Metropolitan Bank & Trust Company (MBT) Q2 2025 earnings summary

Executive summary

• Net income attributable to equity holders rose 5.26% year-over-year to P24.85 billion for the six months ended June 30, 2025, driven by higher interest income and trading gains.

• Total assets stood at P3.48 trillion, down 1.22% from December 31, 2024, mainly due to lower deposits and cash balances.

• Comprehensive income increased by P6.85 billion year-over-year, reflecting improved net income and net unrealized gains on FVOCI securities.

Financial highlights

• Net interest income for the six months reached P60.04 billion, up 3.57% year-over-year.

• Other operating income surged 46.21% to P17.59 billion, mainly from trading and securities gains.

• Operating expenses rose 5.94% to P38.55 billion, primarily due to higher manpower and miscellaneous costs.

• Provision for credit and impairment losses increased to P5.88 billion from P1.03 billion year-over-year.

• Earnings per share improved to P5.52 from P5.25 year-over-year.

Outlook and guidance

• The bank expects capital expenditures of P3.0 to P5.0 billion for 2025, with 70% allocated to information technology.

• Liquidity remains strong, with cash inflows covering 64.57% of deposits maturing within one year, and 82.73% when including liquid securities.