Metropolitan Bank & Trust Company (PSE:MBT)

PSE:MBT Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	120,127	103,968	71,729	66,397	86,566
Interest Income on Investments	57,698	49,901	30,839	20,938	21,360
Total Interest Income	177,825	153,869	102,568	87,335	107,926
Interest Paid on Deposits	48,975	41,120	11,420	5,502	11,326
Interest Paid on Borrowings	14,574	7,522	5,421	6,626	10,354
Total Interest Expense	63,549	48,642	16,841	12,128	21,680
Net Interest Income	114,276	105,227	85,727	75,207	86,246
Net Interest Income Growth (YoY)	8.60%	22.75%	13.99%	-12.80%	11.76%
Trust Income	1,195	1,220	1,541	1,655	1,444
Income From Trading Activities	8,904	-94	6,401	3,366	6,559
Gain (Loss) on Sale of Assets	654	2,113	898	381	15
Gain (Loss) on Sale of Investments	-	-	-	-	8,184
Other Non-Interest Income	18,305	25,008	17,755	20,271	18,788
Total Non-Interest Income	29,058	28,247	26,595	25,673	34,990
Non-Interest Income Growth (YoY)	2.87%	6.21%	3.59%	-26.63%	21.15%
Revenues Before Loan Losses	143,334	133,474	112,322	100,880	121,236
Provision for Loan Losses	6,166	8,492	8,008	11,806	40,760
Revenue	137,168	124,982	104,314	89,074	80,476
Revenue Growth (YoY)	9.75%	19.81%	17.11%	10.68%	-16.15%
Salaries and Employee Benefits	31,317	28,263	26,129	25,268	24,890
Occupancy Expenses	7,949	7,958	6,998	7,565	6,753
Selling, General & Administrative	4,091	3,500	2,880	2,247	2,079
Other Non-Interest Expense	33,210	29,214	24,083	23,408	25,487
Total Non-Interest Expense	75,802	68,060	59,386	57,920	58,545
EBT Excluding Unusual Items	61,366	56,922	44,928	31,154	21,931
Asset Writedown	-17	-12	-104	-28	-
Legal Settlements	-594	-587	-906	-985	-911
Pretax Income	60,578	55,849	43,918	30,141	21,020
Income Tax Expense	11,345	12,890	10,620	7,777	7,046
Earnings From Continuing Operations	49,233	42,959	33,298	22,364	13,974
Minority Interest in Earnings	-1,096	-721	-522	-208	-143
Net Income	48,137	42,238	32,776	22,156	13,831
Net Income to Common	48,137	42,238	32,776	22,156	13,831
Net Income Growth	13.97%	28.87%	47.93%	60.19%	-50.70%
Basic Shares Outstanding	4,496	4,496	4,496	4,496	4,496
Diluted Shares Outstanding	4,496	4,496	4,496	4,496	4,496
EPS (Basic)	10.71	9.39	7.29	4.93	3.08
EPS (Diluted)	10.71	9.39	7.29	4.93	3.08
EPS Growth	13.97%	28.87%	47.93%	60.19%	-50.70%
Dividend Per Share	3.000	3.000	1.600	1.600	1.000
Dividend Growth	-	87.50%	-	60.00%	-
Effective Tax Rate	18.73%	23.08%	24.18%	25.80%	33.52%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.