Bank of the Philippine Islands Past Earnings Performance

Past criteria checks 5/6

Bank of the Philippine Islands has been growing earnings at an average annual rate of 20.8%, while the Banks industry saw earnings growing at 17.8% annually. Revenues have been growing at an average rate of 15% per year. Bank of the Philippine Islands's return on equity is 14.1%, and it has net margins of 38.7%.

Key information

20.8%

Earnings growth rate

20.7%

EPS growth rate

Banks Industry Growth	13.5%
Revenue growth rate	15.0%
Return on equity	14.1%
Net Margin	38.7%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Bank of the Philippine Islands makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

PSE:BPI Revenue, expenses and earnings (PHP Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	157,581	61,052	56,457
30 Jun 24	149,086	57,098	53,992
31 Mar 24	141,810	54,816	50,673
31 Dec 23	134,499	51,687	49,357
30 Sep 23	127,273	47,679	45,781
30 Jun 23	120,303	44,312	43,935
31 Mar 23	117,211	43,755	42,444
31 Dec 22	109,357	39,605	40,682
30 Sep 22	102,857	36,952	37,164
30 Jun 22	95,296	32,510	36,397
31 Mar 22	86,424	26,863	36,025
31 Dec 21	84,270	23,880	35,508
30 Sep 21	79,559	21,923	34,686
30 Jun 21	78,619	21,760	34,153
31 Mar 21	74,073	20,236	33,517
31 Dec 20	73,923	21,620	33,415
30 Sep 20	76,009	23,862	32,719
30 Jun 20	81,200	26,661	32,951
31 Mar 20	86,274	28,383	33,127
31 Dec 19	86,700	28,761	33,597
30 Sep 19	85,986	28,099	33,241
30 Jun 19	80,713	25,789	32,099
31 Mar 19	76,918	23,553	31,630
31 Dec 18	71,901	22,952	28,348
30 Sep 18	69,153	22,378	29,390
30 Jun 18	67,897	21,751	28,520
31 Mar 18	67,243	22,411	27,073
31 Dec 17	67,225	22,416	26,456
30 Sep 17	68,333	21,721	25,743
30 Jun 17	66,001	21,072	24,877
31 Mar 17	68,028	23,325	25,342
31 Dec 16	61,751	22,050	24,763
30 Sep 16	64,325	21,771	24,510
30 Jun 16	63,799	21,557	24,336
31 Mar 16	59,086	18,297	23,136
31 Dec 15	58,538	18,234	22,960
30 Sep 15	59,257	19,077	22,895
30 Jun 15	58,989	19,356	22,691
31 Mar 15	58,165	19,351	22,530
31 Dec 14	56,011	18,039	22,202
30 Sep 14	52,416	15,850	21,653
30 Jun 14	49,923	14,817	21,017
31 Mar 14	48,078	14,046	20,042
31 Dec 13	52,847	18,811	20,027

Quality Earnings: BPI has high quality earnings.

Growing Profit Margin: BPI's current net profit margins (38.7%) are higher than last year (37.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BPI's earnings have grown significantly by 20.8% per year over the past 5 years.

Accelerating Growth: BPI's earnings growth over the past year (28.1%) exceeds its 5-year average (20.8% per year).

Earnings vs Industry: BPI earnings growth over the past year (28.1%) exceeded the Banks industry 17.5%.

Bank of the Philippine Islands Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Full year 2023 earnings: EPS exceeds analyst expectations

Full year 2023 earnings released: EPS: ₱10.45 (vs ₱8.05 in FY 2022)

Third quarter 2023 earnings released: EPS: ₱2.72 (vs ₱2.05 in 3Q 2022)

Recent updates

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Insider recently sold ₱5.0m worth of stock

Insider recently sold ₱1.4m worth of stock

New minor risk - Insider selling

Insider recently sold ₱839k worth of stock

Insider recently sold ₱2.8m worth of stock

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Insider recently sold ₱1.9m worth of stock

