Buy Or Sell Opportunity • Jun 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.2% to ₱53.00. The fair value is estimated to be ₱66.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • May 16
First quarter 2026 earnings released: EPS: ₱2.21 (vs ₱2.84 in 1Q 2025) First quarter 2026 results: EPS: ₱2.21 (down from ₱2.84 in 1Q 2025). Revenue: ₱3.38b (down 6.1% from 1Q 2025). Net income: ₱944.3m (down 22% from 1Q 2025). Profit margin: 28% (down from 34% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Teh Opinion was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Apr 26
Fourth quarter dividend of ₱0.75 announced Dividend of ₱0.75 is the same as last year. Ex-date: 8th May 2026 Payment date: 25th May 2026 Dividend yield will be 5.3%, which is higher than the industry average of 3.1%. Sustainability & Growth The dividend has increased by an average of 1.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Apr 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.6% to ₱55.80. The fair value is estimated to be ₱70.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.1%. Buy Or Sell Opportunity • Apr 08
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at ₱56.20. The fair value is estimated to be ₱70.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.1%. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: ₱8.20 (vs ₱12.20 in FY 2024) Full year 2025 results: EPS: ₱8.20 (down from ₱12.20 in FY 2024). Revenue: ₱13.6b (down 10% from FY 2024). Net income: ₱3.50b (down 33% from FY 2024). Profit margin: 26% (down from 34% in FY 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat. Buy Or Sell Opportunity • Mar 11
Now 20% undervalued Over the last 90 days, the stock has risen 3.7% to ₱57.00. The fair value is estimated to be ₱71.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 11%. Buy Or Sell Opportunity • Feb 24
Now 20% undervalued Over the last 90 days, the stock has risen 3.6% to ₱56.80. The fair value is estimated to be ₱71.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 11%. Declared Dividend • Jan 18
Third quarter dividend of ₱0.75 announced Dividend of ₱0.75 is the same as last year. Ex-date: 29th January 2026 Payment date: 16th February 2026 Dividend yield will be 5.2%, which is higher than the industry average of 3.1%. Sustainability & Growth The dividend has increased by an average of 1.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: ₱1.60 (vs ₱3.37 in 3Q 2024) Third quarter 2025 results: EPS: ₱1.60 (down from ₱3.37 in 3Q 2024). Revenue: ₱3.27b (down 14% from 3Q 2024). Net income: ₱681.4m (down 53% from 3Q 2024). Profit margin: 21% (down from 38% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Nov 07
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.9% to ₱52.55. The fair value is estimated to be ₱68.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 19%. Declared Dividend • Oct 26
Second quarter dividend of ₱0.75 announced Dividend of ₱0.75 is the same as last year. Ex-date: 7th November 2025 Payment date: 24th November 2025 Dividend yield will be 5.3%, which is higher than the industry average of 3.1%. Sustainability & Growth The dividend has increased by an average of 1.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ₱2.23 (vs ₱3.19 in 2Q 2024) Second quarter 2025 results: EPS: ₱2.23 (down from ₱3.19 in 2Q 2024). Revenue: ₱3.38b (down 6.6% from 2Q 2024). Net income: ₱953.6m (down 30% from 2Q 2024). Profit margin: 28% (down from 38% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Declared Dividend • Jul 27
First quarter dividend of ₱0.75 announced Dividend of ₱0.75 is the same as last year. Ex-date: 7th August 2025 Payment date: 26th August 2025 Dividend yield will be 5.1%, which is higher than the industry average of 3.1%. Sustainability & Growth The dividend has increased by an average of 1.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: ₱2.84 (vs ₱2.82 in 1Q 2024) First quarter 2025 results: EPS: ₱2.84 (up from ₱2.82 in 1Q 2024). Revenue: ₱3.60b (down 4.7% from 1Q 2024). Net income: ₱1.21b (flat on 1Q 2024). Profit margin: 34% (up from 32% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 27
