Assets 2015 2016 2017

Cash and Other Cash Items 11,377,101 12,010,543 12,685,984

Due from Bangko Sentral ng Pilipinas 86,318,501 91,964,495 98,490,014
Due from Other Banks 21,243,492 11,332,236 15,641,476
Interbank Loans Receivables 0 3,451,543 18,751,845
Financial Assets at Fair Value through Profi t or Loss 6,244,593 7,703,899 16,238,888
Available-for-Sale Financial Assets 48,829,233 33,873,723 46,445,391
Investment Securities at Amortized Cost 0 0 0
Held-to-Maturity Financial Assets 16,136,147 57,404,800 65,286,267
Loans and Receivables 309,761,777 386,827,300 448,970,942
Accrued Interest Receivable 2,621,737 3,014,529 3,718,505
Investment in Subsidiaries 0 0 0
Investment in Associates 373,591 276,559 329,422
Bank Premises, Furniture, Fixtures and Equipment 6,354,119 6,496,268 6,875,864
Investment Properties 5,398,139 5,349,739 5,072,156
Deferred Tax Assets 1,381,280 1,666,267 1,778,081
Intangible Assets 3,972,308 4,089,715 4,104,032
Goodwill 839,748 839,748 839,748
Other Assets 5,975,197 6,896,647 6,218,895
Total Assets 526,826,963 633,198,011 751,447,510

Year 2015 2016 2017

Cash and Other Cash Items 2.16% 1.90% 1.69%
Due from Bangko Sentral ng Pilipinas 16.38% 14.52% 13.11%
Due from Other Banks 4.03% 1.79% 2.08%
Interbank Loans Receivables 0.00% 0.55% 2.50%
Financial Assets at Fair Value through Profi t or Loss 1.19% 1.22% 2.16%
Available-for-Sale Financial Assets 9.27% 5.35% 6.18%
Investment Securities at Amortized Cost 0.00% 0.00% 0.00%
Held-to-Maturity Financial Assets 3.06% 9.07% 8.69%
Loans and Receivables 58.80% 61.09% 59.75%
Accrued Interest Receivable 0.50% 0.48% 0.49%
Investment in Subsidiaries 0.00% 0.00% 0.00%
Investment in Associates 0.07% 0.04% 0.04%
Bank Premises, Furniture, Fixtures and Equipment 1.21% 1.03% 0.92%
Investment Properties 1.02% 0.84% 0.67%
Deferred Tax Assets 0.26% 0.26% 0.24%
Intangible Assets 0.75% 0.65% 0.55%
Goodwill 0.16% 0.13% 0.11%
Other Assets 1.13% 1.09% 0.83%
Total Assets 100.00% 100.00% 100.00%
 2018 2019
15,639,474 16,839,755
101,889,773 100,174,398
9,445,447 9,900,642
11,998,040 17,036,460
7,596,261 18,500,111
0 26,133,360 100.00%
172,537,036 0
0 168,202,728
505,804,955 568,919,164
5,697,181 7,158,494 80.00%

0 0
335,092 704,169
6,450,458 9,155,234
60.00%
4,789,602 4,337,184
2,514,889 3,370,949
4,202,599 4,066,078
839,748 839,748
40.00%
6,219,558 6,887,505
866,071,640 962,225,979

20.00%
2018 2019
1.81% 1.75%
11.76% 10.41%
1.09% 1.03% 0.00%
1.39% 1.77%
0.88% 1.92%
0.00% 2.72%
19.92% 0.00%
0.00% 17.48%
58.40% 59.13%
0.66% 0.74%
0.00% 0.00%
0.04% 0.07%
0.74% 0.95%
0.55% 0.45%
0.29% 0.35%
0.49% 0.42%
0.10% 0.09%
0.72% 0.72%
100.00% 100.00%
 COMMON SIZE ANALYSIS

100.00%

80.00%

60.00%

40.00%

20.00%

0.00%
1 2 3 4

Other Assets Goodwill

Intangible Assets
Investment Properties
Investment in Associates
Accrued Interest Receivable
Held-to-Maturity Financial Assets
Available-for-Sale Financial Assets
Interbank Loans Receivables
Due from Bangko Sentral ng Pilipinas
Deferred Tax Assets
Bank Premises, Furniture, Fixtures an
Investment in Subsidiaries
Loans and Receivables
Investment Securities at Amortized C
Financial Assets at Fair Value through
Due from Other Banks
Cash and Other Cash Items
ALYSIS

