Philippine National Bank (PNB) reported a net profits of PHP 6.37 billion for the first quarter, marking a 5% increase from the same period last year.

According to a statement released by the bank, higher loan volumes and disciplined expense management drove the growth.

A review of the 2026 data from the Philippine National Bank profits shows that net interest income rose by 6% to PHP 13.46 billion. Net service fees and commission income also grew by 6% to reach PHP 1.51 billion.

The bank expanded its total loan portfolio by 15% year on year to PHP 755.87 billion, reflecting sustained credit demand across key segments.

Total deposits reached PHP 1.01 trillion by the end of March, with low-cost current and savings accounts making up 80% of the total.

“Despite global economic headwinds, we delivered solid first-quarter progress on the back of a strong balance sheet and growing core income,” said Edwin Bautista, President and CEO, PNB.

Bautista added that the bank is building momentum through focused growth and tighter cost control, while continuing to push forward its digital and artificial intelligence initiatives.

The bank maintained a stable asset quality with a non-performing loan ratio of 4.78%. Return on equity stood at 10.8%.

Moody’s recently affirmed the strong capital position of the bank, maintaining an investment-grade rating with a stable outlook for the lender.

Featured image: Edited by Fintech News Philippines based on an image by via Freepik.