Security Bank Corp. reported a 26% increase in pre-provision operating profit (PPOP) to ₱27.6 billion in 2025, driven by growth across its core banking businesses and other income streams. Total revenues reached ₱66.9 billion, up 22% from 2024, while net income rose slightly to ₱11.6 billion as the bank balanced revenue growth with higher credit provisions.
“Following a period of intentional investment and operating in a more challenging macro environment, we are refocusing on disciplined growth, delivering strong revenue momentum, improving asset quality, and maintaining a resilient balance sheet,” said Victor Lee Meng Teck, President and CEO of Security Bank. “This reflects our BetterBanking approach, focused on long-term value and serving our customers and all stakeholders responsibly.”
Net interest income increased, supported by healthy asset yields, while non-interest income grew due to gains from securities trading, foreign exchange, and the bank’s share in joint ventures and associates. Fee income also rose, led by credit cards, bancassurance, and payment services. Operating expenses grew with investments in people, technology, and service capabilities, while the cost-to-income ratio improved slightly.
Provisions for credit and impairment losses were higher than the previous year, but asset quality remained stable, with the gross non-performing loan ratio around 2.9% and coverage at 86%.
In the fourth quarter, net income was lower compared with the previous quarter due to higher credit provisions, though quarterly revenues and operating profit grew year-on-year.
The bank’s total deposits increased, with CASA deposits accounting for about half of the total. Net loans rose, driven by retail lending, which now makes up nearly one-third of total loans. Investment securities also grew modestly.
Security Bank maintained strong liquidity and capital positions, with capital ratios above regulatory requirements. Total assets grew to ₱1.2 trillion, while shareholders’ capital grew to ₱154.2 billion.
The bank expanded its branch network to 384, opening 31 new branches in 2025 and seven more in early 2026.