C07593-2026

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Oct 23, 2026
2. SEC Identification Number
36073
3. BIR Tax Identification No.
000-508-271-000
4. Exact name of issuer as specified in its charter
UNION BANK OF THE PHILIPPINES
5. Province, country or other jurisdiction of incorporation
METRO MANILA
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
UNIONBANK PLAZA, MERALCO AVENUE CORNER ONYX STREET, ORTIGAS CENTER, PASIG CITY Postal Code 1605
8. Issuer's telephone number, including area code
(02) 8841-8600
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON 3,316,405,584
11. Indicate the item numbers reported herein
ITEM 9 - OTHER EVENTS

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Union Bank of the PhilippinesUBP

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

UnionBank’s Net Income Climbs 53% Year-on-Year to P9.9 billion, strengthens its Next Gen Banking Proposition
Background/Description of the Disclosure

UnionBank of the Philippines (“UnionBank”) posted net income of P9.9 billion for the first nine months of 2026, up 53% compared to the same period last year. The Group sustained its performance on a quarter-on-quarter basis.

Topline growth remained strong with net revenues reaching P65.5 billion, up 8% year-on-year, driven by expanding margins and income from everyday banking transactions of the Bank’s growing retail customer base, which now stands at over 19.5 million. Consumer loans continue to comprise a significant portion of the Bank’s loan book, accounting for 62% of total loans – nearly triple the industry average.

Net interest income grew by 9% to P51.9 billion, supported by a 34-basis point improvement in net interest margin to 6.9%, among the highest in the industry. This was largely attributable to the 5% year-on-year increase in CASA deposits, growing in line with industry.

Non-interest income rose by 5% to P13.6 billion. Income from fees and commissions climbed 5% to P11.9 billion, supported by the Bank’s expanding customer base and growing Wealth business. Wealth and Bancassurance income increased 52% year-on-year, contributing 18% to total fees income.

The Bank maintained its focus on improving its cost-to-income ratio with disciplined operating expenses management and process improvement. As a result, operating expenses grew at a slower pace year-on-year compared to revenues, totaling P37.4 billion as of end of the third quarter.

Credit costs declined by P586 million year-on-year. Asset quality remained healthy with Gross and Net NPL ratios declining to 6.56% and 2.90% respectively, despite economic headwinds and NPL Coverage increasing to 75.77% vs 69.65% last year. Capital ratios remained well above regulatory requirements with CET1 at 13.7% and CAR at 14.6%. This provides the capability and resources to support future growth.

In line with its broader strategy to sharpen focus on core capabilities and businesses and continue leading toward NextGen banking in the Philippines, the UnionBank Board has also approved the plan to integrate the businesses of two subsidiaries, UnionDigital Bank, its digital bank, and UBX, its fintech subsidiary, into the parent Bank, subject to the required approvals from the Bangko Sentral ng Pilipinas and other regulatory authorities.

UBX and UnionDigital customers will be kept informed throughout the process and will receive advance notice of any future changes during the transition.

Completion of the transaction remains subject to regulatory approvals, including those required by the BSP and other regulatory authorities.

Please refer to the attached Press Release dated October 23, 2026, entitled “UnionBank’s Net Income Climbs 53% Year-on-Year to P9.9 billion, strengthens its Next Gen Banking Proposition”.
Other Relevant Information

N/A
Filed on behalf by:
Name Joselito Banaag
Designation Senior Vice President, General Counsel and Corporate Secretary