Metropolitan Bank & Trust Company (MBT) investor relations material

Executive summary

• 9M26 net income was PHP36.736bn, down from PHP37.957bn; net income attributable to equity holders was PHP36.327bn versus PHP37.278bn.

• NII rose 11.9% to PHP102.710bn, supported by 13% loan growth and higher NIM.

• Gross loans reached PHP2,129bn; CASA deposits were PHP1,555bn, or 61% of deposits, and CET1 was 13.8%.

Financial highlights

• 9M26 operating income rose 5.3% to PHP123.4bn; operating expenses increased 11.9% to PHP64.830bn, and credit provisions rose 38.8% to PHP12.058bn.

• Q3 net income was PHP11.524bn versus PHP12.624bn; income attributable to equity holders was PHP11.425bn versus PHP12.432bn.

• 9M other income fell to PHP20.683bn from PHP25.378bn; service fees and trust income rose 6.7% to PHP14.9bn, while trading and FX gains fell 71.5% to PHP1.9bn.

• 9M PPOP was PHP58.5bn, down 1.2%; cost-to-income ratio rose to 52.92% from 49.79%.

• 9M EPS was PHP8.08 versus PHP8.29; comprehensive income fell to PHP11.041bn from PHP45.288bn, mainly due to adverse FVOCI valuation movements.

Outlook and guidance

• Substantial NPL coverage provides flexibility to manage credit costs; strong balance sheet and liquidity support loan expansion as demand recovers.

• Prolonged weakness in consumer and business sentiment amid geopolitical and domestic political uncertainty could weigh on loan demand and raise asset-quality risks.

• Medium-term priorities include loan growth of 1.5x–2.0x real GDP, consumer loans at least 25% of the portfolio, and CIR below 50%; 2026 capex is estimated at PHP3.0bn–PHP5.0bn, 70% for IT.