BANK of Commerce (BankCom), an affiliate of San Miguel Corp., said it posted net income of P3.54 billion for 2025, up 17 percent from P3.02 billion in 2024 and nearly double the P1.80 billion recorded in 2022 when it conducted its initial public offering (IPO).
The solid performance was driven by strong growth in core revenue streams, including net interest income and gains from trading and foreign exchange activities.
“This milestone reflects BankCom’s commitment to excellence and its ability to navigate market shifts while delivering sustainable growth,” the bank said in a statement on Wednesday.
BankCom also reported a return on equity of 10.14 percent in 2025, the bank’s highest in 16 years, surpassing the 9.44 percent ROE seen in 2024 and the 7.01 percent ROE posted at the end of its IPO year in 2022.
Return on assets (ROA) also increased to 1.28 percent in 2025, up from 1.22 percent in 2024 and from just 0.86 percent in 2022.
The bank said these results underscored its resilience and steady expansion in the Philippine banking sector, highlighting strong operational performance and efficient management of its asset base.
Bank of Commerce shares rose P0.25 or 2.78 percent, to close at P9.25 each on Wednesday.
