MANILA, Philippines — Metropolitan Bank & Trust Co. (Metrobank) reported a net income of PHP12.6 billion in the first quarter of 2026, supported by steady asset expansion, improved margins, and sustained growth in fee-based income.
“Our first quarter results underscore the resilience of Metrobank’s core businesses and the consistency of our execution. 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,” said Fabian S. Dee, Metrobank President.
Net interest income increased by 13.6% to PHP33.4 billion, with net interest margin improving to 3.7%, up by 12 basis points. Gross loans grew by 9.2% year-on-year, driven by an 8.6% rise in corporate and commercial loans and 11.2% growth in consumer lending, reflecting broader economic expansion.
Total deposits reached PHP2.6 trillion, with low-cost Current and Savings Accounts (CASA) increasing by 8.4%, accounting for 59.2% of total deposits. The Bank maintained ample lending capacity, posting a loan-to-deposit ratio of 76.6%.
Fee and trust income rose by 11.8% to PHP5.1 billion, helping cushion the impact of market volatility on trading revenues.
Operating expenses grew by 9.8% to PHP21.1 billion, primarily due to 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%, well below the industry average of 3.44% as of February 2026. NPL coverage stood at 137.1%, providing a strong buffer against potential risks.
The Bank’s total consolidated assets expanded by 8.3% to PHP3.8 trillion, reinforcing its position as one of the country’s largest private universal banks. Equity grew by 5.1% to PHP396.4 billion.
Metrobank also maintained a robust capital position, with a Capital Adequacy Ratio (CAR) of 14.9% and Common Equity Tier 1 (CET1) ratio of 14.2%, both well above the minimum requirements set by the Bangko Sentral ng Pilipinas. Liquidity remained strong, with a Liquidity Coverage Ratio (LCR) of 151.1%.
Metrobank said it remains focused on sustaining growth, strengthening its core businesses, and supporting the evolving financial needs of its customers amid a dynamic economic environment.