Philippine National Bank (PNB) reported a net income of P6.37 billion for the first quarter of 2026, up 5 percent from the same period last year, fueled by robust loan growth and stable core earnings.
The Lucio Tan-led bank attributed the increase to higher loan volumes, steady interest and fee income, and disciplined cost management amid a volatile interest rate environment.
Net interest income and net fee income both climbed 6 percent, while total loans expanded 15 percent year-on-year. Deposits reached P1.01 trillion, with current and savings accounts comprising 80 percent of the total, ensuring funding stability.
The bank's return on assets stood at 1.91 percent, and return on equity hit 10.8 percent, reflecting sustained profitability. Asset quality remained sound, with the non-performing loan ratio at 4.78 percent.
Moving forward, PNB said it would focus on tighter cost control, improved asset quality, and continued investments in digital and artificial intelligence initiatives to sustain growth.