Research · Apr 23, 2026
MNSB Q1: NIM Contracts 5bps Milder Than Consensus, NIB Share Dips 0.6pp
MNSB's Q1 NIM contracted 5bps QoQ to 3.46%, beating consensus 7-12bps estimates, while NIB deposit share dipped 0.6pp to 23.7%. Both metrics dodge downside breaks, keeping the rate-cut resilience story intact. Q2 thresholds: NIM <3bps contraction, NIB >0.5pp growth.