Metropolitan Bank & Trust（MBT）株式概要メトロポリタン・バンク＆トラスト・カンパニーは、その子会社とともに、フィリピン、その他のアジア諸国、米国、欧州において、様々な商業銀行および投資銀行向け商品・サービスを提供している。 詳細MBT ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長2/6過去の実績2/6財務の健全性6/6配当金6/6報酬当社が推定した公正価値より31.6%で取引されている 収益は年間8.07%増加すると予測されています 過去5年間の収益は年間20.9%増加しました。 7.52%の高配当で安定した配当金を支払う アナリストらは、株価が26.2%上昇するだろうとほぼ一致している。 リスク分析リスクチェックの結果、MBT 、リスクは検出されなかった。すべてのリスクチェックを見るMBT Community Fair Values Create NarrativeSee what 399 others think this stock is worth. Follow their fair value or set your own to get alerts.NEW486,402 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG486,402 investors already sharing narrativesYour Fair Value₱Current Price₱66.5019.2% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0234b2016201920222025202620282031Revenue ₱233.5bEarnings ₱79.6bAdvancedSet Fair ValueView all narrativesMetropolitan Bank & Trust Company 競合他社China BankingSymbol: PSE:CBCMarket cap: ₱151.4bBank of the Philippine IslandsSymbol: PSE:BPIMarket cap: ₱550.8bBDO UnibankSymbol: PSE:BDOMarket cap: ₱677.6bPhilippine National BankSymbol: PSE:PNBMarket cap: ₱90.6b価格と性能株価の高値、安値、推移の概要Metropolitan Bank & Trust過去の株価現在の株価₱66.5052週高値₱78.2552週安値₱61.95ベータ0.601ヶ月の変化-1.48%3ヶ月変化-1.48%1年変化-8.78%3年間の変化14.26%5年間の変化49.44%IPOからの変化238.15%最新ニュースRecent Insider Transactions • Jun 11Insider recently bought ₱499k worth of stockOn the 8th of June, Ramon Jaime Lardizabal Del Rosario bought around 8k shares on-market at roughly ₱64.00 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth ₱506k. Insiders have collectively bought ₱3.4m more in shares than they have sold in the last 12 months.Recent Insider Transactions • May 21Insider recently bought ₱506k worth of stockOn the 18th of May, Angelica Reyes bought around 8k shares on-market at roughly ₱65.20 per share. This transaction amounted to 71% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱2.9m more in shares than they have sold in the last 12 months.Reported Earnings • May 06First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: ₱2.80 (up from ₱2.73 in 1Q 2025). Revenue: ₱37.1b (up 4.7% from 1Q 2025). Net income: ₱12.6b (up 2.9% from 1Q 2025). Profit margin: 34% (in line with 1Q 2025). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 23Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: ₱11.06 (up from ₱10.71 in FY 2024). Revenue: ₱145.3b (up 5.9% from FY 2024). Net income: ₱49.7b (up 3.3% from FY 2024). Profit margin: 34% (in line with FY 2024). Net interest margin (NIM): 3.64% (down from 3.77% in FY 2024). Cost-to-income ratio: 50.7% (down from 53.8% in FY 2024). Non-performing loans: 1.68% (up from 1.40% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year.Declared Dividend • Feb 21Dividend of ₱3.50 announcedDividend of ₱3.50 is the same as last year. Ex-date: 6th March 2026 Payment date: 26th March 2026 Dividend yield will be 6.6%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (27% payout ratio) and is expected to be well covered in 3 years' time (37% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Recent Insider Transactions • Jan 31Head of Financial Market Sector recently bought ₱1.8m worth of stockOn the 29th of January, Fernand Antonio Tansingco bought around 25k shares on-market at roughly ₱70.20 per share. This transaction amounted to 9.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱3.3m more in shares than they have sold in the last 12 months.最新情報をもっと見るRecent updatesRecent Insider Transactions • Jun 11Insider recently bought ₱499k worth of stockOn the 8th of June, Ramon Jaime Lardizabal Del Rosario bought around 8k shares on-market at roughly ₱64.00 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth ₱506k. Insiders have collectively bought ₱3.4m more in shares than they have sold in the last 12 months.Recent Insider Transactions • May 21Insider recently bought ₱506k worth of stockOn the 18th of May, Angelica Reyes bought around 8k shares on-market at roughly ₱65.20 per share. This transaction amounted to 71% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱2.9m more in shares than they have sold in the last 12 months.Reported Earnings • May 06First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: ₱2.80 (up from ₱2.73 in 1Q 2025). Revenue: ₱37.1b (up 4.7% from 1Q 2025). Net income: ₱12.6b (up 2.9% from 1Q 2025). Profit margin: 34% (in line with 1Q 2025). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 23Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: ₱11.06 (up from ₱10.71 in FY 2024). Revenue: ₱145.3b (up 5.9% from FY 2024). Net income: ₱49.7b (up 3.3% from FY 2024). Profit margin: 34% (in line with FY 2024). Net interest margin (NIM): 3.64% (down from 3.77% in FY 2024). Cost-to-income ratio: 50.7% (down from 53.8% in FY 2024). Non-performing loans: 1.68% (up from 1.40% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year.Declared Dividend • Feb 21Dividend of ₱3.50 announcedDividend of ₱3.50 is the same as last year. Ex-date: 6th March 2026 Payment date: 26th March 2026 Dividend yield will be 6.6%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (27% payout ratio) and is expected to be well covered in 3 years' time (37% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Recent Insider Transactions • Jan 31Head of Financial Market Sector recently bought ₱1.8m worth of stockOn the 29th of January, Fernand Antonio Tansingco bought around 25k shares on-market at roughly ₱70.20 per share. This transaction amounted to 9.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱3.3m more in shares than they have sold in the last 12 months.お知らせ • Jan 15Metropolitan Bank & Trust Company, Annual General Meeting, Apr 22, 2026Metropolitan Bank & Trust Company, Annual General Meeting, Apr 22, 2026, at 14:00 W. Australia Standard Time.Buy Or Sell Opportunity • Nov 07Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.0% to ₱66.00. The fair value is estimated to be ₱83.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.Reported Earnings • Nov 05Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ₱2.76 (up from ₱2.70 in 3Q 2024). Revenue: ₱36.8b (down 1.5% from 3Q 2024). Net income: ₱12.4b (up 2.5% from 3Q 2024). Profit margin: 34% (up from 33% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.9%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Sep 22Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.4% to ₱70.00. The fair value is estimated to be ₱88.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.Recent Insider Transactions • Sep 12Head of Financial Market Sector recently bought ₱370k worth of stockOn the 10th of September, Fernand Antonio Tansingco bought around 5k shares on-market at roughly ₱68.50 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱884k more in shares than they have sold in the last 12 months.Buy Or Sell Opportunity • Sep 05Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.3% to ₱69.50. The fair value is estimated to be ₱88.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.Declared Dividend • Aug 26First half dividend of ₱1.50 announcedDividend of ₱1.50 is the same as last year. Ex-date: 5th September 2025 Payment date: 23rd September 2025 Dividend yield will be 7.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (27% payout ratio) and is expected to be well covered in 3 years' time (33% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Aug 22Metropolitan Bank & Trust Company Announces Second Payout of Regular Cash Dividend, Payable on 23 September 2025The Board of Directors of Metropolitan Bank & Trust Company, in its regular meeting held on 20 August 2025, through its President, passed a resolution for the fixing of 08 September 2025 as the Record Date and 23 September 2025 as Payment Date for the second payout of regular cash dividend of PHP 1.50, representing second half of the previously approved PHP 3.00 regular dividend last 19 February 2025.Reported Earnings • Aug 02Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ₱2.80 (up from ₱2.58 in 2Q 2024). Revenue: ₱36.3b (up 6.0% from 2Q 2024). Net income: ₱12.6b (up 8.5% from 2Q 2024). Profit margin: 35% (in line with 2Q 2024). Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.2%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 15% per year.お知らせ • Jun 26Metropolitan Bank & Trust Company Announces Executive ChangesMetropolitan Bank & Trust Company announced the appointment of Mr. Renato K. De Borja, Jr. with the rank of Executive Vice President as Head of Financial & Control Sector effective 1 July 2025 to replace Mr. Joshua E. Naing whose fixed term engagement will end on 1 July 2025. Mr. De Borja has been with the Bank for more than 4 years as the Bank's Financial Control Deputy Sector Head and Controller. He brings 32 years of solid experience performing various roles in financial accounting & control, business finance & analytics, legal & compliance, admin services, consumer banking, remittance marketing and customer contact center operations with various banks and financial institutions.Buy Or Sell Opportunity • May 30Now 23% undervaluedOver the last 90 days, the stock has risen 2.7% to ₱73.55. The fair value is estimated to be ₱95.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 17% in the next 2 years.Buy Or Sell Opportunity • May 15Now 21% undervaluedOver the last 90 days, the stock has risen 7.4% to ₱78.00. The fair value is estimated to be ₱99.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.Reported Earnings • May 01First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ₱2.73 (up from ₱2.67 in 1Q 2024). Revenue: ₱35.4b (up 2.1% from 1Q 2024). Net income: ₱12.3b (up 2.1% from 1Q 2024). Profit margin: 35% (in line with 1Q 2024). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 7.0%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Apr 11Head of Financial Market Sector recently bought ₱840k worth of stockOn the 4th of April, Fernand Antonio Tansingco bought around 12k shares on-market at roughly ₱73.05 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱3.4m more in shares than they have sold in the last 12 months.