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Philtrust Bank

Philtrust Bank's customer deposits rose 14.7% yoy to PHP 124,737 mil in 3Q2016

By Helgi Library - February 20, 2020

Philtrust Bank's customer deposits reached PHP 124,737 mil in 2016-09-30, up 3.26% compared to the previous year. Filipino bank...

Philtrust Bank's net interest margin fell 5.12% yoy to 1.36% in 3Q2019

By Helgi Library - February 21, 2020

Philtrust Bank's net interest margin amounted to 1.36% in the third quarter of 2019, down from 1.46% when compared to the previo...

Philtrust Bank's net profit rose 5.14% yoy to PHP 280 mil in 3Q2019

By Helgi Library - February 20, 2020

Philtrust Bank made a net profit of PHP 280 mil under revenues of PHP 936 mil in the third quarter of 2019, up 5.14% and 2.3%...

Profit Statement 2016 2017 2018
Net Interest Income PHP mil 2,768 3,014 3,545
Net Fee Income PHP mil 52.2 60.0 85.7
Other Income PHP mil 874 1,449 239
Total Revenues PHP mil 3,694 4,522 3,870
Staff Cost PHP mil 822 901 872
Operating Profit PHP mil 1,826 2,423 1,738
Provisions PHP mil 519 477 453
Net Profit PHP mil 1,067 1,612 824
Balance Sheet 2016 2017 2018
Interbank Loans PHP mil 4,346 4,147 3,491
Customer Loans PHP mil 55,163 46,675 25,884
Total Assets PHP mil 153,359 153,956 153,011
Shareholders' Equity PHP mil 22,790 23,690 21,151
Interbank Borrowing PHP mil 0 0 0
Customer Deposits PHP mil 130,079 129,664 131,177
Issued Debt Securities PHP mil 0 0 0
Ratios 2016 2017 2018
ROE % 4.60 6.94 3.67
ROA % 0.737 1.05 0.537
Costs (As % Of Assets) % 1.29 1.37 1.39
Costs (As % Of Income) % 50.6 46.4 55.1
Capital Adequacy Ratio % 37.7 44.6 34.1
Net Interest Margin % 1.91 1.96 2.31
Loans (As % Of Deposits) % 42.4 36.0 19.7
NPLs (As % Of Loans) % 0.451 5.53 0
Provisions (As % Of NPLs) % 1,076 119 ...
Valuation 2016 2017 2018
Price/Earnings (P/E) 136 90.1 177
Price/Book Value (P/BV) 6.36 6.12 6.87
Dividend Yield % 0.138 0.138 0
Earnings Per Share (EPS) PHP 1.07 1.61 0.820
Book Value Per Share PHP 22.8 23.7 21.2
Dividend Per Share PHP 0.200 0.200 0

