UnionBank net income down 24.4% to P6.5 billion in first nine months

UnionBank reported a net income of P6.5 billion for the first nine months of 2025, a 24.4% decrease from P8.6 billion a year ago.

Despite the year-on-year decline, the bank's third-quarter earnings jumped by 77% quarter-on-quarter to P3.2 billion.

This growth was fueled by strong performance in the consumer business, particularly a 16% increase in unsecured consumer loans to P138.5 billion, representing 60% of total loans.

Net revenues climbed by 7.2% year-on-year to P60.5 billion, driven by sustained expansion in retail lending and a 51 basis point improvement in net interest margins to 6.4%.

A nine percent increase in low-cost current and savings accounts (CASA) deposits contributed to reduced funding costs.

Operating expenses reached P35.5 billion due to investments in customer acquisition, service delivery, and digital initiatives.