The Philippine National Bank (PNB) reported a net income of ₱6.37 billion in the first quarter of 2026, up 5 percent from a year ago, driven by steady growth in its core businesses.
The bank said net interest income and fee-based income both rose 6 percent, supported by higher loan volumes, controlled expenses, and careful balance sheet management, even as interest rates remained volatile.
PNB’s loan portfolio expanded by 15 percent year-on-year, while total deposits reached ₱1.01 trillion. About 80 percent of deposits were in low-cost current and savings accounts (CASA), helping keep funding costs manageable.
Chief financial officer Francis Albalate said the bank’s return on assets stood at 1.91 percent reflecting efficient use of resources and a balanced loan mix. Return on equity was 10.8 percent, indicating continued profitability.
Asset quality remained stable, with the non-performing loan ratio at 4.78 percent.
President and CEO Edwin Bautista said the bank is sustaining growth despite global economic challenges, citing stronger core income, tighter cost control, and ongoing investments in digital and AI initiatives.
PNB also received external recognition. Moody’s Ratings reaffirmed its investment-grade rating with a stable outlook, noting its strong capital position.
The bank was included in Forbes’ World’s Best Banks 2026 list, compiled with Statista, placing it among eight Philippine banks recognized globally based on customer trust and service quality.
In addition, Philippine Dealing System Group named PNB the Top Fixed Income Brokering Participant for the third straight year, highlighting its continued leadership in the local fixed-income market.
