Security Bank Corporation (PSE: SECB) reported P48.8 billion in total revenues for the first nine months of 2025, up 22 percent year-on-year, while net income rose seven percent to P9.1 billion, driven by stronger margins, higher loan volumes, and robust trading gains.

Net interest income increased 15 percent to P37.2 billion, with the bank’s net interest margin improving to 4.70 percent. Non-interest income surged 52 percent to P11.6 billion, supported by securities trading, FX gains, and earnings from associates. Excluding last year’s one-off bancassurance fee, service charges and fees rose 20 percent, led by credit cards and payments.

Operating expenses grew 20 percent due to investments in manpower and technology, though the bank still improved its cost-to-income ratio to 58.1 percent. Pre-provision operating profit rose 24 percent to P20.4 billion, while provisions for credit losses increased to P8.6 billion. Asset quality remained stable, with the NPL ratio improving to 3.02 percent and reserve coverage rising to 86 percent.

In the third quarter alone, Security Bank posted P3.2 billion in net income, up 6.7 percent year-on-year. Quarterly revenues hit P17.2 billion, while net interest income rose 20 percent to P12.9 billion.

Deposits grew 25 percent to P901 billion, with CASA accounting for 49 percent of the total. Loans increased eight percent to P672 billion, driven by a 24 percent jump in retail lending, including 42 percent growth in auto loans and 27 percent in credit cards. The bank expanded its branch network to 365 branches nationwide.

Liquidity and capital remained strong, with an LCR of 189 percent, NSFR of 143 percent, and a CET1 ratio of 12.7 percent. The bank also declared a P1.50 per share cash dividend payable on 26 November.

“We delivered another strong quarter, underscoring our continued focus on customer-centric growth, digital transformation, and operational efficiency,” said Security Bank President & CEO Sanjiv Vohra. “Backed by a healthy balance sheet, we remain focused on sustainable growth and delivering better experiences for our customers.”