Philippine Savings Bank (PSBank) announced that it made a profit of PhP 944 million during the first three months of 2026, according to a disclosure filed with the Philippine Stock Exchange on May 8, 2026.

What Does This Mean?

Think of a bank like a piggy bank for grown-ups and businesses. When a bank makes money (called “net income”), it means they earned more than they spent. PSBank earned PhP 944 million in the first quarter – that’s like January, February, and March combined.

The bank explained that their earnings show they’re being very careful with their money during a time when the world economy is facing challenges. They set aside more money (called “provisions”) just in case some people can’t pay back their loans – kind of like saving extra allowance for rainy days.

More People Are Borrowing Money

PSBank’s total loans grew by 3% to PhP 156 billion compared to the same time last year. This means more people are borrowing money from the bank for things like:

• Buying cars (auto loans)
• Buying houses (mortgage loans)
• Small and medium businesses that need money to grow (SME loans)

The money the bank earns from these loans (called “net interest income”) also went up by 3% to PhP 3.36 billion. However, the bank set aside 73% more money for credit provisions, which reached PhP 716 million by the end of March. This is the bank’s way of being extra careful during uncertain times.

How Are the Bank’s Loans Performing?

PSBank’s gross non-performing loan (NPL) ratio – which measures loans that people aren’t paying back on time – was at 3.6% as of March 31, 2026. This is actually better than their December 2025 number of 3.7%, and much better than other similar banks in the Philippines, which have an average NPL of 6.4%. A lower number is better because it means fewer people are having trouble paying back their loans.

More Deposits Coming In

On the other side, more people are also saving their money with PSBank. Total deposits increased by 4% year-over-year to PhP 177 billion. The bank is getting these deposits through both their physical branches and their online banking platform where people can open accounts digitally.

The Bank Is Very Strong Financially

PSBank’s total capital reached PhP 46 billion, which is like the bank’s own savings account that keeps it strong and safe. The bank has very impressive safety ratios:

• Capital Adequacy Ratio: 23.9%
• Common Equity Tier 1 ratio: 22.9%

These numbers are well above what the Bangko Sentral ng Pilipinas (the Philippines’ central bank) requires, and they’re among the highest in the banking industry. Think of these ratios like a safety cushion – the bigger the cushion, the better the bank can handle tough times.

What the Bank President Says

PSBank President Jose Vicente Alde stated: “Notwithstanding the current market conditions, we remain committed to support our customers financial requirements through a balanced approach of disciplined risk management and strategic expansion.” This means the bank will continue helping customers while being careful about risks.

About PSBank

Philippine Savings Bank is one of the major savings banks in the country with 250 branches and over 500 ATMs across the Philippines. The bank is part of the Metrobank Group and offers various services including savings accounts, car loans, home loans, personal loans, and insurance. PSBank is listed on the Philippine Stock Exchange under the ticker symbol PSB, with 426,859,416 common shares outstanding as of the filing date.

This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.