Security Bank Corp. (philippines) · PSE:SECB
Security Bank Corp. (philippines) — Security Bank — Q1 2023 Earnings Presentation
14 slides from Security Bank Corp. (philippines)'s earnings presentation, May 17, 2023
Slide 1: Q1-2023 Results Highlights
Q1-2023 Results Highlights By: Sanjiv Vohra, President & CEO May 17, 2023
Slide 2: Total Revenues and Net Income
Total Revenues and Net Income Net Income Total Revenues ₱2.4 Billion ₱9.8 Billion +6% -13% 9.3 9.8 +₱0.52 B 2.7 -₱0.36 B 2.4 Q1-2022 Q1-2023 Q1-2022 Q1-2023 2 Note: Numbers may not sum up due to rounding
Slide 3: Net Interest Income and Net Interest Margin
Net Interest Income and Net Interest Margin Net Interest Income Net Interest Margin ₱7.5 Billion 4.06% +7% -27 bps 7.5 4.33% 7.0 +₱0.49 B 4.06% Q1-2022 Q1-2023 Q1-2022 Q1-2023 3 Note: Numbers may not sum up due to rounding
Slide 4: Non-Interest Income
Non-Interest Income Total Non-Interest Income ₱2.3 Billion +2% 2.3 2.3 +₱0.04 B 1.3 1.3 0.0 1.0 1.0 (0.0) Q1-2022 Q1-2023 Service Charges, Fees & Commissions Non-Interest Income - Others ₱1.3 Billion +2% ₱1.0 Billion +₱0.02 B -3% 1.3 1.3 -₱0.03 B 1.0 1.0 Q1-2022 Q1-2023 Q1-2022 Q1-2023 4 Note: Numbe
Slide 5: Cost-to-Income Ratio and Operating Expense
Cost-to-Income Ratio and Operating Expense Cost-to-Income Ratio Operating Expense* 62.6% ₱6.1 Billion 59.0% 62.6% +12% 6.1 YoY growth 5.5 +₱0.66 B +9% Compensation and fringe benefits +14% 2.1 Taxes and licenses 1.9 +8% Q1-2022 Q1-2023 Depreciation and amortization 0.8 0.9 +30% Manpower Headcount**
Slide 6: Total Loans, Investment Securities and Deposits
Total Loans, Investment Securities and Deposits Total Loans* Loans & Investment in Corp. Bonds ₱489 Billion +5% YoY 489 ₱548 Billion 465 +11% +₱24 B YoY 548 126 26% 492 +₱56 B 107 23% +18% 59 27 +118% 358 +1% 363 77% 74% 465 +5% 489 Mar. 31, 2022 Mar. 31, 2023 Mar. 31, 2022 Mar. 31, 2023 *Loans (net
Slide 7: Asset Quality
Asset Quality Gross NPL Ratio and NPL Reserve Cover Allowance over Total Loans 101% 99% 3.19% 90% 3.49% 3.17% 3.19% 3.65% 2.95% 3.12% Mar. 31, 2022 Dec. 31, 2022 Mar. 31, 2023 Mar. 31, 2022 Dec. 31, 2022 Mar. 31, 2023 7
Slide 8: Provisions for Credit and Impairment Losses
Provisions for Credit and Impairment Losses Provisions for Credit and Impairment Losses Provisions per Segment ₱0.6 Billion In Php millions Retail Q1-2022 451 Q1-2023 937 +657% Wholesale (449) (388) Business Banking (151) 124 +₱0.5 B Financial Markets 0 1 0.6 Others 229 (68) Total 80 606 In Php mill
Slide 9: Balance Sheet and Key Financial Ratios
Balance Sheet and Key Financial Ratios Total Assets Loans & Investment Securities ₱794 Billion +12% 794 ₱686 Billion 707 +12% 686 +₱87 B 613 +₱73 B 62% 66% 489 465 25% 21% 149 197 13% 14% Mar. 31, 2022 Mar. 31, 2023 Mar. 31, 2022 Mar. 31, 2023 Total Liabilities CET 1 and Total CAR ROE and ROA ₱665 B
Slide 10: Quarterly Financial Highlights
Quarterly Financial Highlights Net Interest Income Net Interest Margin ₱7.5 Billion 4.06% 7.5 7.6 7.2 7.5 4.33% 4.36% 4.20% 7.0 3.92% 4.06% Q1-2022 Q2-2022 Q3-2022 Q4-2022 Q1-2023 Q1-2022 Q2-2022 Q3-2022 Q4-2022 Q1-2023 Total Revenues ₱9.8 Billion 9.9 10.2 10.2 9.8 9.3 Q1-2022 Q2-2022 Q3-2022 Q4-202
Slide 11: Quarterly Financial Highlights
Quarterly Financial Highlights Total Loans* Total Deposits ₱489 Billion ₱525 Billion -13% -3% 606 QoQ -₱81 B 503 QoQ 489 525 -₱14 B 121 24% +4% 126 26% 350 58% 326 62% -5% 381 76% 363 74% 256 42% 198 38% Dec. 31, 2022 Mar. 31, 2023 Dec. 31, 2022 Mar. 31, 2023 *Loans (net of allowance); Wholesale loa
Slide 12: Quarterly Financial Highlights
Quarterly Financial Highlights Operating Expenses Provisions ₱6.1 Billion 6.3 6.1 ₱0.6 Billion 5.5 5.8 5.3 1.2 1.2 0.6 0.3 0.1 Q1-2022 Q2-2022 Q3-2022 Q4-2022 Q1-2023 Q1-2022 Q2-2022 Q3-2022 Q4-2022 Q1-2023 Pre-Provision Operating Profit Net Income ₱3.7 Billion 4.7 4.4 ₱2.4 Billion 3.8 3.9 3.7 3.5 2
Slide 13: Summary
Summary 1. Net Interest Margin up Quarter-on-Quarter. 2. Loans & Investment in Corporate Bonds up +11% YoY. • Retail Loans up +18%; Wholesale Loans up +1%; Investment in Corporate Bonds up +118% 3. Non-Interest Income: Driven by Service Charges, Fees & Commissions, Recovery on Charged-off Assets, Pr
Slide 14: Q1-2023 Results Highlights
Q1-2023 Results Highlights By: Sanjiv Vohra, President & CEO May 17, 2023