Fourth quarter dividend of ₱0.75 announced Dividend of ₱0.75 is the same as last year. Ex-date: 9th May 2025 Payment date: 26th May 2025 Dividend yield will be 5.1%, which is higher than the industry average of 3.1%. Sustainability & Growth The dividend has increased by an average of 1.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Apr 25
Philippine Savings Bank Declares Regular Cash Dividend for the First Quarter 2025, Payable on 26 May 2025 The Board of Directors of Philippine Savings Bank, in its meeting held 24 April 2025, passed a resolution declaring a 7.5% Regular Cash Dividend for the first quarter 2025 amounting to PHP 320.14 million equivalent to PHP 0.75 per share. This will be payable to all common stockholders as of the Record Date of 12 May 2025 and will be paid no later than the Payment Date of 26 May 2025. Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: ₱12.20 (vs ₱10.62 in FY 2023) Full year 2024 results: EPS: ₱12.20 (up from ₱10.62 in FY 2023). Revenue: ₱15.1b (up 10% from FY 2023). Net income: ₱5.21b (up 15% from FY 2023). Profit margin: 35% (up from 33% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jan 19
Third quarter dividend of ₱0.75 announced Dividend of ₱0.75 is the same as last year. Ex-date: 31st January 2025 Payment date: 17th February 2025 Dividend yield will be 5.1%, which is higher than the industry average of 3.1%. Sustainability & Growth The dividend has increased by an average of 1.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: ₱3.37 (vs ₱2.81 in 3Q 2023) Third quarter 2024 results: EPS: ₱3.37 (up from ₱2.81 in 3Q 2023). Revenue: ₱3.78b (up 4.9% from 3Q 2023). Net income: ₱1.44b (up 20% from 3Q 2023). Profit margin: 38% (up from 33% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Oct 20
Second quarter dividend of ₱0.75 announced Dividend of ₱0.75 is the same as last year. Ex-date: 31st October 2024 Payment date: 18th November 2024 Dividend yield will be 5.0%, which is higher than the industry average of 3.1%. Sustainability & Growth The dividend has increased by an average of 1.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 7.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Oct 18
Philippine Savings Bank Announces 7.5% Regular Cash Dividend for the Third Quarter 2024, Payable on November 18, 2024 The Board of Directors of Philippine Savings Bank, in its meeting held on 17 October 2024, passed a resolution declaring a 7.5% Regular Cash Dividend for the third quarter 2024 amounting to PHP 320.14 million equivalent to PHP 0.75 per share. This will be payable to all common stockholders as of the Record Date of 04 November 2024 and will be paid no later than the Payment Date of 18 November 2024. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: ₱3.19 (vs ₱2.79 in 2Q 2023) Second quarter 2024 results: EPS: ₱3.19 (up from ₱2.79 in 2Q 2023). Revenue: ₱3.62b (up 4.7% from 2Q 2023). Net income: ₱1.36b (up 14% from 2Q 2023). Profit margin: 38% (up from 34% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Declared Dividend • Jul 29
First quarter dividend of ₱0.75 announced Dividend of ₱0.75 is the same as last year. Ex-date: 8th August 2024 Payment date: 27th August 2024 Dividend yield will be 5.4%, which is higher than the industry average of 3.1%. Sustainability & Growth The dividend has increased by an average of 1.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 4.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Jul 26
Philippine Savings Bank Declares Regular Cash Dividend for the Second Quarter of 2024, Payable on August 27, 2024 The Board of Directors of Philippine Savings Bank, in its meeting held on 25 July 2024, passed a resolution declaring a 7.5% Regular Cash Dividend for the second quarter 2024 amounting to PHP 320.14 million equivalent to PHP 0.75 per share. This will be payable to all common stockholders as of the Record Date of 09 August 2024 and will be paid no later than the Payment Date of 27 August 2024. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ₱2.82 (vs ₱2.29 in 1Q 2023) First quarter 2024 results: EPS: ₱2.82 (up from ₱2.29 in 1Q 2023). Revenue: ₱3.78b (up 16% from 1Q 2023). Net income: ₱1.20b (up 23% from 1Q 2023). Profit margin: 32% (up from 30% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • May 07
