Security Bank posts 7% net profit growth on strong loan expansion

Security Bank Corp.’s net profit rose 7 percent year-on-year to ₱9.1 billion in the first nine months of 2025, fueled by robust loan growth, the bank reported in a disclosure to the Philippine Stock Exchange (PSE) on Friday.

Total revenues jumped 22 percent to ₱48.8 billion by the end of September, while net loans increased 8 percent to ₱672 billion, led by a 24 percent surge in retail lending. 

Among retail loans, auto loans grew the fastest at 42 percent, followed by credit cards at 27 percent, and home loans at 15 percent. Retail loans now account for 33 percent of total loans, up from 29 percent a year ago.

Net interest income rose 15 percent to ₱37.2 billion, with the net interest margin widening to 4.70 percent from 4.56 percent at the end of the second quarter.

Total non-interest income climbed 52 percent to ₱11.6 billion. Gains from service charges, fees, and commissions dipped slightly to ₱6.3 billion from ₱6.7 billion in 2024, due to a one-off bancassurance milestone fee in the first quarter last year. 

Excluding that milestone, service charges, fees, and commissions rose 20 percent, driven by credit cards, payment services, and capital market fees.