Philippine Business Bank Past Earnings Performance

Past criteria checks 5/6

Philippine Business Bank has been growing earnings at an average annual rate of 8.6%, while the Banks industry saw earnings growing at 13.2% annually. Revenues have been growing at an average rate of 8.5% per year. Philippine Business Bank's return on equity is 10.1%, and it has net margins of 28.1%.

Key information

8.6%

Earnings growth rate

5.4%

EPS growth rate

Banks Industry Growth	13.5%
Revenue growth rate	8.5%
Return on equity	10.1%
Net Margin	28.1%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

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

Earnings and Revenue History

PSE:PBB Revenue, expenses and earnings (PHP Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	6,349	1,784	2,574
30 Sep 23	6,240	1,491	2,471
30 Jun 23	6,195	1,521	2,402
31 Mar 23	5,970	1,371	2,336
31 Dec 22	5,656	1,193	2,272
30 Sep 22	5,631	1,172	2,274
30 Jun 22	5,604	1,146	2,284
31 Mar 22	5,569	1,318	2,282
31 Dec 21	5,315	1,168	2,190
30 Sep 21	3,829	447	2,096
30 Jun 21	4,090	668	2,042
31 Mar 21	4,117	705	1,996
31 Dec 20	4,461	939	2,068
30 Sep 20	5,348	1,330	2,130
30 Jun 20	5,233	1,274	2,122
31 Mar 20	5,062	1,202	2,089
31 Dec 19	4,677	1,058	1,984
30 Sep 19	4,591	1,272	1,904
30 Jun 19	4,223	1,089	1,806
31 Mar 19	3,991	928	1,736
31 Dec 18	3,840	858	1,715
30 Sep 18	3,681	810	1,650
30 Jun 18	3,388	648	1,741
31 Mar 18	3,299	662	1,637
31 Dec 17	3,166	640	1,529
30 Sep 17	2,912	360	1,703
30 Jun 17	3,076	590	1,478
31 Mar 17	2,967	587	1,427
31 Dec 16	2,887	589	1,389
30 Sep 16	2,840	700	1,307
30 Jun 16	2,623	542	1,252
31 Mar 16	2,569	523	1,223
31 Dec 15	2,486	502	1,195
30 Sep 15	2,476	464	1,148
30 Jun 15	2,503	516	1,098
31 Mar 15	2,446	502	1,081
31 Dec 14	2,352	474	1,052
30 Sep 14	2,249	482	970
30 Jun 14	2,099	468	953
31 Mar 14	2,026	524	909
31 Dec 13	2,493	1,004	924
30 Sep 13	2,408	933	901
30 Jun 13	2,250	852	857

Quality Earnings: PBB has high quality earnings.

Growing Profit Margin: PBB's current net profit margins (28.1%) are higher than last year (21.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: PBB's earnings have grown by 8.6% per year over the past 5 years.

Accelerating Growth: PBB's earnings growth over the past year (49.6%) exceeds its 5-year average (8.6% per year).

Earnings vs Industry: PBB earnings growth over the past year (49.6%) exceeded the Banks industry 28.9%.

Return on Equity

High ROE: PBB's Return on Equity (10.1%) is considered low.

Return on Assets

Return on Capital Employed

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Philippine Business Bank Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

Full year 2023 earnings released: EPS: ₱2.23 (vs ₱1.85 in FY 2022)

Third quarter 2023 earnings released: EPS: ₱0.15 (vs ₱0.48 in 3Q 2022)

Second quarter 2023 earnings released: EPS: ₱0.42 (vs ₱0.29 in 2Q 2022)

Full year 2022 earnings released: EPS: ₱1.85 (vs ₱1.82 in FY 2021)

Third quarter 2022 earnings released: EPS: ₱0.33 (vs ₱0.43 in 3Q 2021)

Second quarter 2022 earnings released: EPS: ₱0.30 (vs ₱0.57 in 2Q 2021)

Recent updates

Philippine Business Bank, Inc., Annual General Meeting, May 31, 2024

Full year 2023 earnings released: EPS: ₱2.23 (vs ₱1.85 in FY 2022)

