Metropolitan Bank & Trust Co. · PSE:MBT
Metropolitan Bank & Trust — FY2025 Earnings Presentation
37 slides from Metropolitan Bank & Trust's earnings presentation, February 2026
Slide 1: Full year 2025 Company Presentation
Full year 2025 Company Presentation February 2026
Slide 2: Macroeconomic View
MACROECONOMIC VIEW
Slide 3: 2025 macroeconomic developments
2025 macroeconomic developments As of 5 February 2026 GDP growth slows on weak government spending FY25 inflation of 1.7% below BSP target range FY GDP Growth (% YoY) PH CPI vs. BSP’s CPI Target (% YoY) BSP Target Headline Core 7.6 5.5 5.7 5.7 4.4 4.0 2.4 2.0 1.7 2021 2022 2023 2024 2025 Dec-21 Dec-
Slide 4: Banking industry trends
Banking industry trends As of 12 March, 2026 Loan growth eases on lower corporate demand; consumer growth still robust CASA growth picked up; Asset quality improved Loan Growth Deposit Growth CASA Growth 14. 0% 25. 0% Loans net of BSP RRP Institutional Consumer 12. 0% 19.1% 20. 0% 10. 0% 15. 0% 8.0
Slide 5: Financial Performance
FINANCIAL PERFORMANCE FY 2025
Slide 6: FY2025 Highlights
FY2025 Highlights Earnings: Record FY25 net income of P49.7bn with PPOP up 17.1% YoY driven by asset growth, robust trading income and better cost efficiency Balance Sheet: Loan growth moderates to 8.8%. Strong balance sheet and liquidity ratios. CET1 ratio remains elevated at 16.1%, well above mini
Slide 7: FY25 earnings highlights
FY25 earnings highlights YoY YoY 66.9 78.4 PPOP +17% 14.1 18.8 20.3 20.2 19.1 PPOP +36% 48.1 49.7 Net Income +3% 12.4 12.3 12.6 12.4 12.4 Net Income +0% Net Interest Net Interest +9% 50. 0 Income 40. 0 +16% Income 40. 0 Service Fees Service Fees +6% +12% 124.6 30. 0 114.1 and Trust 2 30. 0 and Trust
Slide 8: Net interest income drivers
Net interest income drivers Higher NII driven by loan growth and easing funding costs NIM improved YoY despite 125 bp policy rate cut YoY YoY NII 114.1 124.6 +9% 28.4 29.4 30.7 31.8 32.8 +16% NII NIM BSP Policy Rate 60.0 7.0 0% 70. 00 100 % 50.0 80% Interest 6.0 0% 60. 00 +7% from loans +4% 40.0 5.7
Slide 9: Margin drivers
Margin drivers 4Q NIM higher YoY despite rate cuts due to improved costs Asset yields decline as central bank’s cut 125 bps in 2025 Corporate & Commercial Auto Home Credit Cards Investment securities yield Quarterly NIM Asset yield Loan yield Funding cost Deposit cost 15.07% 14.73% 14.78% 14.58% 14.
