Security Bank Corp. (philippines) · PSE:SECB

Security Bank Corp. (philippines) — Security Bank — Q1 2026 Earnings Presentation

24 slides from Security Bank Corp. (philippines)'s earnings presentation, May 14, 2026

  1. Slide 1: 1st Quarter 2026 Results

    1st Quarter 2026 Results Thursday | 14 May 2026

  2. Slide 2: Highlights of Q1 2026

    Highlights of Q1 2026 Core NIAT of PHP3.3 billion (excluding trading losses), equivalent to 01 annualized ROE of a little above 8% 02 Operating expense growth decelerated to 2% YoY Collections improved, with recoveries on charged-off assets up 34% YoY 03 and 11% QoQ 04 Net income contribution from H

  3. Slide 3: 1st Quarter 2026 Performance Highlights

    1st Quarter 2026 Performance Highlights Total Revenues Cost-to-Income Ratio (%) and Operating Expense* ₱17.0 bn +10% YoY *Excluding Provisions for Credit and Impairment Losses Note: FY25 CIR = 58.75% -6% QoQ ₱18.1bn 60.59% 60.49% ₱17.0bn 55.89% ₱11.0bn ₱15.4bn +2% YoY ₱9.5bn - 13% QoQ ₱9.3bn 2025 1Q

  4. Slide 4: 1st Quarter 2026 Performance Highlights

    1st Quarter 2026 Performance Highlights Pre-Provision Operating Profit Net Income ₱7.5 bn ₱2.7 bn +24% YoY - 4% YoY +5% QoQ +6% QoQ ₱7.5bn ₱7.2bn ₱6.1bn ₱2.8bn ₱2.7bn ₱2.6bn 2025 1Q 2025 4Q 2026 1Q 2025 1Q 2025 4Q 2026 1Q 4 Note: Numbers may not sum up due to rounding

  5. Slide 5: Net Interest Income and NIM

    Net Interest Income and NIM Net Interest Income Pro Forma Net Interest Margin* ₱15.2 bn +28% YoY 4.77% +30 bps YoY +14% QoQ -12 bps QoQ ₱15.2bn ₱13.3bn 4.89% ₱11.9bn 4.77% 4.47% 2025 1Q 2025 4Q 2026 1Q 2025 1Q 2025 4Q 2026 1Q *For like-for-like comparison, Pro Forma NIM differs from published NIM in

  6. Slide 6: Non-Interest Income

    Non-Interest Income Non-Interest Income Service Charges, Fees & Commissions ₱1.9 bn ₱2.1 bn -47% YoY -4% YoY -62% QoQ -18% QoQ ₱2.5bn ₱2.2bn ₱2.1bn ₱4.9bn ₱3.5bn ₱1.9bn 2025 1Q 2025 4Q 2026 1Q 2025 1Q 2025 4Q 2026 1Q 6 Note: Numbers may not sum up due to rounding

  7. Slide 7: Cost-to-Income Ratio and Operating Expense

    Cost-to-Income Ratio and Operating Expense Operating Expense* ₱9.5bn Cost-to-Income Ratio (%) 55.89% *Excluding Provisions for Credit and Impairment Losses 60.59% ₱9.3bn ₱9.5bn 55.89% + 2% YoY ₱3.7bn ₱3.6bn 2025 1Q 2026 1Q ₱0.1bn ₱0.1bn Manpower Headcount** **Manpower Headcount excluding SB Finance

  8. Slide 8: Total Loans

    Total Loans Total Loans* ₱679.4 bn + 5% YoY - 2% QoQ ₱696.6bn ₱679.4bn ₱646.0bn Retail Retail Retail ₱223.0bn ₱220.2bn ₱206.5bn MSME MSME MSME ₱27.6bn ₱28.1bn ₱21.5bn Wholesale Wholesale Wholesale ₱418.1bn ₱446.0bn ₱431.1bn Retail: 32% Retail: 32% Retail: 33% MSME: 3% MSME: 4% MSME: 4% Wholesale: 65

  9. Slide 9: Investment Securities

    Investment Securities Investment Securities ₱370.4 bn + 10% YoY + 5% QoQ ₱370.4bn ₱353.9bn ₱335.6bn HFT HFT ₱30.8bn HFT ₱37.9bn ₱20.6bn HTC HTC HTC ₱171.5bn ₱142.3bn ₱158.4bn FVOCI FVOCI ₱172.7bn FVOCI ₱168.1bn ₱157.7bn HTC: 42% HTC: 45% HTC: 46% FVOCI: 52% FVOCI: 44% FVOCI: 46% HFT: 6% HFT: 11% HFT

  10. Slide 10: Total Deposits

    Total Deposits Total Deposits ₱938.0 bn + 12% YoY + 1% QoQ ₱930.5bn ₱938.0bn ₱841.1bn CASA CASA CASA ₱459.3bn ₱478.0bn ₱422.2bn Casa Ratio: 49% Casa Ratio: 51% Casa Ratio: 50% TD & LTNCD TD & LTNCD TD & LTNCD ₱471.2bn ₱460.0bn ₱418.8bn 2025 1Q 2025 4Q 2026 1Q TD & LTNCD CASA Total Note: Numbers may