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summary Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                                          
Net Interest Income PHP mil                                             2,381 2,082 2,627 2,733 2,768    
Total Revenues PHP mil                                             3,499 3,417 3,006 3,331 3,694    
Operating Profit PHP mil                                             2,000 1,867 1,385 1,583 1,826    
Net Profit PHP mil                                             1,712 1,357 1,006 1,069 1,067    
balance sheet                                                          
Interbank Loans PHP mil                                             1,258 916 1,973 3,019 4,346    
Customer Loans PHP mil                                             34,001 20,136 23,564 45,362 55,163    
Debt Securities PHP mil                                             48,650 47,556 51,461 53,898 60,056    
Total Assets PHP mil                                             111,188 120,954 126,287 136,139 153,359    
Shareholders' Equity PHP mil                                             20,797 20,104 23,151 23,587 22,790    
Interbank Borrowing PHP mil                                             0 0 0 0 0    
Customer Deposits PHP mil                                             88,816 100,344 102,708 112,015 130,079    
Issued Debt Securities PHP mil                                 ...           0 0 0 0 0    
ratios                                                          
ROE % ...                                           9.05 6.64 4.65 4.58 4.60    
ROA % ...                                           1.58 1.17 0.814 0.815 0.737    
Costs (As % Of Assets) % ...                                           1.38 1.34 1.31 1.33 1.29    
Costs (As % Of Income) %                                             42.8 45.4 53.9 52.5 50.6    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               21.9 38.3 37.7 38.2 37.7    
Net Interest Margin % ...                                           2.20 1.79 2.13 2.08 1.91    
Interest Income (As % Of Revenues) %                                             68.1 60.9 87.4 82.1 74.9    
Fee Income (As % Of Revenues) %                                 ...           0.971 1.54 ... ... 1.41    
Staff Cost (As % Of Total Cost) %                                             44.6 45.7 43.1 43.7 44.0    
Equity (As % Of Assets) %                                             18.7 16.6 18.3 17.3 14.9    
Loans (As % Of Deposits) %                                             38.3 20.1 22.9 40.5 42.4    
Loans (As % Assets) %                                             30.6 16.6 18.7 33.3 36.0    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     ... ... 4.02 3.57 ... 0.451    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     ... ... 237 241 ... 1,076   ...
valuation                                                          
Market Capitalisation (End Of Period) USD mil ... ... ... ...     ... ... ...   ... ...                     1,583 1,848 2,123 2,604 2,923    
Number Of Shares (Average) mil             ... ... ... ... ... ... ... ... ...   ...           1,000 1,000 1,000 1,000 1,000    
Share Price (End Of Period) PHP ... ... ... ...       ...     ...                       65.0 82.0 95.0 122 145    
Earnings Per Share (EPS) PHP             ... ... ... ... ... ... ... ... ...   ...           1.71 1.35 1.01 1.07 1.07    
Book Value Per Share PHP             ... ... ... ... ... ... ... ... ...   ...           20.8 20.1 23.2 23.6 22.8    
Dividend Per Share PHP                                             0 0 0 0 0.200    
Price/Earnings (P/E) ... ... ... ...     ... ... ... ... ... ... ... ... ...   ...           38.0 61.0 93.7 114 136    
Price/Book Value (P/BV) ... ... ... ...     ... ... ... ... ... ... ... ... ...   ...           3.13 4.08 4.10 5.17 6.36    
Dividend Yield % ... ... ... ...       ...     ...                       0 0 0 0 0.138    
Earnings Per Share Growth % ...           ... ... ... ... ... ... ... ... ... ... ... ...         -29.6 -21.3 -24.6 5.10 0.385    
Book Value Per Share Growth % ...                                           1.33 -3.33 15.2 1.89 -3.38    
income statement Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                                          
Interest Income PHP mil                                             5,473 5,054 5,126 5,342 5,630    
Interest Cost PHP mil                                             3,091 2,971 2,499 2,609 2,862    
Net Interest Income PHP mil                                             2,381 2,082 2,627 2,733 2,768    
Net Fee Income PHP mil                                 ...           34.0 52.5 ... ... 52.2    
Other Income PHP mil                                 ...           1,083 1,282 ... ... 874    
Total Revenues PHP mil                                             3,499 3,417 3,006 3,331 3,694    
Staff Cost PHP mil                                             668 708 699 764 822    
Depreciation PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 75.7    
Other Cost PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 970    
Operating Cost PHP mil                                             1,498 1,550 1,621 1,748 1,868    
Operating Profit PHP mil                                             2,000 1,867 1,385 1,583 1,826    
Provisions PHP mil                                             111 67.8 108 108 519    
Extra and Other Cost PHP mil                                             -0.005 0 -27.1 0 0    
Pre-Tax Profit PHP mil                                             1,889 1,799 1,305 1,475 1,307    
Tax PHP mil                                             178 442 299 406 240    
Minorities PHP mil                                             0 0 0 0 0    
Net Profit PHP mil                                             1,712 1,357 1,006 1,069 1,067    
Dividends PHP mil                                             0 0 0 0 200    
growth rates                                                          
Net Interest Income Growth % ...                                           -9.59 -12.6 26.2 4.05 1.26    
Net Fee Income Growth % ...                               ... ...         -4.10 54.5 ... ... ...    
Total Revenue Growth % ...                                           -11.8 -2.33 -12.0 10.8 10.9    
Operating Cost Growth % ...                                           -6.88 3.46 4.56 7.84 6.88    
Operating Profit Growth % ...                                           -15.1 -6.68 -25.8 14.3 15.3    
Pre-Tax Profit Growth % ...                                           -16.1 -4.80 -27.5 13.0 -11.4    
Net Profit Growth % ...                                           -15.4 -20.7 -25.9 6.28 -0.223    
market share                                                          
Market Share in Revenues % ... ... ... ... ... ... ... ... ... ... ...                       1.02 0.863 0.733 0.785 0.760   ...
Market Share in Net Profit % ... ... ... ... ... ... ... ... ... ... ...                       1.69 1.13 0.863 0.931 0.843   ...