お知らせ • Mar 20Metropolitan Bank & Trust Company Hires Adhunik Chug as Deputy Head of Information Technology Group, Effective May 16, 2025The Board of Directors of Metropolitan Bank & Trust Company at its Regular Meeting held on March 19, 2025 approved the hiring of Mr. Adhunik Chug, with the rank of Senior Vice President as Deputy Head of Information Technology Group. Adhunik is a seasoned technology leader with extensive experience in APAC and global leadership roles across Big Tech and financial services. With expertise in enterprise solutions, cloud services, and Agile methodologies, Adhunik excels in building high-performing teams, driving digital transformation, and leading strategic initiatives that enhance business capabilities. Effective Date of Appointment is May 16, 2025.お知らせ • Mar 14Metropolitan Bank & Trust Company, Annual General Meeting, Apr 23, 2025Metropolitan Bank & Trust Company, Annual General Meeting, Apr 23, 2025, at 14:00 W. Australia Standard Time. Location: via cisco webex, PhilippinesBuy Or Sell Opportunity • Feb 25Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.8% to ₱72.50. The fair value is estimated to be ₱91.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 3.0% per annum over the same time period.Declared Dividend • Feb 24Final dividend of ₱3.50 announcedShareholders will receive a dividend of ₱3.50. Ex-date: 5th March 2025 Payment date: 28th March 2025 Dividend yield will be 6.7%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (41% payout ratio) and is expected to be well covered in 3 years' time (28% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 23Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: ₱7.29. Revenue: ₱137.7b (up 10% from FY 2023). Net income: ₱48.1b (up 14% from FY 2023). Profit margin: 35% (up from 34% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Banks industry in Philippines.お知らせ • Jan 27Metropolitan Bank & Trust Company Announces Executive RetirementsMetropolitan Bank & Trust Company announced that the retirement of Homer Gerrard L. Ortega as Head of Human Resources Management Group and the appointment of Karen Salve L. Angeles as Head of Human Resources Management Group. Ms. Angeles has been the Deputy Head of Human Resources Management Group since her hiring date in October 16, 2024. Prior to joining Metrobank, she was with Citibank for nine years where she held multiple Senior HR Generalist and Advisory roles, supporting different businesses at a country, regional and global level. She was the HR Site Head and Advisor for Citibank N.A. PH and Citibank Regional Operating Headquarters PH and she's also had various experiences in managing huge organizational changes and transformation initiatives. Prior to Citibank, she was with BDO Unibank and HSBC. Ms. Angeles graduated cum laude from the University of Santo Tomas, and since then has pursued her continuing professional development, including an MBA from Ateneo De Manila, and a Certificate course in HR Advisory from eCornell School of Industrial and Labor Relations.Reported Earnings • Oct 29Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: ₱2.70 (up from ₱2.42 in 3Q 2023). Revenue: ₱37.3b (up 15% from 3Q 2023). Net income: ₱12.1b (up 11% from 3Q 2023). Profit margin: 33% (down from 34% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Oct 22Now 21% undervaluedOver the last 90 days, the stock has risen 15% to ₱79.00. The fair value is estimated to be ₱100, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 15% in the next 2 years.Recent Insider Transactions • Oct 19Insider recently sold ₱813k worth of stockOn the 17th of October, Angelica Reyes sold around 10k shares on-market at roughly ₱81.25 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₱2.5m more than they sold in the last 12 months.Recent Insider Transactions • Oct 05Head of Financial Market Sector recently bought ₱487k worth of stockOn the 3rd of October, Fernand Antonio Tansingco bought around 6k shares on-market at roughly ₱81.10 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱3.3m more in shares than they have sold in the last 12 months.Buy Or Sell Opportunity • Sep 30Now 21% undervaluedOver the last 90 days, the stock has risen 21% to ₱78.60. The fair value is estimated to be ₱99.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.Declared Dividend • Aug 23First half dividend of ₱1.50 announcedShareholders will receive a dividend of ₱1.50. Ex-date: 4th September 2024 Payment date: 20th September 2024 Dividend yield will be 6.7%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (30% payout ratio) and is expected to be well covered in 3 years' time (38% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Aug 21+ 1 more updateMetropolitan Bank & Trust Company Hires Karen Salve Lee Angeles, with the Rank of Senior Vice President as Deputy Head of Human Resource Management GroupThe Board of Directors of Metropolitan Bank & Trust Company at its Regular Meeting held on August 20, 2024, approved the hiring of Ms. Karen Salve Lee Angeles, with the rank of Senior Vice President as Deputy Head of Human Resource Management Group. Karen brings with her over 20 years of solid experience in Human Resources spanning multiple HR facets, such as, but not limited to, HR Business Partnership and Strategic Advisory, Employee Relations and Engagement, Talent Management and Compensation. She has been with Citi since 2015 and has held various roles including HR Generalist for different businesses, HR Site Head and Advisor for Citibank N.A. PH and Citibank Regional Operating Headquarters, Regional HR Advisor for Enterprise Operations for Asia Pacific, and most recently, Global HR Advisor for Finance. As an HR leader, she's also had various experiences in managing huge organizational changes and transformation initiatives. Prior to joining Citi, she was with BDO Unibank and HSBC, where she built up her experience around HR Specialist areas, notably job evaluation, employee relations and engagement as well as HR policies. Karen graduated cum laude from the University of Santo Tomas, and since then has pursued her continuing professional development, including an MBA from Ateneo Graduate School of Business and a certificate course in HR Advisory from eCornell School of Industrial and Labor Relations.Reported Earnings • Aug 02Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: ₱2.58 (up from ₱2.32 in 2Q 2023). Revenue: ₱34.2b (up 13% from 2Q 2023). Net income: ₱11.6b (up 11% from 2Q 2023). Profit margin: 34% (in line with 2Q 2023). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 3.7%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Jul 16Now 20% undervaluedOver the last 90 days, the stock has risen 2.3% to ₱67.50. The fair value is estimated to be ₱84.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.Buy Or Sell Opportunity • Jun 25Now 21% undervaluedOver the last 90 days, the stock has risen 2.4% to ₱66.70. The fair value is estimated to be ₱84.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.Buy Or Sell Opportunity • May 30Now 21% undervaluedOver the last 90 days, the stock has risen 6.7% to ₱65.05. The fair value is estimated to be ₱82.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 13% in the next 2 years.お知らせ • May 18Metropolitan Bank & Trust Company Announces Retirement of Leandro Antonio Gianzon Santillan as Senior Vice President/Deputy Head, Effective June 01, 2024Metropolitan Bank & Trust Company announced retirement of Mr. Leandro Antonio Gianzon Santillan as SVP/Deputy Head, Financial Markets Sector, Effective June 01, 2024.Reported Earnings • May 02First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: ₱2.67 (up from ₱2.33 in 1Q 2023). Revenue: ₱34.7b (up 13% from 1Q 2023). Net income: ₱12.0b (up 14% from 1Q 2023). Profit margin: 35% (in line with 1Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 4.4%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Apr 16Now 20% undervaluedOver the last 90 days, the stock has risen 16% to ₱64.30. The fair value is estimated to be ₱80.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.Upcoming Dividend • Feb 29Upcoming dividend of ₱3.50 per shareEligible shareholders must have bought the stock before 07 March 2024. Payment date: 25 March 2024. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 8.1%. Within top quartile of Filipino dividend payers (5.6%). Higher than average of industry peers (3.4%).お知らせ • Feb 29Metropolitan Bank & Trust Company Announces Retirement of Lita Salonga Tan as SVP/Deputy Head, Branch Banking Sector, Effective March 1, 2024Metropolitan Bank & Trust Company announced retirement of Ms. Lita Salonga Tan as SVP/Deputy Head, Branch Banking Sector, effective March 1, 2024.Reported Earnings • Feb 28Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: ₱9.40 (up from ₱7.29 in FY 2022). Revenue: ₱125.0b (up 20% from FY 2022). Net income: ₱42.2b (up 29% from FY 2022). Profit margin: 34% (up from 31% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.90% (up from 3.56% in FY 2022). Cost-to-income ratio: 52.1% (down from 54.3% in FY 2022). Non-performing loans: 1.72% (down from 1.86% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Declared Dividend • Feb 24Dividend increased to ₱3.50Dividend of ₱3.50 is 59% higher than last year. Ex-date: 7th March 2024 Payment date: 25th March 2024 Dividend yield will be 7.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (17% payout ratio) and is expected to be well covered in 3 years' time (26% forecast payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 22+ 1 more updateMetropolitan Bank & Trust Company Approves Special Cash Dividend, Payable on March 25, 2024Metropolitan Bank & Trust Company approved special cash dividend of PHP 2.00 per share. Record Date: March 8, 2024. Payment Date: March 25, 2024..Buy Or Sell Opportunity • Jan 25Now 21% undervaluedOver the last 90 days, the stock has risen 11% to ₱57.50. The fair value is estimated to be ₱72.