{"id":332377,"date":"2025-04-29T23:22:00","date_gmt":"2025-04-29T15:22:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=332377"},"modified":"2025-04-30T00:06:49","modified_gmt":"2025-04-29T16:06:49","slug":"trade-the-news-pnbs-net-income-rises-to-p6-1-billion-in-1q-2025","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-pnbs-net-income-rises-to-p6-1-billion-in-1q-2025\/","title":{"rendered":"Trade the News: PNB\u2019s net income rises to P6.1 billion in 1Q 2025"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Philippine National Bank<\/td><\/tr>
Stock Code<\/strong><\/td>PNB<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 52.65<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

PHILIPPINE NATIONAL BANK\u2019S (PNB) consolidated net income rose by 14.77% year on year in the first quarter on the back of its core businesses\u2019 strength.<\/p>\n\n\n\n

The bank booked net earnings of P6.09 billion in the three months ended March, up from P5.31 billion in the same period last year, it said in a disclosure to the stock exchange on Monday.<\/p>\n\n\n\n

\u201cThe first-quarter financial results this year reflect the strength of PNB\u2019s franchise in its wholesale and retail businesses. Excluding the impact of non-recurring gains from the sale of foreclosed assets, the growth in the bank\u2019s core income continued to drive the bank\u2019s earnings momentum,\u201d PNB President Florido P. Casuela said.<\/p>\n\n\n\n

\u201cWe expect that the quality of the bank\u2019s earnings will further improve since we have already put in place the necessary foundation for the bank\u2019s sustained stability and accelerated growth.\u201d<\/p>\n\n\n\n

Its financial statement was unavailable as of press time.<\/p>\n\n\n\n

PNB\u2019s core income increased by 9.81% to P14.14 billion from P12.88 billion.<\/p>\n\n\n\n

Broken down, net interest income grew by 8.74% to P12.71 billion in the first quarter from P11.69 billion in the same period last year.<\/p>\n\n\n\n

\u201cThis is mainly due to the combined effect of the increase in the bank\u2019s loan portfolio and treasury assets,\u201d PNB said.<\/p>\n\n\n\n

Its net service fees and commission income likewise climbed by 20.43% to P1.42 billion from P1.18 billion.<\/p>\n\n\n\n

Meanwhile, the bank\u2019s other income jumped by 62.51% to P1.93 billion in the first quarter from P1.19 billion a year prior, mainly driven by the 68.08% increase in its gains from trading, investment securities, and foreign exchange to P862.27 million from P522.33 billion.<\/p>\n\n\n\n

PNB added that the sale of foreclosed properties also boosted its non-interest earnings in the period.<\/p>\n\n\n\n

As a result, its total operating income went up to P16.07 billion from P14.06 billion.<\/p>\n\n\n\n

Meanwhile, the bank\u2019s operating expenses rose by 9.84% to P8.07 billion from P7.34 billion due to higher costs related to its strategy to expand its consumer business segment.<\/p>\n\n\n\n

\u201cSimilarly, taxes and licenses went up as a consequence of increase in the bank\u2019s business volume increase,\u201d PNB added.<\/p>\n\n\n\n

Provisions for impairment losses went down by 55.29% to P277.11 million last quarter from P619.76 million on \u201cthe continued improvement in the bank\u2019s quality of its loan portfolio through enhanced credit underwriting and sound management practices.\u201d<\/p>\n\n\n\n

PNB\u2019s net loans and receivables stood at P655.896 billion at end-March.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-332377","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=332377"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332377\/revisions"}],"predecessor-version":[{"id":332379,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332377\/revisions\/332379"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=332377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=332377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=332377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}