Slide 10: Loan portfolio profile
Loan portfolio profile Consumer loan growth outpacing institutional loans Moderating corporate loan demand Corporate & Commercial Consumer 2,50 0 SME Corporate & Middle Market 1,80 0 1,60 0 In PHP billions YoY 1,40 0 1,993 +9% 1,20 0 +7% 1,00 0 1,833 2,00 0 1,411 800 1,318 1,046 1,112 897 600 1,567
Slide 11: Deposit profile
Deposit profile High cost deposits steady as CASA grows in line with industry CASA ratio slightly higher CASA TDs 110 % CASA TDs YoY 100 % +3% 24% 90% 2,661 27% 33% 2,574 80% 37% 40% 42% 41% 70% 2,383 60% 2,221 50% 0% 40% 73% 76% 67% 1,086 63% 60% 58% 59% 1,930 1,086 30% 1,797 943 20% In PHP billion
Slide 12: Non-interest income drivers
Non-interest income drivers Trading gains driving Non-II growth; fee income catches up in 4Q Consumer still major contributor to fee income YoY YoY 33.5 +12% 8.9 +37% Breakdown of FY25 NOII excluding Trading 8.7 30.0 8.1 Income 7.8 (% to Total) Others 5.9 15% Consumer In PHP billions 4.6 4.6 19.2 Pr
Slide 13: Operating expense breakdown
Operating expense breakdown Over-all cost growth still well contained despite rising tech costs Improving cost to income ratio YoY YoY 79.7 +3% 21.7 +8% 59.0% 77.2 60.0% 20.2 19.3 19.3 19.4 54.3% 55.0% 53.8% 52.1% 29.6 +1% 7.7 +2% 50.7% 29.2 50.0% 49.6% 7.6 6.9 In PHP billions 7.5 7.5 -3% -11% 45.0%
Slide 14: Provisions trend
Provisions trend Credit cost normalizing from low base in FY24 NPL cover still provides substantial buffer Provisions for Credit Cumulative Allowance YTD Est. Credit Cost 91 180% 100 50.0 90 175% 172% 47.8 47.1 47.2 48.0 80 163% 164% In PHP billions 40.0 42.5 70 57 53 63 in bps 60 30.0 141% 50 20.0
Slide 15: Asset quality indicators
Asset quality indicators Higher NPLs in 2025 attributed to retail portfolio NPL ratio still well below industry level NPLs Industry NPL Ratio MBT NPL ratio 34.1 31.1 3.6% 29.3 3.5% 28.4 3.3% 3.4% 3.2% 26.0 1.7% 1.7% 1.6% 1.5% 1.4% 2024 1Q25 1H25 9M25 2025 2024 1Q25 1H25 9M25 2025 Note: Gross loans n
Slide 16: Asset quality indicators
Asset quality indicators Restructured loans remained minimal 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 Industry NPL Ratio 4.5 % 2.1% 2.1% 2.0% 2.0% 4.0 % 2
Slide 17: Asset quality indicators
Asset quality indicators Commercial NPL ratio stabilizing at a low level Consumer NPL ratio rising, but still well below industry levels Consumer NPL ratio Industry Consumer NPL ratio Commercial NPL ratio 12. 0% 10. 0% 5.3% 5.4% 5.4% 5.3% 35 2.0 % 5.3% 8.0 % 30 1.5 % 6.0 % 25 1.2% 1.2% 1.1% 1.1% 1.0
Slide 18: Consumer asset quality trend
Consumer asset quality trend Auto NPL continued to pick up Mortgage NPL ratio relatively stable Higher credit card NPLs driven by lower write offs NPL ratio (Auto) Industry (Auto) NPL ratio (CCL) NPL ratio (Mortgage) Industry (Mortgage) Industry (CCL) NPL Ratio less 180dpd * 5.0% 4.9% 5.0% 4.9% 5.1%
Slide 19: Other asset quality indicators
Other asset quality indicators Real and other properties acquired (ROPA) still below 1% Total non-performing assets (NPA) slightly picked up ROPA Ratio to Gross Loans NPA NPA Ratio 55 1.4% 12 0.7% 50 1.1% 1.1% 1.2% 1.2% 12 0.6% 0.6% 0.6% 1.1% 0.6% 0.6% 0.5% 1.0% 45 11 1.0% 0.5% In PHP billions 40 In
Slide 20: Capital and liquidity
Capital and liquidity High capital ratios continue to provide healthy buffers Liquidity ratios still above threshold CAR CET-1 BLR 15% 12. 0% 11.0% 20.1% 11. 0% 20. 0% 10. 0% 9.4% 9.2% 9.5% 9.3% 9.0 % 14% 19.3% 18.3% 8.0 % 18. 0% 17.7% 7.0 % Min BLR 5% 6.0 % 16.7% 16.8% 13% 5.0 % 17.4% 4.0 % 16.8% 1
Slide 21: Return on Equity – Trend
