Metropolitan Bank & Trust Co. reported a net income of P12.6 billion for the first quarter of 2026, driven by modest asset expansion, stronger margins and higher fee income.
Net interest income climbed 13.6% to P33.4 billion, with net interest margin improving to 3.7%. Gross loans rose 9.2% year-on-year, led by 8.6% growth in corporate and commercial lending and an 11.2% increase in consumer loans.
Total deposits expanded to P2.6 trillion, with low-cost CASA accounts up 8.4% and comprising 59.2% of the total. Loan-to-deposit ratio stood at 76.6%. Fee and trust income rose 11.8% to P5.1 billion, offsetting weaker trading income.
Operating expenses increased 9.8% to P21.1 billion, mainly due to transaction taxes and technology spending. Cost-to-income ratio was 52.5%.
Asset quality remained stable, with a non-performing loan ratio of 1.75%, below the industry average of 3.44% as of February. NPL cover stood at 137.1%.
Metrobank’s consolidated assets grew 8.3% to P3.8 trillion, ranking it the second-largest private universal bank by assets.
Equity rose 5.1% to P396.4 billion. Capital adequacy ratio was 14.9% and CET1 ratio 14.2%, both above regulatory minimums. Liquidity coverage ratio remained high at 151.1%.
