4 Income Statement
###	Philippine Banking System
###	as of end of periods indicated
	amounts in thousand Pesos
			/r
	Selected Accounts	Mar-24	Jun-24	Sep-24	Dec-24
operating_income	TOTAL OPERATING INCOME	300,391,675.51	610,304,494.29	938,982,102.23	1,272,817,455.07
interest_income	Interest Income	356,429,455.82	729,141,485.60	1,110,781,846.51	1,504,892,984.38
interest_expense	Interest Expense	108,864,316.94	222,703,558.85	342,974,559.41	464,650,710.60
prov_loss_acc_int_inc_fin_asst	Provision for Losses on Accrued Interest Income from Financial Assets	156,685.04	618,437.18	768,126.19	1,154,758.81
net_interest_income	Net Interest Income	247,408,453.85	505,819,489.56	767,039,160.91	1,039,087,514.97
non_interest_income	Non-Interest income	52,983,221.66	104,485,004.73	171,942,941.32	233,729,940.09
fees_comm_income	(1) Fees and Commissions Income	37,420,578.91	77,084,862.67	118,567,088.11	163,355,682.50
trading_income	(2) Trading Income	1,498,012.09	13,940,792.50	18,860,100.36	27,389,966.86
realized_gains_loss_sale	(a) Realized Gains/(Losses) from Sale/Redemption	2,515,234.92	-598,976.62	13,191,118.70	15,949,305.92
unrealized_gains_loss_mtm	(b) Unrealized Gains/(Losses) from Marking-to-Market	-1,423,507.92	11,107,096.94	1,517,864.39	3,876,140.20
realized_gains_loss_forex	(c) Realized Gains/(Losses) from FX Transactions	406,260.63	3,431,077.29	4,151,056.65	7,562,496.82
profit_loss_sale_other_asset	(3) Profits/Losses on Sale of Other Assets	3,519,218.94	6,670,207.89	14,651,864.45	21,884,356.37
prof_loss_sale_ntrad_fin_astlib	(a) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities	984,353.87	1,278,594.92	6,662,537.83	10,547,790.13
gain_loss_sale_nonfin_asset	(b) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets	2,534,865.07	5,391,612.97	7,989,326.62	11,336,566.25
other_income_web	(4) Other Income	10,545,411.72	6,789,141.66	19,863,888.40	21,099,934.36
dividend_income	(a) Dividend Income	1,005,778.94	1,317,152.68	1,920,507.85	2,080,961.33
forex_profit_loss	(b) Foreign Exchange Profit/(Loss)	2,842,221.57	-7,985,630.00	-3,435,202.55	-10,114,993.27
gain_loss_fin_asst_liab_dfvpl	(c) Profit/(Loss) on Financial Assets and Liabilities DFVPL	870.73	2,677.48	5,002.45	4,341.62
gain_loss_fair_value_hedge	(d) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting	643.08	2,121.70	1,316.89	2,735.88
other_income	(e) Other income	6,695,897.40	13,452,819.79	21,372,263.75	29,126,888.80
non_interest_expense	NON-INTEREST EXPENSES	168,950,491.06	341,186,850.51	521,538,689.91	712,410,247.40
compens_fringe_benefits	(1) Compensation/Fringe Benefits	54,174,504.83	113,304,500.95	172,193,604.80	235,116,908.26
taxes_license	(2) Taxes and Licenses	22,822,984.49	44,303,388.26	67,776,150.22	92,046,144.79
fees_comm_expenses	(3) Fees and Commissions	11,098,567.27	23,797,313.55	36,993,310.44	51,262,462.58
other_admin_expenses	(4) Other Administrative Expenses	63,555,234.21	129,591,476.09	199,791,027.07	278,234,379.29
deprec_amort	(5) Depreciation/Amortization	12,273,819.89	24,887,117.67	37,950,857.11	52,304,143.59
impairment_loss	(6) Impairment Losses	483,164.50	504,522.11	982,649.35	1,214,885.67
provisions	(7) Provisions	4,542,215.86	4,798,531.89	5,851,090.93	2,231,323.23
loss_recoveries_fin_asset	LOSSES/RECOVERIES ON FINANCIAL ASSETS	-21,806,174.08	-44,885,509.61	-76,199,878.99	-105,642,849.74
prov_cred_loss_fasst_offbs_expo	(1) Provision for Credit Losses on Loans & Other Fin'l Assets	-25,108,539.09	-51,381,886.72	-85,736,498.03	-118,766,558.85
bad_debts_written_off	(2) Bad Debts Written Off	-725,961.19	-1,456,814.57	-2,292,188.99	-3,339,745.45
recovery_impaired_off_asset	(3) Recovery on Charged-Off Assets	4,028,326.21	7,953,191.67	11,828,808.03	16,463,454.56
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	109,635,010.37	224,232,134.16	341,243,533.32	454,764,357.92
share_prof_loss_uncons_subs	Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method	7,103,067.59	14,277,410.43	23,568,219.34	30,451,955.61
total_prof_loss_bef_tax	TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST	116,738,077.96	238,509,544.59	364,811,752.66	485,216,313.53
income_tax_expense	Income Tax Expense	24,630,775.18	48,245,706.29	74,755,879.26	93,886,167.32
total_prof_loss_aft_tax	TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST	92,107,302.78	190,263,838.30	290,055,873.40	391,330,146.21
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	92,107,302.78	190,263,838.30	290,055,873.40	391,330,146.21
	/p Preliminary
	/r Revised
	Source : Department of Supervisory Analytics, Financial Supervision Sector, Bangko Sentral ng Pilipinas
	Updated as of 5 March 2025