Metropolitan Bank & Trust Co. · PSE:MBT
Metropolitan Bank & Trust — Q1 2026 Earnings Presentation
37 slides from Metropolitan Bank & Trust's earnings presentation, May 2026
Slide 1: 1Q26 Company Presentation
<& Metrobank BA vourre in good hands 1Q26 Company Presentation
Slide 2: Macroeconomic View
MACROECONOMIC VIEW
Slide 3: Recent macroeconomic developments
Recent macroeconomic developments As of 5 May 2026 GDP growth slows on weak government spending Inflation breaches BSP band in March FY GDP Growth (% YoY) PH CPI vs. BSP’s CPI Target (% YoY) 7.6 BSP Target Headline Core 5.5 5.7 7.2 5.7 4.4 4 3.9 2 2021 2022 2023 2024 2025 Apr-22 Apr-23 Apr-24 Apr-25
Slide 4: Banking industry trends
Banking industry trends As of 13 April 2026 Loan growth eases on lower corporate demand; consumer growth still robust CASA growth steady while deposit growth slightly accelerates Loan Growth Deposit Growth CASA Growth 25. 0% Loans net of BSP RRP Institutional Consumer 14. 0% 12. 0% 19.1% 20. 0% 10.
Slide 5: Financial Performance 1Q 2026
FINANCIAL PERFORMANCE 1Q 2026
Slide 6: 1Q2026 Highlights
1Q2026 Highlights Earnings: 1Q26 net income of P12.6bn driven by asset expansion, better margins and healthy fee income growth. Balance Sheet: Loan growth stable at 9.2%. Strong balance sheet and liquidity ratios. Post dividend CET1 ratio at 14.2%, still well above minimum regulatory thresholds Asse
Slide 7: 1Q26 earnings highlights
1Q26 earnings highlights QoQ YoY 12.3 12.6 12.4 12.4 12.6 Net Income +1% +3% 50. 0 Net Interest +2% +14% Income Service Fees 40. 0 -3% +12% 30. 0 and Trust 29.4 30.7 31.8 32.8 33.4 Trading & -78% 20. 0 -62% FX gains 10. 0 4.6 4.6 4.8 5.3 5.1 Other NoII +14% -2% 0.0 2.6 2.7 1.3 1.6 0.6 1.5 1.6 1.7 1.
Slide 8: Net interest income drivers
Net interest income drivers Higher NII driven by easing funding cost Stable NIM trend despite falling rates QoQ YoY NII NIM BSP Policy Rate QoQ YoY 7.0 0% 70. 00 Net interest 29.4 30.7 31.8 32.8 33.4 +2% +14% 60.0 income 6.0 0% 5.75% 60. 00 50.0 5.25% 5.00% Interest 5.0 0% 50. 00 40.0 from loans -2%
Slide 9: Margin drivers
Margin drivers Higher investment yields amid easing funding cost drive NIMs higher Easing trend in loan yields in most products Investment securities yield Quarterly NIM Corporate & Commercial Auto Home Credit Cards Asset yield Loan yield 14.58% 14.73% 14.78% 14.37% Funding cost Deposit cost 14.04%
Slide 10: Loan portfolio profile
Loan portfolio profile Loans growing at a modest pace Credit cards continue to drive retail loan growth 2,50 0 Credit Card & Others* Auto Housing Others Corporate & Commercial Consumer QoQ YoY QoQ YoY +2% +9% +1% +11% 1,993 2,019 1,849 1,868 1,884 2,00 0 444 424 442 400 408 In PHP billions In PHP bi
