Philippine National Bank Management

Management criteria checks 2/4

Philippine National Bank's CEO is Florido Casuela, appointed in Jul 2022, has a tenure of 1.83 years. directly owns 0% of the company’s shares, worth ₱3.37K. The average tenure of the management team and the board of directors is 4 years and 3.8 years respectively.

Key information

Florido Casuela

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	1.8yrs
CEO ownership	0.00001%
Management average tenure	4yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

CEO

Florido Casuela (81 yo)

1.8yrs

Tenure

Mr. Florido P. Casuela serves as Senior Consultant of the Bank of Makati, Inc. Mr. Casuela served as the Consultant/Senior Adviser of the Bangko Sentral ng Pilipinas for the Philippine National Bank. Mr. C...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Florido Casuela	President & Director	1.8yrs	no data	0.000010% ₱ 3.4k
Francis Albalate	CFO, Executive VP & Head of Financial Management Strategy and Sustainability Sector	less than a year	no data	0.00014% ₱ 47.2k
Reynaldo Burgos	First SVP & Head of Operations Group	2.3yrs	no data	no data
Emeline Centeno	Senior VP	no data	no data	0.00027% ₱ 91.0k
Manuel Bahena	First Senior VP	11.3yrs	no data	0.00057% ₱ 192.2k
Isagani Cortes	Executive VP	5.1yrs	no data	no data
Socorro Corpus	Officer in Charge of Human Resource Group	no data	no data	no data
Christian Jerome Dobles	Senior VP & Head of Transformation under the Financial Management Sector	4yrs	no data	0.00024% ₱ 80.9k
Eisa Cua	Senior Vice President of Financial Institutions Division	no data	no data	0.00024% ₱ 80.9k
Lourdes Santiago-Liwag	Senior Vice President of Global Markets Group	no data	no data	0.00042% ₱ 141.6k
Ana Rose Kwan	Senior Vice President of Credit Management Group	no data	no data	0.00022% ₱ 74.2k
Allan Ang	First Senior VP	10.2yrs	no data	0.00030% ₱ 101.2k

4.0yrs

Average Tenure

62.5yo

Average Age

Experienced Management: PNB's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Florido Casuela	President & Director	18yrs	no data	0.000010% ₱ 3.4k
Florencia Tarriela	Board Advisor	3.1yrs	no data	no data
Lucio Tan	Director	24.4yrs	no data	1.63% ₱ 549.2m
Wilfrido Sanchez	Independent Director	3.1yrs	no data	0% ₱ 0
Leonilo Coronel	Vice Chairman of the Board	11yrs	no data	0% ₱ 0
Felix Enrico Alfiler	Director	1.4yrs	no data	0% ₱ 0
Edgar Cua	Independent Chairman	8yrs	no data	0.000010% ₱ 3.4k
Maria Almasara Cyd Tuaño-Amador	Independent Director	1.1yrs	no data	0% ₱ 0
Domingo Yap	Independent Director	4.8yrs	no data	0% ₱ 0
Sheila Tan-Pascual	Non Executive Director	4.5yrs	no data	0.000010% ₱ 3.4k
Lucio Tan	Chairman of Emeritus	less than a year	no data	0.000020% ₱ 6.7k
Isabelita Papa	Independent Director	2.8yrs	no data	0% ₱ 0

3.8yrs

Average Tenure

75yo

Average Age

Experienced Board: PNB's board of directors are considered experienced (3.8 years average tenure).

