BDO Unibank, Inc. on Friday reported a net income of ₱20.1 billion in the first quarter of 2026, up 2 percent from ₱19.7 billion a year earlier, driven by steady performance across its core businesses.
The bank posted strong operational growth, with loans and pre-provision operating profit rising in the mid-teens. Asset quality also improved during the period. However, earnings were partly offset by higher provisions, as BDO set aside additional reserves in response to global geopolitical risks.
Net interest income increased by 11 percent, supported by a 16 percent expansion in gross customer loans, which reached ₱3.8 trillion. Deposit levels also grew by 15 percent, while current and savings accounts rose by 7 percent. Non-interest income went up by 6 percent with insurance operations recording a 27 percent increase.
The bank’s non-performing loan (NPL) ratio improved to 1.68 percent down from 1.77 percent last year, while NPL coverage stood at 132 percent.
Shareholders’ equity rose by 9 percent boosting book value per share by 8 percent to ₱119.36. BDO’s capital position remained strong, with a Common Equity Tier 1 (CET1) ratio of 13.3 percent.
The bank said its strong market position and diversified businesses will support long-term growth and allow it to take advantage of new opportunities despite a changing economic environment.
