Security Bank Corp. reported steady earnings growth in 2025, supported by stronger revenues and improving performance across its core businesses despite higher provisioning to strengthen its balance sheet.

In a Monday disclosure, the bank reported total revenues of P66.9 billion for the year, up 22 percent from 2024, driven by sustained growth in lending, trading income and other fee-based businesses. Net income reached P11.6 billion, a modest 3 percent increase year on year, while pre-provision operating profit rose faster at 26 percent to P27.6 billion, reflecting stronger underlying earnings capacity.

Net interest income grew 15 percent to P50.5 billion as the bank maintained healthy asset yields and funding discipline. Net interest margin for the year stood at 4.66 percent.

Non-interest income surged 47 percent to P16.5 billion, buoyed by higher securities trading gains, foreign-exchange income and earnings from joint ventures and associates.

Fee-based income remained stable. Service charges, fees and commissions totaled P8.9 billion, slightly lower than the previous year because of a one-off bancassurance milestone fee recorded in early 2024. Excluding that item, fee income actually increased 18 percent, led by credit cards, payment services and capital markets activities.

Security Bank increased credit provisions to P12.8 billion from P6.6 billion a year earlier as part of its risk management strategy. Despite the higher provisioning, asset quality remained stable. The gross non-performing loan ratio improved to 2.89 percent while reserve coverage rose to 86 percent.

Security Bank’s balance sheet also expanded during the year. Total deposits grew 16 percent to P930.5 billion, with current and savings accounts accounting for nearly half of the total. Net loans stood at P697 billion, supported by continued expansion in consumer lending, including auto loans, credit cards and housing loans.

Retail lending is becoming a larger part of the bank’s portfolio, now accounting for 32 percent of total loans, up from 29 percent the previous year. The bank reported strong liquidity and capital buffers, with liquidity coverage ratio at 200 percent and capital adequacy ratios comfortably above regulatory requirements.

Total assets reached P1.2 trillion while shareholders’ equity climbed to P154.2 billion.

Security Bank also continued expanding its physical footprint, ending 2025 with 384 branches nationwide after opening 31 new locations during the year and adding seven more in early 2026.