New Risk • May 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.3% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change). Board Change • May 19
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 not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Chairman Hermogenes Esperon was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 16
Full year 2025 earnings released: EPS: ₱0.27 (vs ₱0.61 in FY 2024) Full year 2025 results: EPS: ₱0.27 (down from ₱0.61 in FY 2024). Revenue: ₱3.86b (down 9.9% from FY 2024). Net income: ₱269.9m (down 56% from FY 2024). Profit margin: 7.0% (down from 14% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 8% per year. Annonce • Feb 24
Philippine Trust Company, Annual General Meeting, May 26, 2026 Philippine Trust Company, Annual General Meeting, May 26, 2026, at 08:01 W. Australia Standard Time. Board Change • Feb 19
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 not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Chairman Hermogenes Esperon was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Dec 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.7% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Board Change • Nov 24
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 not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Chairman Hermogenes Esperon was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 23
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 not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Chairman Hermogenes Esperon was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 29
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 not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Chairman Hermogenes Esperon was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Aug 26
Philippine Trust Company Announces Appointment of Arlene O. Lazarte as Chief Risk Officer, Effective September 1, 2025 The Board of Directors of Philippine Trust Company at its meeting held on August 26, 2025, approved the appointment of Ms. Arlene O. Lazarte as Chief Risk Officer effective September 1, 2025. Ms. Lazarte is a Certified Public Accountant. She has vast experience in international and domestic banks/companies. She was the Chief Risk Officer of Mega International Commercial Bank, Head of Risk Management of PNB Mizuho
Leasing, Chief Risk Officer of Bank of Makati and held various positions in Rizal Commercial Bank Corporation. She currently serves as Acting Chief Risk Officer of the Bank. Board Change • Aug 20
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 not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Chairman Hermogenes Esperon was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 01
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Chairman Hermogenes Esperon was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 28
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Chairman Hermogenes Esperon was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • May 05
Philippine Trust Company Announces the Passing of FVP and Chief Risk Officer Joseph F. Monzon, Cessation Date Is April 28, 2025 The Directors, Officers, and Staff of the Philippine Trust Company, also known as Philtrust Bank, announced the passing of their highly efficient FVP and Chief Risk Officer, Mr. Joseph F. Monzon, on April 28, 2025. Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: ₱0.10 (vs ₱0.13 in 1Q 2024) First quarter 2025 results: EPS: ₱0.10 (down from ₱0.13 in 1Q 2024). Revenue: ₱1.00b (down 3.8% from 1Q 2024). Net income: ₱101.5m (down 20% from 1Q 2024). Profit margin: 10% (down from 12% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Board Change • Apr 29
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Chairman Hermogenes Esperon was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 06
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Chairman Hermogenes Esperon was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Feb 27
Philippine Trust Company, Annual General Meeting, May 27, 2025 Philippine Trust Company, Annual General Meeting, May 27, 2025, at 08:01 W. Australia Standard Time. Location: tba, Philippines New Risk • Feb 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Board Change • Feb 06
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Chairman Hermogenes Esperon was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 09
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Chairman Hermogenes Esperon was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ₱0.10 (vs ₱0.46 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.10 (down from ₱0.46 in 3Q 2023). Revenue: ₱987.5m (down 30% from 3Q 2023). Net income: ₱102.6m (down 78% from 3Q 2023). Profit margin: 10% (down from 32% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to ₱85.40, the stock trades at a trailing P/E ratio of 75.1x. Average trailing P/E is 6x in the Banks industry in Philippines. Total loss to shareholders of 14% over the past three years. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: ₱0.13 (vs ₱0.08 in 2Q 2023) Second quarter 2024 results: EPS: ₱0.13 (up from ₱0.08 in 2Q 2023). Revenue: ₱1.14b (up 23% from 2Q 2023). Net income: ₱130.4m (up 54% from 2Q 2023). Profit margin: 11% (up from 9.1% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 14% per year. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: ₱0.13 (vs ₱0.065 in 1Q 2023) First quarter 2024 results: EPS: ₱0.13 (up from ₱0.065 in 1Q 2023). Revenue: ₱1.04b (up 9.6% from 1Q 2023). Net income: ₱127.3m (up 95% from 1Q 2023). Profit margin: 12% (up from 6.9% 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 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 16
Full year 2023 earnings released: EPS: ₱1.03 (vs ₱0.74 in FY 2022) Full year 2023 results: EPS: ₱1.03 (up from ₱0.74 in FY 2022). Revenue: ₱4.90b (up 31% from FY 2022). Net income: ₱1.03b (up 38% from FY 2022). Profit margin: 21% (up from 20% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annonce • Mar 21
