PNB Posts ₱6.37B Profit in Q1 2026 on Strong Lending Growth

Philippine National Bank (PSE: PNB) reported a net income of ₱6.37 billion for the first quarter of 2026, marking a 5% year-on-year increase, supported by steady growth in core income.

Higher loan volumes, disciplined balance sheet management, and prudent cost controls drove PNB's improvement. (Photo: SJasminum, Wikimedia Commons)

The bank said higher loan volumes, disciplined balance sheet management, and prudent cost controls drove the improvement. Net interest income rose 6%, while net fee income also increased by 6%, as the bank expanded its revenue base despite a volatile interest rate environment.

PNB’s total loan portfolio grew 15% year on year. Total deposits reached ₱1.01 trillion, with an 80% low-cost current and savings account (CASA) ratio.

Chief Financial Officer Francis Albalate said the bank’s return on assets (ROA) remained solid at 1.91% in the first quarter, reflecting efficient asset deployment and a balanced loan mix.

Return on equity (ROE) stood at 10.8%, indicating sustained profitability. Asset quality remained stable, with the non-performing loan (NPL) ratio at 4.78%.

President and CEO Edwin Bautista said the bank continued to make progress despite global economic headwinds.

“We delivered solid first-quarter results on the back of a strong balance sheet and growing core income,” Bautista said. “We are building momentum through focused growth, tighter cost control, and improving asset quality, while continuing to advance our digital and AI initiatives.”

PNB also said Moody's Ratings affirmed its investment-grade rating with a stable outlook, citing its strong capital position.

The bank was likewise included in the World’s Best Banks 2026 list by Forbes in partnership with Statista.

The ranking covered more than 54,000 respondents across 34 countries and assessed banks based on trust, customer service, digital offerings, and financial advice.

In addition, PNB was recognized by the Philippine Dealing System Group as the Top Fixed Income Brokering Participant during its 21st annual awards, marking the bank’s third consecutive win.