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Metrobank

Metrobank's customer deposits rose 6.29% yoy to PHP 1,249,920 mil in 3Q2016

By Helgi Library - February 20, 2020

Metrobank's customer deposits reached PHP 1,249,920 mil in 2016-09-30, down 0.604% compared to the previous year. Filipino bank...

Metrobank's market capitalisation (end of period) fell 4.40% yoy to USD 5,881 mil in 4Q2019

By Helgi Library - February 20, 2020

Metrobank stock traded at PHP 66.3 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 5,881 mil....

Metrobank's capital adequacy ratio rose 3.00% yoy to 17.5% in 4Q2019

By Helgi Library - February 20, 2020

Metrobank's capital adequacy ratio reached 17.5% at the end of fourth quarter of 2019, down from 17.6% when compared to the previ...

Profit Statement 2017 2018 2019
Net Interest Income PHP mil 61,588 68,963 76,997
Net Fee Income PHP mil 12,422 13,985 ...
Other Income PHP mil 8,468 7,413 ...
Total Revenues PHP mil 82,478 90,361 82,469
Staff Cost PHP mil 20,218 22,368 ...
Operating Profit PHP mil 35,797 37,486 ...
Provisions PHP mil 7,507 7,770 10,078
Net Profit PHP mil 18,026 21,595 28,278
Balance Sheet 2017 2018 2019
Interbank Loans PHP mil 76,766 96,521 54,767
Customer Loans PHP mil 1,265,470 1,391,030 1,483,570
Total Assets PHP mil 2,080,290 2,243,690 2,450,810
Shareholders' Equity PHP mil 204,090 290,704 ...
Interbank Borrowing PHP mil 227,835 259,607 ...
Customer Deposits PHP mil 1,527,960 1,556,750 1,714,140
Issued Debt Securities PHP mil 29,490 57,361 ...
Ratios 2017 2018 2019
ROE % 8.80 8.73 ...
ROA % 0.911 0.999 1.20
Costs (As % Of Assets) % 2.36 2.45 ...
Costs (As % Of Income) % 56.6 58.5 ...
Capital Adequacy Ratio % 14.4 17.0 17.5
Net Interest Margin % 3.11 3.19 3.28
Loans (As % Of Deposits) % 82.8 89.4 86.5
NPLs (As % Of Loans) % 0.992 1.19 ...
Provisions (As % Of NPLs) % 129 135 ...
Valuation 2017 2018 2019
Price/Earnings (P/E) 17.9 14.2 10.5
Price/Book Value (P/BV) 1.58 1.05 ...
Dividend Yield % 0.986 1.24 ...
Earnings Per Share (EPS) PHP 4.80 5.06 6.29
Book Value Per Share PHP 54.3 68.1 ...
Dividend Per Share PHP 0.846 0.885 ...