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.お知らせ • Jan 22Metropolitan Bank & Trust Company Announces the Resignation of David Peter Buckley Holmes as SVP/Head, Branch Operations Support Group, Effective February 11, 2024Metropolitan Bank & Trust Company announced the resignation of Mr. David Peter Buckley Holmes as SVP/Head, Branch Operations Support Group. Effective Date of Resignation: February 11, 2024. Reason(s) for Resignation: Personal reasons.お知らせ • Jan 18Metropolitan Bank & Trust Company, Annual General Meeting, Apr 24, 2024Metropolitan Bank & Trust Company, Annual General Meeting, Apr 24, 2024, at 14:00 Singapore Standard Time.お知らせ • Dec 27Metropolitan Bank & Trust Company Announces Demise of Richard Benedict Sha So, Executive Vice President, and Head of Products, Channels and Overseas Banking GroupMetropolitan Bank & Trust Company announced that Richard Benedict Sha So with the rank of Executive Vice President, and Head of Products, Channels and Overseas Banking Group passed away on December 25, 2023.Reported Earnings • Oct 29Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: ₱2.42 (up from ₱1.75 in 3Q 2022). Revenue: ₱32.4b (up 28% from 3Q 2022). Net income: ₱10.9b (up 39% from 3Q 2022). Profit margin: 34% (up from 31% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Oct 05Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.4%. The fair value is estimated to be ₱67.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.Buying Opportunity • Sep 15Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 1.1%. The fair value is estimated to be ₱67.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.Upcoming Dividend • Aug 31Upcoming dividend of ₱0.80 per share at 5.5% yieldEligible shareholders must have bought the stock before 07 September 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 5.5%. Lower than top quartile of Filipino dividend payers (5.6%). Higher than average of industry peers (3.3%).お知らせ • Aug 24Metropolitan Bank & Trust Company Announces Regular Cash Dividend, Payable on 22 September 2023The Board of Directors of Metropolitan Bank & Trust Company, in its regular meeting held on 23 August 2023, passed resolution for the fixing of 08 September 2023 as the Record Date and 22 September 2023 as Payment Date for the second payout of regular cash dividend of PHP 0.80, representing second half of the previously approved PHP 1.60 regular dividend last 22 February 2023.Buying Opportunity • Aug 23Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 7.6%. The fair value is estimated to be ₱68.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.Reported Earnings • Aug 03Second quarter 2023 earnings: EPS in line with expectations, revenues disappointSecond quarter 2023 results: EPS: ₱2.32 (up from ₱1.69 in 2Q 2022). Revenue: ₱30.4b (up 19% from 2Q 2022). Net income: ₱10.4b (up 37% from 2Q 2022). Profit margin: 34% (up from 30% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Jun 02Head of Financial Market Sector recently bought ₱2.8m worth of stockOn the 31st of May, Fernand Antonio Tansingco bought around 50k shares on-market at roughly ₱56.50 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱3.5m more in shares than they have sold in the last 12 months.Recent Insider Transactions • May 21Non-Executive Chairman of the Board recently bought ₱2.7m worth of stockOn the 12th of May, Arthur Ty bought around 45k shares on-market at roughly ₱60.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Arthur has been a buyer over the last 12 months, purchasing a net total of ₱1.7m worth in shares.お知らせ • May 18Metropolitan Bank & Trust Company Announces Resignation of Ricardo D. Peña as SVP/Head, Strategic Support and Transformation Division, Effective May 27, 2023Metropolitan Bank & Trust Company announced the resignation of Mr. Ricardo D. Peña as SVP/Head, Strategic Support and Transformation Division. Effective date is May 27, 2023.お知らせ • May 16Metropolitan Bank & Trust Company Announces Management ChangesMetropolitan Bank & Trust Company announced the retirement of Mr. Paul Robert Y. Murga as Head, Operations Group and the appointment of Mr. Jose Antonio O. Vasco as Head, Operations Group. Mr. Vasco has been the Deputy Head of Operations Group since February 16, 2021. Prior to this, he was the Vice President, Deputy Head of Treasury Operations Support Division. He also held roles in Global Business Services at Deutsche Knowledge Services and Global Markets Operations at Standard Chartered Bank. He obtained his Bachelor of Science, Major in Business Management, at the De La Salle University-Manila. The retirement of Paul Robert Y. Murga is effective May 16, 2023. The appointment of Jose Antonio O. Vasco is effective May 16, 2023.Reported Earnings • May 06First quarter 2023 earnings: EPS in line with analyst expectations despite revenue beatFirst quarter 2023 results: EPS: ₱2.33 (up from ₱1.78 in 1Q 2022). Revenue: ₱30.6b (up 20% from 1Q 2022). Net income: ₱10.5b (up 31% from 1Q 2022). Profit margin: 34% (up from 31% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 18% per year and the company’s share price has also increased by 18% per year.Recent Insider Transactions • Apr 29President & Executive Director recently sold ₱1.8m worth of stockOn the 24th of April, Fabian Dee sold around 31k shares on-market at roughly ₱58.12 per share. This transaction amounted to 98% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Fabian's only on-market trade for the last 12 months.Upcoming Dividend • Mar 07Upcoming dividend of ₱2.20 per share at 5.0% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 31 March 2023. Trailing yield: 5.0%. Lower than top quartile of Filipino dividend payers (5.4%). Higher than average of industry peers (2.3%).Reported Earnings • Mar 03Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: ₱7.29 (up from ₱4.93 in FY 2021). Revenue: ₱104.9b (up 18% from FY 2021). Net income: ₱32.8b (up 48% from FY 2021). Profit margin: 31% (up from 25% in FY 2021). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.56% (up from 3.39% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.2%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year.お知らせ • Jan 26Metropolitan Bank & Trust Company, Annual General Meeting, Apr 26, 2023Metropolitan Bank & Trust Company, Annual General Meeting, Apr 26, 2023, at 14:00 Singapore Standard Time.お知らせ • Dec 29Metropolitan Bank & Trust Company Announces Executive ChangesMetropolitan Bank & Trust Company announced the appointment of Officers. Angelica S. Reyes with the rank of Senior Vice President was appointed as Deputy Head of Trust Banking Group effective 1 January 2023. Ms. Reyes has been at the helm of Treasury Group from January 1, 2020 to present. Previously, she was Markets Sales Group Head from 2013 to 2019. She joined Metrobank in 2010 to set up the Sales and Structuring Division of Treasury Group. Her experience outside Metrobank includes Head of Financial Markets Sales at Standard Chartered Manila and Southeast Asia Regional Structurer at Standard Chartered Singapore. A CFA Charterholder, Jikee obtained a BA in Management Economics from the Ateneo de Manila University and a Master of Science in International Business and Finance from the University of Reading, UK as a Chevening Scholar. Rommel Enrico C. Dionisio with the rank of Senior Vice President was appointed as Head of Treasury Group effective 1 January 2023. Mr. Dionisio has been Markets Sales Group Head since January 1, 2020. Previously, Rommel held various roles within the group: Head of Institutional Sales Division, Deputy Head of Sales and Structuring Division, and Head of Corporate Sales Department. He also had a 3-year stint in Corporate Banking Group as concurrent Division Head for Multinational Corporations and Financial Institutions. Prior to joining Metrobank in 2011, Rommel was Director, Financial Markets for Standard Chartered Bank Manila. Rommel earned a BS in Business Management from the Ateneo De Manila University and a Master in Business Management from the Asian Institute of Management. Ricardo Leon N. Pedrosa with the rank of Senior Vice President was appointed as Head of Institutional Sales effective 1 January 2023. Mr. Pedrosa is presently the concurrent head of Client Solutions Division and IDD-Metro Manila Division under Markets Sales Group. He has been with the bank for 10 years, having started as Corporate and Financial Institution Sales Department Head in Treasury Group. Before moving to Metrobank, he worked for various foreign banks including Credit Agricole, Credit Suisse, JP Morgan Chase and HSBC. Ric graduated from the London School of Economics with a Bachelor of Science in Economics. Christian D. San Juan with the rank of Senior Vice President was appointed as Head of Risk Management Group/Chief Risk Officer and Sustainability Officer effective 1 January 2023. Mr. San Juan has been the Head of Risk Management Group and Chief Risk Officer since February 1, 2021. He joined the Bank on July 1, 2017 as Deputy Head of Risk Management Group (RMG). He has been in the banking industry for over 25 years and has gained extensive experience in Risk Management. Prior to joining Metrobank, he has held individual and key leadership roles in the areas of Basel /Enterprise Risk Management, Credit, Market & Liquidity, and Operational Risk, and Remedial Management in RCBC (2010 - 2017); Export and Industry Bank (2006 - 2010); Security Bank (2000 - 2006); BPI former FEB (1997 - 2000). He graduated with a Bachelor's Degree in Economics from the Ateneo de Manila University.お知らせ • Dec 16Metropolitan Bank & Trust Company Announces Resignation of Ms. Marie Edgette Simonette C. Gamboa as SVP / Head, Strategic Planning DivisionMetropolitan Bank & Trust Company announced the resignation of Ms. Marie Edgette Simonette C. Gamboa as SVP /Head, Strategic Planning Division with effect from January 1, 2023.