BDO Unibank Inc. reported a net income of ₱20.1 billion in the first quarter of 2026, up 2% from ₱19.7 billion in the same period last year, driven by sustained growth in its core businesses.

The bank posted solid operational performance, with gross loans rising 16% to ₱3.8 trillion on broad-based expansion across all market segments. Net interest income grew by 11%, while total deposits increased by 15%, supported by steady gains in current and savings accounts.

Non-interest income also rose by 6%, with insurance operations posting a 27% increase.

Asset quality continued to improve, as the non-performing loan (NPL) ratio declined to 1.68% from 1.77% a year earlier, with coverage at 132%.

BDO said its earnings were partly tempered by higher provisions, as it builds reserves in response to evolving global risks.

Meanwhile, the bank maintained a strong capital position, with a Common Equity Tier 1 ratio of 13.3% and book value per share increasing 8% to ₱119.36.

The lender said its diversified portfolio and strong financial standing position it for sustained growth amid a dynamic operating environment.