RCBC Q1 2025 Net Income Up by 10%; Reaches P2.43B

​Rizal Commercial Banking Corporation (RCBC) reported unaudited consolidated net income of P2.43 billion for the first quarter of 2025, higher by 10% from last year. Gross Revenues of P14.7 billion marked a 20% increase, coming from the continued strong momentum of the core business.

Net interest income of P12.3 billion was 29% better than last year, supported by the 12% improvement of the customer loan portfolio. Consumer loans led the rally by 39% uplift, driven by credit card receivables up by 44%, and cards-in-force reaching 1.3 million. Housing and Auto loans alse posted robust performances, climbing by 24% and 45%, respectively.

Service fee income likewise posted sustained growth, up to 26% year-on-year, fueled by credit card usage and loan transaction volume. Net Interest Margin improved to 4.2% with the continued expansion of higher-yielding consumer loans.

"Our fast-growing consumer portfolio is boosted by data science and analytics, leading customer acquisition in the right segments," RCBC President and CEO Eugene S. Acevedo said. "We continue to engage customers using our data-driven approach, providing solutions tailored to their needs and preferences."

The bank's total resources of P1.3 trillion were higher by 9% versus last year, largely attributable to the increase in the loan portfolio. Total deposits stood at P972 billion with CASA-to-total deposits ratio at 50%. RCBC maintaine a solid capital position at P160 billion, with capital ratios reflecting healthy buffers at 16.0% CAR and 13.5% CET1 ratio.

RCBC has garnered 13 awards year-to-date including "Best Bank for Digital" and "Best Bank for Customer Service" from Global Business Review Magazine showcasing the bank's strong performance in delivering customer-centric digital solutions and exceptional client service across all channels.

As of March 2025, RCBC had a total consolidated network of 469 branches, 1,468 automated teller machines, and 5,855 ATM Go terminals strategically located nationwide.