Insider recently sold ₱968k worth of stock

Now 22% overvalued after recent price rise

President recently bought ₱1.5m worth of stock

Upcoming dividend of ₱1.98 per share

Now 21% overvalued after recent price rise

Dividend increased to ₱1.98

Bank of the Philippine Islands Approves Cash Dividend, Payable on June 28, 2024

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Bank of the Philippine Islands Announces Board Changes

Now 20% overvalued after recent price rise

GoTyme Financial Pte. Ltd. and Giga Investment Holdings, Pte. Ltd. agreed to acquire 15% stake in GoTyme Bank Corporation from Bank of the Philippine Islands (PSE:BPI) for PHP 900 million.

Now 20% overvalued after recent price rise

Full year 2023 earnings: EPS exceeds analyst expectations

Insider recently sold ₱2.8m worth of stock

Insider recently sold ₱1.2m worth of stock

Insider recently sold ₱812k worth of stock

Full year 2023 earnings released: EPS: ₱10.45 (vs ₱8.05 in FY 2022)

Now 20% overvalued after recent price rise

Insider recently sold ₱2.7m worth of stock

Insider recently bought ₱5.2m worth of stock

Bank of the Philippine Islands (PSE:BPI) completed the acquisition of Robinsons Bank Corporation from JG Summit Capital Services Corporation and Robinsons Retail Holdings, Inc. (PSE:RRHI), Ignacio Mamaril, Jr., Vicente Pang and other minority shareholders.

New minor risk - Shareholder dilution

Bank of the Philippine Islands, Annual General Meeting, Apr 23, 2024

Insider recently sold ₱2.1m worth of stock

New minor risk - Insider selling

Upcoming dividend of ₱1.68 per share at 3.2% yield

Bank of the Philippine Islands Approves Cash Dividend, Payable on December 22, 2023

Third quarter 2023 earnings released: EPS: ₱2.72 (vs ₱2.05 in 3Q 2022)

Lead Independent Director recently sold ₱15m worth of stock

Bank of the Philippine Islands Announces Board Changes

Bank of the Philippine Islands Announces Resignation of Romeo L. Bernardo as Director, effective 12 September 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Insider recently sold ₱556k worth of stock

Insider recently sold ₱580k worth of stock

Insider recently bought ₱1.8m worth of stock

Bank of the Philippine Islands Approves the Appointment of Karl Kendrick T. Chua as an Additional Member of the Retirement/Pension Committee

Insider recently sold ₱319k worth of stock

First quarter 2023 earnings released: EPS: ₱2.68 (vs ₱1.62 in 1Q 2022)

Insider recently sold ₱272k worth of stock

Insider recently sold ₱544k worth of stock

Full year 2022 earnings released: EPS: ₱8.78 (vs ₱5.29 in FY 2021)

Insider recently sold ₱105k worth of stock

Bank of the Philippine Islands Announces Executive Changes

Consensus EPS estimates increase by 12%

Insider recently sold ₱1.1m worth of stock

Insider recently sold ₱1.1m worth of stock

Insider recently sold ₱586k worth of stock

Insider recently sold ₱344k worth of stock

Bank of the Philippine Islands, Annual General Meeting, Apr 27, 2023

Non-Executive Director recently sold ₱12m worth of stock

Insider recently sold ₱216k worth of stock

Bank of the Philippine Islands Declares Cash Dividend for the Second Semester of 2022, Payable on December 23, 2022

Third quarter 2022 earnings released: EPS: ₱2.24 (vs ₱1.25 in 3Q 2021)

Consensus forecasts updated

Insider recently bought ₱240k worth of stock

Bank of the Philippine Islands Announces Executive Changes

Bank of the Philippine Islands Announces Resignation of Fernando Zobel De Ayala as Director

Insider recently sold ₱175k worth of stock

Insider recently bought ₱765k worth of stock

Bank of the Philippine Islands Announces Board Changes

Bank of the Philippine Islands Announces Board Changes