{"id":331591,"date":"2025-02-20T23:22:50","date_gmt":"2025-02-20T15:22:50","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=331591"},"modified":"2025-02-20T23:22:52","modified_gmt":"2025-02-20T15:22:52","slug":"trade-the-news-mbt-records-p48-1-billion-profit-in-2024","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-mbt-records-p48-1-billion-profit-in-2024\/","title":{"rendered":"Trade the News: MBT records P48.1 billion profit in 2024"},"content":{"rendered":"\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Potential Impact of this News<\/strong><\/td><td><strong>POSITIVE on the stock price<\/strong><\/td><\/tr><tr><td><strong>Company<\/strong><\/td><td>Metropolitan Bank &amp; Trust Co.<\/td><\/tr><tr><td><strong>Stock Code<\/strong><\/td><td>MBT<\/td><\/tr><tr><td><strong>Long-term Recommendation on the Stock<\/strong><\/td><td>Buy<\/td><\/tr><tr><td><strong>1-Year Target Price<\/strong><\/td><td>PHP 89.14<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Metropolitan Bank &amp; Trust Co. (Metrobank) reported Thursday a 14.0% growth in its bottom line for 2024, on the back of higher net interest income as the lender posted an expansion in gross loans during the period.<\/p>\n\n\n\n<p>Metrobank said its net income grew to a record P48.1 billion in the past year, translating to a 13.0% return on equity which compares with the 12.5% in 2023. Net interest income for the year grew 8.7% to P114.1 billion.<\/p>\n\n\n\n<p>Gross loans expanded by 17.0% to outpace the industry growth of 12.5%\u2014commercial loans rose by 17.7% as corporate clients increased capital spending, and consumer loans rose by 14.4% as net credit card receivables grew by 18.6% and auto loans increased by 18.2%.<\/p>\n\n\n\n<p>Fee and trust income hit P18.1 billion supported by the consumer business, while posting a 39% improvement in trading and foreign exchange gains to P5.6 billion.<\/p>\n\n\n\n<p>Operating costs for the year stood at P77.2 billion, reflecting an 11.0% increase due to transaction related taxes, along with manpower, technology, and marketing costs.<\/p>\n\n\n\n<p>Metrobank ended 2024 with total consolidated worth P3.52 trillion, and a total equity of P385.5 billion.<\/p>\n\n\n\n<p><em>(News Source: <a href=\"https:\/\/www.gmanetwork.com\/news\/money\/companies\/936813\/metrobank-nets-record-p48-1-billion-in-2024\/story\/\">GMA News<\/a>)<\/em><\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-331591","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=331591"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331591\/revisions"}],"predecessor-version":[{"id":331593,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331591\/revisions\/331593"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=331591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=331591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=331591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}