Security Bank (SECB) Q3 2026 earnings summary

Executive summary

• 9M 2026 net income rose to ₱9.20B from ₱9.07B YoY; EPS increased to ₱12.20 from ₱12.03.

• Net interest income grew to ₱49.99B from ₱37.20B, while net other income fell to ₱2.47B from ₱11.58B, including a ₱7.87B FX loss.

• Q3 net income was ₱3.11B versus ₱3.21B a year earlier; comprehensive income was ₱0.49B for 9M, down from ₱13.20B.

Financial highlights

• 9M operating income increased to ₱52.45B from ₱48.78B; operating expenses rose to ₱40.56B from ₱36.97B, including higher credit-loss provisions.

• 9M income before tax was ₱11.90B versus ₱11.82B; net income was ₱9.20B versus ₱9.07B.

• Interest income rose 4.4% to ₱60.2B; interest expense declined ₱10.3B, supporting 34.4% growth in net interest income to ₱50.0B.

• Total assets reached ₱1.232T at September 30, 2026, up ₱37.2B from year-end 2025; total liabilities increased ₱37.8B to ₱1.078T.

Outlook and guidance

• Liquidity was described as more than adequate, with liquid assets at 39.88% of total assets; no cash-flow or liquidity problems were anticipated over the next 12 months.

• Capital expenditure commitments are expected to be funded from operating cash flows, including technology, cybersecurity, electronic banking, ATMs, and branch investments.