Metropolitan Bank & Trust Co. · PSE:MBT
Metropolitan Bank & Trust — 1H 2025 Earnings Presentation
38 slides from Metropolitan Bank & Trust's earnings presentation, August 2025
Slide 1: 1H25 Company Presentation
<& Metrobank BA vourre in good hands 1H25 Company Presentation
Slide 2: Macroeconomic View
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Slide 3: Recent macroeconomic developments
Recent macroeconomic developments As of 3 July 2025 Modest GDP growth in 1Q25 Inflation still under control due to slower food prices FY GDP Growth (% YoY) PH CPI vs. BSP’s CPI Target (% YoY) 7.6 BSP Target Headline Core 5.5 5.7 5.7 5.4 2.2 1.4 2021 2022 2023 2024 1Q25 Jun-22 Jun-23 Jun-24 Jun-25 BS
Slide 4: Banking industry trends
Banking industry trends As of 15 July 2025 Loans sustain double digit growth while NPL remains steady CASA growth picks up; system liquidity eases Loan growth Deposit Growth CASA Growth 20. 0% 14. 0% 12. 0% 15. 0% 12.4% 10. 0% 8.0 % 10. 0% 6.0 % 5.6% 5.0 % 4.0 % 5.4% 2.0 % 0.0 % 0.0 % 2021 2022 2023
Slide 5: Financial Performance 1H 2025
FINANCIAL PERFORMANCE 1H 2025
Slide 6: 1H25 Highlights
1H25 Highlights Earnings: Net income of P24.8bn with PPOP growth of 16.3% driven by asset expansion, robust trading income and better cost efficiency. Improving quarterly trends in NIMs, CIR and PPOP. Balance Sheet: Healthy loan growth of 13.2%. Strong balance sheet and liquidity ratios. CET1 ratio
Slide 7: 1H25/2Q25 earnings highlights
1H25/2Q25 earnings highlights YoY YoY 33.6 39.1 PPOP +16% 16.3 19.2 14.1 18.8 20.3 PPOP +24% 23.6 24.8 Net Income +5% 50. 0 11.6 12.1 12.4 12.3 12.6 Net Income +9% 40. 0 1.1 +5% +4% 30. 0 27.8 30.7 0% +5% 29.4 60.0 20. 0 29.3 28.4 In PHP billions 58.0 3.6x 15.5x 10. 0 4.6 4.6 4.6 9.2 4.6 6.0 4.7 2.6
Slide 8: Net interest income drivers
Net interest income drivers Asset growth supported by steady build up in interest from loans NIMs sequentially higher YoY YoY NII 58.0 60.0 +3.6% 29.3 27.8 28.4 29.4 30.7 +4.7% NII NIM BSP Policy Rate 7.00% 70.00 6.00% 6.50% 60.00 6.25% 5.75% 5.75% 63.7 +10% 29.7 30.7 31.3 31.5 +8% 32.2 5.00% 50.00
Slide 9: Margin drivers
Margin drivers Rising NIM trend on steady asset yields and lower funding costs Steady asset yield trend across most products Investment securities yield Quarterly NIM Asset yield Loan yield Funding cost Deposit cost 15.5% 15.2% 15.1% 14.7% 14.6% 7.3% 7.3% 7.1% Credit Cards 6.7% 6.8% 5.7% 5.6% 5.5% 5
Slide 10: Loan portfolio profile
Loan portfolio profile Still driven by robust commercial and consumer loans Sustained corporate loan demand Consumer Corporate & Commercial 1,60 0 SME Corporate & Middle Market YoY 1,40 0 In PHP billions 2,00 0 1,833 1,849 1,868 20% +13% 1,20 0 1,00 0 +13% 1,650 1,700 800 1,318 1,322 1,335 600 1,184
Slide 11: Deposit profile
Deposit profile Continued to manage high cost deposits CASA ratio back to pre-pandemic level 110 % CASA TDs YoY 100 % 2,574 24% 90% 2,430 -3.5% 27% 33% 2,346 80% 37% 42% 42% 37% 2,284 2,233 70% 60% 50% 1,086 73% 76% 67% -14.3% 40% 1,022 TDs 63% 58% 58% 63% 873 In PHP billions 861 30% 796 20% 10% 201
Slide 12: Non-interest income drivers
Non-interest income drivers Robust growth on the back of strong trading income Consumer business continue to drive fee income growth YoY 12.1 YoY 17.6 Breakdown of 1H25 NOII excluding Trading Income 46% +64% (% to total) 5% 0% 4.6 8.7 8.9 15% Others 12.0 9.2 5.4 5.9 Trust 15% 32% Consumer In PHP bil
Slide 13: Operating expense breakdown
Operating expense breakdown Moderating cost growth Cost to income ratio eases YoY YoY 38.6 +6% +5% 60.0% 58.8% 20.6 20.2 36.4 19.3 19.3 18.4 53.0% 55.0% 9.1 +6% 4.7 51.7% 8.7 4.6 50.6% 4.6 4.5 +3% 50.0% 48.8% 4.4 In PHP billions 5.1 +7% 2.5 2.4 4.8 2.6 +9% 45.0% 2.4 2.6 3.0 1.7 1.6 3.3 1.5 1.5 -9% 1
Slide 14: Provisions trend
Provisions trend Credit cost still normalizing from a low base NPL cover up QoQ - still provides substantial buffer Provisions for Credit Cumulative Allowance YTD Est. Credit Cost 70 47.1 47.2 63 44.0 43.7 50.0 57 42.5 54 60 In PHP billions 40.0 50 in bps 35 30.0 40 20.0 30 7.9 8.5 6.4 10.0 13 5.8 2
