Metropolitan Bank & Trust Co. · PSE:MBT
Metropolitan Bank & Trust — 1H 2026 Earnings Presentation
37 slides from Metropolitan Bank & Trust's earnings presentation, July 2026
Slide 1: 1H26 Company Presentation
<& Metrobank BA vourre in good hands 1H26 Company Presentation
Slide 2: Macroeconomic View
MACROECONOMIC VIEW
Slide 3: Recent macroeconomic developments
Recent macroeconomic developments As of 22 July 2026 GDP growth slows further amid higher oil prices Inflation continues to breach BSP band in June GDP Growth (% YoY) PH CPI vs. BSP’s CPI Target (% YoY) 7.6 BSP Target Headline Core 5.5 5.7 5.7 6.4 4.4 2.8 4 4.4 2 2021 2022 2023 2024 2025 1Q26 Jun-22
Slide 4: Banking industry trends
Banking industry trends As of 22 July 2026 Loan growth steps up n May Deposits grow faster on the back of higher CASA growth Loan Growth Deposit Growth CASA Growth 25. 0% Loans Institutional Consumer 14. 0% 12. 0% 20. 0% 11.2% 16.1% 10. 0% 8.9% 15. 0% 10. 0% 12.6% 8.0 % 9.8% 6.0 % 5.0 % 4.0 % 0.0 %
Slide 5: Financial Performance
FINANCIAL PERFORMANCE 1H 2026
Slide 6: 1H2026 Highlights
1H2026 Highlights Earnings: Stable 1H26 net income of P24.9bn supported by asset expansion amid stable margins and healthy fee income growth Balance Sheet: Loan growth steps up to 12.4%; deposits rise by 10.4%. Loan to deposit ratio of 81.1%. Solid balance sheet and liquidity ratios. CET1 ratio at 1
Slide 7: Financial Summary
Financial Summary In PHP billion Income 2Q 2Q 1H 1H Balance Sheet 1H 2025 1H 2026 YoY YoY YoY Statement 2025 2026 2025 2026 Total Assets 3,477 3,918 12.7% Net Interest Loans and Receivables, 30.7 34.4 12.1% 60.0 67.7 12.8% 1,868 2,100 12.4% Income Gross Trading & Fx 2.7 0.7 -74.1% 5.4 1.3 -75.9% Tot
Slide 8: 1H26 earnings highlights
1H26 earnings highlights YoY QoQ YoY 24.8 24.9 50.0 12.6 12.4 12.4 12.6 12.3 Net Income 40.0 +13% +3% +12% Net Interest 30.0 Income +9% 30.7 31.8 32.8 33.4 34.4 -5% +7% Service Fees 60.0 67.7 20.0 and Trust In PHP billions -76% +22% -74% Trading & FX gains 10.0 9.2 4.6 4.8 5.3 10.0 -15% 2.7 5.1 4.9
Slide 9: Net interest income drivers
Net interest income drivers Higher NII driven by asset growth with stable funding cost YoY QoQ YoY 7.0 0% 7.0 0% -50 5.25% 6.0 0% 5.25% 4.75% 6.0 0% 5.00% +50 -50 bps 4.50% 4.75% 5.0 0% 5.0 0% 4.25% bps bps BSP Policy rates 4.0 0% +1 4.0 0% 3.0 0% 2.0 0% 3.73% 3.74% bp 3.0 0% 3.78% 3.84% 3.75% 3.74%
Slide 10: Margin drivers
Margin drivers Improving margin trend Commercial yields rebound Investment securities yield Quarterly NIM Corporate & Commercial Auto Home Credit Cards Asset yield Loan yield 14.73% 14.78% Funding cost Deposit cost 14.37% 14.04% 13.91% 6.81% 6.83% 6.61% 6.30% 6.50% 5.35% 5.48% 5.35% 5.37% 9.65% 9.65
Slide 11: Loan portfolio profile
Loan portfolio profile Loans expanding across core segments Credit cards continue to drive retail loan growth Corporate & Commercial Consumer QoQ YoY Housing Auto Credit Card & Others* Others QoQ YoY 2,50 0 500 +4% +12% 453 +2% +11% 442 444 2,100 450 424 1,993 2,019 408 1,868 1,884 2,00 0 400 350 +5
Slide 12: Deposit profile
Deposit profile Moderate CASA growth Improving CASA ratio CASA TDs 110 % CASA TDs QoQ YoY 100 % 2,661 2,634 90% 2,589 -2% +10% 37% 80% 40% 41% 41% 39% 2,459 70% 2,346 60% 50% 1,086 1,076 -5% +17% 40% 63% 1,022 30% 60% 59% 59% 61% 981 873 20% In PHP billions 10% 1H25 9M25 2025 1Q26 1H26 +1% +6% CASA
Slide 13: Non-interest income drivers
Non-interest income drivers Healthy fees temper impact of volatile markets on trading income Consumer still major contributor to fee income YoY YoY Breakdown of 1H26 NOII excluding Trading 17.6 -21% -24% Income (% to Total) 8.9 Others 13.9 8.1 7.8 7.1 9.2 6.8 In PHP billions 4.6 Trust 14% 32% 7% Con
Slide 14: Operating expense breakdown
Operating expense breakdown Technology spend and taxes driving Opex growth YoY YoY 5… 52.4% 53.2% 52.2% 51.8% 60.0% 55.0% +2.4 60.0% 48.8% 49.1% 50.0% 45.0% 55.0% 50.0% +3.0 Cost to Income Ratio (CIR) 40.0% 35.0% 30.0% ppts 45.0% 40.0% 35.0% ppts 25.0% 30.0% 20.0% 25.0% 20.0% 42.4 +10% +10% 38.6 21.