Return on Equity – Trend Return on Equity (ROE) Medium-term ROE drivers 12.5% 13.0% 12.3% Portfolio Growth 9.5% 10.3% • Grow loans portfolio by 1.5x-2.0x Real GDP • Increase consumer to at least 25% of total portfolio 6.9% • Increase CASA ratio 4.4% • Improve Operational Efficiency • Lower CIR to be
Slide 22: Digital Metrics on Retail Clients
Digital Metrics on Retail Clients Digital penetration ratio still on an uptrend at 2024 2025 48% as of December 2025, up from 43% last year, with 2.4M total digital users P90Day active base up by 1.5M 1.9M 22% YoY, which shows that 48% 1.9M out of the 2.4M are 43% active users 37% Note: Due to the d
Slide 23: 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 24: Outlook – Positives and Challenges
Outlook – Positives and Challenges • Weak consumer and business sentiment affecting loan • Rate cuts to lower funding costs and drive recovery in demand and increase asset quality risks middle market demand. corporate capex and discretionary consumer spending driving loan o Slower GDP growth rate fr
Slide 25: Financial Summary
Financial Summary In PHP billion Income 4Q 4Q Balance Sheet 2024 2025 YoY YoY 2024 2025 YoY Statement 2024 2025 Total Assets 3,520 3,880 10.2% Net Interest Loans and Receivables, Gross 1,833 1,993 8.8% 28.4 32.8 15.6% 114.1 124.6 9.2% Income Total Deposits 2,574 2,661 3.4% Non Interest 5.9 8.1 37.0%
Slide 26: Additional Information
ADDITIONAL INFORMATION
Slide 27: Metropolitan Bank & Trust Company (Metrobank)
Metropolitan Bank & Trust Company (Metrobank) Overview Financial Data (PHP bn) 2025 DIVERSIFIED Total Assets 3,880 63 YEARS OF MULTI-AWARDED FINANCIAL CONGLOMERATE TRADING INFORMATION MBT PM | MBT.PS Ticker Loans and Receivables, Gross Total Deposits 1,993 2,661 SERVICE EXCELLENCE USD 5.7 Bn Market
Slide 28: 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 39.8% 12.2%1 47.
Slide 29: 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 967 28 branches Branches, subsidiaries, offices 2,242 ATMs 100+ Remittance tie-ups 150+ Remittance agents 2026 Metropol
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: 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 32: Outstanding Debt Issuances & Investment Grade Credit Ratings
Outstanding Debt Issuances & Investment Grade Credit Ratings Debt Issuance Details Baa2 Sept- Coupon Maturity Amount Stable 25 Type Issue Date Rate Date (PHP Bn) 2026 48.40 • High capitalization, with a proven history PHP Bond of shareholder support 6/4/2021 3.60% 9/4/2026 19 • Robust asset quality
Slide 33: Loan Portfolio Breakdown
Loan Portfolio Breakdown MBT Loan Portfolio By Industry Philippine Banks Loan Portfolio By Industry YoY YoY 12% 12% 11% 11% 11% 13% 15% 14% 15% 14% +1% Trade +11% Trade 11% 10% 10% 10% 8% 13% 12% 11% 9% 13% -9% Manufacturing -7% Manufacturing 20% 19% 19% 18% 20% 20% 22% 19% 18% 19% +12% Real Estate
Slide 34: Currency Breakdown
Currency Breakdown LOAN PORTFOLIO DEPOSITS Foreign Foreign Currency, 16% Currency, 15% Philippine Philippine Peso, 85% Peso, 84% 34 2026 Metropolitan Bank & Trust Company
Slide 35: Recent Awards and Recognition
Recent Awards and Recognition Best Securities House Most Recommended Best Bank for Ultra- Bank Category Best Bank for Best Bank for Large Retail Bank in the High-Net-Worth* Corporate Top Securities Market Strongest Bank Corporates in the Philippines Maker in the Philippines 2025 ,2024, 2023, 2022 Re
Slide 36: 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 37: You're in good hands
© Metrobank You're in good hands TABGlobs! TAB Global Mp Eerste Actes Awarps 2025 r| Eee ra ces by balance sheet
Metropolitan Bank & Trust Company — FY2025 Earnings Presentation on 6ix