BPI Income Up 9% in Q1

Ayala-led Bank of the Philippine Islands (BPI) started the year strong with a nine percent year-on-year increase in net income to P16.6 billion for the first quarter of 2025, driven by sustained loan growth, solid margins and disciplined cost management.

- By KEISHA TA-ASAN

The listed bank said the improved profitability came on the back of a 13.1 percent growth in revenues, which outpaced the 12.7 percent rise in operating expenses, continuing a positive trend in operating leverage.

This translated to a return on equity of 15.35 percent and a return on assets of 2.05 percent.

BPI president and CEO Jose Teodoro Limcaoco expressed optimism during the bank's annual stockholders' meeting and media briefing, noting that the economy's continued strength and BPI's solid first quarter suggest the bank is "fairly on track" to exceed its 2024 record earnings of P62.05 billion.

"We reported our first quarter for 2025 earnings of P16.64 billion driven by a very strong net interest income and our growth in revenues," Limcaoco said.