Asia United Bank (AUB) and its subsidiaries today announced a record-breaking net income of P6.1 billion for the first six months of the year, a significant 17% increase from P5.2 billion reported in the same period last year. This marks AUB’s highest first-half income to date, nearly matching its full-year performance of P6.3 billion in 2022, and translates to a strong 3.3% Return on Assets (ROA) and 21.1% Return on Equity (ROE).
The impressive financial performance was primarily fueled by a 13% year-on-year growth in total revenues, reaching P11.2 billion from P9.9 billion. Earning assets expanded by a remarkable 21% to P382.6 billion from P316.5 billion, contributing to a 7% increase in net interest income to P8.8 billion, with a solid net interest margin ratio of 5%.
Non-interest income saw a substantial 40% rise to P2.4 billion, propelled by improved trading gains, foreign exchange gains, and service charges and other fees from various operating activities, including credit cards, AUB PayMate, HelloMoney, remittance business, trust, and other branch-related transactions.
Despite an 8% increase in operating expenses to P3.6 billion, mainly due to higher compensation, capital expenditures, and business growth-related costs, the group maintained a low cost-to-income ratio of 32.2%, a testament to its sustained operational efficiency.
AUB prudently increased its loan loss provisions by 134% year-on-year to account for its expanding loan volume. Demonstrating strong asset quality amidst volume expansion, the non-performing loan (NPL) ratio improved slightly to 0.41% from 0.43% a year ago, with a robust NPL coverage ratio of 115.8%.
In line with the momentum of the Philippine economy, AUB’s total loan portfolio surged by 36% year-on-year, reaching P255.6 billion from P187.9 billion. Total deposits also grew by 16% year-on-year to P325.8 billion, effectively supporting the growth in business volume. The bank continued to benefit from low funding costs, with low-cost deposits (Current Account/Savings Account or CASA) comprising 79% of its total deposits, up from 75% in the previous year.
Total assets expanded by 16% year-on-year to P404.5 billion from P349.0 billion. Total equity increased by 26% to P64.9 billion from P51.4 billion, primarily driven by retained earnings. AUB remains adequately capitalized, with capital ratios well above regulatory requirements, posting an indicative Common Equity Tier 1 Ratio of 18.13% and a Capital Adequacy Ratio of 18.85%, higher than the previous year’s 17.9% and 18.7%, respectively.
Further demonstrating its commitment to shareholders, AUB declared a P2 per share cash dividend on July 25, 2025, payable in two tranches: the first on August 22, 2025 (record date August 15, 2025), and the second on September 30, 2025 (record date September 22, 2025). Additionally, stockholders approved a 100% stock dividend on June 27, 2025, payable on August 15, 2025, to stockholders of record as of July 25, 2025.
“Sustaining our profitability since the pandemic is no mean feat, thanks to our robust core business and digital partnerships,” said AUB President Manuel A. Gomez. “We will remain relentless in our efforts to reach out to the unbanked and underserved, and in helping every Filipino achieve economic mobility.”
Despite the downgraded growth forecast for the Philippine economy for this year due to tariffs, trade uncertainty, geopolitical tensions, and other external headwinds, AUB remains optimistic about achieving its performance targets.