  11. Slide 11: Asset Quality

    Asset Quality Gross NPL Ratio (%) NPL Reserve Cover (%) 86% 81% 79% 3.08% 3.10% 2.89% 2025 1Q 2025 4Q 2026 1Q 2025 1Q 2025 4Q 2026 1Q 11 Note: Numbers may not sum up due to rounding

  12. Slide 12: Provisions for Credit and Impairment Losses

    Provisions for Credit and Impairment Losses​ Provisions Per Segment PROVISIONS FOR CREDIT AND IMPAIRMENT LOSSES​ In Php millions​ 2025 1Q 2026 1Q ₱3.9bn + 63% YoY Retail​ 2,004 2,932 - 6% QoQ Wholesale​ 237 909 ₱4.1bn Business Banking​ 156 49 ₱3.9bn Financial Markets​ 0 2 Others​ (19) (12) Total 2,3

  13. Slide 13: Balance Sheet

    Balance Sheet Total Assets Total Liabilities Key Financial Ratios ₱1.22 tn ₱1.07 tn ₱1.22tn ₱1.07tn 7.03% 0.9% Return on Equity Return on Assets (ROE %) (ROA %) ₱1.11tn + 10% ₱967.3bn + 10% YoY YoY CASA ₱478.0bn 12.24% 13.09% Loans CASA ₱679.4bn ₱422.2bn Loans ₱646.0bn CET1 (%) CAR (%) Notes & Bonds

  14. Slide 14: Our 2026 Priorities

    Our 2026 Priorities 01 Improve Cost-to-income Ratio to 55%–58% range 02 Maintain CET 1 ratio within the 12.5% - 13% range amid macro volatility Focus growth on higher-quality loans and earning assets with better 03 returns 04 Maintaining our credit cost guidance at 190 bps Rollout Corporate, MSME, a

  15. Slide 15: Q&A

    Victor Lee President and Chief Executive Officer Allen Reyes SVP, Chief Financial Officer Piluchi De Guzman EVP, Chief Risk Officer Q&A Jim Yap EVP, Head of Financial Markets & Wealth Segment

  16. Slide 16: Quarterly Financial Highlights

    Quarterly Financial Highlights Total Revenues Operating Expenses* *Excluding Provisions for Credit and Impairment Losses ₱18.1bn ₱11.0bn ₱17.2bn ₱17.0bn ₱16.1bn -6% QoQ ₱15.4bn ₱9.5bn ₱9.5bn ₱9.5bn ₱9.3bn -13% QoQ 2025 1Q 2025 2Q 2025 3Q 2025 4Q 2026 1Q 2025 1Q 2025 2Q 2025 3Q 2025 4Q 2026 1Q Note:

  17. Slide 17: Quarterly Financial Highlights

    Quarterly Financial Highlights Cost-to-Income Ratio (%) Pre-Provision Operating Profit 60.59% 60.49% ₱7.7bn ₱7.5bn ₱7.2bn 58.64% ₱6.7bn ₱6.1bn + 5% QoQ 55.89% 55.40% - 459 bps QoQ 2025 1Q 2025 2Q 2025 3Q 2025 4Q 2026 1Q 2025 1Q 2025 2Q 2025 3Q 2025 4Q 2026 1Q Note: Numbers may not sum up due to roun

  18. Slide 18: Quarterly Financial Highlights

    Quarterly Financial Highlights Net Interest Income Pro-Forma NIM* *For like-for-like comparison, Pro Forma NIM differs from published NIM in Q1 17QFS. ₱15.2bn 4.89% ₱12.9bn ₱13.3bn ₱12.4bn 4.83% ₱11.9bn +14% QoQ 4.77% 4.66% -12 bps QoQ 4.47% 2025 1Q 2025 2Q 2025 3Q 2025 4Q 2026 1Q 2025 1Q 2025 2Q 20

  19. Slide 19: Quarterly Financial Highlights

    Quarterly Financial Highlights Non-Interest Income Service Charges, Fees and Commissions ₱4.9bn ₱2.5bn ₱4.3bn ₱2.2bn ₱2.1bn ₱2.1bn ₱2.1bn ₱3.7bn ₱3.5bn -18% QoQ ₱1.9bn - 62% QoQ 2025 1Q 2025 2Q 2025 3Q 2025 4Q 2026 1Q 2025 1Q 2025 2Q 2025 3Q 2025 4Q 2026 1Q Note: Numbers may not sum up due to roundi

  20. Slide 20: Quarterly Financial Highlights

    Quarterly Financial Highlights Provisions for Credit & Impairment Losses Net Income ₱4.1bn ₱3.2bn ₱3.9bn ₱3.0bn ₱2.8bn ₱3.6bn ₱2.7bn ₱2.6bn - 6% QoQ ₱2.7bn +6% ₱2.4bn QoQ 2025 1Q 2025 2Q 2025 3Q 2025 4Q 2026 1Q 2025 1Q 2025 2Q 2025 3Q 2025 4Q 2026 1Q Note: Numbers may not sum up due to rounding 20

  21. Slide 21: Q1 2026 Analysts' Briefing Documentation

    May 14, 2026 Q1 2026 Analysts' Briefing Documentation

  22. Slide 22: 1st Quarter 2026 Results

    75 YEARS © SECURITY BANK 1st Quarter 2026 Results Thursday | 14 May 2026

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Security Bank — Q1 2026 Earnings Presentation on 6ix