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summary Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                            
Net Interest Income PHP mil                                               38,704 46,025 49,452 53,097 61,588    
Total Revenues PHP mil                                               74,590 64,694 66,109 77,439 82,478    
Operating Profit PHP mil                                               36,520 24,448 26,877 33,931 35,797   ...
Net Profit PHP mil                                               19,948 13,448 18,168 18,024 18,026    
balance sheet                                                            
Interbank Loans PHP mil                                               148,286 158,039 72,982 135,961 76,766    
Customer Loans PHP mil                                               590,651 739,814 865,381 1,041,900 1,265,470    
Debt Securities PHP mil                                               385,777 395,829 502,963 363,858 395,514   ...
Total Assets PHP mil                                               1,378,570 1,604,540 1,760,690 1,876,010 2,080,290    
Shareholders' Equity PHP mil                                               142,705 158,785 203,310 205,553 204,090   ...
Interbank Borrowing PHP mil                               ...               127,204 140,399 176,791 161,376 227,835   ...
Customer Deposits PHP mil                                               1,023,090 1,189,030 1,263,450 1,393,000 1,527,960    
Issued Debt Securities PHP mil                                               20,271 40,896 41,003 41,022 29,490   ...
ratios                                                            
ROE % ...                                             14.9 8.92 10.0 8.82 8.80   ...
ROA % ...                                             1.65 0.902 1.08 0.991 0.911    
Costs (As % Of Assets) % ...                                             3.14 2.70 2.33 2.39 2.36   ...
Costs (As % Of Income) %                                               51.0 62.2 59.3 56.2 56.6   ...
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               16.7 16.0 17.8 15.5 14.4    
Net Interest Margin % ...                                             3.19 3.09 2.94 2.92 3.11    
Interest Income (As % Of Revenues) %                                               51.9 71.1 74.8 68.6 74.7    
Fee Income (As % Of Revenues) %                                               13.0 15.6 16.6 15.0 15.1   ...
Staff Cost (As % Of Total Cost) %                                               41.1 42.8 40.8 42.2 43.3   ...
Equity (As % Of Assets) %                                               10.4 9.90 11.5 11.0 9.81   ...
Loans (As % Of Deposits) %                                               57.7 62.2 68.5 74.8 82.8    
Loans (As % Assets) %                                               42.8 46.1 49.2 55.5 60.8    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ...     ... ... ...               1.38 1.09 1.05 1.01 0.992   ...
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ...     ... ... ...               199 200 140 136 129   ...
valuation                                                            
Market Capitalisation (End Of Period) USD mil                                               4,673 5,092 5,463 4,654 6,449    
Number Of Shares (Average) mil                   ... ...                         3,345 3,345 3,655 3,759 3,757    
Share Price (End Of Period) PHP                                               62.0 68.1 68.1 61.4 85.8    
Earnings Per Share (EPS) PHP                   ... ...                         5.82 3.87 4.83 4.72 4.80    
Book Value Per Share PHP                   ... ...                         42.7 47.5 55.6 54.7 54.3   ...
Dividend Per Share PHP                     ...                         0.821 0.821 0.846 0.846 0.846   ...
Price/Earnings (P/E)                   ... ...                         10.7 17.6 14.1 13.0 17.9    
Price/Book Value (P/BV)                   ... ...                         1.45 1.43 1.22 1.12 1.58   ...
Dividend Yield %                     ...                         1.32 1.20 1.24 1.38 0.986   ...
Earnings Per Share Growth % ...                 ... ... ...                       58.3 -33.5 24.8 -2.25 1.55    
Book Value Per Share Growth % ...                                             14.4 11.3 17.2 -1.70 -0.675    
income statement Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                            
Interest Income PHP mil                                               50,327 59,556 66,034 68,332 80,504   ...
Interest Cost PHP mil                                               11,623 13,531 16,582 15,235 18,916    
Net Interest Income PHP mil                                               38,704 46,025 49,452 53,097 61,588    
Net Fee Income PHP mil                                               9,711 10,084 10,958 11,603 12,422   ...
Other Income PHP mil                                               26,175 8,585 5,699 12,739 8,468   ...
Total Revenues PHP mil                                               74,590 64,694 66,109 77,439 82,478    
Staff Cost PHP mil                                               15,634 17,245 16,014 18,374 20,218   ...
Depreciation PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   2,081 2,566 2,605 2,988 3,169   ...
Other Cost PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   20,355 20,435 20,613 22,146 23,294   ...
Operating Cost PHP mil                                               38,070 40,246 39,232 43,508 46,681   ...
Operating Profit PHP mil                                               36,520 24,448 26,877 33,931 35,797   ...
Provisions PHP mil                                               10,722 4,849 2,059 7,342 7,507    
Extra and Other Cost PHP mil                                               -1,477 -443 -409 -261 -689   ...
Pre-Tax Profit PHP mil                                               27,275 20,042 25,227 26,850 28,979    
Tax PHP mil                                               5,659 3,602 5,041 6,596 7,906    
Minorities PHP mil                                               1,668 2,992 2,018 2,230 3,047    
Net Profit PHP mil                                               19,948 13,448 18,168 18,024 18,026    
Dividends PHP mil                     ...                         2,745 2,745 3,180 3,180 3,180   ...
growth rates                                                            
Net Interest Income Growth % ...                                             24.8 18.9 7.45 7.37 16.0    
Net Fee Income Growth % ... ... ... ... ... ... ... ... ... ... ...                         8.19 3.84 8.67 5.89 7.06   ...
Total Revenue Growth % ...                                             41.9 -13.3 2.19 17.1 6.51    
Operating Cost Growth % ...                                             16.8 5.72 -2.52 10.9 7.29   ...
Operating Profit Growth % ...                                             83.0 -33.1 9.94 26.2 5.50   ...
Pre-Tax Profit Growth % ...                                             51.3 -26.5 25.9 6.43 7.93    
Net Profit Growth % ...                                             56.1 -32.6 35.1 -0.790 0.011    
market share                                                            
Market Share in Revenues % ... ... ... ... ... ... ... ... ... ... ...                         18.8 15.8 15.6 15.9 15.4 ... ...
Market Share in Net Profit % ... ... ... ... ... ... ... ... ... ... ...                         16.6 11.5 15.8 14.2 13.2 ... ...
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... ... ... ... ... ... ... ... ...
balance sheet Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                                            
Cash PHP mil                                               196,516 250,196 247,240 265,359 289,590   ...
