Earnings Alerts

Bank of the Philippine Islands (BPI) Earnings Surge: 3Q Net Income Hits 17.4B Pesos, Outpaces Expectations

By October 17, 2024 No Comments
  • BPI reported a third-quarter net income of 17.4 billion pesos.
  • Revenue for the third quarter reached 44.6 billion pesos, marking a 26% increase year-over-year.
  • This revenue surpassed estimates, which averaged 42.17 billion pesos from two analysts.
  • For the first nine months, BPI’s revenue totaled 125.8 billion pesos, showing a 25% increase compared to the previous year.
  • Net income for the first nine months amounted to 48 billion pesos.
  • Net interest income for the nine-month period was 93.8 billion pesos, reflecting a 22% rise year-over-year.
  • Earnings per share (EPS) increased to 9.10 pesos from 7.81 pesos in the same period last year.
  • The bank achieved a return on equity (ROE) of 15.9%.
  • The current investment analyst ratings include 17 buys, 4 holds, and no sells for BPI.

A look at Bank of the Philippine Islands Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience5
Momentum5
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Given the Smartkarma Smart Scores for Bank of the Philippine Islands, there is a positive long-term outlook for the company. With strong scores in Growth, Resilience, and Momentum, the bank is positioned well for future success. A high Growth score suggests potential for expansion and increasing profitability, while a top-notch Resilience score indicates the ability to weather economic uncertainties. The Momentum score reflects the company’s current upward trend and market momentum, which can attract more investors in the long run.

Bank of the Philippine Islands, a provider of commercial banking services, has a balanced overall outlook based on its Smart Scores. While Value and Dividend scores are moderate, the higher scores in Growth, Resilience, and Momentum outweigh any potential concerns. Investors looking for a stable yet promising option in the banking sector may find Bank of the Philippine Islands an attractive choice for long-term investment.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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