Security Bank (SECB) Q4 2025 earnings summary

Executive summary

• FY25 total revenues reached P66.9bn, up 22% year-over-year, with net income at P11.6bn, a 3% increase from FY24.

• Net interest income grew 15% year-over-year to P50.5bn, while non-interest income rose 47% to P16.5bn.

• Operating expenses increased 19% year-over-year to P39.3bn, with a cost-to-income ratio improving to 58.75%.

Financial highlights

• Total loans rose 3% year-over-year to P696.6bn, and total deposits increased 16% to P930.5bn.

• Gross NPL ratio was 2.85% at Dec 2024, rising to 3.02% by Dec 2025; NPL cover improved from 81% to 86%.

• Provisions for credit and impairment losses totaled P12.8bn in FY25, up from P6.6bn in FY24.

• Total assets grew 6% year-over-year to P1.19tn, with total liabilities at P1.04tn, up 5%.

Outlook and guidance

• Targeting a cost-to-income ratio of 55%-58% and CET1 ratio above 13% for 2026.

• Focus on higher-quality loans and investments for better returns; credit cost expected to remain elevated at around 190 bps.

• Continued digital investments, with new platforms for corporate, MSME, and wealth segments launching around end of Q1 2026.