Metropolitan Bank & Trust Co. (Metrobank) ended 2022 with a 48 percent year-on-year increase in net income to P32.8 billion on the back of better corporate and consumer lending businesses, healthy fee income, subdued operating expense growth and lower provisions on stable asset quality.
For the quarter alone, the bank’s earnings rose to P9.3 billion, a 55 percent increase from a year ago.
With the bank’s strong capital base and higher profitability, the Board of Directors approved a total cash dividend of P3 per share for the year. The regular dividend of P1.60 per share will be paid out on a semi-annual basis at P0.80 per share. On top of this, a special cash dividend of P1.40 per share was also declared.
“Backed by the strategies we initiated during the pandemic, our solid performance and the recognitions we received in 2022 reflect our efforts to support our clients’ growing needs as the economy reopens. With our strong balance sheet and highly capable team of Metrobankers, we stand ready to continue to be the trusted partner of all our stakeholders for the long term,” said Fabian Dee, Metrobank president.
