Metrobank nets P12.6B in first quarter of 2026

Metropolitan Bank & Trust Co. (Metrobank) posted a P12.6-billion net income in the first quarter of the year, backed by asset expansion, improved margins, and higher fee income during the period.

The bank’s net interest income grew 13.6% to P33.4 billion, with net interest margin up 12 basis points to 3.7%. Gross loans for the quarter increased by 9.2%, with corporate and commercial loans up 8.6% and consumer loans up 11.2%.

Metrobank ended the quarter with P2.6 trillion in deposits, with more than half, or 58.2%, accounted for by low-cost Current and Savings Accounts (CASA) which rose 8.4%. Loan-to-deposit ratio stood at 76.6%.

Fee and trust income increased 118% to P5.1 billion, while operating costs grew 9.8% to P21.1 billion, on the back of transaction-related taxes and technology expenses. The cost-to-income ratio was recorded at 52.5%.

“Our first quarter results underscore the resilience of Metrobank’s core businesses and the consistency of our execution,” Metrobank president Fabian Dee said in a regulatory filing.

“With strong capitalization, solid asset quality and helthy buffers, we remain well-positioned to manage risks while continuing to support the growth and funding needs of our customers,” he added. —VAL, GMA News