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Ronald Luis Goseco was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Apr 29
Fourth quarter dividend of ₱0.75 announced Dividend of ₱0.75 is the same as last year. Ex-date: 10th May 2024 Payment date: 27th May 2024 Dividend yield will be 5.5%, which is higher than the industry average of 3.1%. Sustainability & Growth The dividend has increased by an average of 1.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 2.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Apr 27
Philippine Savings Bank Declares Cash Dividend for the First Quarter of 2024, Payable on May 27, 2024 The Board of Directors of Philippine Savings Bank, in its meeting held on 25 April 2024, passed a resolution declaring a 7.5% regular cash dividend for the first quarter 2024 amounting to PHP 320.14 million equivalent to PHP 0.75 per share. This will be payable to all common stockholders as of the record date of 13 May 2024 and will be paid no later than the payment date of 27 May 2024. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: ₱10.61 (vs ₱8.62 in FY 2022) Full year 2023 results: EPS: ₱10.61 (up from ₱8.62 in FY 2022). Revenue: ₱13.7b (flat on FY 2022). Net income: ₱4.53b (up 23% from FY 2022). Profit margin: 33% (up from 27% in FY 2022). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Ankündigung • Jan 31
Philippine Savings Bank Announces Resignation Ma. Soledad D.S. De Leon as A Member of the Board of Directors and as A Member of the Trust Committee and the Related Party Transactions Committee Board of Directors of Philippine Savings Bank, in its special meeting held on, 31 January 2024, accepted the resignation of Director Ma. Soledad D.S. De Leon as a member of the Board of Directors and as a member of the Trust Committee and the Related Party Transactions Committee. The said resignation is due to personal reasons and effective immediately. Upcoming Dividend • Jan 25
Upcoming dividend of ₱0.75 per share at 5.4% yield Eligible shareholders must have bought the stock before 01 February 2024. Payment date: 19 February 2024. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 5.4%. Lower than top quartile of Filipino dividend payers (5.6%). Higher than average of industry peers (3.3%). Ankündigung • Dec 28
Philippine Savings Bank Announces Retirement of Emmanuel A. Tuazon as Senior Vice President and Marketing Group Head, Effective 1 January 2024 Philippine Savings Bank announced the retirement of Senior Vice President and Marketing Group Head Emmanuel A. Tuazon effective 1 January 2024. Ankündigung • Dec 15
Philippine Savings Bank Announces Executive Changes In Board meeting held on December 14, 2023, the Philippine Savings Bank's Board of Directors approved the appointment of Senior Vice President & Controller/Finance Group Head, Ms. Leah M. Zamora, concurrently as the Bank's new Corporate Secretary effective 01 January 2024. She will serve the remaining unexpired term of incumbent Senior Vice President & Corporate Secretary Mr. Perfecto Ramon Z. Dimayuga, Jr., who will be retiring by 31 December 2023. Ms. Zamora has been with the Bank for 13 years since she joined in April 2010. As the incumbent Controller and Head of the Finance Group, she oversees the Group's Financial Planning Division (FPD), Financial Accounting Services Division (FASD) and Business Intelligence Division (BID). She is also a member of the Bank's Assets and Liabilities, IT Steering, Retirement, Outsourcing and Related Party Transactions Management committees. Prior to joining the Bank, she served as Vice President for Financial Planning and Analysis of GE Money Bank Philippines (now part of BDO Unibank). She graduated BS in Accountancy from the De La Salle University (DLSU) and is a Certified Public Accountant (CPA). Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: ₱2.81 (vs ₱2.38 in 3Q 2022) Third quarter 2023 results: EPS: ₱2.81 (up from ₱2.38 in 3Q 2022). Revenue: ₱3.60b (up 6.0% from 3Q 2022). Net income: ₱1.20b (up 18% from 3Q 2022). Profit margin: 33% (up from 30% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 31