Insider recently sold ₱69k worth of stock

Vice Chairman recently bought ₱989k worth of stock

Insider recently bought ₱278k worth of stock

Philippine Business Bank, Inc. Announces Promotion of Ms. Nancy L. Soriano from Assistant Vice President to Senior Assistant Vice President

Insider recently bought ₱485k worth of stock

Third quarter 2023 earnings released: EPS: ₱0.15 (vs ₱0.48 in 3Q 2022)

Now 24% undervalued after recent price drop

Vice Chairman recently bought ₱355k worth of stock

Vice Chairman recently bought ₱220k worth of stock

Vice Chairman recently bought ₱356k worth of stock

Second quarter 2023 earnings released: EPS: ₱0.42 (vs ₱0.29 in 2Q 2022)

Philippine Business Bank, Inc. Announces Management Changes

Philippine Business Bank, Inc. Approves Cash Dividends, Payable on August 15, 2023

Philippine Business Bank, Inc. Announces Executive Changes

Vice Chairman recently bought ₱543k worth of stock

Philippine Business Bank, Inc. Approves the Revision of its Dividend Policy

Vice Chairman recently bought ₱256k worth of stock

Independent Director recently bought ₱497k worth of stock

Full year 2022 earnings released: EPS: ₱1.85 (vs ₱1.82 in FY 2021)

Now 20% undervalued after recent price drop

Vice Chairman recently bought ₱1.8m worth of stock

Vice Chairman recently bought ₱973k worth of stock

Philippine Business Bank, Inc. has completed a Follow-on Equity Offering in the amount of PHP 1.25 billion.

Senior VP recently bought ₱726k worth of stock

Senior VP recently bought ₱228k worth of stock

Senior VP recently bought ₱959k worth of stock

Philippine Business Bank, Inc. Appoints Cynthia A. Almirez as Chief Operations Officer

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: ₱0.33 (vs ₱0.43 in 3Q 2021)

Philippine Business Bank, Inc. Announces Executive Changes

Vice Chairman recently bought ₱403k worth of stock

Philippine Business Bank, Inc. Announces Executive Changes

Philippine Business Bank Announces Executive Changes

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: ₱0.30 (vs ₱0.57 in 2Q 2021)

Vice Chairman recently bought ₱650k worth of stock

Philippine Business Bank, Inc. Announces Board Changes

Vice Chairman recently bought ₱330k worth of stock

Philippine Business Bank, Inc. Approves Appointment of Marily M. Cabuco as Senior Vice President

Vice Chairman recently bought ₱340k worth of stock

Vice Chairman recently bought ₱360k worth of stock

Full year 2021 earnings released: EPS: ₱1.80 (vs ₱1.46 in FY 2020)

Less than half of directors are independent

Philippine Business Bank, Inc. Announces Management Changes, Effective March 1, 2022

Investor sentiment improved over the past week

Vice Chairman recently bought ₱481k worth of stock

Vice Chairman recently bought ₱183k worth of stock

Third quarter 2021 earnings released: EPS ₱0.44 (vs ₱0.78 in 3Q 2020)

Second quarter 2021 earnings released: EPS ₱0.57 (vs ₱0.62 in 2Q 2020)

Vice Chairman recently bought ₱326k worth of stock

Senior VP, Chief Risk Officer & Head of Enterprise Risk Management Group has left the company

First quarter 2021 earnings released: EPS ₱0.25 (vs ₱0.61 in 1Q 2020)

VP & Chief Compliance Officer has left the company

Independent Director has left the company

Full year 2020 earnings released: EPS ₱1.46 (vs ₱1.64 in FY 2019)

Senior EVP, Chief Marketing Officer & Head of Retail Banking Group has left the company

Philippine Business Bank, Inc. Announces Executive Changes

First VP, Chief Compliance Officer & Head of Compliance Center has left the company

Philippine Business Bank, Inc. Announces Executive Changes

Vice Chairman recently bought ₱983k worth of stock

Investor sentiment improved over the past week

New 90-day high: ₱10.04

New 90-day high: ₱9.92

New 90-day low - ₱7.88

Earnings released

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Revenue & Expenses Breakdown
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