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PBCOM's net profit rose 66.9% yoy to PHP 399 mil in 3Q2019

By Helgi Library - February 20, 2020

PBCOM made a net profit of PHP 399 mil in the third quarter of 2019, up 66.9% when compared to the same period of last year. ...

PBCOM's net profit rose 66.9% yoy to PHP 399 mil in 3Q2019

By Helgi Library - February 20, 2020

PBCOM made a net profit of PHP 399 mil in the third quarter of 2019, up 66.9% when compared to the same period of last year. ...

PBCOM's customer deposits rose 11.9% yoy to PHP 63,384 mil in 3Q2016

By Helgi Library - February 20, 2020

PBCOM's customer deposits reached PHP 63,384 mil in 2016-09-30, down 3.27% compared to the previous year. Filipino banking sect...

Profit Statement 2016 2017 2018
Net Interest Income PHP mil 2,596 2,902 3,114
Net Fee Income PHP mil 230 270 283
Other Income PHP mil 1,221 849 977
Total Revenues PHP mil 4,047 4,021 4,374
Staff Cost PHP mil 1,181 1,163 1,153
Operating Profit PHP mil 1,272 1,053 1,225
Provisions PHP mil 478 339 268
Net Profit PHP mil 400 392 618
Balance Sheet 2016 2017 2018
Interbank Loans PHP mil 3,307 1,701 587
Customer Loans PHP mil 41,211 53,353 60,079
Total Assets PHP mil 86,499 95,044 103,749
Shareholders' Equity PHP mil 10,782 9,943 10,326
Interbank Borrowing PHP mil 10,099 12,567 17,659
Customer Deposits PHP mil 63,146 70,736 74,029
Issued Debt Securities PHP mil 0 0 0
Ratios 2016 2017 2018
ROE % 4.06 3.78 6.10
ROA % 0.492 0.432 0.621
Costs (As % Of Assets) % 3.41 3.27 3.17
Costs (As % Of Income) % 68.6 73.8 72.0
Capital Adequacy Ratio % 14.7 15.9 14.6
Net Interest Margin % 3.19 3.20 3.13
Loans (As % Of Deposits) % 65.3 75.4 81.2
NPLs (As % Of Loans) % 6.14 4.70 4.19
Provisions (As % Of NPLs) % 96.9 97.8 94.3
Valuation 2016 2017 2018
Price/Earnings (P/E) 18.2 29.4 15.7
Price/Book Value (P/BV) 0.686 1.16 0.940
Dividend Yield % 0 0 0
Earnings Per Share (EPS) PHP 1.36 0.816 1.29
Book Value Per Share PHP 36.0 20.7 21.5
Dividend Per Share PHP 0 0 0

