13 Income Statement
###	Universal and Commercial Bank Group
	as of end of periods indicated
	amounts in thousand Pesos
	Selected Accounts	Mar-23	Jun-23	Sep-23	Dec-23
operating_income	TOTAL OPERATING INCOME	241,824,758.09	489,053,782.65	743,974,307.29	1,007,962,831.57
interest_income	Interest Income	258,801,850.31	538,342,434.43	833,831,646.81	1,140,886,535.03
interest_expense	Interest Expense	71,458,332.91	152,195,433.22	240,130,234.52	332,887,691.08
prov_loss_acc_int_inc_fin_asst	Provision for Losses on Accrued Interest Income from Financial Assets	49,008.38	76,238.18	196,725.51	135,506.02
net_interest_income	Net Interest Income	187,294,509.03	386,070,763.03	593,504,686.78	807,863,337.93
non_interest_income	Non-Interest income	54,530,249.06	102,983,019.62	150,469,620.52	200,099,493.63
fees_comm_income	(1) Fees and Commissions Income	30,663,666.13	61,853,857.90	93,402,175.51	126,866,939.95
trading_income	(2) Trading Income	4,660,374.94	9,832,132.77	17,211,438.66	22,521,117.04
realized_gains_loss_sale	(a) Realized Gains/(Losses) from Sale/Redemption	3,278,935.31	6,701,730.28	9,488,625.32	10,038,568.83
unrealized_gains_loss_mtm	(b) Unrealized Gains/(Losses) from Marking-to-Market	(1,195,511.78)	(3,521,803.60)	(1,572,900.85)	1,996,162.49
realized_gains_loss_forex	(c) Realized Gains/(Losses) from FX Transactions	2,576,951.41	6,652,206.09	9,295,714.19	10,486,385.72
profit_loss_sale_other_asset	(3) Profits/Losses on Sale of Other Assets	9,715,875.08	12,755,151.26	16,152,432.36	23,089,670.59
prof_loss_sale_ntrad_fin_astlib	(a) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities	1,406,114.92	2,542,186.95	2,434,983.81	2,783,201.38
gain_loss_sale_nonfin_asset	(b) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets	8,309,760.17	10,212,964.32	13,717,448.55	20,306,469.21
other_income_web	(4) Other Income	9,490,332.90	18,541,877.68	23,703,573.98	27,621,766.06
dividend_income	(a) Dividend Income	869,883.88	1,129,287.41	1,797,857.48	1,951,478.94
forex_profit_loss	(b) Foreign Exchange Profit/(Loss)	4,559,014.51	9,322,037.62	8,354,214.68	6,375,669.93
gain_loss_fin_asst_liab_dfvpl	(c) Profit/(Loss) on Financial Assets and Liabilities DFVPL	13,066.40	20.50	28,849.90	36.50
gain_loss_fair_value_hedge	(d) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting	9,743.91	17,432.64	31,990.51	40,815.45
other_income	(e) Other income	4,038,624.21	8,073,099.51	13,490,661.42	19,253,765.24
non_interest_expense	NON-INTEREST EXPENSES	132,598,846.37	267,913,438.58	406,920,478.99	557,946,186.46
compens_fringe_benefits	(1) Compensation/Fringe Benefits	41,725,478.29	84,957,968.35	129,326,089.24	179,607,401.11
taxes_license	(2) Taxes and Licenses	16,601,791.58	32,750,634.01	49,116,131.62	67,374,261.53
fees_comm_expenses	(3) Fees and Commissions	8,547,938.07	17,910,808.02	27,664,860.23	39,001,612.81
other_admin_expenses	(4) Other Administrative Expenses	51,318,316.69	105,234,053.72	160,968,362.60	223,283,942.65
deprec_amort	(5) Depreciation/Amortization	9,789,314.64	19,878,814.08	31,200,143.63	45,520,794.15
impairment_loss	(6) Impairment Losses	66,231.67	461,230.39	719,582.67	2,695,143.84
provisions	(7) Provisions	4,549,775.42	6,719,930.01	7,925,309.00	463,030.36
loss_recoveries_fin_asset	LOSSES/RECOVERIES ON FINANCIAL ASSETS	(14,116,985.49)	(29,572,145.52)	(50,967,528.69)	(70,996,891.66)
prov_cred_loss_fasst_offbs_expo	(1) Provision for Credit Losses on Loans & Other Fin'l Assets	(16,279,847.42)	(33,811,207.72)	(57,242,143.89)	(78,097,482.64)
bad_debts_written_off	(2) Bad Debts Written Off	(134,567.95)	(279,734.13)	(444,560.10)	(622,702.12)
recovery_impaired_off_asset	(3) Recovery on Charged-Off Assets	2,297,429.88	4,518,796.34	6,719,175.31	7,723,293.11
net_profit_bef_share_prof	NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD	95,108,926.24	191,568,198.55	286,086,299.61	379,019,753.45
share_prof_loss_uncons_subs	Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method	6,123,017.84	13,859,772.01	21,058,592.78	26,801,095.12
total_prof_loss_bef_tax	TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST	101,231,944.08	205,427,970.56	307,144,892.39	405,820,848.57
income_tax_expense	Income Tax Expense	17,751,100.94	35,511,312.56	53,274,128.22	72,063,911.22
total_prof_loss_aft_tax	TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST	83,480,843.13	169,916,658.00	253,870,764.17	333,756,937.35
noncontroll_int_prof_loss	Minority Interest in Profit/(Loss) of Subsidiaries	0.00	0.00	0.00	0.00
net_profit_loss	NET PROFIT OR LOSS	83,480,843.13	169,916,658.00	253,870,764.17	333,756,937.35
	/r Revised
	Source : Department of Supervisory Analytics, Financial Supervision Sector, Bangko Sentral ng Pilipinas
	Updated as of 20 February 2024