The Bank of the Philippine Islands' (PSE:BPI) net income for the first quarter of 2025 rose 9% annually to 16.6 billion Philippine pesos from 15.3 billion pesos a year earlier, according to a Thursday filing with the Philippine bourse.

For the three months ended March 31, the lender's revenues jumped 13.1% annually to 44.7 billion pesos, driven by higher net interest income and non-interest income.

Total assets rose 6.9% annually to 3.3 trillion pesos, while gross loans jumped 13.2% to 2.3 trillion, thanks to strong growth across all portfolios, it added.