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summary Unit 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                                        
Net Interest Income PHP mil                                           1,505 1,718 1,942 2,326 2,596    
Total Revenues PHP mil                                           2,759 3,739 2,717 3,284 4,047    
Operating Profit PHP mil                                           1,155 1,344 -57.2 357 1,272    
Net Profit PHP mil                                           985 1,633 111 203 400    
balance sheet                                                        
Interbank Loans PHP mil                                           1,881 864 2,469 2,238 3,307    
Customer Loans PHP mil                                           11,082 17,676 27,333 30,840 41,211    
Debt Securities PHP mil                                           23,751 29,716 18,709 20,607 19,161    
Total Assets PHP mil                                           45,831 62,599 71,936 76,076 86,499    
Shareholders' Equity PHP mil                                           4,392 4,074 7,218 8,924 10,782    
Interbank Borrowing PHP mil                                           1,187 9,458 3,425 6,482 10,099    
Customer Deposits PHP mil                                           31,356 47,281 59,118 58,302 63,146    
Issued Debt Securities PHP mil                                           6,637 0 0 0 0    
ratios                                                        
ROE % ...                                         25.2 38.6 1.97 2.52 4.06    
ROA % ...                                         2.26 3.01 0.165 0.275 0.492    
Costs (As % Of Assets) % ...                                         3.68 4.42 4.12 3.95 3.41    
Costs (As % Of Income) %                                           58.1 64.0 102 89.1 68.6    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ...   ... ... ...             20.4 16.2 15.9 15.0 14.7    
Net Interest Margin % ...                                         3.45 3.17 2.89 3.14 3.19    
Interest Income (As % Of Revenues) %                                           54.5 45.9 71.5 70.8 64.2    
Fee Income (As % Of Revenues) %                             ... ... ...         6.12 6.36 9.74 8.59 5.68    
Staff Cost (As % Of Total Cost) %                                           44.1 45.1 49.2 45.9 42.6    
Equity (As % Of Assets) %                                           9.58 6.51 10.0 11.7 12.5    
Loans (As % Of Deposits) %                                           35.3 37.4 46.2 52.9 65.3    
Loans (As % Assets) %                                           24.2 28.2 38.0 40.5 47.6    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ...             ... ...       9.71 6.33 6.68 7.40 6.14    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ...             ... ...       179 155 95.0 88.8 96.9    
valuation                                                        
Market Capitalisation (End Of Period) USD mil                   ... ...       ...             92.2 426 344 231 239    
Number Of Shares (Average) mil                 ... ... ... ...     ...             278 278 300 300 300    
Share Price (End Of Period) PHP                                           72.0 68.0 32.0 22.5 24.7    
Earnings Per Share (EPS) PHP                 ... ... ...       ...             3.22 5.16 -0.456 -1.52 1.36    
Book Value Per Share PHP                 ... ... ... ...     ...             15.8 14.6 24.1 29.8 36.0    
Dividend Per Share PHP                         ... ...               0 0 0 0 0    
Price/Earnings (P/E)                 ... ... ...       ...             22.4 13.2 ... ... 18.2    
Price/Book Value (P/BV)                 ... ... ... ...     ...             4.56 4.65 1.33 0.755 0.686    
Dividend Yield %                         ... ...               0 0 0 0 0    
Earnings Per Share Growth % ...               ... ... ... ...     ... ...           -30.2 60.3 -109 233 -189    
Book Value Per Share Growth % ...                                         -75.8 -7.24 64.7 23.6 20.8    
income statement Unit 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                                        
Interest Income PHP mil                                           3,140 3,344 3,124 3,300 3,635    
Interest Cost PHP mil                                           1,635 1,626 1,182 974 1,039    
Net Interest Income PHP mil                                           1,505 1,718 1,942 2,326 2,596    
Net Fee Income PHP mil                             ... ... ...         169 238 265 282 230    
Other Income PHP mil                             ... ... ...         1,085 1,783 510 676 1,221    
Total Revenues PHP mil                                           2,759 3,739 2,717 3,284 4,047    
Staff Cost PHP mil                                           708 1,080 1,366 1,344 1,181    
Operating Cost PHP mil                                           1,604 2,394 2,774 2,927 2,775    
Operating Profit PHP mil                                           1,155 1,344 -57.2 357 1,272    
Provisions PHP mil                                           -1.27 -403 -195 444 478    
Extra and Other Cost PHP mil                                           -119 -283 -272 -777 159    
Pre-Tax Profit PHP mil                                           1,275 2,030 410 690 635    
Tax PHP mil                                           290 397 300 486 235    
Minorities PHP mil                                           0 0 -0.410 0.381 -0.172    
Net Profit PHP mil                                           985 1,633 111 203 400    
Dividends PHP mil                         ... ...               0 0 0 0 0    
growth rates                                                        
Net Interest Income Growth % ...                                         13.3 14.1 13.1 19.8 11.6    
Net Fee Income Growth % ...                           ... ... ... ...       14.7 40.8 11.2 6.63 -18.6    
Total Revenue Growth % ...                                         15.0 35.5 -27.3 20.9 23.2    
Operating Cost Growth % ...                                         30.8 49.3 15.9 5.51 -5.20    
Operating Profit Growth % ...                                         -1.51 16.4 -104 -724 256    
Pre-Tax Profit Growth % ...                                         9.73 59.2 -79.8 68.3 -8.02    
Net Profit Growth % ...                                         23.7 65.8 -93.2 83.2 96.8    
market share                                                        
Market Share in Revenues % ... ... ... ... ... ... ... ... ... ...                       0.806 0.945 0.663 0.774 0.832   ...
Market Share in Net Profit % ... ... ... ... ... ... ... ... ... ...                       0.972 1.36 0.095 0.177 0.316   ...
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ... ... ...     ...           0.734 ... ... ... ... ... ...
balance sheet Unit 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                                                        