Interbank Loans PHP mil                                               148,286 158,039 72,982 135,961 76,766    
Customer Loans PHP mil                                               590,651 739,814 865,381 1,041,900 1,265,470    
Retail Loans PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         57,734 65,048 82,025 98,883 118,166   ...
Corporate Loans PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         455,420 575,100 682,646 837,240 1,009,870   ...
Debt Securities PHP mil                                               385,777 395,829 502,963 363,858 395,514   ...
Fixed Assets PHP mil                                               15,756 16,231 21,670 21,995 22,362   ...
Intangible Assets PHP mil ... ... ... ... ... ... ...         ... ...                     6,102 6,503 6,934 6,840 5,200   ...
Goodwill PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ...   ... ...               5,206 5,201 5,202 5,200 5,200   ...
Total Assets PHP mil                                               1,378,570 1,604,540 1,760,690 1,876,010 2,080,290    
Shareholders' Equity PHP mil                                               142,705 158,785 203,310 205,553 204,090   ...
Of Which Minority Interest PHP mil                                               7,818 8,656 9,551 9,551 9,535    
Liabilities PHP mil                                               1,235,860 1,445,760 1,557,380 1,670,460 1,876,200   ...
Interbank Borrowing PHP mil                               ...               127,204 140,399 176,791 161,376 227,835   ...
Customer Deposits PHP mil                                               1,023,090 1,189,030 1,263,450 1,393,000 1,527,960    
Sight Deposits PHP mil                                               150,694 187,285 233,912 298,388 344,708   ...
Term Deposits PHP mil                                               865,574 982,919 1,009,810 1,068,010 1,153,230    
Issued Debt Securities PHP mil                                               20,271 40,896 41,003 41,022 29,490   ...
Subordinated Debt PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ...                     8,628 29,452 29,487 29,524 26,580    
Other Liabilities PHP mil                               ...               65,302 75,426 76,142 75,059 90,915   ...
asset quality                                                            
Non-Performing Loans PHP mil ... ... ... ... ... ... ... ... ... ... ...     ... ... ...               8,360 8,226 9,184 10,640 12,716   ...
Gross Loans PHP mil                                               607,277 756,264 878,283 1,056,320 1,281,880    
Total Provisions PHP mil                                               16,626 16,450 12,902 14,426 16,407    
growth rates                                                            
Customer Loan Growth % ...                                             17.5 25.3 17.0 20.4 21.5    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       10.8 12.7 26.1 20.6 19.5   ...
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       18.1 26.3 18.7 22.6 20.6   ...
Total Asset Growth % ...                                             31.7 16.4 9.73 6.55 10.9    
Shareholders' Equity Growth % ...                                             14.4 11.3 28.0 1.10 -0.712   ...
Customer Deposit Growth % ...                                             38.2 16.2 6.26 10.3 9.69    
market share                                                            
Market Share in Customer Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   14.5 14.5 14.9 15.4 16.0 ... ...
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       22.8 23.4 24.0 24.7 24.8 ... ...
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 20.7 ... ... ... ... ... ...
Market Share in Total Assets % ... ... ... ... ... ... ... ... ... ... ...                         16.0 16.4 16.4 15.4 15.2 ... ...
Market Share in Customer Deposits % ... ... ... ... ... ... ... ... ... ... ...                         16.9 17.5 16.9 15.9 15.4 ... ...
ratios Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
ratios                                                            
ROE % ...                                             14.9 8.92 10.0 8.82 8.80   ...
ROA % ...                                             1.65 0.902 1.08 0.991 0.911    
Costs (As % Of Assets) % ...                                             3.14 2.70 2.33 2.39 2.36   ...
Costs (As % Of Income) %                                               51.0 62.2 59.3 56.2 56.6   ...
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               16.7 16.0 17.8 15.5 14.4    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               15.0 12.1 14.3 12.5 11.8    
Net Interest Margin % ...                                             3.19 3.09 2.94 2.92 3.11    
Interest Spread % ...                                             3.07 2.98 2.82 2.81 3.00   ...
Asset Yield % ...                                             4.15 3.99 3.92 3.76 4.07    
Cost Of Liabilities % ...                                             1.08 1.01 1.10 0.944 1.07   ...
Payout Ratio %                     ...                         13.8 20.4 17.5 17.6 17.6   ...
Interest Income (As % Of Revenues) %                                               51.9 71.1 74.8 68.6 74.7    
Fee Income (As % Of Revenues) %                                               13.0 15.6 16.6 15.0 15.1   ...
Other Income (As % Of Revenues) %                                               35.1 13.3 8.62 16.5 10.3   ...
Cost Per Employee USD per month ... ...   ...         ... ... ...         ...     ...     ...   2,964 2,883 2,386 2,521 2,698 ... ...
Cost Per Employee (Local Currency) PHP per month ... ...   ...         ... ... ...         ...     ...     ...   125,841 128,472 109,610 122,259 134,528 ... ...
Staff Cost (As % Of Total Cost) %                                               41.1 42.8 40.8 42.2 43.3   ...
Equity (As % Of Assets) %                                               10.4 9.90 11.5 11.0 9.81   ...
Loans (As % Of Deposits) %                                               57.7 62.2 68.5 74.8 82.8    
Loans (As % Assets) %                                               42.8 46.1 49.2 55.5 60.8    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ...     ... ... ...               1.38 1.09 1.05 1.01 0.992   ...
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ...     ... ... ...               199 200 140 136 129   ...
Provisions (As % Of Loans) %                                               2.81 2.22 1.49 1.38 1.30    
Cost of Provisions (As % Of Loans) % ...                                             1.96 0.729 0.257 0.770 0.651    
other data Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
other data                                                            
Branches ... ... ... ... ... ... ... ... ... ... ...     ... ... ... ... ...       ... ... 856 920 945 959 962 ... ...
Employees ... ...   ...         ... ... ...         ...     ...     ...   10,353 11,186 12,175 12,524 12,524 ... ...
ATMs ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2,100 2,226 2,305 2,352 ... ...
Sight (As % Of Customer Deposits) %                                               14.7 15.8 18.5 21.4 22.6   ...
Risk-Weighted Assets PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               817,812 962,779 1,108,480 1,302,840 1,528,620    
Return on Loans %                                               3.65 2.02 2.26 1.89 1.56    
Operating Profit (As % of Loans) % ...                                             6.68 3.68 3.35 3.56 3.10   ...
Costs (As % Of Loans) % ...                                             6.96 6.05 4.89 4.56 4.05   ...
Equity (As % Of Loans) %                                               24.2 21.5 23.5 19.7 16.1   ...