Slide 15: Provisions trend
Provisions trend Elevated credit costs Healthy NPL coverage to mitigate potential risks Provisions for Credit Cumulative Allowance Est. Credit Cost 60.0 90 80 154% 147% 80 74 80 141% 50.0 71 137% 50.0 67 68 133% 50.0 70 50.0 61 70 64 48.0 47.8 45.9 In PHP billions 40.0 43.7 60 40.0 43.7 60 103% in b
Slide 16: Asset quality indicators
Asset quality indicators Rising NPL ratio, but still well below industry level Restructured loans ratio minimal MBT Restructured loans ratio Industry Restructured Loans Ratio NPLs MBT NPL ratio 50 2.0 % 2.1% 2.0% 2.0% 2.0%* 1.8% 2.0% 45 1.7% 1.7% 1.7% 1.5% 37.5 40 1.5 % 34.1 34.8 0.3% 0.3% 0.3% 0.3%
Slide 17: Asset quality indicators
Asset quality indicators Commercial NPL ratio largely stable Consumer NPL ratio elevated below industry levels Industry NPL ratio Commercial NPL ratio Consumer NPL ratio Industry Consumer NPL ratio 5.0 % 7.0% 3.0% 3.0% 2.9% 6.0% 5.4% 5.4% 5.4% 4.0 % 2.7% 5.4% 5.0% 4.7% 4.3% 4.3% 3.7% 3.0 % 4.0% 3.1%
Slide 18: Consumer asset quality trend
Consumer asset quality trend Rise in auto NPLs moderating Mortgage NPL ratio still stable Credit card NPLs rise but past due is still below industry NPL ratio (Auto) Industry (Auto) NPL ratio (Mortgage) NPL ratio (CCL) Industry (CCL) Industry (Mortgage) MBT CCAP Past Due* Industry CCAP Past Due* 6.5
Slide 19: Other asset quality indicators
Other asset quality indicators Real and other properties acquired (ROPA) still stable NPA ratio largely steady ROPA Ratio to Gross Loans NPA NPA Ratio 1.2% 1.2% 1.2% 12 0.5% 0.6% 1.1% 0.6% 0.6% 1.2% 0.5% 50 1.1% 0.5% 12 0.5% 48 1.0% 45 11 46 45 11 11 In PHP billions 0.4% 0.8% 11 11 In PHP billions 4
Slide 20: Capital and liquidity
Capital and liquidity Stable capital ratios provide healthy buffers Liquidity ratios still above thresholds CAR CET-1 BLR 9.70% 9.60% 10. 00% 9.34% 20. 0% 15% 8.92% 8.89% 9.0 0% 19. 0% 8.0 0% 14% 7.0 0% 18. 0% 17.0% 16.8% 6.0 0% 17. 0% Min BLR 5% 16.3% 5.0 0% 13% 4.0 0% 16. 0% 16.3% 16.1% 1H25 9M25
Slide 21: Return on Equity – Trend
Return on Equity – Trend Quarterly Return on Equity (ROE) Medium-term ROE drivers Portfolio Growth 13.1% 12.5% 12.3% • Grow loans portfolio by 1.5x-2.0x Real GDP 12.2% 12.0% • Increase consumer to at least 25% of total portfolio • Increase CASA ratio • Improve Operational Efficiency • Lower CIR to b
Slide 22: Digital Metrics on Retail Clients
Digital Metrics on Retail Clients Digital penetration ratio still on an uptrend at 2Q25 2Q26 50% as of June 2026, up from 45% last year, with 2.6M total digital users 2.1M 2.6M P90Day active base up by 50% 16% YoY, which shows that 48% 48% 2.0M out of the 2.6M are 46% active users 45% Note: Due to t
Slide 23: Outlook – Positives and Challenges
Outlook – Positives and Challenges • Substantial NPL cover allows flexibility to manage • Weak consumer and business sentiment from credit costs amid rising risks. sustained macro uncertainties from geopolitical crisis (i.e. Middle East) and domestic political challenges • Solid balance sheet and he
Slide 24: Additional Information
ADDITIONAL INFORMATION
Slide 25: Metropolitan Bank & Trust Company (Metrobank)
Metropolitan Bank & Trust Company (Metrobank) June Overview Financial Data (PHP bn) 2026 DIVERSIFIED Total Assets 3,917 63 FINANCIAL CONGLOMERATE TRADING INFORMATION MBT PM | MBT.PS Ticker Loans and Receivables, Gross Total Deposits 2,100 2,589 YEARS OF MULTI-AWARDED USD 4.9 Bn Market cap SERVICE EX
Slide 26: 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% 12.3%1 47.