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Director Marcelo Fernando was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 06Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: ₱1.75 (up from ₱0.99 in 3Q 2021). Revenue: ₱25.3b (up 19% from 3Q 2021). Net income: ₱7.85b (up 77% from 3Q 2021). Profit margin: 31% (up from 21% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 6.3%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • Aug 30Upcoming dividend of ₱0.80 per shareEligible shareholders must have bought the stock before 06 September 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 5.6%. Within top quartile of Filipino dividend payers (5.2%). Higher than average of industry peers (2.5%).お知らせ • Aug 25Metropolitan Bank & Trust Company Announces Dividend, Payable on September 23, 2022The Board of Directors of Metropolitan Bank & Trust Company, in its regular meeting held 24 August 2022, passed a resolution for the fixing of 09 September 2022 as the Record Date and 23 September 2022 as Payment Date for the second payout of regular cash dividend of PHP 0.80, representing second half of the previously approved PHP 1.60 regular dividend last 23 February 2022.お知らせ • Aug 17Metropolitan Bank & Trust Company Appoints Aline A. Novilla as Senior Vice President / Deputy Head of Internal Audit GroupMetropolitan Bank & Trust Company announced the appointment of Ms. Aline A. Novilla with the rank of Senior Vice President as Deputy Head of Internal Audit Group effective 16 August 2022. Ms. Novilla started her career in Manabat San Agustin & Co. She joined KPMG (Hong Kong) and was seconded to the Financial Advisory Services team. She also served as Senior Manager for Isla Lipana & Co. Prior to joining Metrobank, she was the Chief Audit Executive and Head of Internal Audit Group of RCBC. She obtained her Bachelor of Science in Business Administration and Accountancy from University of the Philippines - Diliman and graduated Cum Laude. She is a Certified Public Accountant.Reported Earnings • Aug 03Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: ₱1.69 (up from ₱0.87 in 2Q 2021). Revenue: ₱25.6b (up 28% from 2Q 2021). Net income: ₱7.60b (up 95% from 2Q 2021). Profit margin: 30% (up from 20% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 8.1%. Over the next year, revenue is forecast to grow 19%, compared to a 25% growth forecast for the industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 8% per year and the company’s share price has also fallen by 8% per year.Recent Insider Transactions • Jun 21Non-Executive Chairman of the Board recently bought ₱756k worth of stockOn the 13th of June, Arthur Ty bought around 15k shares on-market at roughly ₱50.41 per share. This was the largest purchase by an insider in the last 3 months. This was Arthur's only on-market trade for the last 12 months.Reported Earnings • May 02First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: ₱1.78 (up from ₱1.73 in 1Q 2021). Revenue: ₱25.6b (up 4.5% from 1Q 2021). Net income: ₱7.99b (up 2.6% from 1Q 2021). Profit margin: 31% (in line with 1Q 2021). Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 23%, compared to a 21% growth forecast for the industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 8% per year.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Marcelo Fernando was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Mar 17Insider recently bought ₱1.3m worth of stockOn the 15th of March, Renato De Borja bought around 25k shares on-market at roughly ₱51.60 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱6.6m more in shares than they have sold in the last 12 months.Upcoming Dividend • Mar 07Upcoming dividend of ₱2.20 per shareEligible shareholders must have bought the stock before 14 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Filipino dividend payers (3.8%). In line with average of industry peers (1.7%).お知らせ • Feb 25+ 1 more updateMetropolitan Bank & Trust Company Approves Cash DividendMetropolitan Bank & Trust Company approved a new dividend policy of increasing the regular cash dividends from PHP 1.00 to PHP 1.60 per share for the year, payable on a semi-annual basis at PHP 0.80 per share.Recent Insider Transactions • Dec 11Insider recently bought ₱1.1m worth of stockOn the 7th of December, Angelica Reyes bought around 21k shares on-market at roughly ₱50.95 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱4.0m. Insiders have collectively bought ₱8.8m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Nov 20Insider recently bought ₱103k worth of stockOn the 18th of November, Ferlou Evangelista bought around 2k shares on-market at roughly ₱51.25 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱4.0m. Insiders have collectively bought ₱7.7m more in shares than they have sold in the last 12 months.Reported Earnings • Nov 06Third quarter 2021 earnings released: EPS ₱0.99 (vs ₱0.43 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₱21.4b (up 18% from 3Q 2020). Net income: ₱4.44b (up 131% from 3Q 2020). Profit margin: 21% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Recent Insider Transactions • Oct 16Independent Director recently sold ₱130k worth of stockOn the 14th of October, Angelica Lavares sold around 3k shares on-market at roughly ₱49.95 per share. In the last 3 months, there was an even bigger sale from another insider worth ₱690k. Despite this recent sale, insiders have collectively bought ₱24m more than they sold in the last 12 months.Recent Insider Transactions • Sep 25Head of Financial Market Sector recently bought ₱4.0m worth of stockOn the 23rd of September, Fernand Antonio Tansingco bought around 90k shares on-market at roughly ₱44.35 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱25m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Aug 17Insider recently bought ₱467k worth of stockOn the 12th of August, Bernardino Ramos bought around 10k shares on-market at roughly ₱46.65 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱22m more in shares than they have sold in the last 12 months.Reported Earnings • Aug 04Second quarter 2021 earnings released: EPS ₱0.87 (vs ₱0.67 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₱20.0b (down 1.5% from 2Q 2020). Net income: ₱3.91b (up 30% from 2Q 2020). Profit margin: 20% (up from 15% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 12% per year.Executive Departure • Jul 02Senior VP & Head of Credit Group Charlotte Bilongilot has left the companyOn the 1st of July, Charlotte Bilongilot's tenure as Senior VP & Head of Credit Group ended. We don't have any record of a personal shareholding under Charlotte's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 7.50 years.Major Estimate Revision • May 12Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from ₱6.85 to ₱5.67 per share. Revenue forecast steady at ₱109.1b. Net income forecast to grow 71% next year vs 9.6% growth forecast for Banks industry in Philippines. Consensus price target broadly unchanged at ₱58.60. Share price fell 2.6% to ₱43.60 over the past week.Reported Earnings • May 04First quarter 2021 earnings released: EPS ₱1.73 (vs ₱1.36 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₱24.5b (up 8.3% from 1Q 2020). Net income: ₱7.78b (up 27% from 1Q 2020). Profit margin: 32% (up from 27% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 15% per year.Executive Departure • May 04Independent Director has left the companyOn the 29th of April, Jesli Lapus' tenure as Independent Director ended after 10.8 years in the role. As of December 2020, Jesli personally held only 28.42k shares (₱1.4m worth at the time). A total of 7 executives have left over the last 12 months.Reported Earnings • Mar 19Full year 2020 earnings released: EPS ₱3.08 (vs ₱6.24 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱80.5b (down 16% from FY 2019). Net income: ₱13.8b (down 51% from FY 2019). Profit margin: 17% (down from 29% in FY 2019). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.98% (up from 3.84% in FY 2019). Cost-to-income ratio: 49.6% (down from 54.6% in FY 2019). Non-performing loans: 2.36% (up from 1.28% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.Recent Insider Transactions • Feb 25Insider recently bought ₱502k worth of stockOn the 23rd of February, Fernand Antonio Tansingco bought around 10k shares on-market at roughly ₱50.20 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱24m more in shares than they have sold in the last 12 months.Executive Departure • Feb 03Head of Human Resources Management Group & Executive VP has left the companyOn the 1st of February, Vivian Lee-Tiu's tenure in the role of Head of Human Resources Management Group & Executive VP ended. We don't have any record of a personal shareholding under Vivian's name. A total of 6 executives have left over the last 12 months.Executive Departure • Feb 03Chief Risk Officer, Head of Risk Management Group & Executive VP has left the companyOn the 1st of February, Maritess Antonio's tenure as Chief Risk Officer, Head of Risk Management Group & Executive VP ended after 12.6 years in the role. We don't have any record of a personal shareholding under Maritess' name. A total of 6 executives have left over the last 12 months.お知らせ • Jan 22Metropolitan Bank & Trust Company Announces Management Changes, Effective February 1, 2021Metropolitan Bank & Trust Company announced retirement of Maritess B. Antonio as Head, Risk Management Group/Chief Risk Officer and the appointment of Christian D. San Juan as Head, Risk Management Group/Chief Risk Officer, effective from February 1, 2021.お知らせ • Jan 20Metropolitan Bank & Trust Company, Annual General Meeting, Apr 28, 2021Metropolitan Bank & Trust Company, Annual General Meeting, Apr 28, 2021, at 14:00 China Standard Time.お知らせ • Jan 12Metropolitan Bank & Trust Company Announces Management ChangesMetropolitan Bank & Trust Company announced the retirement of Vivian L. Tiu as EVP/Head, Human Resources Management Group effective February 1, 2021. The company also announced the change in designation of Homer Gerrard L. Ortega from SVP/Deputy Head, Human Resources Management Group to SVP/Head, Human Resources Management Group effective February 1, 2021.