Philippine Business Bank, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022 at 07:14 pm
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Philippine Business Bank, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net interest income was PHP 1,524.97 million compared to PHP 1,444.18 million a year ago. Net income was PHP 306.28 million compared to PHP 280.29 million a year ago. Basic earnings per share from continuing operations was PHP 0.48 compared to PHP 0.44 a year ago. Diluted earnings per share from continuing operations was PHP 0.48 compared to PHP 0.44 a year ago.
For the nine months, net interest income was PHP 4,021.2 million compared to PHP 4,183.42 million a year ago. Net income was PHP 926.56 million compared to PHP 804.33 million a year ago. Basic earnings per share from continuing operations was PHP 1.25 compared to PHP 1.25 a year ago. Diluted earnings per share from continuing operations was PHP 1.25 compared to PHP 1.25 a year ago.
Philippine Business Bank, Inc. (the Bank) is a Philippines-based savings bank. The Bank provides close to a full range of banking services and products, including cash management, retail and corporate lending, deposit products, international trade finance, treasury, and trust products. The Bank operates through three segments: Consumer Banking, Corporate Banking, and Treasury Operations. The Consumer Banking segment includes auto financing, home financing, and salary or personal loans. The Corporate Banking segment includes term loans, working capital credit lines, bills purchase and discounting lines. The Treasury Operations segment manages liquidity of the Bank. It offers advisory services, bills payment/collection services, group payroll services, local payment orders, mail and telegraphic transfers, night depository box, gold sale, and safety deposit box facilities. It also offers personal management trust, safekeeping, and trustee of pre-need plans services.
PHILIPPINE BUSINESS BANK, INC. 