Upcoming dividend of ₱0.75 per share at 5.5% yield Eligible shareholders must have bought the stock before 07 November 2023. Payment date: 20 November 2023. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 5.5%. Lower than top quartile of Filipino dividend payers (5.6%). Higher than average of industry peers (3.3%). Ankündigung • Oct 20
Philippine Savings Bank Approves Cash Dividend for the Third Quarter of 2023, Payable on November 20, 2023 The Board of Directors of Philippine Savings Bank, in its meeting held on 19 October 2023, passed a resolution declaring regular Cash Dividend for the third quarter of 2023 amounting to PHP 0.75 per share. Payment Date is November 20, 2023 and Record Date is November 8, 2023. Ankündigung • Sep 22
Philippine Savings Bank Announces Board Changes Philippine Savings Bank in its meeting held on September 21, 2023, approved the following matters as endorsed by the Bank's Corporate Governance Committee (CGC): Election of Mr. Ronald Luis S. Goseco as Independent Director, subject to the required confirmation by the Bangko Sentral ng Pilipinas with his existing interlocking positions; and, Appointment of Mr. Goseco as Chairman of the Bank's Risk Oversight Committee and Member of the Audit and Related Party Transactions Committees. Mr. Goseco will serve the remaining unexpired term and fill in the vacant committee seats left by former Independent Director Higinio O. Macadaeg, Jr. Ankündigung • Aug 25
Philippine Savings Bank Appoints Elmer K. Mercado as the Bank's Deputy Treasurer from 01 September 2023 to 31 December 2023 and Treasurer/Treasury Group Head from 01 January 2024 to 31 August 2028 Philippine Savings Bank in its meeting held on August 24, 2023, passed a resolution approving the appointment, via secondment, for a maximum period of five (5) years from 01 September 2023 to 31 August 2028, ofparent-Metrobank's First Vice President (FVP) Mr. Elmer K. Mercado as the Bank's Deputy Treasurer from 01 September 2023 to 31 December 2023 and Treasurer/Treasury Group Head from 01 January 2024 to 31 August 2028. Reported Earnings • Aug 14
Second quarter 2023 earnings released: EPS: ₱2.79 (vs ₱2.22 in 2Q 2022) Second quarter 2023 results: EPS: ₱2.79 (up from ₱2.22 in 2Q 2022). Revenue: ₱3.46b (flat on 2Q 2022). Net income: ₱1.19b (up 26% from 2Q 2022). Profit margin: 34% (up from 28% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 25
Upcoming dividend of ₱0.75 per share at 5.3% yield Eligible shareholders must have bought the stock before 01 August 2023. Payment date: 22 August 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Filipino dividend payers (5.4%). Higher than average of industry peers (3.1%). Ankündigung • Jul 23
Philippine Savings Bank Approves the Declaration of Cash Dividends for Second Quarter of 2023, Payable on August 22, 2023 Philippine Savings Bank has approved the declaration of cash dividends for second quarter of 2023. Amount of Cash Dividend Per Share, Php 0.75, Record Date is Aug. 4, 2023, Payment Date is August 22, 2023. Ankündigung • Jul 18
Philippine Savings Bank Announces Resignation of Higinio O. Macadaeg, Jr. as Independent Director Philippine Savings Bank announced that Director Higinio O. Macadaeg, Jr. has tendered his resignation as independent director of Philippine Savings Bank due to personal reasons effective immediately. Mr. Macadaeg's resignation is not due to any disagreement with any Board policies and practices. Board Change • Jun 07
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Rufino Luis Manotok was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 16
First quarter 2023 earnings released: EPS: ₱2.29 (vs ₱2.08 in 1Q 2022) First quarter 2023 results: EPS: ₱2.29 (up from ₱2.08 in 1Q 2022). Revenue: ₱3.26b (down 7.4% from 1Q 2022). Net income: ₱976.9m (up 10% from 1Q 2022). Profit margin: 30% (up from 25% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 03
