- Record Net Income: Metrobank reported a net income of 23.6 billion pesos for the first half of 2024, setting a new record.
- Robust Asset Expansion: The strong financial performance is attributed to robust asset expansion and stable margins.
- Healthy Asset Quality: The bank maintained healthy asset quality throughout the first half of the year.
- Return on Equity: Return on equity improved to 13.3% from 12.9% compared to the previous year.
- Provisions for Loan Losses: Provisions for loan losses were reduced to 1 billion pesos, yet the non-performing loan (NPL) coverage remained high at 162.7%.
- Net Interest Income: Net interest income increased by 14.6% year-over-year to 58 billion pesos.
- Non-Performing Loan Ratio: The NPL ratio improved to 1.66% from 1.84% a year ago.
- Stable Economic Prospects: Metrobank President Fabian Dee noted that potential easing of inflation, driven by government efforts, could further spur consumer demand.
- Analyst Recommendations: The bank received 19 buy ratings, 2 hold ratings, and 0 sell ratings from analysts.
A look at Metropolitan Bank & Trust Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Metropolitan Bank & Trust Company, a provider of commercial and investment banking services, has received favorable ratings across different factors according to Smartkarma Smart Scores. With solid scores for Growth and Momentum at 4, the company shows promise for long-term expansion and market performance. Additionally, its Value and Dividend scores of 3 indicate a balanced position in terms of market value and dividend payouts. The Resilience score of 3 showcases the company’s ability to withstand market fluctuations. Overall, Metropolitan Bank & Trust seems to have a positive long-term outlook based on these scores.
Metropolitan Bank & Trust Company’s range of services includes borrowing and lending, trade finance, remittances, treasury, investment banking, and savings. With a blend of growth potential, market stability, and decent dividend offerings, the company could be poised for sustained success in the banking sector. Investors may find Metropolitan Bank & Trust an attractive option for long-term investment based on the combination of its strong Growth and Momentum scores as well as its solid fundamentals across other key areas like Value, Dividend, and Resilience.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
