Metropolitan Bank & Trust Co. (Metrobank) announced a net income of PHP12.6 billion for the first quarter of 2026, driven by steady asset expansion, improved margins, and robust growth in fee-based income.
“Our first quarter results underscore the resilience of Metrobank’s core businesses and the consistency of our execution,” said Metrobank President Fabian S. Dee. “With strong capitalization, solid asset quality, and healthy buffers, we remain well-positioned to manage risks while continuing to support the growth and funding needs of our customers.”
Net interest income increased by 13.6% year-on-year to PHP33.4 billion, supported by a 12-basis point improvement in net interest margin to 3.7%. Gross loans expanded by 9.2%, reflecting sustained lending activity across key segments. Corporate and commercial loans grew by 8.6%, while consumer loans rose by 11.2%, signaling continued economic momentum.
Total deposits reached PHP2.6 trillion, with low-cost Current and Savings Accounts (CASA) increasing by 8.4% and accounting for 59.2% of total deposits. The Bank maintained ample lending capacity, with a loan-to-deposit ratio of 76.6%.
Fee and trust income climbed 11.8% to PHP5.1 billion, helping offset the impact of market volatility on trading income. Operating expenses rose by 9.8% to PHP21.1 billion, primarily due to higher transaction-related taxes and continued investments in technology. The cost-to-income ratio stood at 52.5%.
Metrobank’s asset quality remained stable, with a non-performing loan (NPL) ratio of 1.75%, largely unchanged from end-2025 and significantly below the industry average of 3.44% as of February 2026. NPL coverage stood at 137.1%, providing a strong buffer against potential risks.
Total consolidated assets grew by 8.3% to PHP3.8 trillion, reinforcing Metrobank’s position as the second-largest private universal bank in the Philippines by assets. Shareholders’ equity increased by 5.1% to PHP396.4 billion.
The Bank’s capital ratios remained well above regulatory requirements, with a Capital Adequacy Ratio (CAR) of 14.9% and a Common Equity Tier 1 (CET1) ratio of 14.2%. Liquidity also remained robust, with a Liquidity Coverage Ratio (LCR) of 151.1%.
With a strong balance sheet, diversified income streams, and disciplined risk management, Metrobank continues to be well-positioned to navigate evolving market conditions while supporting its clients’ growth and financing needs.
