Security Bank Corp., the country’s 7th largest lender, delivered solid topline momentum in 2025, posting total revenues of P66.9 billion, up 22 percent year on year, as diversified income streams and steady core lending activity powered results.
Net income rose 3 percent to P11.6 billion, reflecting a deliberate strategy to pair growth with heavier provisioning amid a still challenging macro backdrop.
Pre-provision operating profit climbed 26 percent to P27.6 billion, underscoring the Bank’s earnings engine before risk buffers. President and CEO Victor Lee Meng Teck said the performance reflects a refocus on disciplined growth after a period of intentional investments and tougher operating conditions.
Net interest income increased 15 percent to P50.5 billion, with full year net interest margin at 4.66 percent, demonstrating resilience despite market volatility. Non interest income surged 47 percent to P16.5 billion, boosted by stronger trading gains, foreign exchange income, and contributions from joint ventures and associates.
Fee based revenues showed underlying strength. While reported service charges and commissions of P8.9 billion were slightly lower due to a one off bancassurance milestone fee in early 2024, core fee income grew 18 percent, led by credit cards, payments, and capital markets.
The Bank also stepped up credit provisions to P12.8 billion from P6.6 billion a year earlier, reinforcing balance sheet defenses. Asset quality remained broadly stable, with gross non performing loans easing to 2.89 percent and reserve coverage improving to 86 percent.
Fourth quarter earnings of P2.6 billion reflected higher provisioning, but revenue growth and margin expansion signal a bank intent on strengthening fundamentals while staying growth ready.