Slide 27: 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 970 27 branches Branches, subsidiaries, offices 2,194 ATMs 100+ Remittance tie-ups 150+ Remittance agents 2026 Metropol
Slide 28: Sustainability Highlights in 2Q 2026
Sustainability Highlights in 2Q 2026 • As of 1H-2026, the outstanding loans eligible under the Sustainable SUSTAINABLE Finance Framework is PHP 92 Bn. FINANCE • 56% of the portfolio are intended to finance renewable energy and energy efficiency projects • The Bank is in the final stages of selecting
Slide 29: Debt Issuances
Debt Issuances Unissued 2026 2024 28.0 Bond Issuance 41.3 0.5 2022 USD22 Billion USD1 billion PHP2001 Medium- 2021 42.5 Billion Bond Programme 1.0 Term Note 5-Y and 10-Y USD Notes 35.0 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
Slide 30: Outstanding Debt Issuances & Investment Grade Credit Ratings
Outstanding Debt Issuances & Investment Grade Credit Ratings Debt Issuance Details Baa2 Issue Coupon Maturity Amount May-26 Type Date 2026 19.0 Stable Rate Date PHP Bond Jun-21 3.60% Sep-26 PHP19bn • High capitalization, with a proven history of shareholder support Apr-26 5.47% Oct-27 PHP35bn 2027 3
Slide 31: Earnings Performance
Earnings Performance Net Interest Income Non-Interest Income Total12.1 Income 14.0 14.0 4.1 4.1 4.0 4.0 4.0 34.4 40.0 3.9 31.8 32.8 33.4 12.0 12.0 30.7 In PHP billions 29.4 4.0 29.3 35.0 3.9 27.7 28.7 In PHP billions 27.8 28.4 3.9 8.9 24.9 25.7 26.7 3.8 3.8 3.7 4.6 8.7 10.0 3.9 8.1 30.0 10.0 3.7 8.0
Slide 32: 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 33: Loan Portfolio Breakdown
Loan Portfolio Breakdown MBT Loan Portfolio By Industry Philippine Banks Loan Portfolio By Industry YoY YoY +3% Trade 11% 11% 12% 11% 11% +10% Trade 14% 14% 14% 13% 13% 8% 9% 6% Manufacturing 9% 8% 8% 8% 8% +6% Manufacturing 9% 9% 9% +16% Real Estate 19% 20% 19% 19% 19% +7% Real Estate 18% 18% 18% 1
Slide 34: Currency Breakdown
Currency Breakdown LOAN PORTFOLIO DEPOSITS Foreign Foreign Currency, Currency, 17% 16% Philippine Philippine Peso, 83% Peso, 84% 2026 Metropolitan Bank & Trust Company 34
Slide 35: Recent Awards and Recognition
Recent Awards and Recognition The Asian Banker The Asian Banker The Asian Banker Euromoney The Strongest Bank in Best Managed Bank in Best Bank CEO in the Best Bank for Ultra- the Philippines the Philippines Philippines – Fabian S. Dee High-Net-Worth 2025 2021 to 2025 2025 2022 to 2025 Euromoney Eur
Slide 36: For more information, please visit our website
For more information, please visit our website: Latest Annual Reports 2025 2024 2023 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: investor.relations@metrobank.com.ph Annual Co
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 — 1H 2026 Earnings Presentation on 6ix