PNB booked P6.37B first quarter net profit 

Philippine National Bank (PNB) booked a net income of P6.37 billion in the first quarter, up 5 percent, driven by steady expansion in core income streams.

In a disclosure on Monday, the Lucio Tan-led bank said that the performance was supported by higher loan volumes, disciplined balance sheet management and prudent expense control despite a volatile interest-rate environment.

Net interest income and net fee income both rose by 6 percent, reflecting measured revenue growth as the lender navigated shifting market conditions.

PNB’s total loan portfolio expanded by 15 percent, while total deposits reached P1.01 trillion, supported by a stable 80-percent current and savings account ratio.

Return on assets stood at 1.91 percent, while return on equity reached 10.8 percent, indicating sustained profitability and efficient asset deployment, according to the bank.

Asset quality remained stable, with the nonperforming loan ratio at 4.78 percent, underscoring continued risk management efforts.

“Despite global economic headwinds, we delivered solid first-quarter progress on the back of a strong balance sheet and growing core income. We are building momentum with focused growth, tighter cost control and improving asset quality—while continuing to push forward our digital and AI (artificial intelligence) initiatives, regardless of the market cycle,” president and CEO Edwin Bautista said.

Separately, Moody’s Ratings affirmed PNB’s investment-grade credit rating with a “stable outlook,” citing its strong capital position relative to peers.

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The bank also earned global recognition, landing on Forbes’ World’s Best Banks 2026 list, conducted with Statista, based on customer trust, service quality and digital capabilities.

At home, PNB was named Top Fixed Income Brokering Participant by the Philippine Dealing System Group, marking its third straight year receiving the award.

The lender said that these recognitions reflected its credibility and sustained leadership as it continued to expand its financial services.