MANILA, Philippines - Philippine National Bank (PNB) posted a net income of P6.37 billion in the first quarter of 2026, a 5 percent increase from the same period last year, driven by higher loan volumes and disciplined cost management.
In a disclosure, the bank attributed the growth to a 15 percent expansion in its loan portfolio, with total deposits reaching P1.01 trillion. Net interest income and net fee income each rose 6 percent, reflecting steady revenue growth amid a volatile interest-rate environment.
PNB's return on assets stood at 1.91 percent, while return on equity hit 10.8 percent, indicating sustained profitability. The bank's nonperforming loan ratio remained stable at 4.78 percent, underscoring effective risk management.
"Despite global economic headwinds, we delivered solid first-quarter progress on the back of a strong balance sheet and growing core income," said president and CEO Edwin Bautista. He noted the bank is building momentum through focused growth, tighter cost control, and improving asset quality, while continuing to advance digital and AI initiatives.
Separately, Moody's Ratings affirmed PNB's investment-grade credit rating with a stable outlook, citing its strong capital position. The bank also earned a spot on Forbes' World's Best Banks 2026 list and was named Top Fixed Income Brokering Participant by the Philippine Dealing System Group for the third straight year.