Slide 11: Deposit profile
Deposit profile Steady quarterly deposit growth trend Stable CASA ratio QoQ CASA TDs 110 % CASA TDs QoQ YoY 100 % 90% 2,661 -1% +18% 80% 36% 37% 40% 41% 41% 2,634 70% 2,459 60% 2,346 50% 2,233 64% 40% 63% 60% 59% 59% -1% +35% 30% 20% 1,086 1,076 10% 981 1Q25 1H25 9M25 2025 1Q26 873 In PHP billions 7
Slide 12: 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 QoQ YoY 8.9 -12% -18% Breakdown of 1Q26 NOII excluding Trading 8.7 Income 8.1 7.8 (% to Total) 7.1 Others 4.6 15% 4.6 In PHP billions Trust 14% 32% 4.8 5.3 -3%
Slide 13: Operating expense breakdown
Operating expense breakdown Transaction related taxes driving opex growth Cost to income ratio remained at low 50s 60.0% QoQ YoY 55.0% 53.2% 52.5% 21.7 -3% +10% 21.1 50.6% 19.4 48.8% 49.1% 19.3 19.3 50.0% 7.7 -1% +2% 7.7 45.0% 7.5 7.5 6.9 In PHP billions +3% +20% 40.0% 3.6 3.7 3.1 3.3 3.6 35.0% 1.7
Slide 14: Provisions trend
Provisions trend Credit cost still stable NPL cover still provides buffer against rising portfolio risks Provisions for Credit Cumulative Allowance Quarterly Est. Credit Cost (rhs) 60.0 80 73 151% 154% 67 68 70 147% 141% 50.0 137% 61 57 48.0 47.8 60 45.9 40.0 44.3 43.7 In PHP billions 103% 50 In bps
Slide 15: Asset quality indicators
Asset quality indicators Slight pick-up in NPLs from end-2025 NPL ratio stable and remains well below industry level Industry NPL Ratio MBT NPL ratio 34.1 34.8 31.1 3.59% 3.48% 3.42% 3.44%* 29.3 3.37% 28.4 In PHP billions 1.67% 1.73% 1.75% 1.60% 1.54% 1Q25 1H25 9M25 2025 1Q26 1Q25 1H25 9M25 2025 1Q2
Slide 16: Asset quality indicators
Asset quality indicators Minimal restructured loans stable below 1% Combined NPLs and Restructured loans remain below industry NPLs MBT Combined NPL + Restructured Loans as Ratio to Gross Loans MBT Restructured loans ratio Industry Restructured Loans Ratio 4.5 0% Industry NPL Ratio 4.0 0% 2.05% 2.10
Slide 17: Asset quality indicators
Asset quality indicators Commercial NPL ratio largely stable Consumer NPL ratio elevated, but still below industry levels Commercial NPL ratio Consumer NPL ratio Industry Consumer NPL ratio 35 2.0 0% 7.00% 30 6.00% 5.40% 5.33% 5.38% 5.30% 1.5 0% 25 5.00% 1.21% 4.30% 4.29% 1.10% 1.09% 1.06% 20 1.03%
Slide 18: Consumer asset quality trend
Consumer asset quality trend Rise in auto NPLs moderating Mortgage NPL ratio still stable Credit card NPLs ease slightly NPL ratio (Auto) Industry (Auto) NPL ratio (Mortgage) NPL ratio (CCL) Industry (Mortgage) Industry (CCL) NPL Ratio less 180dpd * 4.99% 5.10% 6.09% 5.99% 4.93% 4.90% 5.00% 4.82% 3.
