Metrobank Posts P12.6B Net Income in Q1 2026 on Strong Lending, Fee Growth

Metropolitan Bank & Trust Company reported a net income of P12.6 billion in the first quarter of 2026, supported by loan growth, improved margins, and higher fee-based income.

Metrobank's Q1 performance underscores the resilience of its core businesses and the consistency of its execution. (Photo: Federal Land)

“Our first-quarter results underscore the resilience of Metrobank’s core businesses and the consistency of our execution,” said President and Executive Director, Fabian S. Dee.

“With strong capitalization, solid asset quality, and healthy buffers, we remain well-positioned to manage risks while supporting the growth and funding needs of our customers.”

Net interest income rose 13.6% to P33.4 billion, while net interest margin improved by 12 basis points to 3.7%.

Gross loans increased 9.2% year-on-year, driven by:

• Corporate and commercial lending (+8.6%) 

• Consumer loans (+11.2%) 

Total deposits expanded to P2.6 trillion, with low-cost current and savings accounts (CASA) rising 8.4% and accounting for 59.2% of total deposits.

The bank maintained a loan-to-deposit ratio of 76.6%, indicating ample capacity to support further lending.

Fee and trust income grew 11.8% to P5.1 billion, helping offset weaker trading income amid market volatility.

Meanwhile, operating expenses increased 9.8% to P21.1 billion, largely due to transaction-related taxes and technology investments. The cost-to-income ratio stood at 52.5%.

Asset quality remained stable, with the non-performing loan (NPL) ratio at 1.75%, below the industry average of 3.44% as of February 2026. NPL coverage stood at 137.1%, providing a strong buffer against potential risks.

Total consolidated assets rose 8.3% to P3.8 trillion, while equity increased 5.1% to P396.4 billion.

Metrobank’s capital position remained robust, with a Capital Adequacy Ratio (CAR) of 14.9% and a Common Equity Tier 1 (CET1) ratio of 14.2%, both above regulatory requirements set by the Bangko Sentral ng Pilipinas. Its Liquidity Coverage Ratio (LCR) stood at 151.1%.