RCBC Net Profit up 12% in Q1 2026 from Core Business Growth

Rizal Commercial Banking Corporation ended the first quarter of 2026 with an unaudited consolidated net profit of P2.7 billion, a 12% increase over the previous year. Sustained expansion of the bank’s core business and lower funding costs pushed net interest income to P15.4 billion, a 25% increase year-on-year.

Total gross revenues climbed by 16% to reach P17.0 billion, bolstered by the sustained strength of core lending activities. Consumer loans grew by 27%, continuing to outpace the broader industry despite economic headwinds. Key growth catalysts included a 39% uplift in auto loan volumes, a 28% expansion in credit card receivables, and a 17% increase in housing loans, as RCBC continues to leverage its data-driven acquisition strategies to focus on growth in high-quality credit segments.

Total deposits grew by 9% to P1.0 trillion, maintaining a CASA-to-total deposits ratio of 50%. The expansion of RCBC’s digital ecosystem through platforms such as Diskartech and Pulz continues to contribute to CASA growth. Deposit costs decreased by 29% year-on-year, allowing the bank to efficiently fund its growing portfolio and strengthen its balance sheet.

The bank’s net interest margin improved to 5.2%, driven by the expansion of high-yielding consumer segments and the reduction to the bank’s funding costs. Core business growth was further supported by a 9% improvement in service fees and commissions, which amounted to P2.8 billion. 

“Our focus has always been on building resilient platforms that scale responsibly, support growth, and deliver consistent value to our customers,” said RCBC President and CEO Reggie Cariaso, emphasizing that innovation grounded in strategic discipline and customer centricity remains the key strength of the bank. 

RCBC has earned 12 awards since the beginning of the year, including the “Best Bank for Customer Service Philippines” from the Global Business Review Magazine and the “Excellence in Financial Inclusion” from the RBI Asia Trailblazer Awards.

As of March 31, 2026, RCBC’s consolidated network stood at 470 branches, 1,520 ATMs, and 4,632 ATM Go terminals strategically located throughout the country.