Metropolitan Bank & Trust Company (PSE: MBT)

MBT Income Statement

Financials in millions PHP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	112,671	103,968	71,729	66,397	86,566	96,788
Interest Income on Investments	55,538	49,901	30,839	20,938	21,360	19,567
Total Interest Income	168,209	153,869	102,568	87,335	107,926	116,355
Interest Paid on Deposits	46,694	41,120	11,420	5,502	11,326	23,407
Interest Paid on Borrowings	8,897	7,522	5,421	6,626	10,354	15,779
Total Interest Expense	55,591	48,642	16,841	12,128	21,680	39,186
Net Interest Income	112,618	105,227	85,727	75,207	86,246	77,169
Net Interest Income Growth (YoY)	16.72%	22.75%	13.99%	-12.80%	11.76%	11.90%
Trust Income	1,220	1,220	1,541	1,655	1,444	1,241
Income From Trading Activities	-3,525	-94	6,401	3,366	6,559	5,322
Gain (Loss) on Sale of Assets	2,164	2,113	898	381	15	585
Gain (Loss) on Sale of Investments	-	-	-	-	8,184	150
Other Non-Interest Income	25,483	25,008	17,755	20,271	18,788	21,584
Total Non-Interest Income	25,342	28,247	26,595	25,673	34,990	28,882
Non-Interest Income Growth (YoY)	-3.73%	6.21%	3.59%	-26.63%	21.15%	26.85%
Revenues Before Loan Losses	137,960	133,474	112,322	100,880	121,236	106,051
Provision for Loan Losses	5,019	8,492	8,008	11,806	40,760	10,078
Revenue	132,941	124,982	104,314	89,074	80,476	95,973
Revenue Growth (YoY)	16.49%	19.81%	17.11%	10.68%	-16.15%	14.27%
Salaries and Employee Benefits	29,464	28,263	26,129	25,268	24,890	23,706
Occupancy Expenses	8,324	8,163	6,998	7,565	6,753	6,669
Selling, General & Administrative	3,295	3,295	2,880	2,247	2,079	2,466
Other Non-Interest Expense	30,570	29,214	24,083	23,408	25,487	24,161
Total Non-Interest Expense	70,778	68,060	59,386	57,920	58,545	56,134
EBT Excluding Unusual Items	62,163	56,922	44,928	31,154	21,931	39,839
Asset Writedown	-12	-12	-104	-28	-	-
Legal Settlements	-587	-587	-906	-985	-911	-904
Pretax Income	61,090	55,849	43,918	30,141	21,020	38,935
Income Tax Expense	15,317	12,890	10,620	7,777	7,046	10,061
Earnings From Continuing Operations	45,773	42,959	33,298	22,364	13,974	28,874
Minority Interest in Earnings	-828	-721	-522	-208	-143	-819
Net Income	44,945	42,238	32,776	22,156	13,831	28,055
Net Income to Common	44,945	42,238	32,776	22,156	13,831	28,055
Net Income Growth	18.00%	28.87%	47.93%	60.19%	-50.70%	27.48%
Basic Shares Outstanding	4,496	4,496	4,496	4,496	4,496	4,496
Diluted Shares Outstanding	4,496	4,496	4,496	4,496	4,496	4,496
Shares Change (YoY)	-	-	-	-	-	5.37%
EPS (Basic)	10.00	9.39	7.29	4.93	3.08	6.24
EPS (Diluted)	10.00	9.39	7.29	4.93	3.08	6.24
EPS Growth	18.00%	28.87%	47.93%	60.19%	-50.70%	20.98%
Dividend Per Share	3.000	3.000	1.600	1.600	1.000	1.000
Dividend Growth	87.50%	87.50%	0%	60.00%	0%	12.99%
Effective Tax Rate	25.07%	23.08%	24.18%	25.80%	33.52%	25.84%

Source: S&P Capital IQ. Banks template. Financial Sources.