Metropolitan Bank & Trust Co. · PSE:MBT
Metropolitan Bank & Trust — 9M 2025 Earnings Presentation
37 slides from Metropolitan Bank & Trust's earnings presentation, October 2025
Slide 1: 9M25 Company Presentation
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Slide 2: Macroeconomic View
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Slide 3: Recent macroeconomic developments
Recent macroeconomic developments As of 9 October 2025 Modest GDP growth in 2Q25 Inflation picked up in September FY GDP Growth (% YoY) PH CPI vs. BSP’s CPI Target (% YoY) 7.6 BSP Target Headline Core 5.5 5.7 5.7 5.5 2.6 1.7 2021 2022 2023 2024 2Q25 Sep-22 Sep-23 Sep-24 Sep-25 BSP reduced policy rat
Slide 4: Banking industry trends
Banking industry trends As of 13 October 2025 Loans sustain double digit growth due to consumer loans CASA growth picked up; Asset quality improved Loan Growth Deposit Growth CASA Growth 14. 0% 20. 0% 12. 0% 15. 0% 10. 0% 11.2% 6.9% 10. 0% 8.0 % 6.0 % 5.0 % 6.2% 4.0 % 0.0 % 2.0 % -5.0% 0.0 % 2021 20
Slide 5: Financial Performance 9M 2025
FINANCIAL PERFORMANCE 9M 2025
Slide 6: 9M25 Highlights
9M25 Highlights Earnings: Record 9M25 net income of P37.3bn with PPOP up 12.1% YoY driven by asset growth, robust trading income and better cost efficiency. Improving quarterly trends in NIMs and CIR Balance Sheet: Loan growth moderates to 10.8%. CASA ratio at 60%. Strong balance sheet and liquidity
Slide 7: 9M25/3Q25 earnings highlights
9M25/3Q25 earnings highlights YoY YoY 52.8 59.2 PPOP +12% 19.2 14.1 18.8 20.3 20.2 PPOP +5% 50. 0 35.7 37.3 Net Income +4% 12.1 12.4 12.3 12.6 12.4 Net Income +3% 40. 0 Net Interest 1.1 +7% Net Interest +15% Income 30. 0 Income 27.8 29.4 30.7 31.8 Service Fees Service Fees 91.8 +4% 20. 0 28.4 +3% 85
Slide 8: Net interest income drivers
Net interest income drivers Higher NII driven loan growth and easing funding costs Improving NIM trend despite policy rate cuts YoY YoY NII NIM BSP Policy Rate 100 % 60.0 NII 85.7 91.8 +7% 27.8 28.4 29.4 30.7 31.8 +15% 7.0 0% 70. 00 50.0 80% 6.0 0% 60. 00 6.25% Interest 40.0 60% +9% from loans +6% 5
Slide 9: Margin drivers
Margin drivers Better asset yields drove 3Q NIM improvement Improving to steady yield trend across segments Investment securities yield Quarterly NIM Corporate & Commercial Auto Home Credit Cards Asset yield Loan yield Funding cost Deposit cost 15.45% 15.07% 7.30% 14.58% 14.73% 14.78% 7.10% 6.70% 6.
Slide 10: Loan portfolio profile
Loan portfolio profile Consumer outpaces institutional loan growth Stable corporate loan demand Corporate & Commercial Consumer 250 0 1,60 0 Corporate & Middle Market SME 1,40 0 In PHP billions YoY 1,20 0 +9% 1,00 0 1,884 +11% 1,849 1,868 200 0 800 1,218 1,318 1,322 1,335 1,333 1,833 600 1,699 400 2
Slide 11: Deposit profile
Deposit profile Healthy deposit growth Improving CASA ratio CASA TDs 110 % CASA TDs YoY 100 % 2,574 90% 27% 24% 2,459 +8% 80% 37% 33% 40% 42% 40% 2,284 2,346 70% 2,233 60% 50% 40% 73% 76% 67% 1,086 +14% 63% 60% 58% 60% 873 981 30% In PHP billions 861 796 20% 10% 2019 2020 2021 2022 2023 2024 9M25 +4
Slide 12: Non-interest income drivers
Non-interest income drivers Steady fees, trading gains driving Non-II Consumer still major contributor to fee income 25. Breakdown of 9M25 NOII excluding Trading 24. 4 1 YoY 12.1 Income YoY (% to Total) +5% -35% Others +4% 4.6 8.7 8.9 +3% 15% In PHP billions 13. 7.8 15% 13. Trust 32% 9 4 +18% Consum
Slide 13: Operating expense breakdown
Operating expense breakdown Well-contained cost growth Improving cost to income ratio YoY YoY 60.0% 57.0 58.0 +2% -7% 20.6 54.3% 53.8% 20.2 55.0% 19.3 19.3 19.3 52.1% 52.2% 21.9 +2% -12% 49.8% 21.5 50.0% In PHP billions 7.9 7.6 7.5 7.4 6.9 +0% -9% 45.0% 9.9 9.9 40.0% -4% 3.9 4.1 3.6 +7% 4.8 3.1 3.3
Slide 14: Provisions trend
Provisions trend Credit cost still normalizing from a low base NPL cover still provides substantial buffer Provisions for Credit Cumulative Allowance YTD Est. Credit Cost 70 180% 63 172% 58 50.0 54 60 47.1 47.2 45.9 162% 164% In PHP billions 40.0 43.3 42.5 50 154% in bps 30.0 35 40 147% 20.0 29 30 7
Slide 15: Asset quality indicators
Asset quality indicators NPL pick-up largely driven by timing of write-offs in consumer loans NPL ratio still well below industry level 32.0 31.1 31.0 Industry NPL Ratio MBT NPL ratio 4.0 % 30.0 3.6% 29.3 3.5% 3.5% 3.5 % 3.4% 29.0 3.3% 28.4 In PHP billions 3.0 % 28.0 27.0 26.8 2.5 % 26.0 26.0 2.0 %
