth in first quarter of 2026

BDO Unibank Inc. (BDO) saw a single-digit growth in its bottom line in the first quarter of 2026.

In a news release on Friday, BDo said it booked a net income of P20.1 billion, up 2% from P19.7 billion in the January to March 2025 period.

The Sy-led bank said its first quarter performance was tempered by higher provisions due to building of strong reserves, “primarily a pre?emptive measure undertaken in response to evolving geo-political risk conditions.”

BDO reported an 11% growth in net interest income, driven by a 16% increase in gross customer loans to P3.8 trillion.

The bank added that total deposits rose by 15%, with Current Account/Savings Account (CASA) growth accelerating to 7%. 

Non-interest income likewise grew by 6%, while income from insurance operations rose by 27%. 

Non-Performing Loans (NPL) ratio declined to 1.68% from 1.77% year-on-year. 

“BDO’s leading market position, diversified business franchise, and strong financial position underpin its ability to pursue sustainable long-term growth and profitability while capturing emerging opportunities in a dynamic operating environment,” the bank said. —NB, GMA News