株主還元MBTPH BanksPH 市場7D2.1%1.9%1.4%1Y-8.8%-10.4%-0.5%株主還元を見る業界別リターン: MBT過去 1 年間で-10.4 % の収益を上げたPH Banks業界を上回りました。リターン対市場: MBTは、過去 1 年間で-0.5 % のリターンを上げたPH市場を下回りました。価格変動Is MBT's price volatile compared to industry and market?MBT volatilityMBT Average Weekly Movement3.5%Banks Industry Average Movement3.9%Market Average Movement5.1%10% most volatile stocks in PH Market10.2%10% least volatile stocks in PH Market2.6%安定した株価: MBT 、 PH市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: MBTの 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト196216,080Fabian Deewww.metrobank.com.phメトロポリタン・バンク＆トラスト・カンパニーは、その子会社とともに、フィリピン、その他のアジア、米国、欧州において、様々な商業銀行および投資銀行向け商品・サービスを提供している。消費者金融部門、法人金融部門、投資銀行部門、財務部門、支店金融部門、その他部門を通じて事業を展開している。コンシューマー・バンキング部門は、消費者向けローンを提供し、消費者向けビジネスの発掘と創出をサポートしている。コーポレート・バンキング部門は、法人および機関投資家向けに、ローンおよびその他の信用供与、預金および当座預金口座の提供を行っている。インベストメント・バンキング部門は、ストラクチャード・ファイナンス、株式非公開化、新規株式公開、M&Aに関するサービス、および個人・機関投資家向けアドバイザリー・サービスを提供している。トレジャリー部門は、マネー・マーケット、トレーディング、トレジャリー商品およびサービスを提供している。ブランチ・バンキング部門は、支店預金を取り扱うほか、国内の中間市場顧客向けにローンおよびその他のローン関連商品を提供している。その他部門は、送金、リース、口座融資、その他サポート・サービスを提供している。また、貿易金融、クレジットカード、プログラム・施設、オンライン・モバイルバンキング、キャッシュマネジメント、国内・海外資金移動、送金、機関投資家向け資金管理、プライベートバンキング、担保、信託サービス、債券・株式引受、ローンシンジケーション、プロジェクトファイナンス、ファイナンシャルアドバイザリー、株式仲介、オンライントレーディング、リサーチ、デットファイナンスサービス、現金自動預け払い機、貯蓄・モーゲージバンキング、外国為替、送金・両替、保険・再保険仲介、一般・特別管理サービスを提供している。メトロポリタン・バンク＆トラスト・カンパニーは1962年に設立され、フィリピンのマカティ市に本社を置く。もっと見るMetropolitan Bank & Trust Company 基礎のまとめMetropolitan Bank & Trust の収益と売上を時価総額と比較するとどうか。MBT 基礎統計学時価総額₱299.08b収益（TTM）₱50.07b売上高(TTM)₱146.94b6.0xPER（株価収益率0.8xPBR（株価純資産倍率MBT は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計MBT 損益計算書（TTM）収益₱146.94b売上原価₱775.00m売上総利益₱146.16bその他の費用₱96.09b収益₱50.07b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）11.13グロス・マージン99.47%純利益率34.08%有利子負債／自己資本比率142.7%MBT の長期的なパフォーマンスは？過去の実績と比較を見る配当金7.5%現在の配当利回り27%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/17 19:30終値2026/07/17 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Metropolitan Bank & Trust Company 9 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。16 アナリスト機関Kevin KwekBernsteinJulian Vincent RoxasBofA Global ResearchEunice DolatreCGS International13 その他のアナリストを表示
Recent Insider Transactions • Jun 11Insider recently bought ₱499k worth of stockOn the 8th of June, Ramon Jaime Lardizabal Del Rosario bought around 8k shares on-market at roughly ₱64.00 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth ₱506k. Insiders have collectively bought ₱3.4m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • May 21Insider recently bought ₱506k worth of stockOn the 18th of May, Angelica Reyes bought around 8k shares on-market at roughly ₱65.20 per share. This transaction amounted to 71% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱2.9m more in shares than they have sold in the last 12 months.
Reported Earnings • May 06First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: ₱2.80 (up from ₱2.73 in 1Q 2025). Revenue: ₱37.1b (up 4.7% from 1Q 2025). Net income: ₱12.6b (up 2.9% from 1Q 2025). Profit margin: 34% (in line with 1Q 2025). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 23Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: ₱11.06 (up from ₱10.71 in FY 2024). Revenue: ₱145.3b (up 5.9% from FY 2024). Net income: ₱49.7b (up 3.3% from FY 2024). Profit margin: 34% (in line with FY 2024). Net interest margin (NIM): 3.64% (down from 3.77% in FY 2024). Cost-to-income ratio: 50.7% (down from 53.8% in FY 2024). Non-performing loans: 1.68% (up from 1.40% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year.
Declared Dividend • Feb 21Dividend of ₱3.50 announcedDividend of ₱3.50 is the same as last year. Ex-date: 6th March 2026 Payment date: 26th March 2026 Dividend yield will be 6.6%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (27% payout ratio) and is expected to be well covered in 3 years' time (37% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Recent Insider Transactions • Jan 31Head of Financial Market Sector recently bought ₱1.8m worth of stockOn the 29th of January, Fernand Antonio Tansingco bought around 25k shares on-market at roughly ₱70.20 per share. This transaction amounted to 9.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱3.3m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Jun 11Insider recently bought ₱499k worth of stockOn the 8th of June, Ramon Jaime Lardizabal Del Rosario bought around 8k shares on-market at roughly ₱64.00 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth ₱506k. Insiders have collectively bought ₱3.4m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • May 21Insider recently bought ₱506k worth of stockOn the 18th of May, Angelica Reyes bought around 8k shares on-market at roughly ₱65.20 per share. This transaction amounted to 71% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱2.9m more in shares than they have sold in the last 12 months.
Reported Earnings • May 06First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: ₱2.80 (up from ₱2.73 in 1Q 2025). Revenue: ₱37.1b (up 4.7% from 1Q 2025). Net income: ₱12.6b (up 2.9% from 1Q 2025). Profit margin: 34% (in line with 1Q 2025). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 23Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: ₱11.06 (up from ₱10.71 in FY 2024). Revenue: ₱145.3b (up 5.9% from FY 2024). Net income: ₱49.7b (up 3.3% from FY 2024). Profit margin: 34% (in line with FY 2024). Net interest margin (NIM): 3.64% (down from 3.77% in FY 2024). Cost-to-income ratio: 50.7% (down from 53.8% in FY 2024). Non-performing loans: 1.68% (up from 1.40% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year.
Declared Dividend • Feb 21Dividend of ₱3.50 announcedDividend of ₱3.50 is the same as last year. Ex-date: 6th March 2026 Payment date: 26th March 2026 Dividend yield will be 6.6%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (27% payout ratio) and is expected to be well covered in 3 years' time (37% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Recent Insider Transactions • Jan 31Head of Financial Market Sector recently bought ₱1.8m worth of stockOn the 29th of January, Fernand Antonio Tansingco bought around 25k shares on-market at roughly ₱70.20 per share. This transaction amounted to 9.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱3.3m more in shares than they have sold in the last 12 months.
お知らせ • Jan 15Metropolitan Bank & Trust Company, Annual General Meeting, Apr 22, 2026Metropolitan Bank & Trust Company, Annual General Meeting, Apr 22, 2026, at 14:00 W. Australia Standard Time.
Buy Or Sell Opportunity • Nov 07Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.0% to ₱66.00. The fair value is estimated to be ₱83.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.
Reported Earnings • Nov 05Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ₱2.76 (up from ₱2.70 in 3Q 2024). Revenue: ₱36.8b (down 1.5% from 3Q 2024). Net income: ₱12.4b (up 2.5% from 3Q 2024). Profit margin: 34% (up from 33% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.9%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Sep 22Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.4% to ₱70.00. The fair value is estimated to be ₱88.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.
Recent Insider Transactions • Sep 12Head of Financial Market Sector recently bought ₱370k worth of stockOn the 10th of September, Fernand Antonio Tansingco bought around 5k shares on-market at roughly ₱68.50 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱884k more in shares than they have sold in the last 12 months.
Buy Or Sell Opportunity • Sep 05Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.3% to ₱69.50. The fair value is estimated to be ₱88.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.
Declared Dividend • Aug 26First half dividend of ₱1.50 announcedDividend of ₱1.50 is the same as last year. Ex-date: 5th September 2025 Payment date: 23rd September 2025 Dividend yield will be 7.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (27% payout ratio) and is expected to be well covered in 3 years' time (33% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 22Metropolitan Bank & Trust Company Announces Second Payout of Regular Cash Dividend, Payable on 23 September 2025The Board of Directors of Metropolitan Bank & Trust Company, in its regular meeting held on 20 August 2025, through its President, passed a resolution for the fixing of 08 September 2025 as the Record Date and 23 September 2025 as Payment Date for the second payout of regular cash dividend of PHP 1.50, representing second half of the previously approved PHP 3.00 regular dividend last 19 February 2025.
Reported Earnings • Aug 02Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ₱2.80 (up from ₱2.58 in 2Q 2024). Revenue: ₱36.3b (up 6.0% from 2Q 2024). Net income: ₱12.6b (up 8.5% from 2Q 2024). Profit margin: 35% (in line with 2Q 2024). Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.2%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 15% per year.
お知らせ • Jun 26Metropolitan Bank & Trust Company Announces Executive ChangesMetropolitan Bank & Trust Company announced the appointment of Mr. Renato K. De Borja, Jr. with the rank of Executive Vice President as Head of Financial & Control Sector effective 1 July 2025 to replace Mr. Joshua E. Naing whose fixed term engagement will end on 1 July 2025. Mr. De Borja has been with the Bank for more than 4 years as the Bank's Financial Control Deputy Sector Head and Controller. He brings 32 years of solid experience performing various roles in financial accounting & control, business finance & analytics, legal & compliance, admin services, consumer banking, remittance marketing and customer contact center operations with various banks and financial institutions.