Slide 19: Other asset quality indicators
Other asset quality indicators Real and other properties acquired (ROPA) stable NPA ratio largely steady ROPA Ratio to Gross Loans NPA NPA Ratio 50 1.40% 12 0.56% 0.55% 0.60% 0.55% 0.55% 0.55% 1.16% 1.22% 12 1.14% 1.11% 1.14% 1.20% 0.50% 45 11 1.00% In PHP billions 0.40% 11 40 In PHP billions 0.80%
Slide 20: Capital and liquidity
Capital and liquidity Post-dividend capital ratios continue to provide healthy buffers Liquidity ratios still well above thresholds BLR CAR CET-1 9.70% 9.60% 10. 00% 9.30% 9.34% 8.92% 20. 0% 15% 9.0 0% 8.0 0% 19. 0% 7.0 0% 14% 18. 0% 6.0 0% 17.0% Min BLR 5% 17. 0% 16.8% 5.0 0% 16.3% 13% 4.0 0% 16. 0
Slide 21: Return on Equity – Trend
Return on Equity – Trend Quarterly Return on Equity (ROE) Medium-term ROE drivers Portfolio Growth 12.9% 13.1% • Grow loans portfolio by 1.5x-2.0x Real GDP 12.5% 12.3% • Increase consumer to at least 25% of total portfolio 12.0% • 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 1Q25 1Q26 48% as of March 2026, up from 44% last year, with 2.5M total digital users P90Day active base up by 1.6M 1.9M 15% YoY, which shows that 1.9M out of the 2.4M are 48% 48% active users 46% 45% 44% Note: Due to
Slide 23: Outlook – Positives and Challenges
Outlook – Positives and Challenges • Steadily improving NIMs and fee income base • Weak consumer and business sentiment from supporting topline growth. Higher rates could further sustained macro uncertainties from geopolitical crisis provide NIM upside. (i.e. Middle East) and domestic political chal
Slide 24: Financial Summary
Financial Summary In PHP billions Income Balance Sheet 1Q25 4Q25 1Q26 YoY 1Q25 4Q25 1Q26 YoY Statement Total Assets 3,475 3,880 3,764 8% Net Interest Loans and Receivables, 1,849 1,993 2,019 9% 29.4 32.8 33.4 14% Gross Income Investment Securities 1,352 1,542 1,427 6% Non Interest 8.7 8.1 7.1 -18% I
Slide 25: Additional Information
ADDITIONAL INFORMATION
Slide 26: Metropolitan Bank & Trust Company (Metrobank)
Metropolitan Bank & Trust Company (Metrobank) March Overview Financial Data (PHP bn) 2026 DIVERSIFIED Total Assets 3,764 63 FINANCIAL CONGLOMERATE TRADING INFORMATION MBT PM | MBT.PS Ticker Loans and Receivables, Gross Total Deposits 2,019 2,634 YEARS OF MULTI-AWARDED SERVICE EXCELLENCE USD 4.5 Bn M
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% 12.3%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 969 27 branches Branches, subsidiaries, offices 2,227 ATMs 100+ Remittance tie-ups 150+ Remittance agents 2026 Metropol
Slide 29: Sustainability Highlights in Q1 2026
Sustainability Highlights in Q1 2026 • PHP 35 Bn ASEAN Sustainability Bond, issued under the Sustainable Finance Framework ASEAN • 7x oversubscribed, signalling strong investor demand and high market confidence SUSTAINABILITY BOND • Proceeds allocated to eligible sustainable projects in line with th
Slide 30: 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 31: Outstanding Debt Issuances & Investment Grade Credit Ratings
Outstanding Debt Issuances & Investment Grade Credit Ratings Debt Issuance Details Baa2 Sept- Issue Coupon Maturity Amount Type 2026 19.0 Stable 25 Date Rate Date PHP Bond Jun-21 3.60% Sep-26 PHP19bn • High capitalization, with a proven history of shareholder support 14-Apr 5.47% Oct-27 PHP35bn • Ro
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 14% 14% 14% 14% 13% +4% 11% 11% 11% 12% 11% Trade +8% Trade 9% 9% 8% 9% 9% 8% 8% 8% 9% 9% -3% Manufacturing -5% Manufacturing 19% 20% 19% 20% 19% 19% 18% 18% 18% 18% +19% Real Estate 8% 8% 7%
Slide 34: Currency Breakdown
Currency Breakdown LOAN PORTFOLIO DEPOSITS Foreign Foreign Currency, Currency, 16% 18% Philippine Philippine Peso, 84% Peso, 82% 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 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
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