UnionBank recorded a net income of Php2.6 billion in the first quarter of 2022. This translated to a return on equity of 9.2%.

The Bank’s recurring income grew 21% vs. the same period last year as net interest income  increased by 12% to Php8.1 billion and fee-based income more than doubled to Php1.4 billion. Net  Income, however, was lower by 45% due to extraordinary trading gains recorded in 1Q2021.  

The year-on-year (YoY) growth in recurring income was attributable to the following: 1) Net  interest margin improved by 6bps to 4.6% brought about by higher yields in earning assets,  coupled by lower cost of funds from the expansion of our CASA deposits; and 2) Fee-based income  came from the growth of InstaPay charges and interchange fees. Higher foreign exchange income  (up 53% YoY to Php369.5 million) also boosted our topline revenues.  

RCBC Net Income for 2017 at P4.3 billion, up 11%

Rizal Commercial Banking Corporation posted an unaudited consolidated Net Income of P4.3 billion for the year ended 2017, 11.4% higher than the P3.9 billion reported in 2016.

Net income in the fourth quarter alone grew by 146% to P904 million compared to P368 million in the same period last year driven by a 27% growth in Net Interest Income and a 19% growth in Non-Interest Income.

Globe leads industry performance - Q1 net income up 43% YoY

Globe Telecom continues to post record numbers during the first three months of 2015, registering an impressive financial performance, highlighted by solid top-line growth, and EBITDA and NIAT at all-time high figures.

In its latest disclosure during the First Quarter Analysts’ Briefing, Globe officials revealed that the company generated P26.2 billion consolidated service revenues, 13% higher than 2014, while EBITDA level was at P11 billion, up 25% year-on -year. Its core net income was at P4.2 billion, a 25% rise compared to last year.