Buy Or Sell Opportunity • May 30Now 23% undervaluedOver the last 90 days, the stock has risen 2.7% to ₱73.55. The fair value is estimated to be ₱95.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 17% in the next 2 years.
Buy Or Sell Opportunity • May 15Now 21% undervaluedOver the last 90 days, the stock has risen 7.4% to ₱78.00. The fair value is estimated to be ₱99.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.
Reported Earnings • May 01First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ₱2.73 (up from ₱2.67 in 1Q 2024). Revenue: ₱35.4b (up 2.1% from 1Q 2024). Net income: ₱12.3b (up 2.1% from 1Q 2024). Profit margin: 35% (in line with 1Q 2024). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 7.0%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Apr 11Head of Financial Market Sector recently bought ₱840k worth of stockOn the 4th of April, Fernand Antonio Tansingco bought around 12k shares on-market at roughly ₱73.05 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱3.4m more in shares than they have sold in the last 12 months.
お知らせ • Mar 20Metropolitan Bank & Trust Company Hires Adhunik Chug as Deputy Head of Information Technology Group, Effective May 16, 2025The Board of Directors of Metropolitan Bank & Trust Company at its Regular Meeting held on March 19, 2025 approved the hiring of Mr. Adhunik Chug, with the rank of Senior Vice President as Deputy Head of Information Technology Group. Adhunik is a seasoned technology leader with extensive experience in APAC and global leadership roles across Big Tech and financial services. With expertise in enterprise solutions, cloud services, and Agile methodologies, Adhunik excels in building high-performing teams, driving digital transformation, and leading strategic initiatives that enhance business capabilities. Effective Date of Appointment is May 16, 2025.
お知らせ • Mar 14Metropolitan Bank & Trust Company, Annual General Meeting, Apr 23, 2025Metropolitan Bank & Trust Company, Annual General Meeting, Apr 23, 2025, at 14:00 W. Australia Standard Time. Location: via cisco webex, Philippines
Buy Or Sell Opportunity • Feb 25Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.8% to ₱72.50. The fair value is estimated to be ₱91.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 3.0% per annum over the same time period.
Declared Dividend • Feb 24Final dividend of ₱3.50 announcedShareholders will receive a dividend of ₱3.50. Ex-date: 5th March 2025 Payment date: 28th March 2025 Dividend yield will be 6.7%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (41% payout ratio) and is expected to be well covered in 3 years' time (28% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 23Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: ₱7.29. Revenue: ₱137.7b (up 10% from FY 2023). Net income: ₱48.1b (up 14% from FY 2023). Profit margin: 35% (up from 34% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Banks industry in Philippines.
お知らせ • Jan 27Metropolitan Bank & Trust Company Announces Executive RetirementsMetropolitan Bank & Trust Company announced that the retirement of Homer Gerrard L. Ortega as Head of Human Resources Management Group and the appointment of Karen Salve L. Angeles as Head of Human Resources Management Group. Ms. Angeles has been the Deputy Head of Human Resources Management Group since her hiring date in October 16, 2024. Prior to joining Metrobank, she was with Citibank for nine years where she held multiple Senior HR Generalist and Advisory roles, supporting different businesses at a country, regional and global level. She was the HR Site Head and Advisor for Citibank N.A. PH and Citibank Regional Operating Headquarters PH and she's also had various experiences in managing huge organizational changes and transformation initiatives. Prior to Citibank, she was with BDO Unibank and HSBC. Ms. Angeles graduated cum laude from the University of Santo Tomas, and since then has pursued her continuing professional development, including an MBA from Ateneo De Manila, and a Certificate course in HR Advisory from eCornell School of Industrial and Labor Relations.
Reported Earnings • Oct 29Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: ₱2.70 (up from ₱2.42 in 3Q 2023). Revenue: ₱37.3b (up 15% from 3Q 2023). Net income: ₱12.1b (up 11% from 3Q 2023). Profit margin: 33% (down from 34% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Oct 22Now 21% undervaluedOver the last 90 days, the stock has risen 15% to ₱79.00. The fair value is estimated to be ₱100, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 15% in the next 2 years.
Recent Insider Transactions • Oct 19Insider recently sold ₱813k worth of stockOn the 17th of October, Angelica Reyes sold around 10k shares on-market at roughly ₱81.25 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₱2.5m more than they sold in the last 12 months.
Recent Insider Transactions • Oct 05Head of Financial Market Sector recently bought ₱487k worth of stockOn the 3rd of October, Fernand Antonio Tansingco bought around 6k shares on-market at roughly ₱81.10 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱3.3m more in shares than they have sold in the last 12 months.
Buy Or Sell Opportunity • Sep 30Now 21% undervaluedOver the last 90 days, the stock has risen 21% to ₱78.60. The fair value is estimated to be ₱99.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.
Declared Dividend • Aug 23First half dividend of ₱1.50 announcedShareholders will receive a dividend of ₱1.50. Ex-date: 4th September 2024 Payment date: 20th September 2024 Dividend yield will be 6.7%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (30% payout ratio) and is expected to be well covered in 3 years' time (38% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 21+ 1 more updateMetropolitan Bank & Trust Company Hires Karen Salve Lee Angeles, with the Rank of Senior Vice President as Deputy Head of Human Resource Management GroupThe Board of Directors of Metropolitan Bank & Trust Company at its Regular Meeting held on August 20, 2024, approved the hiring of Ms. Karen Salve Lee Angeles, with the rank of Senior Vice President as Deputy Head of Human Resource Management Group. Karen brings with her over 20 years of solid experience in Human Resources spanning multiple HR facets, such as, but not limited to, HR Business Partnership and Strategic Advisory, Employee Relations and Engagement, Talent Management and Compensation. She has been with Citi since 2015 and has held various roles including HR Generalist for different businesses, HR Site Head and Advisor for Citibank N.A. PH and Citibank Regional Operating Headquarters, Regional HR Advisor for Enterprise Operations for Asia Pacific, and most recently, Global HR Advisor for Finance. As an HR leader, she's also had various experiences in managing huge organizational changes and transformation initiatives. Prior to joining Citi, she was with BDO Unibank and HSBC, where she built up her experience around HR Specialist areas, notably job evaluation, employee relations and engagement as well as HR policies. Karen graduated cum laude from the University of Santo Tomas, and since then has pursued her continuing professional development, including an MBA from Ateneo Graduate School of Business and a certificate course in HR Advisory from eCornell School of Industrial and Labor Relations.
Reported Earnings • Aug 02Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: ₱2.58 (up from ₱2.32 in 2Q 2023). Revenue: ₱34.2b (up 13% from 2Q 2023). Net income: ₱11.6b (up 11% from 2Q 2023). Profit margin: 34% (in line with 2Q 2023). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 3.7%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Jul 16Now 20% undervaluedOver the last 90 days, the stock has risen 2.3% to ₱67.50. The fair value is estimated to be ₱84.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.
Buy Or Sell Opportunity • Jun 25Now 21% undervaluedOver the last 90 days, the stock has risen 2.4% to ₱66.70. The fair value is estimated to be ₱84.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.
Buy Or Sell Opportunity • May 30Now 21% undervaluedOver the last 90 days, the stock has risen 6.7% to ₱65.05. The fair value is estimated to be ₱82.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 13% in the next 2 years.
お知らせ • May 18Metropolitan Bank & Trust Company Announces Retirement of Leandro Antonio Gianzon Santillan as Senior Vice President/Deputy Head, Effective June 01, 2024Metropolitan Bank & Trust Company announced retirement of Mr. Leandro Antonio Gianzon Santillan as SVP/Deputy Head, Financial Markets Sector, Effective June 01, 2024.
Reported Earnings • May 02First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: ₱2.67 (up from ₱2.33 in 1Q 2023). Revenue: ₱34.7b (up 13% from 1Q 2023). Net income: ₱12.0b (up 14% from 1Q 2023). Profit margin: 35% (in line with 1Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 4.4%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Apr 16Now 20% undervaluedOver the last 90 days, the stock has risen 16% to ₱64.30. The fair value is estimated to be ₱80.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.
Upcoming Dividend • Feb 29Upcoming dividend of ₱3.50 per shareEligible shareholders must have bought the stock before 07 March 2024. Payment date: 25 March 2024. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 8.1%. Within top quartile of Filipino dividend payers (5.6%). Higher than average of industry peers (3.4%).
お知らせ • Feb 29Metropolitan Bank & Trust Company Announces Retirement of Lita Salonga Tan as SVP/Deputy Head, Branch Banking Sector, Effective March 1, 2024Metropolitan Bank & Trust Company announced retirement of Ms. Lita Salonga Tan as SVP/Deputy Head, Branch Banking Sector, effective March 1, 2024.
Reported Earnings • Feb 28Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: ₱9.40 (up from ₱7.29 in FY 2022). Revenue: ₱125.0b (up 20% from FY 2022). Net income: ₱42.2b (up 29% from FY 2022). Profit margin: 34% (up from 31% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.90% (up from 3.56% in FY 2022). Cost-to-income ratio: 52.1% (down from 54.3% in FY 2022). Non-performing loans: 1.72% (down from 1.86% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Feb 24Dividend increased to ₱3.50Dividend of ₱3.50 is 59% higher than last year. Ex-date: 7th March 2024 Payment date: 25th March 2024 Dividend yield will be 7.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (17% payout ratio) and is expected to be well covered in 3 years' time (26% forecast payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 22+ 1 more updateMetropolitan Bank & Trust Company Approves Special Cash Dividend, Payable on March 25, 2024Metropolitan Bank & Trust Company approved special cash dividend of PHP 2.00 per share. Record Date: March 8, 2024. Payment Date: March 25, 2024..