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...     ...   0.631 ... ... ... ... ... ...
balance sheet Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                                                          
Cash PHP mil                                             23,520 27,427 32,897 30,361 30,023    
Interbank Loans PHP mil                                             1,258 916 1,973 3,019 4,346    
Customer Loans PHP mil                                             34,001 20,136 23,564 45,362 55,163    
Retail Loans PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ... ... ... 21,650 ... ... 57,976    
Corporate Loans PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ... ... ...
Debt Securities PHP mil                                             48,650 47,556 51,461 53,898 60,056    
Fixed Assets PHP mil                                             2,418 2,454 2,551 2,619 2,715    
Intangible Assets PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           19.4 14.2 59.8 ... 10.8    
Goodwill PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   0 0 0 0 0    
Total Assets PHP mil                                             111,188 120,954 126,287 136,139 153,359    
Shareholders' Equity PHP mil                                             20,797 20,104 23,151 23,587 22,790    
Of Which Minority Interest PHP mil                                             0 0 0 0 0    
Liabilities PHP mil                                             90,391 100,850 103,136 112,552 130,569    
Interbank Borrowing PHP mil                                             0 0 0 0 0    
Customer Deposits PHP mil                                             88,816 100,344 102,708 112,015 130,079    
Sight Deposits PHP mil                                             790 1,052 1,195 1,384 1,711    
Term Deposits PHP mil                                             88,026 99,291 101,513 110,631 128,368    
Issued Debt Securities PHP mil                                 ...           0 0 0 0 0    
Other Liabilities PHP mil                                 ...           1,575 506 428 537 491    
asset quality                                                          
Non-Performing Loans PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     ... ... 895 920 ... 261    
Gross Loans PHP mil                                             35,898 22,257 25,782 ... 57,976    
Total Provisions PHP mil                                             1,897 2,121 2,218 ... 2,813    
growth rates                                                          
Customer Loan Growth % ...                                           20.3 -40.8 17.0 92.5 21.6    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Total Asset Growth % ...                                           5.49 8.78 4.41 7.80 12.6    
Shareholders' Equity Growth % ...                                           22.0 -3.33 15.2 1.89 -3.38    
Customer Deposit Growth % ...                                           1.39 13.0 2.36 9.06 16.1    
market share                                                          
Market Share in Customer Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 0.990 0.493 0.462 0.783 0.815   ...
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 7.76 ... ... ... ... ...
Market Share in Total Assets % ... ... ... ... ... ... ... ... ... ... ...                       1.64 1.41 1.29 1.27 1.26   ...
Market Share in Customer Deposits % ... ... ... ... ... ... ... ... ... ... ...                       1.91 1.66 1.51 1.50 1.48   ...
ratios Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                                          
ROE % ...                                           9.05 6.64 4.65 4.58 4.60    
ROA % ...                                           1.58 1.17 0.814 0.815 0.737    
Costs (As % Of Assets) % ...                                           1.38 1.34 1.31 1.33 1.29    
Costs (As % Of Income) %                                             42.8 45.4 53.9 52.5 50.6    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               21.9 38.3 37.7 38.2 37.7    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           21.7 ... ... ... ... ... ...
Net Interest Margin % ...                                           2.20 1.79 2.13 2.08 1.91    
Interest Spread % ...                                           1.59 1.25 1.70 1.65 1.54    
Asset Yield % ...                                           5.05 4.35 4.15 4.07 3.89    
Cost Of Liabilities % ...                                           3.46 3.11 2.45 2.42 2.35    
Payout Ratio %                                             0 0 0 0 18.7    
Interest Income (As % Of Revenues) %                                             68.1 60.9 87.4 82.1 74.9    
Fee Income (As % Of Revenues) %                                 ...           0.971 1.54 ... ... 1.41    
Other Income (As % Of Revenues) %                                 ...           31.0 37.5 ... ... 23.7    
Cost Per Employee USD per month ... ... ... ...   ... ...   ... ... ... ... ...     ...   ...         1,875 1,936 1,755 1,787 1,791    
Cost Per Employee (Local Currency) PHP per month ... ... ... ...   ... ...   ... ... ... ... ...     ...   ...         79,122 82,189 78,213 82,091 86,844    
Staff Cost (As % Of Total Cost) %                                             44.6 45.7 43.1 43.7 44.0    
Equity (As % Of Assets) %                                             18.7 16.6 18.3 17.3 14.9    
Loans (As % Of Deposits) %                                             38.3 20.1 22.9 40.5 42.4    
Loans (As % Assets) %                                             30.6 16.6 18.7 33.3 36.0    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     ... ... 4.02 3.57 ... 0.451    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     ... ... 237 241 ... 1,076   ...
Provisions (As % Of Loans) %                                             5.58 10.5 9.41 ... 5.10    
Cost of Provisions (As % Of Loans) % ...                                           0.356 0.251 0.493 0.313 1.03    
other data Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                                                          
Branches ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...     ...   55.0 56.0 57.0 57.0 60.0    
Employees ... ... ... ...   ... ...   ... ... ... ... ...     ...   ...         704 718 745 776 789    
ATMs ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 61.0    
Sight (As % Of Customer Deposits) %                                             0.890 1.05 1.16 1.24 1.32    
Risk-Weighted Assets PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           67.4 43.7 51.3 50.6 52.3    
Return on Loans %                                             5.50 5.01 4.60 3.10 2.12    
Operating Profit (As % of Loans) % ...                                           6.43 6.90 6.34 4.59 3.63    
Costs (As % Of Loans) % ...                                           4.81 5.73 7.42 5.07 3.72    
Equity (As % Of Loans) %                                             61.2 99.8 98.2 52.0 41.3    