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Metrobank's customer loan growth fell 33.0% yoy to 6.65% in 4Q2019

By Helgi Library - February 20, 2020

Metrobank's customer loan growth reached 6.65% in 2019-12-31, down from 9.92% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 40.3% in 2000-06-30 and an all time low of -11.6% in 2002-03-31. In the last dec...

Metrobank's net profit rose 30.9% yoy to PHP 28,278 mil in 2019

By Helgi Library - February 20, 2020

Metrobank made a net profit of PHP 28,278 mil under revenues of PHP 82,469 mil in 2019, up 30.9% and -8.73% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of PHP 28,278 mil in 2019 and an all time low of PHP 8...

Metrobank's capital adequacy ratio rose 3.00% yoy to 17.5% in 2019

By Helgi Library - February 20, 2020

Metrobank's capital adequacy ratio reached 17.5% at the end of 2019, up from 17.0% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 17.8% in 2015 and an all time low of 13.4% in 2008. The Tier 1 ratio amounted to ...

Metrobank's customer loan growth fell 33.0% yoy to 6.65% in 2019

By Helgi Library - February 20, 2020

Metrobank's customer loan growth reached 6.65% in 2019, down from 9.92% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 55.5% in 1995 and an all time low of -1.28% in 2001. In the last decade, the average a...

Metrobank's net profit rose 48.8% yoy to PHP 8,354 mil in 3Q2019

By Helgi Library - February 20, 2020

Metrobank made a net profit of PHP 8,354 mil under revenues of PHP 29,736 mil in the third quarter of 2019, up 48.8% and 27.8% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of PHP 11,124 ...

Metrobank's net interest income rose 11.5% yoy to PHP 19,717 mil in 3Q2019

By Helgi Library - February 20, 2020

Metrobank generated total banking revenues of PHP 29,736 mil in the third quarter of 2019, up 27.8% when compared to the same period of last year and 15.8% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fe...

Metrobank's net interest margin rose 4.08% yoy to 3.42% in 3Q2019

By Helgi Library - February 21, 2020

Metrobank's net interest margin amounted to 3.42% in the third quarter of 2019, up from 3.25% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 7.96% in 4Q2005 and an all time low of -1.11% i...

Metrobank's price/earnings (P/E) fell 26.4% yoy to 8.15 in 3Q2019

By Helgi Library - February 20, 2020

Metrobank stock traded at PHP 60.5 per share at the end third quarter of 2019 implying a market capitalization of USD 5,254 mil. Since the end of 3Q2014, the stock has depreciated by -15.0 % implying an annual average growth of -3.20 %. In absolute terms, the value of...

Metrobank's equity (as % of assets) rose 0.443% yoy to 13.5% in 3Q2019

By Helgi Library - February 20, 2020

Metrobank's Equity reached 13.5% of total assets in the 3Q2019, up from 13.4% for the previous year. As a share of net customer loans, the ratio amounted to 22.2% at the end of the third quarter of 2019. ...

Metrobank's npls (as % of loans) rose 20.3% yoy to 1.19% in 4Q2018

By Helgi Library - March 4, 2020

Metrobank's non-performing loans reached 1.19% of total loans at the end of 2018-12-31, up from 0.992% compared to the previous year. Historically, the NPL ratio hit an all time high of 13.8% in 2003-12-31 and an all time low of 0.992% in 2017-12-31. Provis...

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