Security Bank Corp. reported P6.1 billion in net income for the first half of 2026, up 4 percent year-on-year, as stronger revenues, improved operating efficiency, and prudent credit management supported its performance.

In a Friday statement, the bank said second-quarter net income rose 25 percent quarter-on-quarter and 11 percent year-on-year to P3.4 billion, reflecting stronger earnings momentum during the period. Pre-provision operating profit for the first half increased 21 percent to P15.4 billion, while total revenues climbed 11 percent to P34.9 billion.

Net interest income reached P32.4 billion, with net interest margin at 5.78 percent. Service charges, fees and commissions totaled P4.2 billion. Operating expenses increased just 3 percent, slower than revenue growth, bringing the cost-to-income ratio down to 55.7 percent from 59.6 percent a year earlier.

The bank booked P7.6 billion in credit loss provisions during the first half, maintaining a prudent approach to credit risk. At the same time, asset quality improved, with the gross non-performing loan ratio falling to 3.04 percent from 3.16 percent a year earlier and 3.08 percent in the previous quarter. NPL reserve coverage also increased to 85 percent from 79 percent a year earlier.

In the second quarter, total revenues rose 5 percent quarter-on-quarter and 11 percent year-on-year to P17.9 billion. Pre-provision operating profit reached P7.9 billion, up 6 percent from the previous quarter and 19 percent from a year earlier. Credit-loss provisions declined to P3.7 billion from P3.9 billion in the first quarter.

Total deposits stood at P891 billion, with CASA deposits growing 8 percent year on year and accounting for 52 percent of total deposits. Net loans reached P675 billion, up 1 percent, as the bank continued shifting its portfolio toward higher-quality segments. Investment securities totaled P362 billion.

Security Bank maintained strong liquidity and capital positions, with a 206 percent liquidity coverage ratio and 145 percent net stable funding ratio as of end-June. Its common equity Tier 1 ratio improved to 12.6 percent, while its total capital adequacy ratio rose to 13.5 percent. Shareholders' equity increased 5 percent year on year to P155.7 billion, while total assets reached P1.19 trillion, up 3 percent.

“As Security Bank marks its 75th year, we are building momentum with discipline,” President and CEO Victor Lee said. “We grew revenues faster than expenses, improved efficiency, strengthened reserve cover, and maintained strong capital and liquidity. Our focus is to keep growing responsibly while making banking simpler, faster, and more responsive for the customers and businesses we serve.”