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Philtrust Bank's price/earnings (P/E) fell 0.486% yoy to 115 in 3Q2019

By Helgi Library - February 20, 2020

Philtrust Bank stock traded at PHP 129 per share at the end third quarter of 2019 implying a market capitalization of USD 2,490 mil. Since the end of 3Q2014, the stock has appreciated by 57.2 % implying an annual average growth of 9.47 %. In absolute terms, the value ...

Philtrust Bank's market capitalisation (end of period) rose 7.50% yoy to USD 2,490 mil in 3Q2019

By Helgi Library - February 20, 2020

Philtrust Bank stock traded at PHP 129 per share at the end of third quarter of 2019 implying a market capitalization of USD 2,490 mil. Over the last five years, the stock has appreciated by 57.2 implying an annual average growth of 9.47% In absolute term...

Philtrust Bank's share price (end of period) rose 3.20% yoy to PHP 129 in 3Q2019

By Helgi Library - February 20, 2020

Philtrust Bank stock traded at PHP 129 per share at the end of third quarter of 2019 implying a market capitalization of USD 2,490 mil. Over the last five years, the stock has appreciated by 57.2 % implying an annual average growth of 9.47 %. In absolute terms, the va...

Philtrust Bank's net interest income fell 3.03% yoy to PHP 533 mil in 3Q2019

By Helgi Library - March 4, 2020

Philtrust Bank generated total banking revenues of PHP 936 mil in the third quarter of 2019, up 2.3% when compared to the same period of last year and 27.4% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, f...

Philtrust Bank's customer loan growth fell 181% yoy to -22.4% in 3Q2019

By Helgi Library - February 20, 2020

Philtrust Bank's customer loan growth reached -22.4% in 2019-09-30, down from 27.7% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 92.5% in 2015-12-31 and an all time low of -47.7% in 2015-06-30. In the la...

Philtrust Bank's equity (as % of assets) rose 21.8% yoy to 16.2% in 3Q2019

By Helgi Library - February 20, 2020

Philtrust Bank's Equity reached 16.2% of total assets in the 3Q2019, up from 13.3% for the previous year. As a share of net customer loans, the ratio amounted to 64.7% at the end of the third quarter of 2019. ...

Philtrust Bank's employees rose 3.10% yoy to 832 in 4Q2018

By Helgi Library - February 20, 2020

Philtrust Bank employed 832 persons in 2018-12-31, down 0% when compared to the previous year. Historically, the bank's workforce hit an all time high of 832 persons in 2018-12-31 and an all time low of 602 in 2006-12-31. Average cost reached USD 2,100 per month ...

Philtrust Bank's costs (as % of assets) rose 9.88% yoy to 1.73% in 4Q2018

By Helgi Library - February 21, 2020

Philtrust Bank's cost to income ratio reached 79.6% in the fourth quarter of 2018, down from when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 79.6% of income in 4Q2018 and an all time low of 39.6% in 4Q2017. ...

Philtrust Bank's price/earnings (P/E) rose 96.6% yoy to 177 in 2018

By Helgi Library - February 20, 2020

Philtrust Bank stock traded at PHP 145 per share at the end 2018 implying a market capitalization of USD 2,772 mil. Since the end of 2013, the stock has appreciated by 77.1 % implying an annual average growth of 12.1 %. In absolute terms, the value of the company ...

Philtrust Bank's employees rose 3.10% yoy to 832 in 2018

By Helgi Library - February 20, 2020

Philtrust Bank employed 832 persons in 2018, up 3.10% when compared to the previous year. Historically, the bank's workforce hit an all time high of 832 persons in 2018 and an all time low of 602 in 2006. Average cost reached USD 1,701 per month per employee, ...

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