Philippine National Bank Management

Management criteria checks 2/4

Key information

Recent management updates

Philippine National Bank, Annual General Meeting, Apr 30, 2024

Philippine National Bank, Annual General Meeting, Apr 30, 2024

Philippine National Bank Announces Management Changes

Philippine National Bank Approves to Recall Appointment of Aidell Amor R. Gregorio as Acting CFO

Philippine National Bank, Annual General Meeting, Apr 25, 2023

Philippine National Bank Announces Board and Committee Changes

Recent updates

Now 21% undervalued

Price target decreased by 7.3% to ₱25.48

Full year 2023 earnings released: EPS: ₱11.78 (vs ₱7.56 in FY 2022)

Philippine National Bank, Annual General Meeting, Apr 30, 2024

Philippine National Bank, Annual General Meeting, Apr 30, 2024

Price target increased by 9.8% to ₱27.75

Philippine National Bank Announces Management Changes

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates increase by 10%

Philippine National Bank Approves to Recall Appointment of Aidell Amor R. Gregorio as Acting CFO

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

First quarter 2023 earnings released: EPS: ₱3.15 (vs ₱1.84 in 1Q 2022)

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Philippine National Bank, Annual General Meeting, Apr 25, 2023

Philippine National Bank Announces Board and Committee Changes

Philippine National Bank Appoints Jennifer Y. Ng as Head of Marketing Services/Intelligence Analytics and Performance Group, Effective January 16, 2023

Third quarter 2022 earnings released: EPS: ₱0.18 (vs ₱1.24 in 3Q 2021)

Consensus forecasts updated

Philippine National Bank Announces Management Changes

Second quarter 2022 earnings released: EPS: ₱5.40 (vs ₱13.31 in 2Q 2021)

Philippine National Bank Appoints Analisa I. San Pedro as Head of Internal Audit Group and Chief Audit Executive, Effective August 1, 2022

Consensus EPS estimates increase by 12%

Philippine National Bank Announces Executive Changes

Price target decreased to ₱25.34

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target decreased to ₱31.18

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Philippine National Bank, Annual General Meeting, Apr 26, 2022

Philippine National Bank, Annual General Meeting, Apr 26, 2022

Consensus forecasts updated

Third quarter 2021 earnings released: EPS ₱7.01 (vs ₱1.64 in 3Q 2020)

Price target decreased to ₱29.24

Philippine National Bank Ordinary Shares to Be Deleted from Other OTC

Consensus forecasts updated

Second quarter 2021 earnings released: EPS ₱5.67 (vs ₱0.03 in 2Q 2020)

First Senior VP & Head of Metro Manila Commercial Banking Group Lee Eng So has left the company

Independent Director Angelito Villanueva has left the company

Executive VP, CFO & Head of Financial Management Sector has left the company

Investor sentiment deteriorated over the past week

Price target increased to ₱35.98

First quarter 2021 earnings released: EPS ₱1.15 (vs ₱0.86 in 1Q 2020)

Independent Chairperson of the Board has left the company

Non Executive Director has left the company

Independent Vice Chairman of the Board Felix Enrico Alfiler has left the company

Investor sentiment improved over the past week

Independent Chairperson of the Board has left the company

Independent Vice Chairman of the Board Felix Enrico Alfiler has left the company

Consensus forecasts updated

Price target increased to ₱33.57

Consensus forecasts updated

Full year 2020 earnings released: EPS ₱1.67 (vs ₱6.98 in FY 2019)

Philippine National Bank Announces Board Changes

Philippine National Bank, Annual General Meeting, Apr 27, 2021

New 90-day low: ₱24.45

New 90-day low: ₱27.00

Amplitech Group, Inc. Announces Promotion of Executives, Effective on February 1, 2021

Alliedbankers Insurance Corporation agreed to acquire PNB General Insurers Co. Inc from Philippine National Bank (PSE:PNB) and PNB Holdings Corp. for PHP 1.5 billion.

Philippine National Bank Announces the Resignation of Rommell B. Narvaez as Head of Marketing and Brand Management Sector, Effective December 31, 2020

Analysts lower revenue estimates to ₱44.4b

Analysts update estimates

Earnings beat expectations, revenue disappoints

Third quarter 2020 earnings released: EPS ₱1.64

New 90-day high: ₱28.20

Market bids up stock over the past week

New 90-day high: ₱24.20

Analysts update estimates

New 90-day high - ₱22.90

First half earnings released

CEO