Security Bank (SECB) Q3 2025 earnings summary

Executive summary

• Revenue grew 22% year-over-year to ₱48.8 billion for the nine months ended September 30, 2025, with net income up 7% to ₱9.1 billion compared to the same period last year; EPS increased to P12.03 from P11.21.

• Total assets reached ₱1.14 trillion, up 11% year-over-year, driven by higher trading assets, investments, and JV/associate stakes.

• Comprehensive income reached P13.2B, reflecting improved market valuations and JV/associate contributions.

• Non-interest income surged 52% year-over-year.

Financial highlights

• Net interest income for nine months was ₱37.2 billion, up ₱4.8 billion year-over-year.

• Total non-interest income reached ₱11.6 billion, a ₱3.9 billion increase year-over-year.

• Operating expenses (excluding provisions) rose 20% year-over-year to ₱28.3 billion; total operating expenses increased to P37.0B from P28.6B, mainly due to higher credit loss provisions and compensation.

• Cost-to-income ratio improved slightly to 58.1% from 58.8% year-over-year.

• Provisions for credit and impairment losses increased to ₱8.6 billion from ₱5.1 billion year-over-year.

Outlook and guidance

• CASA (current and savings accounts) continues to drive deposit growth, supporting funding stability.

• Liquidity remains strong with a 36.3% liquid assets to total assets ratio; no anticipated liquidity issues in the next 12 months.

• Capital expenditures will be funded from operating cash flows, focusing on technology and branch expansion.

• Disciplined loan growth and non-interest income momentum are expected to sustain profitability.