Buy Or Sell Opportunity • Jan 25Now 21% undervaluedOver the last 90 days, the stock has risen 11% to ₱57.50. The fair value is estimated to be ₱72.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.
お知らせ • Jan 22Metropolitan Bank & Trust Company Announces the Resignation of David Peter Buckley Holmes as SVP/Head, Branch Operations Support Group, Effective February 11, 2024Metropolitan Bank & Trust Company announced the resignation of Mr. David Peter Buckley Holmes as SVP/Head, Branch Operations Support Group. Effective Date of Resignation: February 11, 2024. Reason(s) for Resignation: Personal reasons.
お知らせ • Jan 18Metropolitan Bank & Trust Company, Annual General Meeting, Apr 24, 2024Metropolitan Bank & Trust Company, Annual General Meeting, Apr 24, 2024, at 14:00 Singapore Standard Time.
お知らせ • Dec 27Metropolitan Bank & Trust Company Announces Demise of Richard Benedict Sha So, Executive Vice President, and Head of Products, Channels and Overseas Banking GroupMetropolitan Bank & Trust Company announced that Richard Benedict Sha So with the rank of Executive Vice President, and Head of Products, Channels and Overseas Banking Group passed away on December 25, 2023.
Reported Earnings • Oct 29Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: ₱2.42 (up from ₱1.75 in 3Q 2022). Revenue: ₱32.4b (up 28% from 3Q 2022). Net income: ₱10.9b (up 39% from 3Q 2022). Profit margin: 34% (up from 31% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Oct 05Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.4%. The fair value is estimated to be ₱67.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.
Buying Opportunity • Sep 15Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 1.1%. The fair value is estimated to be ₱67.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.
Upcoming Dividend • Aug 31Upcoming dividend of ₱0.80 per share at 5.5% yieldEligible shareholders must have bought the stock before 07 September 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 5.5%. Lower than top quartile of Filipino dividend payers (5.6%). Higher than average of industry peers (3.3%).
お知らせ • Aug 24Metropolitan Bank & Trust Company Announces Regular Cash Dividend, Payable on 22 September 2023The Board of Directors of Metropolitan Bank & Trust Company, in its regular meeting held on 23 August 2023, passed resolution for the fixing of 08 September 2023 as the Record Date and 22 September 2023 as Payment Date for the second payout of regular cash dividend of PHP 0.80, representing second half of the previously approved PHP 1.60 regular dividend last 22 February 2023.
Buying Opportunity • Aug 23Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 7.6%. The fair value is estimated to be ₱68.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.
Reported Earnings • Aug 03Second quarter 2023 earnings: EPS in line with expectations, revenues disappointSecond quarter 2023 results: EPS: ₱2.32 (up from ₱1.69 in 2Q 2022). Revenue: ₱30.4b (up 19% from 2Q 2022). Net income: ₱10.4b (up 37% from 2Q 2022). Profit margin: 34% (up from 30% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Jun 02Head of Financial Market Sector recently bought ₱2.8m worth of stockOn the 31st of May, Fernand Antonio Tansingco bought around 50k shares on-market at roughly ₱56.50 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱3.5m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • May 21Non-Executive Chairman of the Board recently bought ₱2.7m worth of stockOn the 12th of May, Arthur Ty bought around 45k shares on-market at roughly ₱60.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Arthur has been a buyer over the last 12 months, purchasing a net total of ₱1.7m worth in shares.
お知らせ • May 18Metropolitan Bank & Trust Company Announces Resignation of Ricardo D. Peña as SVP/Head, Strategic Support and Transformation Division, Effective May 27, 2023Metropolitan Bank & Trust Company announced the resignation of Mr. Ricardo D. Peña as SVP/Head, Strategic Support and Transformation Division. Effective date is May 27, 2023.
お知らせ • May 16Metropolitan Bank & Trust Company Announces Management ChangesMetropolitan Bank & Trust Company announced the retirement of Mr. Paul Robert Y. Murga as Head, Operations Group and the appointment of Mr. Jose Antonio O. Vasco as Head, Operations Group. Mr. Vasco has been the Deputy Head of Operations Group since February 16, 2021. Prior to this, he was the Vice President, Deputy Head of Treasury Operations Support Division. He also held roles in Global Business Services at Deutsche Knowledge Services and Global Markets Operations at Standard Chartered Bank. He obtained his Bachelor of Science, Major in Business Management, at the De La Salle University-Manila. The retirement of Paul Robert Y. Murga is effective May 16, 2023. The appointment of Jose Antonio O. Vasco is effective May 16, 2023.
Reported Earnings • May 06First quarter 2023 earnings: EPS in line with analyst expectations despite revenue beatFirst quarter 2023 results: EPS: ₱2.33 (up from ₱1.78 in 1Q 2022). Revenue: ₱30.6b (up 20% from 1Q 2022). Net income: ₱10.5b (up 31% from 1Q 2022). Profit margin: 34% (up from 31% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 18% per year and the company’s share price has also increased by 18% per year.
Recent Insider Transactions • Apr 29President & Executive Director recently sold ₱1.8m worth of stockOn the 24th of April, Fabian Dee sold around 31k shares on-market at roughly ₱58.12 per share. This transaction amounted to 98% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Fabian's only on-market trade for the last 12 months.
Upcoming Dividend • Mar 07Upcoming dividend of ₱2.20 per share at 5.0% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 31 March 2023. Trailing yield: 5.0%. Lower than top quartile of Filipino dividend payers (5.4%). Higher than average of industry peers (2.3%).
Reported Earnings • Mar 03Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: ₱7.29 (up from ₱4.93 in FY 2021). Revenue: ₱104.9b (up 18% from FY 2021). Net income: ₱32.8b (up 48% from FY 2021). Profit margin: 31% (up from 25% in FY 2021). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.56% (up from 3.39% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.2%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year.
お知らせ • Jan 26Metropolitan Bank & Trust Company, Annual General Meeting, Apr 26, 2023Metropolitan Bank & Trust Company, Annual General Meeting, Apr 26, 2023, at 14:00 Singapore Standard Time.
お知らせ • Dec 29Metropolitan Bank & Trust Company Announces Executive ChangesMetropolitan Bank & Trust Company announced the appointment of Officers. Angelica S. Reyes with the rank of Senior Vice President was appointed as Deputy Head of Trust Banking Group effective 1 January 2023. Ms. Reyes has been at the helm of Treasury Group from January 1, 2020 to present. Previously, she was Markets Sales Group Head from 2013 to 2019. She joined Metrobank in 2010 to set up the Sales and Structuring Division of Treasury Group. Her experience outside Metrobank includes Head of Financial Markets Sales at Standard Chartered Manila and Southeast Asia Regional Structurer at Standard Chartered Singapore. A CFA Charterholder, Jikee obtained a BA in Management Economics from the Ateneo de Manila University and a Master of Science in International Business and Finance from the University of Reading, UK as a Chevening Scholar. Rommel Enrico C. Dionisio with the rank of Senior Vice President was appointed as Head of Treasury Group effective 1 January 2023. Mr. Dionisio has been Markets Sales Group Head since January 1, 2020. Previously, Rommel held various roles within the group: Head of Institutional Sales Division, Deputy Head of Sales and Structuring Division, and Head of Corporate Sales Department. He also had a 3-year stint in Corporate Banking Group as concurrent Division Head for Multinational Corporations and Financial Institutions. Prior to joining Metrobank in 2011, Rommel was Director, Financial Markets for Standard Chartered Bank Manila. Rommel earned a BS in Business Management from the Ateneo De Manila University and a Master in Business Management from the Asian Institute of Management. Ricardo Leon N. Pedrosa with the rank of Senior Vice President was appointed as Head of Institutional Sales effective 1 January 2023. Mr. Pedrosa is presently the concurrent head of Client Solutions Division and IDD-Metro Manila Division under Markets Sales Group. He has been with the bank for 10 years, having started as Corporate and Financial Institution Sales Department Head in Treasury Group. Before moving to Metrobank, he worked for various foreign banks including Credit Agricole, Credit Suisse, JP Morgan Chase and HSBC. Ric graduated from the London School of Economics with a Bachelor of Science in Economics. Christian D. San Juan with the rank of Senior Vice President was appointed as Head of Risk Management Group/Chief Risk Officer and Sustainability Officer effective 1 January 2023. Mr. San Juan has been the Head of Risk Management Group and Chief Risk Officer since February 1, 2021. He joined the Bank on July 1, 2017 as Deputy Head of Risk Management Group (RMG). He has been in the banking industry for over 25 years and has gained extensive experience in Risk Management. Prior to joining Metrobank, he has held individual and key leadership roles in the areas of Basel /Enterprise Risk Management, Credit, Market & Liquidity, and Operational Risk, and Remedial Management in RCBC (2010 - 2017); Export and Industry Bank (2006 - 2010); Security Bank (2000 - 2006); BPI former FEB (1997 - 2000). He graduated with a Bachelor's Degree in Economics from the Ateneo de Manila University.
