Metrobank's first-half 2026 net income reaches P24.9B

The Metropolitan Bank & Trust Co. (Metrobank) on Friday posted a slight increase in its net income for the first six months of the year, as net interest income and operating costs both posted double-digit growth during the period.

The lender reported a net income of P24.9 billion in the first half of 2026, slightly higher than the P24.8 billion recorded in the same period last year. Net interest income rose 12.8% to P67.7 billion, while its net interest margin remained steady at 3.7%.

Gross loans jumped 12.4%, with corporate and commercial loans up 12.8%, and consumer loans up 11.1% driven by credit cards and mortgage loans.

Operating costs increased by 10.1% to P42.4 billion on higher transaction volume-related taxes and technology expenses, bringing the cost-to-income ratio to 52.4%.

“The operating environment remained challenging in the first half, requiring us to stay disciplined and focused. Our results reflect the strength of Metrobank’s core businesses, the continued trust of our clients, and our prudent approach to balancing growth and risk,” Metrobank President Fabian Dee said.

“We will continue to support our clients while pursuing sustainable growth in an uncertain environment,” he added.

Metrobank shares were last trading at P66.90 apiece, up 40 centavos, or 0.60%, from Thursday's close of P66.50. –VBL, GMA News