Philippine National Bank (PNB) investor relations material

Executive summary

• Net income rose 5% year-over-year to Php 6,367 million in 1Q 2026, with returns on equity and assets remaining stable at 11.30% and 1.91%, respectively.

• Revenue increased 6% year-over-year to Php 16,673 million, driven by net interest income and service fees.

Financial highlights

• Net interest income grew 6% year-over-year, supported by higher loan volumes and lower interest expense.

• Fee-based income increased 6% year-over-year, while other operating income declined 12%.

• Operating expenses rose 3% year-over-year to Php 8,299 million, but the cost efficiency ratio improved to 49.77%.

• Total resources reached Php 1,375 billion, with net loans and receivables comprising 57% of the mix.

Outlook and guidance

• Sustained revenue and loan growth expected, with continued focus on cost efficiency and asset quality.