お知らせ • Dec 16Metropolitan Bank & Trust Company Announces Resignation of Ms. Marie Edgette Simonette C. Gamboa as SVP / Head, Strategic Planning DivisionMetropolitan Bank & Trust Company announced the resignation of Ms. Marie Edgette Simonette C. Gamboa as SVP /Head, Strategic Planning Division with effect from January 1, 2023.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Director Marcelo Fernando was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 06Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: ₱1.75 (up from ₱0.99 in 3Q 2021). Revenue: ₱25.3b (up 19% from 3Q 2021). Net income: ₱7.85b (up 77% from 3Q 2021). Profit margin: 31% (up from 21% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 6.3%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • Aug 30Upcoming dividend of ₱0.80 per shareEligible shareholders must have bought the stock before 06 September 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 5.6%. Within top quartile of Filipino dividend payers (5.2%). Higher than average of industry peers (2.5%).
お知らせ • Aug 25Metropolitan Bank & Trust Company Announces Dividend, Payable on September 23, 2022The Board of Directors of Metropolitan Bank & Trust Company, in its regular meeting held 24 August 2022, passed a resolution for the fixing of 09 September 2022 as the Record Date and 23 September 2022 as Payment Date for the second payout of regular cash dividend of PHP 0.80, representing second half of the previously approved PHP 1.60 regular dividend last 23 February 2022.
お知らせ • Aug 17Metropolitan Bank & Trust Company Appoints Aline A. Novilla as Senior Vice President / Deputy Head of Internal Audit GroupMetropolitan Bank & Trust Company announced the appointment of Ms. Aline A. Novilla with the rank of Senior Vice President as Deputy Head of Internal Audit Group effective 16 August 2022. Ms. Novilla started her career in Manabat San Agustin & Co. She joined KPMG (Hong Kong) and was seconded to the Financial Advisory Services team. She also served as Senior Manager for Isla Lipana & Co. Prior to joining Metrobank, she was the Chief Audit Executive and Head of Internal Audit Group of RCBC. She obtained her Bachelor of Science in Business Administration and Accountancy from University of the Philippines - Diliman and graduated Cum Laude. She is a Certified Public Accountant.
Reported Earnings • Aug 03Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: ₱1.69 (up from ₱0.87 in 2Q 2021). Revenue: ₱25.6b (up 28% from 2Q 2021). Net income: ₱7.60b (up 95% from 2Q 2021). Profit margin: 30% (up from 20% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 8.1%. Over the next year, revenue is forecast to grow 19%, compared to a 25% growth forecast for the industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 8% per year and the company’s share price has also fallen by 8% per year.
Recent Insider Transactions • Jun 21Non-Executive Chairman of the Board recently bought ₱756k worth of stockOn the 13th of June, Arthur Ty bought around 15k shares on-market at roughly ₱50.41 per share. This was the largest purchase by an insider in the last 3 months. This was Arthur's only on-market trade for the last 12 months.
Reported Earnings • May 02First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: ₱1.78 (up from ₱1.73 in 1Q 2021). Revenue: ₱25.6b (up 4.5% from 1Q 2021). Net income: ₱7.99b (up 2.6% from 1Q 2021). Profit margin: 31% (in line with 1Q 2021). Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 23%, compared to a 21% growth forecast for the industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 8% per year.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Marcelo Fernando was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Mar 17Insider recently bought ₱1.3m worth of stockOn the 15th of March, Renato De Borja bought around 25k shares on-market at roughly ₱51.60 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱6.6m more in shares than they have sold in the last 12 months.
Upcoming Dividend • Mar 07Upcoming dividend of ₱2.20 per shareEligible shareholders must have bought the stock before 14 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Filipino dividend payers (3.8%). In line with average of industry peers (1.7%).
お知らせ • Feb 25+ 1 more updateMetropolitan Bank & Trust Company Approves Cash DividendMetropolitan Bank & Trust Company approved a new dividend policy of increasing the regular cash dividends from PHP 1.00 to PHP 1.60 per share for the year, payable on a semi-annual basis at PHP 0.80 per share.
Recent Insider Transactions • Dec 11Insider recently bought ₱1.1m worth of stockOn the 7th of December, Angelica Reyes bought around 21k shares on-market at roughly ₱50.95 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱4.0m. Insiders have collectively bought ₱8.8m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Nov 20Insider recently bought ₱103k worth of stockOn the 18th of November, Ferlou Evangelista bought around 2k shares on-market at roughly ₱51.25 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱4.0m. Insiders have collectively bought ₱7.7m more in shares than they have sold in the last 12 months.
Reported Earnings • Nov 06Third quarter 2021 earnings released: EPS ₱0.99 (vs ₱0.43 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₱21.4b (up 18% from 3Q 2020). Net income: ₱4.44b (up 131% from 3Q 2020). Profit margin: 21% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Recent Insider Transactions • Oct 16Independent Director recently sold ₱130k worth of stockOn the 14th of October, Angelica Lavares sold around 3k shares on-market at roughly ₱49.95 per share. In the last 3 months, there was an even bigger sale from another insider worth ₱690k. Despite this recent sale, insiders have collectively bought ₱24m more than they sold in the last 12 months.
Recent Insider Transactions • Sep 25Head of Financial Market Sector recently bought ₱4.0m worth of stockOn the 23rd of September, Fernand Antonio Tansingco bought around 90k shares on-market at roughly ₱44.35 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱25m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Aug 17Insider recently bought ₱467k worth of stockOn the 12th of August, Bernardino Ramos bought around 10k shares on-market at roughly ₱46.65 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱22m more in shares than they have sold in the last 12 months.
Reported Earnings • Aug 04Second quarter 2021 earnings released: EPS ₱0.87 (vs ₱0.67 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₱20.0b (down 1.5% from 2Q 2020). Net income: ₱3.91b (up 30% from 2Q 2020). Profit margin: 20% (up from 15% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 12% per year.
Executive Departure • Jul 02Senior VP & Head of Credit Group Charlotte Bilongilot has left the companyOn the 1st of July, Charlotte Bilongilot's tenure as Senior VP & Head of Credit Group ended. We don't have any record of a personal shareholding under Charlotte's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 7.50 years.
Major Estimate Revision • May 12Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from ₱6.85 to ₱5.67 per share. Revenue forecast steady at ₱109.1b. Net income forecast to grow 71% next year vs 9.6% growth forecast for Banks industry in Philippines. Consensus price target broadly unchanged at ₱58.60. Share price fell 2.6% to ₱43.60 over the past week.
Reported Earnings • May 04First quarter 2021 earnings released: EPS ₱1.73 (vs ₱1.36 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₱24.5b (up 8.3% from 1Q 2020). Net income: ₱7.78b (up 27% from 1Q 2020). Profit margin: 32% (up from 27% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 15% per year.
Executive Departure • May 04Independent Director has left the companyOn the 29th of April, Jesli Lapus' tenure as Independent Director ended after 10.8 years in the role. As of December 2020, Jesli personally held only 28.42k shares (₱1.4m worth at the time). A total of 7 executives have left over the last 12 months.
Reported Earnings • Mar 19Full year 2020 earnings released: EPS ₱3.08 (vs ₱6.24 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱80.5b (down 16% from FY 2019). Net income: ₱13.8b (down 51% from FY 2019). Profit margin: 17% (down from 29% in FY 2019). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.98% (up from 3.84% in FY 2019). Cost-to-income ratio: 49.6% (down from 54.6% in FY 2019). Non-performing loans: 2.36% (up from 1.28% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.
Recent Insider Transactions • Feb 25Insider recently bought ₱502k worth of stockOn the 23rd of February, Fernand Antonio Tansingco bought around 10k shares on-market at roughly ₱50.20 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱24m more in shares than they have sold in the last 12 months.
Executive Departure • Feb 03Head of Human Resources Management Group & Executive VP has left the companyOn the 1st of February, Vivian Lee-Tiu's tenure in the role of Head of Human Resources Management Group & Executive VP ended. We don't have any record of a personal shareholding under Vivian's name. A total of 6 executives have left over the last 12 months.
Executive Departure • Feb 03Chief Risk Officer, Head of Risk Management Group & Executive VP has left the companyOn the 1st of February, Maritess Antonio's tenure as Chief Risk Officer, Head of Risk Management Group & Executive VP ended after 12.6 years in the role. We don't have any record of a personal shareholding under Maritess' name. A total of 6 executives have left over the last 12 months.
お知らせ • Jan 22Metropolitan Bank & Trust Company Announces Management Changes, Effective February 1, 2021Metropolitan Bank & Trust Company announced retirement of Maritess B. Antonio as Head, Risk Management Group/Chief Risk Officer and the appointment of Christian D. San Juan as Head, Risk Management Group/Chief Risk Officer, effective from February 1, 2021.
お知らせ • Jan 20Metropolitan Bank & Trust Company, Annual General Meeting, Apr 28, 2021Metropolitan Bank & Trust Company, Annual General Meeting, Apr 28, 2021, at 14:00 China Standard Time.
お知らせ • Jan 12Metropolitan Bank & Trust Company Announces Management ChangesMetropolitan Bank & Trust Company announced the retirement of Vivian L. Tiu as EVP/Head, Human Resources Management Group effective February 1, 2021. The company also announced the change in designation of Homer Gerrard L. Ortega from SVP/Deputy Head, Human Resources Management Group to SVP/Head, Human Resources Management Group effective February 1, 2021.
