4 Income Statement
###	Philippine Banking System
	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	272,655,098.23	552,439,448.18	840,575,084.36	1,137,849,463.49
interest_income	Interest Income	292,403,597.52	607,740,254.63	940,648,102.42	1,287,316,666.73
interest_expense	Interest Expense	79,626,794.33	169,656,149.26	267,644,843.56	371,239,926.41
prov_loss_acc_int_inc_fin_asst	Provision for Losses on Accrued Interest Income from Financial Assets	155,986.21	243,175.91	476,917.37	523,311.48
net_interest_income	Net Interest Income	212,620,816.98	437,840,929.46	672,526,341.49	915,553,428.84
non_interest_income	Non-Interest income	60,034,281.24	114,598,518.71	168,048,742.87	222,296,034.65
fees_comm_income	(1) Fees and Commissions Income	34,376,700.62	69,587,310.46	105,341,232.77	140,774,140.73
trading_income	(2) Trading Income	4,822,274.67	10,023,917.22	17,230,367.22	22,982,917.82
realized_gains_loss_sale	(a) Realized Gains/(Losses) from Sale/Redemption	3,349,468.21	6,817,381.98	9,586,361.28	10,185,661.73
unrealized_gains_loss_mtm	(b) Unrealized Gains/(Losses) from Marking-to-Market	(1,151,390.24)	(3,528,438.74)	(1,753,284.45)	2,174,382.41
realized_gains_loss_forex	(c) Realized Gains/(Losses) from FX Transactions	2,624,196.70	6,732,496.76	9,395,723.58	10,614,723.82
profit_loss_sale_other_asset	(3) Profits/Losses on Sale of Other Assets	10,416,326.50	14,497,930.55	18,777,408.24	26,658,753.99
prof_loss_sale_ntrad_fin_astlib	(a) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities	1,351,506.90	2,498,456.86	2,414,956.34	2,779,660.20
gain_loss_sale_nonfin_asset	(b) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets	9,064,819.61	11,999,473.70	16,362,451.90	23,879,093.79
other_income_web	(4) Other Income	10,418,979.46	20,489,360.48	26,699,734.64	31,880,222.12
dividend_income	(a) Dividend Income	872,909.38	1,134,873.37	1,805,642.25	1,961,447.62
forex_profit_loss	(b) Foreign Exchange Profit/(Loss)	4,561,504.19	9,328,877.01	8,412,251.88	6,449,373.15
gain_loss_fin_asst_liab_dfvpl	(c) Profit/(Loss) on Financial Assets and Liabilities DFVPL	9,980.46	(2,360.93)	26,157.40	(1,392.82)
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	4,964,841.51	10,010,538.39	16,423,692.60	23,429,978.72
non_interest_expense	NON-INTEREST EXPENSES	153,109,515.49	309,730,536.15	470,847,433.12	645,148,157.76
compens_fringe_benefits	(1) Compensation/Fringe Benefits	49,464,191.59	100,753,790.30	153,180,661.17	212,138,410.84
taxes_license	(2) Taxes and Licenses	18,954,506.99	37,538,337.79	56,445,626.55	77,358,582.59
fees_comm_expenses	(3) Fees and Commissions	9,517,600.54	19,817,278.47	30,628,045.81	42,284,021.02
other_admin_expenses	(4) Other Administrative Expenses	58,488,576.28	119,933,094.37	183,581,840.70	254,814,747.98
deprec_amort	(5) Depreciation/Amortization	11,468,106.50	23,336,492.24	36,497,983.88	52,854,991.36
impairment_loss	(6) Impairment Losses	258,148.61	862,707.45	1,315,919.53	3,589,722.58
provisions	(7) Provisions	4,958,384.97	7,488,835.54	9,197,355.48	2,107,681.39
loss_recoveries_fin_asset	LOSSES/RECOVERIES ON FINANCIAL ASSETS	(16,941,405.76)	(35,093,361.29)	(59,672,121.87)	(84,233,975.85)
prov_cred_loss_fasst_offbs_expo	(1) Provision for Credit Losses on Loans & Other Fin'l Assets	(19,412,988.32)	(40,022,576.95)	(67,084,339.78)	(91,866,420.60)
bad_debts_written_off	(2) Bad Debts Written Off	(139,311.50)	(292,623.70)	(462,709.91)	(1,596,584.54)
recovery_impaired_off_asset	(3) Recovery on Charged-Off Assets	2,610,894.05	5,221,839.37	7,874,927.82	9,229,029.29
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	102,604,176.97	207,615,550.74	310,055,529.38	408,467,329.89
share_prof_loss_uncons_subs	Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method	6,252,266.83	14,093,897.01	21,375,357.10	27,251,848.94
total_prof_loss_bef_tax	TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST	108,856,443.80	221,709,447.75	331,430,886.48	435,719,178.83
income_tax_expense	Income Tax Expense	19,386,538.78	38,944,974.37	58,873,333.33	79,231,551.26
total_prof_loss_aft_tax	TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST	89,469,905.02	182,764,473.38	272,557,553.15	356,487,627.56
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	89,469,905.02	182,764,473.38	272,557,553.15	356,487,627.56
	/r Revised
	Source : Department of Supervisory Analytics, Financial Supervision Sector, Bangko Sentral ng Pilipinas
	Updated as of 21 February 2024