Metropolitan Bank & Trust Company (MBT) Q1 2026 earnings summary

Executive summary

• Net income attributable to equity holders rose 2.86% year-over-year to P12.60 billion for Q1 2026, driven by higher interest income and improved net interest margin.

• Total assets decreased 2.99% from December 2025 to P3.76 trillion, mainly due to lower investment securities and cash balances.

• Comprehensive loss of P2.69 billion for Q1 2026, a reversal from P14.46 billion income in Q1 2025, due to unrealized losses on FVOCI debt securities.

Financial highlights

• Gross revenue for Q1 2026 was P40.51 billion, up from P38.06 billion year-over-year.

• Net interest income increased 13.57% to P33.36 billion.

• Operating expenses rose 9.83% to P21.15 billion, mainly from higher taxes, licenses, and service costs.

• Provision for credit and impairment losses increased to P3.37 billion from P2.61 billion.

• Earnings per share (EPS) improved to P2.80 from P2.72 year-over-year.

Outlook and guidance

• Capital expenditures for 2026 are estimated at P3.0–P5.0 billion, with 70% allocated to IT.

• No significant trends or uncertainties expected to materially impact liquidity or operations.

• Subsequent to Q1, P35.0 billion in ASEAN Sustainability Peso bonds were issued at 5.4727% interest.