Metropolitan Bank & Trust Company (MBT) Q1 2025 earnings summary

Executive summary

• Net income attributable to equity holders rose 2.13% year-over-year to ₱12.25 billion for Q1 2025, with EPS at ₱2.72, up from ₱2.67.

• Total assets stood at ₱3.48 trillion, down 1.28% from December 2024, mainly due to lower cash, deposits with BSP, and time deposits.

• Comprehensive income increased to ₱14.46 billion, driven by higher net income and net unrealized gains on FVOCI debt securities.

Financial highlights

• Gross revenue for Q1 2025 was ₱38.06 billion, up 7.9% year-over-year.

• Net interest income rose 2.37% to ₱29.38 billion, with net interest margin at 3.62%.

• Other operating income increased 31.87% to ₱8.68 billion, mainly from trading and fee-based income.

• Operating expenses grew 6.96% to ₱19.25 billion, with higher manpower and administrative costs.

• Provision for credit and impairment losses rose to ₱2.61 billion from ₱0.56 billion.

• Return on equity was 12.85% (down from 13.67%), and return on assets was 1.40% (down from 1.53%).

Outlook and guidance

• Management expects capital expenditures of ₱3–5 billion in 2025, with 70% allocated to IT.

• No material trends or uncertainties are expected to impact liquidity or operations.