BankCom sustains growth streak with P3.54B

Bank of Commerce (BankCom) posted a record net income of P3.54 billion in 2025, jumping 17 percent from a year earlier.

The affiliate bank of San Miguel Corp. said on Wednesday this marked its third straight year of record earnings since its 2022 listing.

Steady expansion in core revenue streams, particularly net interest income, alongside gains from trading and foreign exchange activities, drove last year’s strong performance.

Net interest income rose 18 percent to P10.78 billion while gross revenues increased 17 percent to P12.61 billion.

Profitability indicators also improved, with return on equity climbing to 10.14 percent— the highest in 16 years. Return on assets rose to 1.28 percent.

The bank’s net interest margin reached 4.35 percent while its cost-to-income ratio improved to 59 percent, reflecting disciplined spending.

Asset quality remained sound with the net non-performing loan ratio at 0.62 percent.

Capital adequacy ratio stood at 16.48 percent, well above regulatory requirements.

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BankCom’s total assets grew 8 percent to P286.85 billion, supported by a 19-percent increase in loans and receivables to P162.82 billion.

Deposits rose 5 percent to P223.31 billion. This was attributed to higher current account and savings account balances and targeted marketing campaigns.

Operating expenses increased 11 percent to P7.42 billion due to continued investments in manpower and technology to support expansion.

Despite higher costs, BankCom said disciplined expense management helped sustain profitability and improve efficiency ratios.