Security Bank Reports ₱9.2 Billion Net Income for First Nine Months of 2026

Security Bank Corporation reported ₱9.2 billion in net income for the first nine months of 2026, a 1% increase from the same period a year earlier, according to its November 13 earnings release.

The bank said total revenue increased 8% year-on-year to ₱52.5 billion, while pre-provision operating profit rose 12% to ₱22.9 billion.

Operating expenses grew 4%, below the reported pace of revenue growth. Its cost-to-income ratio improved to 56.4%, compared with 58.1% a year earlier.

Security Bank also reported net interest income of ₱50 billion and a net interest margin of 5.93%. Service charges, fees, and commissions reached ₱6.1 billion.

Third-quarter earnings reach ₱3.1 billion

For the third quarter, the bank reported net income of ₱3.1 billion, total revenue of ₱17.6 billion, and pre-provision operating profit of ₱7.4 billion.

Operating expenses increased 2% from the preceding quarter. Provisions for credit losses declined 9% quarter-on-quarter to ₱3.4 billion.

The bank’s gross non-performing loan ratio stood at 3.17%, with non-performing loan reserve coverage of 84%.

Deposits increase as assets reach ₱1.23 trillion

Total deposits rose 4% year-on-year to ₱938 billion. Current account and savings account deposits increased 9% and accounted for 52% of total deposits, compared with 49% a year earlier.

Net loans reached ₱680 billion, up 1%, while investment securities totaled ₱380 billion.

Security Bank reported total assets of ₱1.23 trillion, an 8% increase from a year earlier. As of September 30, 2026, its liquidity coverage ratio was 232%, while its net stable funding ratio stood at 147%.

Its common equity tier 1 ratio was 12.4%, and its total capital adequacy ratio was 13.3%.

Dividend payment scheduled for November 25

The bank said its board approved a ₱1.50-per-common-share second-semester regular cash dividend on October 27, payable on November 25, 2026.

Together with the ₱1.50-per-share dividend paid on May 8, the announced payment would bring regular cash dividends for the year to ₱3 per common share.

Security Bank said its three-year strategy focuses on wealth management, entrepreneur banking, and corporate and institutional banking.

President and CEO Victor Lee attributed the nine-month performance to progress in revenue growth and operating efficiency, while emphasizing continued attention to costs, credit, and capital management.

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