Upcoming dividend of ₱0.75 per share at 5.4% yield Eligible shareholders must have bought the stock before 10 May 2023. Payment date: 29 May 2023. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 5.4%. Lower than top quartile of Filipino dividend payers (5.7%). Higher than average of industry peers (2.8%). Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: ₱8.62 (vs ₱3.61 in FY 2021) Full year 2022 results: EPS: ₱8.62 (up from ₱3.61 in FY 2021). Revenue: ₱13.7b (up 13% from FY 2021). Net income: ₱3.68b (up 139% from FY 2021). Profit margin: 27% (up from 13% in FY 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jan 31
Upcoming dividend of ₱0.75 per share at 5.3% yield Eligible shareholders must have bought the stock before 07 February 2023. Payment date: 27 February 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Filipino dividend payers (5.4%). Higher than average of industry peers (2.3%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ₱2.38 (vs ₱0.89 in 3Q 2021) Third quarter 2022 results: EPS: ₱2.38 (up from ₱0.89 in 3Q 2021). Revenue: ₱3.40b (up 8.9% from 3Q 2021). Net income: ₱1.02b (up 167% from 3Q 2021). Profit margin: 30% (up from 12% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Francisco Magsajo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Oct 26
Upcoming dividend of ₱0.75 per share Eligible shareholders must have bought the stock before 02 November 2022. Payment date: 21 November 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of Filipino dividend payers (5.9%). Higher than average of industry peers (2.6%). Ankündigung • Oct 21
Philippine Savings Bank Declares Regular Cash Dividend for the Third Quarter of 2022, Payable on 21 November 2022 The Board of Directors of Philippine Savings Bank, in its meeting held on 20 October 2022, passed a resolution declaring a 7.5% regular CashDividend for the third quarter of 2022 amounting to PHP 320.14 million equivalent to PHP 0.75 per share. This will be payable to all common stockholders as of the Record Date of 07 November 2022 and will be paid no later than the Payment Date of 21 November 2022. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: ₱2.22 (vs ₱1.03 in 2Q 2021) Second quarter 2022 results: EPS: ₱2.22 (up from ₱1.03 in 2Q 2021). Revenue: ₱3.44b (up 25% from 2Q 2021). Net income: ₱948.3m (up 115% from 2Q 2021). Profit margin: 28% (up from 16% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 26
Upcoming dividend of ₱0.75 per share Eligible shareholders must have bought the stock before 02 August 2022. Payment date: 22 August 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 5.3%. Within top quartile of Filipino dividend payers (5.1%). Higher than average of industry peers (1.5%). Ankündigung • Jul 22
Philippine Savings Bank Declares Regular Cash Dividend for the Second Quarter of 2022, Payable on 22 August 2022 The Board of Directors of Philippine Savings Bank, in its meeting held on 21 July 2022, passed a resolution declaring a 7.5% Regular Cash Dividend for the second quarter of 2022 amounting to PHP 320.14 million equivalent to PHP 0.75 per share. This will be payable to all common stockholders as of the Record Date of 05 August 2022 and will be paid no later than the Payment Date of 22 August 2022. Reported Earnings • May 14
First quarter 2022 earnings released: EPS: ₱2.08 (vs ₱1.03 in 1Q 2021) First quarter 2022 results: EPS: ₱2.08 (up from ₱1.03 in 1Q 2021). Revenue: ₱3.52b (up 32% from 1Q 2021). Net income: ₱887.7m (up 102% from 1Q 2021). Profit margin: 25% (up from 16% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Francisco Magsajo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Apr 26
Philippine Savings Bank Approves Cash Dividend for the First Quarter of 2022, Payable on May 25, 2022 The Board of Directors of Philippine Savings Bank, in its meeting held on April 25, 2022, passed a resolution declaring a 7.5% Regular Cash Dividend for the first quarter of 2022 amounting to PHP 320.14 million equivalent to PHP 0.75 per share. This will be payable to all common stockholders as of the Record Date of 11 May 2022 and will be paid no later than the Payment Date of 25 May 2022. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS ₱0.89 (vs ₱0.09 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₱3.12b (up 60% from 3Q 2020). Net income: ₱381.4m (up ₱344.6m from 3Q 2020). Profit margin: 12% (up from 1.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Oct 27
