- BDO Unibank’s net income for the fiscal year reached 73.4 billion pesos, marking a 29% increase from the previous year.
- The bank’s net income met the estimated figure of 72.77 billion pesos.
- Net interest income surpassed estimates, coming in at 186.4 billion pesos against an expected 183.03 billion pesos.
- The ratio of non-performing loans stood at 1.85%.
- The return on common equity increased to 15.2% in 2023, up from 13% in 2022.
- Gross customer loans rose by 9% to a total of 2.85 trillion pesos.
- Total deposits also increased, rising by 11% to reach 3.57 trillion pesos.
- The non-performing loan cover stood at a strong 185%.
- Pre-provision operating profit saw a significant increase, rising 27% to reach 113.6 billion pesos.
- Market sentiments towards the bank remained largely positive, with 16 buys, 3 holds, and 1 sell.
A look at BDO Unibank Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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
BDO Unibank Inc, the leading banking institution in the Philippines, is expected to have a positive long-term outlook based on its Smartkarma Smart Scores. With a score of 3 for value, the company is deemed to have a solid financial standing and is considered a good investment. Its dividend score of 2 indicates that the company offers moderate returns to its shareholders. Furthermore, BDO Unibank Inc received a score of 4 for growth, highlighting its potential for expansion and profitability, and a score of 5 for resilience, indicating its ability to withstand market fluctuations and economic downturns. With a momentum score of 4, the company is also expected to have steady growth in the future.
As the leading provider of banking services in the Philippines, BDO Unibank Inc has a strong presence in the local market. The company offers a wide range of services such as savings accounts, loans, credit and debit cards, remittance, insurance, and trade financing, catering to the diverse needs of its customers. With its favorable Smartkarma Smart Scores, BDO Unibank Inc is well-positioned to continue its growth and maintain its position as a reliable and resilient financial institution in the long run.
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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