Security Bank Corporation (PSE: SECB) recently shared its financial report card for 2025, and according to their announcement on March 2, 2026, the bank showed some interesting growth numbers that are worth understanding.
Breaking Down the Bank’s Earnings
Think of a bank like a big piggy bank that helps people save money and lend money to others. Security Bank made PHP66.9 billion in total revenues during 2025, which is 22% more than what they made in 2024. Revenue is all the money a business brings in before paying for expenses.
The bank’s final profit—what’s left after paying all their bills and setting aside money for potential problems—was PHP11.6 billion. This went up by 3% compared to the previous year. While this growth might seem small, the bank explains they purposely set aside extra money (PHP12.8 billion) to protect themselves in case some people can’t pay back their loans, which is almost double what they saved the year before (PHP6.6 billion).
What is Pre-Provision Operating Profit?
Here’s an important number that grew significantly: the bank’s Pre-Provision Operating Profit (PPOP) jumped 26% to PHP27.6 billion. This is the profit the bank made before setting aside that safety money for bad loans. It’s like measuring how well a basketball player shoots before accounting for how many times the other team blocked their shots.
According to Victor Lee Meng Teck, Security Bank’s President and CEO, these results show the bank is focusing on “disciplined growth” while maintaining a strong financial foundation, even though the economic environment has been challenging.
Where the Money Came From
Security Bank makes money in two main ways. First, there’s net interest income—this is the difference between what they earn from loans and what they pay people who keep money in savings accounts. This grew 15% to PHP50.5 billion.
Second, they earn non-interest income from services like credit card fees, foreign exchange, and investments. This part grew much faster—47%—reaching PHP16.5 billion. The bank earned PHP8.9 billion from service charges and fees, though this was slightly lower than last year because 2024 included a special one-time payment from a bancassurance deal (when banks sell insurance products).
Managing Loans and Problem Debts
As of December 31, 2025, Security Bank had PHP697 billion in loans out to customers, growing 3% from the previous year. The bank is particularly focused on lending to regular people rather than just big companies—these “retail loans” (like car loans, credit cards, and home loans) grew 14% and now make up 32% of all their loans.
The bank’s gross non-performing loan (NPL) ratio—which measures loans where people stopped paying—stood at 2.89%. This means less than 3 out of every 100 pesos lent out aren’t being repaid on time, which is relatively stable and actually improved slightly from 3.02% three months earlier.
Customer Deposits and Bank Safety
People and businesses kept PHP930.5 billion in deposits at Security Bank by the end of 2025, which is 16% more than a year earlier. About 49% of these deposits were in CASA accounts (Current Account and Savings Account)—the type where the bank doesn’t pay much interest, which is actually good for the bank’s profitability.
The bank maintains strong safety buffers. Their Liquidity Coverage Ratio stood at 200% and their Total Capital Adequacy Ratio was 13.21%—both comfortably above what regulators require, meaning the bank has plenty of cushion to handle unexpected problems.
Growing Physical Presence
Security Bank, which has been operating for 74 years since 1951, expanded its branch network to 384 branches by opening 31 new locations in 2025, plus seven more in early 2026. They also operate 526 ATMs and related cash machines.
Understanding the Quarterly Results
Looking at just the last three months of 2025 (Q4), the bank earned PHP2.6 billion in net income, which was lower than previous quarters mainly because they set aside more money for potential loan losses (PHP4.1 billion in provisions). However, their quarterly revenues reached PHP18.1 billion, up 22% from the same period in 2024.
The bank’s return on equity—which measures how efficiently they’re using shareholders’ money—was 7.87% for the full year, while shareholders’ capital grew 9% to PHP154.2 billion.
Security Bank trades on the Philippine Stock Exchange under the ticker symbol SECB. Total assets reached PHP1.2 trillion as of year-end 2025, representing 6% growth from the previous year.
