- Metrobank reported a net income of 24.8 billion pesos for the first half of the year.
- Provision for loan losses amounted to 5.8 billion pesos.
- Net interest income stood at 60 billion pesos.
- Non-performing loans (NPL) ratio improved to 1.5% from last year’s 1.7%.
- The first half profit was boosted by factors including healthy loan growth, recovering margins, robust trading income, and improving cost efficiency.
- Pre-provision operating profit increased by 16.3% year-on-year to 39.1 billion pesos.
- Gross loans grew by 13.2% year-on-year, driven by a 12.7% rise in institutional loans due to increased corporate capital expenditures.
- Consumer loans increased by 15.3% year-on-year, with credit card receivables and auto loans rising by 18.2% and 17.8% respectively.
- Non-interest income surged 46.2% to 17.6 billion pesos, supported by trading and forex gains of 5.4 billion pesos and fee income of 8.6 billion pesos.
- Operating costs saw a 5.9% year-on-year increase.
- The NPL cover stood at 153.9%.
- Consolidated assets reached 3.5 trillion pesos, a 6% increase from the previous year.
- Market analysts have issued 15 ‘buy’ recommendations, 2 ‘hold’, and 1 ‘sell’ for the stock.
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A look at Metropolitan Bank & Trust Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Metropolitan Bank & Trust Company, offering commercial and investment banking services, is positioned for a stable long-term outlook based on a comprehensive analysis utilizing the Smartkarma Smart Scores. The company’s strong dividend and growth scores of 4 each highlight its potential for consistent returns and expansion in the future. Additionally, a resilience score of 3 indicates the company’s ability to withstand economic fluctuations, adding to its appeal for long-term investors.
Although Metropolitan Bank & Trust Company shows moderate scores in value and momentum at 3, its overall outlook remains positive. Investors looking for a reliable banking institution with growth potential and solid dividend returns may find Metropolitan Bank & Trust Company to be a promising option in their portfolio based on the Smartkarma Smart Scores analysis.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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