Slide 16: Asset quality indicators
Asset quality indicators Restructured loans remains low Combined NPLs and restructured loans well below industry NPLs MBT Restructured loans ratio Industry Restructured Loans Ratio MBT Combined NPL + Restructured Loans as Ratio to Gross Loans Industry NPL Ratio 4.5 % 2.1% 2.1% 2.0% 2.0% 4.0 % 3.6% 3
Slide 17: Asset quality indicators
Asset quality indicators Commercial NPL ratio stable Consumer NPL ratio rising, but still well below industry levels Commercial NPL ratio Consumer NPL ratio Industry Consumer NPL ratio 7.0 % 35 2.0 % 30 6.0 % 5.8% 5.3% 5.4% 5.3% 1.5 % 25 1.3% 5.0 % 1.2% 1.2% 20 1.1% 1.1% 4.0 % 3.7% 1.0 % 3.1% 3.1% 3
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 (CCL) NPL ratio (Auto) Industry (Auto) NPL ratio (Mortgage) Industry (Mortgage) Industry (CCL) NPL Ratio less 180dpd 5.0 % 4.6% 4.5% 4.4% 4.4%
Slide 19: Other asset quality indicators
Other asset quality indicators Real and other properties acquired (ROPA) remain steady Total non-performing assets (NPA) remained flat ROPA Ratio to Gross Loans NPA NPA Ratio 12 0.7% 45 1.2% 1.1% 1.1% 1.1% 1.1% 0.6% 12 43 0.6% 0.6% 0.6% 0.6% 0.6% 41 1.0% 1.0% 11 41 0.5% 39 40 0.8% 11 39 In PHP billi
Slide 20: Capital and liquidity
Capital and liquidity Capital ratios improve QoQ providing healthy buffers Liquidity ratios still above threshold CAR CET-1 BLR 9.7% 9.50% 9.70% 9.60% 20. 0% 15% 10. 0% 9.30% 9.0 % 19. 0% 8.0 % 14% 7.0 % 18. 0% 17.1% 17.0% 6.0 % 17. 0% 16.7% Min BLR 5% 16.3% 5.0 % 13% 4.0 % 15.4% 16. 0% 16.3% 16.3%
Slide 21: Return on Equity – Trend
Return on Equity – Trend Return on Equity (ROE) Medium-term ROE drivers 18. 0% 16. 0% 12. 12. Portfolio Growth 12.5% 13.0% 9% 14. 0% 5% 10.3% 12. 0% • Grow loans portfolio by 1.5x-2.0x Real GDP 9.5% 10. 0% • Increase consumer to at least 25% of total portfolio 6.9% 8.0 % • Increase CASA ratio 4.4% •
Slide 22: Digital Metrics on Retail Clients
Digital Metrics on Retail Clients Digital penetration ratio still on an uptrend at 2024 3Q25 46% as of 3Q25, up from 41% PY, with 2.3M total digital users P90Day active base up by 1.63M 1.82M 12% YTD, which shows that 1.80M out of the 2.3M are 46% active users 43% 41% Note: Due to the decommissionin
Slide 23: Outlook – Positives and Challenges
Outlook – Positives and Challenges • Sustained corporate capex and discretionary • Weaker macro conditions affecting consumer and consumer spending driving loan demand. business sentiment affecting loan demand and increase asset quality risks • Further rate cuts to lower funding costs and drive o Sl
Slide 24: Financial Summary
Financial Summary In PHP billion Income 3Q 3Q Balance Sheet 9M24 9M25 YoY YoY 9M24 9M25 YoY Statement 2024 2025 Total Assets 3,335 3,633 8.9% Net Interest Loans and Receivables, Gross 1,700 1,884 10.8% 27.8 31.8 14.5% 85.7 91.8 7.2% Income Total Deposits 2,284 2,459 7.6% Non Interest 12.1 7.8 -35.4%
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) 9M 2025 DIVERSIFIED Total Assets 3,633 63 YEARS OF MULTI-AWARDED FINANCIAL CONGLOMERATE TRADING INFORMATION MBT PM | MBT.PS Ticker Loans and Receivables, Gross Total Deposits 1,884 2,459 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 39.8% 12.2%1 47.
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 965 28 branches Branches, subsidiaries, offices 2,251 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: 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 Baa2 Sept- Debt Issuance Details Stable 25 Coupon Maturity Am ount Type Issue Date Rate Date (PHP Bn) • High capitalization, with a proven history 2026 48.17 of shareholder support PHP Bond Jun-21 3.60% Sep-26 19 • Robust asset quality and
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% +8% 15% 14% 15% 15% 14% +3% 11% 10% 10% 10% 8% 12% 11% 11% 9% -5% 13% -8% 20% 19% 20% 18% 20% 20% +11% 19% 18% 18% +15% 19% 8% 8% 7% 10% 9% 8% 11% +7% 12% +7% 11% 13% 11% 1
Slide 34: Currency Breakdown
Currency Breakdown LOAN PORTFOLIO DEPOSITS Foreign Foreign Currency, 15% Currency, 17% Philippine Philippine Peso, 85% Peso, 83% 2025 Metropolitan Bank & Trust Company 34
Slide 35: 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 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
S Metrobank You're in good hands THE BANKER ‘THE ASIAN BANKER’ THE STRONGEST BANK BIN THE PHILIPPINES 2023 t by balance shee
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