With revenues climbing 8% to PHP52.5 billion and operating efficiency improving, Security Bank continues to build momentum while expanding its nationwide presence and advancing its three-year growth strategy.

 Security Bank Corporation is strengthening its financial performance, reporting a net income of PHP9.2 billion for the first nine months of 2026, alongside solid growth in revenues and improved operating efficiency.

The bank’s pre-provision operating profit (PPOP) rose 12% year-on-year to PHP22.9 billion, while total revenues increased 8% to PHP52.5 billion. Net income also posted a 1% increase compared with the same period last year.

Driving the bank’s performance was its PHP50-billion net interest income, with a net interest margin of 5.93%. Service charges, fees, and commissions contributed PHP6.1 billion in revenues.

Security Bank also demonstrated better cost management, with operating expenses increasing by just 4%, slower than its 8% revenue growth. This helped bring its cost-to-income ratio down to 56.4%, compared with 58.1% a year earlier.

For the third quarter alone, the bank recorded PHP17.6 billion in total revenues and PHP7.4 billion in pre-provision operating profit. Net income reached PHP3.1 billion, while provisions for credit losses declined 9% quarter-on-quarter to PHP3.4 billion.

Beyond its earnings performance, Security Bank maintained a solid financial position, with total assets reaching PHP1.23 trillion, up 8% year-on-year. Deposits grew 4% to PHP938 billion, supported by a 9% increase in current and savings account (CASA) deposits. CASA deposits now account for 52% of total deposits, compared with 49% a year ago.

The bank’s net loans stood at PHP680 billion, while total investment securities reached PHP380 billion.

Its liquidity and capital positions also remained healthy as of September 30, 2026, with a Liquidity Coverage Ratio of 232% and Net Stable Funding Ratio of 147%. The Common Equity Tier 1 Ratio stood at 12.4%, while the Total Capital Adequacy Ratio was 13.3%.

Security Bank is likewise expanding its accessibility to customers, growing its branch network to 397 branches after opening 19 new branches during the first nine months of 2026, including five in the third quarter. An additional branch opened in October.

The bank is also moving forward with its three-year business strategy unveiled in August, focusing on wealth management, entrepreneur banking, and corporate and institutional banking. The strategy builds on its existing capabilities, customer relationships, and strategic partnership with MUFG Bank.

Shareholders to receive PHP1.50 cash dividend

Adding to the positive developments for investors, Security Bank’s Board of Directors approved a second-semester regular cash dividend of PHP1.50 per common share on October 27, 2026, payable on November 25, 2026.

This brings the total cash dividends for 2026 to PHP3.00 per common share, following the first-semester dividend payment of PHP1.50 per share on May 8.

“Our nine-month results show good progress in the business, particularly in revenue growth and operating efficiency,” said Victor Lee, President and CEO of Security Bank.

He added that the bank will continue to manage costs, credit, and capital carefully while focusing on business areas with strong long-term opportunities.

With improving operating efficiency, a growing branch network, and a focused business strategy, Security Bank continues to strengthen its position in the Philippine banking industry while delivering value to its customers and shareholders.