Philippine Trust Company Appoints Bryan Joseph A. Lopez as Chief Technology Officer, Effective from April 3, 2024 Philippine Trust Company announced in its meeting held March 19, 2024 approved appointment of Mr. Bryan Joseph A. Lopez as Chief Technology Officer of EIS Department effective April 3, 2024 was approved by the Board of Directors on March 19, 2024. Mr. Lopez is currently with EDM IT Web Solutions OPC as Sr. Technical Project Manager. He was AVP/Project Manager of BDO Unibank Inc., Head of Project Management Office of Philtrust Bank, Developer/System Analyst of H2 Software Consulting Services, and Systems Programmer of IBM Philippines. He graduated from FEU East Asia College with a Bachelor's Degree in Computer Science/Information Technology, with asupplemental degree in Education. Annonce • Jan 30
Philippine Trust Company, Annual General Meeting, May 21, 2024 Philippine Trust Company, Annual General Meeting, May 21, 2024, at 08:00 Singapore Standard Time. Annonce • Jun 07
Philippine Trust Company Announces Appointment of Asst. Corporate Secretary Philippine Trust Company at Board and Management Committees effective June 1, 2023 approved the election of Atty. Agnes B. Urbano and Atty. Renniel C. Mailom as Asst. Corporate Secretary. Reported Earnings • Apr 25
Full year 2022 earnings released: EPS: ₱0.75 (vs ₱0.83 in FY 2021) Full year 2022 results: EPS: ₱0.75 (down from ₱0.83 in FY 2021). Revenue: ₱3.75b (up 7.9% from FY 2021). Net income: ₱745.3m (down 9.8% from FY 2021). Profit margin: 20% (down from 24% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ₱0.29 (vs ₱0.21 in 3Q 2021) Third quarter 2022 results: EPS: ₱0.29 (up from ₱0.21 in 3Q 2021). Revenue: ₱1.02b (up 18% from 3Q 2021). Net income: ₱291.6m (up 38% from 3Q 2021). Profit margin: 28% (up from 24% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annonce • Aug 24
Philippine Trust Company Announces Board Changes Philippine Trust Company announced that during the regular meeting of the board of directors held on August 23, 2022, the board elected Mr. Hermogenes C. Esperon, Jr. and Dr. Beatrice Jane L. Ang as independent directors of the bank vice Mr. Lope M. Yuvienco and Atty. Daniel Y. Laogan. The board likewise elected Mr. Esperon as chairman of the board vice Dr. Jaime C. Laya who earlier resigned as chairman and was in turn elected vice chairman. Effective date is August 23, 2022. Mr. Hermogenes C. Esperon, Jr. as Chairman of the Corporate Governance, Nominations and Remuneration Committee; and Member of the Audit, the Related Party Transactions and the Executive Committees. Dr. Beatrice Jane L. Ang as Chairman of the Audit Commitee; and Member of the Board Risk Oversight and the Corporate Governance, Nomination and Remuneration Committees. Mrs. Maria Georgina P. De Venecia as Chairman of the Related Party Transactions Committee. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: ₱0.20 (vs ₱0.18 in 2Q 2021) Second quarter 2022 results: EPS: ₱0.20 (up from ₱0.18 in 2Q 2021). Revenue: ₱874.8m (up 14% from 2Q 2021). Net income: ₱199.8m (up 11% from 2Q 2021). Profit margin: 23% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • Jun 29
Philippine Trust Company Announces Resignation of Daniel Y. Laogan as Independent Director Philippine Trust Company announced that Daniel Y. Laogan as Independent Director, due to personal reasons. Effective date of resignation is June 28, 2022. Reported Earnings • May 11
Full year 2021 earnings released: EPS: ₱0.83 (vs ₱0.95 in FY 2020) Full year 2021 results: EPS: ₱0.83 (down from ₱0.95 in FY 2020). Revenue: ₱3.47b (down 17% from FY 2020). Net income: ₱826.3m (down 13% from FY 2020). Profit margin: 24% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annonce • Mar 31
Philippine Trust Company, Annual General Meeting, May 31, 2022 Philippine Trust Company, Annual General Meeting, May 31, 2022, at 08:00 Singapore Standard Time. Location: Philtrust Bank Building, 1000 United Nations Avenue corner San Marcelino Street Manilla Philippines Reported Earnings • May 21
Full year 2020 earnings released: EPS ₱0.95 (vs ₱0.78 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱3.98b (up 11% from FY 2019). Net income: ₱948.5m (up 22% from FY 2019). Profit margin: 24% (up from 22% in FY 2019). The increase in margin was driven by higher revenue. 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 4% per year, which means it has not declined as severely as earnings. Executive Departure • Apr 20
Non-Executive Independent Director has left the company On the 16th of April, Armando Suratos' tenure as Non-Executive Independent Director ended after 1.6 years in the role. We don't have any record of a personal shareholding under Armando's name. A total of 3 executives have left over the last 12 months. Executive Departure • Apr 09
Non-Executive Director has left the company On the 30th of March, Rosalinda Gaw's tenure as Non-Executive Director ended after 4.9 years in the role. As of December 2020, Rosalinda personally held 6.40m shares (₱768m worth at the time). A total of 2 executives have left over the last 12 months. Annonce • Feb 24
Philippine Trust Company, Annual General Meeting, May 25, 2021 Philippine Trust Company, Annual General Meeting, May 25, 2021, at 08:00 Singapore Standard Time. Location: Philtrust Bank Building, 1000 United Nations Avenue corner San Marcelino Street Manila Philippines Is New 90 Day High Low • Dec 30
New 90-day high: ₱120 The company is up 12% from its price of ₱107 on 01 October 2020. The Filipino market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 08
New 90-day low: ₱95.00 The company is down 10.0% from its price of ₱105 on 09 September 2020. The Filipino market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 25% over the same period. Reported Earnings • Nov 22
Third quarter 2020 earnings released: EPS ₱0.40 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₱1.15b (up 28% from 3Q 2019). Net income: ₱400.1m (up 43% from 3Q 2019). Profit margin: 35% (up from 31% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. 