Cash PHP mil                                           6,062 10,313 13,704 13,253 14,399    
Interbank Loans PHP mil                                           1,881 864 2,469 2,238 3,307    
Customer Loans PHP mil                                           11,082 17,676 27,333 30,840 41,211    
Retail Loans PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 6,780 7,786 5,368    
Corporate Loans PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 22,489 25,336 34,491    
Debt Securities PHP mil                                           23,751 29,716 18,709 20,607 19,161    
Fixed Assets PHP mil                                           1,338 1,747 1,891 1,791 1,649    
Intangible Assets PHP mil ... ... ... ... ... ...             ...   ...             155 436 1,002 1,003 781    
Goodwill PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0 0 178 178 178    
Total Assets PHP mil                                           45,831 62,599 71,936 76,076 86,499    
Shareholders' Equity PHP mil                                           4,392 4,074 7,218 8,924 10,782    
Of Which Minority Interest PHP mil                                           0 0 -7.58 -7.19 -8.19    
Liabilities PHP mil                                           41,440 58,525 64,717 67,152 75,717    
Interbank Borrowing PHP mil                                           1,187 9,458 3,425 6,482 10,099    
Customer Deposits PHP mil                                           31,356 47,281 59,118 58,302 63,146    
Sight Deposits PHP mil                                           5,788 7,183 9,221 12,524 15,464    
Term Deposits PHP mil                                           25,568 40,097 49,897 45,779 47,682    
Issued Debt Securities PHP mil                                           6,637 0 0 0 0    
Other Liabilities PHP mil                                           2,260 1,786 2,174 2,368 2,472    
asset quality                                                        
Non-Performing Loans PHP mil ... ... ... ... ... ... ... ... ... ...             ... ...       1,303 1,241 1,949 2,442 2,692    
Gross Loans PHP mil                                           13,415 19,598 29,186 33,008 43,819    
Total Provisions PHP mil                                           2,332 1,922 1,852 2,168 2,608    
growth rates                                                        
Customer Loan Growth % ...                                         96.4 59.5 54.6 12.8 33.6    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 14.8 -31.1    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 12.7 36.1    
Total Asset Growth % ...                                         10.6 36.6 14.9 5.76 13.7    
Shareholders' Equity Growth % ...                                         27.9 -7.24 77.2 23.6 20.8    
Customer Deposit Growth % ...                                         12.7 50.8 25.0 -1.38 8.31    
market share                                                        
Market Share in Customer Loans % ... ... ... ... ... ... ... ... ... ... ... ... ...                 0.323 0.433 0.536 0.533 0.609   ...
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.915 0.890 1.02   ...
Market Share in Total Assets % ... ... ... ... ... ... ... ... ... ...                       0.676 0.729 0.735 0.708 0.709   ...
Market Share in Customer Deposits % ... ... ... ... ... ... ... ... ... ...                       0.675 0.780 0.870 0.779 0.720   ...
ratios Unit 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                                        
ROE % ...                                         25.2 38.6 1.97 2.52 4.06    
ROA % ...                                         2.26 3.01 0.165 0.275 0.492    
Costs (As % Of Assets) % ...                                         3.68 4.42 4.12 3.95 3.41    
Costs (As % Of Income) %                                           58.1 64.0 102 89.1 68.6    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ...   ... ... ...             20.4 16.2 15.9 15.0 14.7    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...             14.5 11.8 12.0 11.5 11.6    
Net Interest Margin % ...                                         3.45 3.17 2.89 3.14 3.19    
Interest Spread % ...                                         3.08 2.91 2.73 2.98 3.02    
Asset Yield % ...                                         7.20 6.17 4.64 4.46 4.47    
Cost Of Liabilities % ...                                         4.12 3.25 1.92 1.48 1.45    
Payout Ratio %                         ... ...               0 0 0 0 0    
Interest Income (As % Of Revenues) %                                           54.5 45.9 71.5 70.8 64.2    
Fee Income (As % Of Revenues) %                             ... ... ...         6.12 6.36 9.74 8.59 5.68    
Other Income (As % Of Revenues) %                             ... ... ...         39.3 47.7 18.8 20.6 30.2    
Cost Per Employee USD per month ... ... ... ... ... ... ...                             ... ... 1,655 1,961 1,793    
Cost Per Employee (Local Currency) PHP per month ... ... ... ... ... ... ...                             ... ... 73,728 90,115 86,953    
Staff Cost (As % Of Total Cost) %                                           44.1 45.1 49.2 45.9 42.6    
Equity (As % Of Assets) %                                           9.58 6.51 10.0 11.7 12.5    
Loans (As % Of Deposits) %                                           35.3 37.4 46.2 52.9 65.3    
Loans (As % Assets) %                                           24.2 28.2 38.0 40.5 47.6    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ...             ... ...       9.71 6.33 6.68 7.40 6.14    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ...             ... ...       179 155 95.0 88.8 96.9    
Provisions (As % Of Loans) %                                           21.0 10.9 6.78 7.03 6.33    
Cost of Provisions (As % Of Loans) % ...                                         -0.015 -2.80 -0.866 1.53 1.33    
other data Unit 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                                                        
Branches ... ... ... ... ... ... ... ... ... ... ...   ...     ...           64.0 85.0 76.0 82.0 93.0    
Employees ... ... ... ... ... ... ...                             ... ... 1,544 1,243 1,132    
ATMs ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 145    
Sight (As % Of Customer Deposits) %                                           18.5 15.2 15.6 21.5 24.5    
Risk-Weighted Assets PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...             27,246 39,334 50,179 55,066 65,288    
Return on Loans %                                           11.8 11.4 0.493 0.699 1.11    
Operating Profit (As % of Loans) % ...                                         13.8 9.35 -0.254 1.23 3.53    
Costs (As % Of Loans) % ...                                         19.2 16.7 12.3 10.1 7.70    
Equity (As % Of Loans) %                                           39.6 23.0 26.4 28.9 26.2    

