Security Bank nets P11.6 billion in 2025

Upgrade to High-Speed Internet for only ₱1499/month!

Enjoy up to 100 Mbps fiber broadband, perfect for browsing, streaming, and gaming.

Visit Suniway.ph to learn

March 6, 2026 | 12:00am

MANILA, Philippines —  Security Bank Corp. posted a three percent increase in net income to P11.6 billion last year, as strong revenue growth and higher core earnings were partly offset by heavier credit provisioning amid a challenging macroeconomic environment.

The listed bank said total revenues climbed by 22 percent to P66.9 billion in 2025, supported by sustained performance across its core banking businesses and diversified income streams. Pre-provision operating profit rose by 26 percent to P27.6 billion, reflecting the strength of its underlying operations.

“We are seeing the benefits of the strong foundations we have built,” Security Bank president and CEO Victor Lee Meng Teck said in a disclosure to the local bourse.

“Following a period of intentional investment and operating in a more challenging macro environment, we are refocusing on disciplined growth, delivering strong revenue momentum, improving asset quality and maintaining a resilient balance sheet,” he said.

Net interest income increased by 15 percent to P50.5 billion, backed by healthy asset yields and disciplined funding. The bank’s full-year net interest margin stood at 4.66 percent, indicating sustained margin resilience despite market volatility.

Non-interest income surged by 47 percent to P16.5 billion, driven by higher securities trading gains, foreign exchange income and the bank’s share in earnings from joint ventures and associates.

Operating expenses rose by 19 percent year on year as the bank invested in people, technology and service capabilities, although its cost-to-income ratio improved to 58.75 percent from 60.23 percent.

Security Bank increased provisions for credit and impairment losses to P12.8 billion from P6.6 billion a year earlier, which weighed on profit growth but strengthened its risk buffers.

Asset quality remained stable, with the gross non-performing loan ratio at 2.89 percent and NPL reserve coverage improving to 86 percent from 81 percent a year earlier. Return on shareholders’ equity stood at 7.87 percent.

Total deposits increased by 16 percent to P930.5 billion, with low-cost deposits accounting for 49 percent of the total. Meanwhile, net loans inched up by three percent to P697 billion, driven by retail lending growth, particularly auto loans, credit cards and home loans.

Liquidity and capital ratios remained above regulatory minimums, with the liquidity coverage ratio at 200 percent and net stable funding ratio at 146 percent. The bank’s common equity tier 1 ratio stood at 12.33 percent while total capital adequacy ratio reached 13.21 percent.

Security Bank ended 2025 with 384 branches after opening 31 new branches, with seven more added in the first two months of 2026.