Philippine National Bank's (PSE:PNB) consolidated net income rose 15% year on year to 6.1 billion Philippine pesos in the first quarter, according to a Monday Philippine Exchange filing.
The bank's net interest margin grew 9% annually to 12.7 billion pesos, thanks to the combined effect of the increase in the bank's loan portfolio and treasury assets in interest income from higher lending, investments, and yields.
As of March 31, the lender's total assets amounted to 1.28 trillion pesos, up 2% versus December 2024's levels, it added.
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