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PBCOM's customer deposits rose 11.9% yoy to PHP 63,384 mil in 3Q2016

By Helgi Library - February 20, 2020

PBCOM's customer deposits reached PHP 63,384 mil in 2016-09-30, down 3.27% compared to the previous year. Filipino banking sector accepted customer deposits of PHP 8,159 bil in 2016-09-30, up 4.48% when compared to the last year. PBCOM accounted for 0.777...

PBCOM's net interest margin rose 15.2% yoy to 3.38% in 3Q2019

By Helgi Library - February 21, 2020

PBCOM's net interest margin amounted to 3.38% in the third quarter of 2019, up from 3.30% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 5.25% in 4Q2008 and an all time low of 0.850% in 4Q...

PBCOM's net interest margin rose 15.2% yoy to 3.38% in 3Q2019

By Helgi Library - February 21, 2020

PBCOM's net interest margin amounted to 3.38% in the third quarter of 2019, up from 3.30% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 5.25% in 4Q2008 and an all time low of 0.850% in 4Q...

PBCOM's price/earnings (P/E) fell 39.0% yoy to 6.27 in 3Q2019

By Helgi Library - February 20, 2020

PBCOM stock traded at PHP 20.8 per share at the end third quarter of 2019 implying a market capitalization of USD 193 mil. Since the end of 3Q2014, the stock has depreciated by -54.8 % implying an annual average growth of -14.7 %. In absolute terms, the value of the c...

PBCOM's price/earnings (P/E) fell 39.0% yoy to 6.27 in 3Q2019

By Helgi Library - February 20, 2020

PBCOM stock traded at PHP 20.8 per share at the end third quarter of 2019 implying a market capitalization of USD 193 mil. Since the end of 3Q2014, the stock has depreciated by -54.8 % implying an annual average growth of -14.7 %. In absolute terms, the value of the c...

PBCOM's net interest income rose 9.68% yoy to PHP 795 mil in 3Q2019

By Helgi Library - March 4, 2020

PBCOM generated total banking revenues of PHP 1,274 mil in the third quarter of 2019, up 21% when compared to the same period of last year and 2.09% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fee and o...

PBCOM's net interest income rose 9.68% yoy to PHP 795 mil in 3Q2019

By Helgi Library - March 4, 2020

PBCOM generated total banking revenues of PHP 1,274 mil in the third quarter of 2019, up 21% when compared to the same period of last year and 2.09% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fee and o...

PBCOM's market capitalisation (end of period) rose 5.95% yoy to USD 193 mil in 3Q2019

By Helgi Library - February 20, 2020

PBCOM stock traded at PHP 20.8 per share at the end of third quarter of 2019 implying a market capitalization of USD 193 mil. Over the last five years, the stock has depreciated by 54.8 implying an annual average growth of -14.7% In absolute terms, the va...

PBCOM's market capitalisation (end of period) rose 5.95% yoy to USD 193 mil in 3Q2019

By Helgi Library - February 20, 2020

PBCOM stock traded at PHP 20.8 per share at the end of third quarter of 2019 implying a market capitalization of USD 193 mil. Over the last five years, the stock has depreciated by 54.8 implying an annual average growth of -14.7% In absolute terms, the va...

PBCOM's share price (end of period) rose 1.71% yoy to PHP 20.8 in 3Q2019

By Helgi Library - February 20, 2020

PBCOM stock traded at PHP 20.8 per share at the end of third quarter of 2019 implying a market capitalization of USD 193 mil. Over the last five years, the stock has depreciated by -54.8 % implying an annual average growth of -14.7 %. In absolute terms, the value of t...

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