Slide 15: Asset quality indicators
Asset quality indicators Lower NPLs from 1Q25 NPL ratio far below industry level NPL NPL ratio Industry NPL ratio 35.0 29.3 28.4 5.0 % 30.0 27.1 26.8 26.0 3.5% 25.0 4.0 % 3.6% 3.5% 3.3% 3.5%* In PHP billions 20.0 3.0 % 15.0 2.0 % 1.7% 1.6% 1.6% 1.5% 10.0 1.4% 1.0 % 5.0 0.0 % - 1H24 9M24 2024 1Q25 1H
Slide 16: Asset quality indicators
Asset quality indicators Minimal restructured loans Combined NPLs and restructured loans well below industry NPLs MBT Restructured loans ratio MBT Combined NPL + Restructured Loans as Ratio to Gross Loans Industry Restructured Loans Ratio 4.5 % Industry NPL Ratio 4.0 % 2.1% 2.0% 2.0% 2.1% 3.6% 2.0%*
Slide 17: Asset quality indicators
Asset quality indicators Commercial NPL ratio still on a downward trend Consumer NPL ratio stabilizes, still well below industry levels Note: NPL Ratios computed using Net of Unearned Interest and Discount (UID) *Industry Data refers to Philippine Banking Sector data from the BSP 2025 Metropolitan B
Slide 18: Consumer asset quality trend
Consumer asset quality trend Auto NPL picked up Mortgage NPL ratio slightly up QoQ CCL NPLs eases still below industry NPL ratio (Auto) Industry (Auto) NPL ratio (Mortgage) NPL ratio (CCL) Industry (CCL) Industry (Mortgage) 5.7% 5.4% 5.0% 5.0% 4.9% 6.7% 6.8% 6.3% 6.4% 4.6% 4.4% 4.6% 4.4% 2.7% 2.4% 3
Slide 19: Other asset quality indicators
Other asset quality indicators Real and other properties acquired (ROPA) still below 1% Total non-performing assets (NPA) remained flat ROPA Ratio to Gross Loans NPA NPA Ratio 45 1.4 % 12 0.7% 0.6% 43 0.6% 1.1% 1.1% 1.2 % 1.1% 1.1% 12 0.6% 0.6% 0.6% 0.6% 41 1.0% 1.0 % 11 39 0.5% In PHP billions In P
Slide 20: Capital and liquidity
Capital and liquidity Capital ratios expand providing healthy buffers Liquidity ratios still above threshold 20. 0% CAR CET-1 15% BLR 19. 0% 10. 0% 9.0% 9.7% 9.5% 9.3% 9.7% 9.0 % 14% 18. 0% 8.0 % 17.1% 16.7% 7.0 % 17. 0% 16.3% 6.0 % 16.7% 13% 5.0 % Min BLR 5% 16. 0% 15.4% 4.0 % 16.3% 15.9% 15.6% 1H2
Slide 21: Return on Equity – Trend
Return on Equity – Trend Return on Equity (ROE) Medium-term ROE drivers 13.0% Portfolio Growth 12.5% 13.3% 14.0% 13.1% • Grow loans portfolio by 1.5x-2.0x Real GDP 13.5% 10.3% 9.5% 13.0% 12.5% • Increase consumer to at least 25% of total portfolio 6.9% 12.0% • Increase CASA share 4.4% 11.5% • Improv
Slide 22: Digital Metrics on Retail Clients
Digital Metrics on Retail Clients Digital penetration ratio still on an uptrend at 2024 2Q25 45% as of 2Q25, up from 39% PY, with 2.2M total digital users 50% P90Day active base up by 45% 1.51M 1.60M 6% YTD, which shows that 45% 43% 1.60M out of the 2.2M are 40% 39% active users 37% 35% Note: Due to
Slide 23: Outlook – Positives and Challenges
Outlook – Positives and Challenges • Healthy corporate capex and discretionary • Weaker macro conditions affecting consumer and consumer spending driving loan demand. Further rate business sentiment cuts to drive commercial client demand. o Renewed inflationary pressures and FX volatility o Crowding
Slide 24: Financial Summary
Financial Summary In PHP billions Balance Sheet 1H24 1H25 YoY Income Statement 1H24 1H25 YoY Total Assets 3,280 3,477 6.0% Net Interest Income 58.0 60.0 3.6% Loans and Receivables, Gross 1,650 1,868 13.2% Total Deposits 2,430 2,346 -3.5% Non Interest Income 12.0 17.6 46.2% CASA 1,408 1,473 4.6% Equi
Slide 25: Additional Information
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Slide 26: Metropolitan Bank & Trust Company (Metrobank)
Metropolitan Bank & Trust Company (Metrobank) Overview Financial Data (PHP bn) 1H 2025 DIVERSIFIED Total Assets 3,477 62 YEARS OF MULTI-AWARDED FINANCIAL CONGLOMERATE TRADING INFORMATION MBT PM | MBT.PS Ticker Loans and Receivables, Gross Total Deposits 1,868 2,346 SERVICE EXCELLENCE USD 5.7 Bn Mark
Slide 27: Ownership and Investment Information