Upcoming dividend of ₱0.75 per share Eligible shareholders must have bought the stock before 03 November 2021. Payment date: 22 November 2021. Trailing yield: 5.2%. Within top quartile of Filipino dividend payers (4.0%). Higher than average of industry peers (1.0%). Upcoming Dividend • Jul 27
Upcoming dividend of ₱0.75 per share Eligible shareholders must have bought the stock before 03 August 2021. Payment date: 23 August 2021. Trailing yield: 5.2%. Within top quartile of Filipino dividend payers (4.2%). Higher than average of industry peers (1.1%). Reported Earnings • May 12
First quarter 2021 earnings released: EPS ₱1.03 (vs ₱1.59 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₱2.68b (down 11% from 1Q 2020). Net income: ₱438.5m (down 32% from 1Q 2020). Profit margin: 16% (down from 22% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improved over the past week After last week's 37% share price gain to ₱77.00, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 14x in the Mortgage industry in Asia. Total returns to shareholders of 28% over the past three years. Ankündigung • Apr 28
Philippine Savings Bank Approves Cash Dividend for the First Quarter of 2021, Payable on 26 May 2021 The Board of Directors of Philippine Savings Bank, in its meeting held on 26 April 2021, passed a resolution declaring a 7.5% Regular Cash Dividend for the first quarter of 2021 amounting to PHO 320.14 million equivalent to PHP 0.75 per share. This will be payable to all common stockholders as of the Record Date of 11 May 2021 and will be paid no later than the Payment Date of 26 May 2021. Reported Earnings • Mar 19
Full year 2020 earnings released: EPS ₱2.60 (vs ₱7.21 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱10.2b (down 18% from FY 2019). Net income: ₱1.11b (down 63% from FY 2019). Profit margin: 11% (down from 24% in FY 2019). Net interest margin (NIM): 7.26% (up from 5.82% in FY 2019). Cost-to-income ratio: 55.2% (down from 61.3% in FY 2019). Non-performing loans: 6.95% (up from 3.61% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Ankündigung • Jan 22
Philippine Savings Bank, Annual General Meeting, Apr 26, 2021 Philippine Savings Bank, Annual General Meeting, Apr 26, 2021, at 15:00 Singapore Standard Time. Is New 90 Day High Low • Jan 06
New 90-day high: ₱54.70 The company is up 6.0% from its price of ₱51.80 on 09 October 2020. The Filipino market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Mortgage industry, which is up 33% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: ₱54.25 The company is up 9.0% from its price of ₱49.95 on 18 September 2020. The Filipino market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Mortgage industry, which is up 39% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: ₱53.55 The company is up 8.0% from its price of ₱49.70 on 04 September 2020. The Filipino market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Mortgage industry, which is up 23% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS ₱0.09 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₱1.96b (down 40% from 3Q 2019). Net income: ₱36.8m (down 96% from 3Q 2019). Profit margin: 1.9% (down from 25% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 13% per year. Is New 90 Day High Low • Nov 12
New 90-day high: ₱53.50 The company is up 12% from its price of ₱47.70 on 14 August 2020. The Filipino market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Mortgage industry, which is up 26% over the same period. Is New 90 Day High Low • Oct 23
New 90-day high: ₱52.45 The company is up 10.0% from its price of ₱47.50 on 24 July 2020. The Filipino market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Mortgage industry, which is also up 10.0% over the same period. 