4 5

Assets
s, Furniture, Fixtures and Equipment
Subsidiaries
ceivables
curities at Amortized Cost
ets at Fair Value through Profi t or Loss
er Banks
er Cash Items
Income Statement 2015 2016
Revenue 19,317,334 21,891,629
Cost of Service 4,232,150 5,197,434
GROSS PROFIT 15,085,184 16,694,195
EARNINGS BEFORE INCOME TAX 19,572,326 21,788,941
OPERATING EXPENSE
Compensation and Fringe Benefits 4,674,469 4,982,934
Occupancy Cost 1,723,277 1,830,675
Taxes and Licenses 1,587,118 2,000,404
Insurance 990,788 1,163,507
Depreciation and Amortization 979,412 1,124,786
Provision for Impairment and Credit Losses 966,574 850,546
Transportation and Traveling 311,587 298,666
Entertainment, Amusement and Recreation 276,809 268,394
Professional fees, Marketing and other related services 245,760 242,710
Stationery, Supplies and Postage 241,151 241,786
Repairs and Maintenance 160,902 123,025
Miscellaneous 1,001,934 1,073,986
TOTAL OPERATING EXPENSE 13,159,781 14,201,419
EARNINGS BEFORE TAX 6,412,545 7,587,522
Provision for Income Tax 809,969 1,126,552
NET INCOME 5,602,576 6,460,970

Year 2015 2016

Revenue 100.00% 100.00%
Cost of Service 21.91% 23.74%
GROSS PROFIT 78.09% 76.26%
EARNINGS BEFORE INCOME TAX 101.32% 99.53%
OPERATING EXPENSE
Compensation and Fringe Benefits 24.20% 22.76%
Occupancy Cost 8.92% 8.36%
Taxes and Licenses 8.22% 9.14%
Insurance 5.13% 5.31%
Depreciation and Amortization 5.07% 5.14%
Provision for Impairment and Credit Losses 5.00% 3.89%
Transportation and Traveling 1.61% 1.36%
Entertainment, Amusement and Recreation 1.43% 1.23%
Professional fees, Marketing and other related services 1.27% 1.11%
Stationery, Supplies and Postage 1.25% 1.10%
Repairs and Maintenance 0.83% 0.56%
Miscellaneous 5.19% 4.91%
TOTAL OPERATING EXPENSE 68.12% 64.87%
EARNINGS BEFORE TAX 33.20% 34.66%
Provision for Income Tax 4.19% 5.15%
NET INCOME 29.00% 29.51%
 2017 2018 2019
26,539,345 35,212,503 47,684,814
6,912,942 12,286,317 21,633,519
19,626,403 22,926,186 26,051,295
25,728,097 28,584,482 34,482,085

5,708,948 6,139,001 6,622,664

2,112,602 2,925,870 2,336,639
2,264,025 2,336,639 2,925,870
1,440,153 1,669,618 1,875,977
1,217,489 1,297,685 1,942,660
754,171 141,076 2,570,168
378,703 484,514 566,572
312,042 352,159 477,761
287,105 380,166 412,146
268,901 284,436 258,425
104,298 131,158 159,814
1,867,552 2,054,634 2,322,938
16,715,989 18,196,956 22,894,462
9,012,108 10,387,526 11,587,621
1,489,177 2,271,422 1,512,650
7,522,931 8,116,104 10,074,972

2017 2018 2019

100.00% 100.00% 100.00%
26.05% 34.89% 45.37%
73.95% 65.11% 54.63%
96.94% 81.18% 72.31%

21.51% 17.43% 13.89%

7.96% 8.31% 4.90%
8.53% 6.64% 6.14%
5.43% 4.74% 3.93%
4.59% 3.69% 4.07%
2.84% 0.40% 5.39%
1.43% 1.38% 1.19%
1.18% 1.00% 1.00%
1.08% 1.08% 0.86%
1.01% 0.81% 0.54%
0.39% 0.37% 0.34%
7.04% 5.83% 4.87%
62.99% 51.68% 48.01%
33.96% 29.50% 24.30%
5.61% 6.45% 3.17%
28.35% 23.05% 21.13%
 COMM
100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%
1 2

NET INCOME
EARNINGS BEFORE TAX
Miscellaneous
Stationery, Supplies and Postage
Entertainment, Amusement and Recre
Provision for Impairment and Credit
Insurance
Occupancy Cost
OPERATING EXPENSE
GROSS PROFIT
Revenue
Occupancy Cost
OPERATING EXPENSE
GROSS PROFIT
Revenue
 COMMON SIZE ANALYSIS

2 3 4 5

E Provision for Income Tax

BEFORE TAX TOTAL OPERATING EXPENSE
Repairs and Maintenance
pplies and Postage Professional fees, Marketing and other related services
, Amusement and Recreation Transportation and Traveling
Impairment and Credit Losses Depreciation and Amortization
Taxes and Licenses
ost Compensation and Fringe Benefits
G EXPENSE EARNINGS BEFORE INCOME TAX
FIT Cost of Service
 ost Compensation and Fringe Benefits
G EXPENSE EARNINGS BEFORE INCOME TAX
FIT Cost of Service
 5

rvices