Ownership and Investment Information CORPORATE STRUCTURE MARKET DATA Trading information Ticker: GTCAP PM / GTCAP.PS Market cap: USD2.0 Bn Ty Family Ticker (Bloomberg | Reuters) MBT PM | MBT.PS & Other Free Related float Par value (PHP) 20.00 Parties Outstanding shares 4,497,415,555 37.3% 14.8% 47.8
Slide 28: Extensive Domestic and Overseas Coverage
Extensive Domestic and Overseas Coverage Total Group 18,700+ employee base Note: Includes Parent + Major Subs of the Bank Domestic Branch and ATM Networks Overseas Network Coverage 964 28 branches Branches, subsidiaries, offices 2,261 ATMs 100+ Remittance tie-ups 150+ Remittance agents 2025 Metropol
Slide 29: Dividend Policy
Dividend Policy 1. Growth prospects intact Key information • Sufficient buffer to meet healthy loan demand sustainably over the medium term Regular Cash • PHP3.00 Dividends per share • Semi-annual payout 2. Robust NPL risk buffers already in place • NPL cover continues to remain ample vs. risk of ri
Slide 30: Integrating Sustainability Across Our Core Banking Strategy
Integrating Sustainability Across Our Core Banking Strategy Governance and Risk Integration Energy Transition Strategy ESG Operations Enablement SUSTAINABLE FINANCE COAL EXPOSURE REDUCTION ESG DATA MGMT SYSTEM* FRAMEWORK (SFF) TARGET We are working on onboarding a Our SFF aligns with the BSP Circula
Slide 31: Key Sustainable Finance Projects and UN SDG Contributions
Key Sustainable Finance Projects and UN SDG Contributions Sustainable Finance Projects in Action Supporting UN Sustainable Development Goals 2025 Metropolitan Bank & Trust Company 31 This document is for internal use only and may contain privileged, proprietary or otherwise private information. It m
Slide 32: Debt Issuances
Debt Issuances Unissued 2024 28.0 Bond Issuance 0.5 2022 76.3 USD22 Billion USD1 billion PHP2001 Medium- 2021 42.5 Billion Bond Programme 1.0 Term Note 5-Y and 10-Y USD Notes Programme Listed March 2024 2020 0.5 5-Y: 5.375% 19.0 23.7 10Y: 5.50% 2019 interest rate p.a. 2018 • 1The Board of Directors
Slide 33: Outstanding Debt Issuances & Investment Grade Credit Ratings
Outstanding Debt Issuances & Investment Grade Credit Ratings Debt Issuance Details Baa2 Coupon Maturity Amount May-25 Type Issue Date Stable Rate Date • High capitalization, with a proven history of Bond PHP 2026 47.56 shareholder support Jun-21 3.60% Sep-26 PHP19Bn • Robust asset quality and adequa
Slide 34: Loan Portfolio Breakdown
Loan Portfolio Breakdown MBT Loan Portfolio By Industry Philippine Banks Loan Portfolio By Industry YoY YoY 12% 12% 11% 12% 11% 15% 14% 13% 15% 14% Trade +18% Trade 9% +11% 11% 10% 10% 10% 12% 10% 11% 9% 13% +3% Manufacturing -3% Manufacturing 20% 20% 19% 18% 18% 20% 20% 19% 18% +9% 19% Real Estate
Slide 35: Currency Breakdown
Currency Breakdown LOAN PORTFOLIO DEPOSITS Foreign Foreign Currency, 15% Currency, 17% Philippine Philippine Peso, Peso, 85% 83% 2025 Metropolitan Bank & Trust Company 35 This document is for internal use only and may contain privileged, proprietary or otherwise private information. It must not be r
Slide 36: Recent Awards and Recognition
Recent Awards and Recognition Best Bank for Ultra- Best Bank for Best Bank for Large Best High-Net-Worth* Bank of the Year Strongest Bank Corporate Corporates in the in the Philippines Domestic Bank in in the Philippines 2024, 2023, 2022 Responsibility in the Philippines the Philippines Philippines
Slide 37: For more information, please visit our website
For more information, please visit our website: Latest Annual Reports 2024 2023 2022 Financial Reports SEC 17-A SEC 17-Q BSP SOC Investor Relations https://metrobank.com.ph/about-us/investor-relations-program For your comments and queries contact us via: Annual Corporate Governance Report investor.r
Slide 38: You're in good hands
S Metrobank You're in good hands THE BANKER ‘THE ASIAN BANKER’ THE STRONGEST BANK BIN THE PHILIPPINES 2023 t by balance shee
Metropolitan Bank & Trust Company — 1H 2025 Earnings Presentation on 6ix