Security Bank Corp. (philippines) · PSE:SECB
Security Bank Corp. (philippines) — Security Bank — 9M 2022 Earnings Presentation
15 slides from Security Bank Corp. (philippines)'s earnings presentation, Nov 16, 2022
Slide 1: 9M-2022 and Q3-2022 Results Highlights
9M-2022 and Q3-2022 Results Highlights By: Sanjiv Vohra, President & CEO November 16, 2022
Slide 2: Total Revenues and Net Income
Total Revenues and Net Income Net Income ₱8.6 Billion 8.6 +77% 4.8 +₱3.7 B 9M-2021 9M-2022 Profit Before Tax Total Revenues ₱11.2 Billion 11.2 ₱29.4 27.5 Billion +7% 29.4 +47% +₱1.9 B 7.6 +3.6 B 9M-2021 9M-2022 9M-2021 9M-2022 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 ₱22.0 Billion 4.33% 22.0 20.5 +7% -4 bps +1.5B 4.37% 4.33% 9M-2021 9M-2022 9M-2021 9M-2022 3 Note: Numbers may not sum up due to rounding
Slide 4: Non-Interest Income
Non-Interest Income Total Non-Interest Income ₱7.4 Billion 7.0 7.4 +6% +₱0.4 B 3.2 3.9 1.1 3.6 2.7 (0.1) 9M-2021 9M-2022 Service Charges, Fees & Commissions Non-Interest Income - Others ₱3.9 Billion 3.9 ₱3.6 Billion 3.2 +22% 3.6 +32% +₱0.7 B 2.7 +₱0.9 B 9M-2021 9M-2022 9M-2021 9M-2022 4 Note: Number
Slide 5: Cost-to-Income Ratio and Operating Expense
Cost-to-Income Ratio and Operating Expense Cost-to-Income Ratio Operating Expense* 56.3% ₱16.6 Billion 57.3% 56.3% +5% 16.6 15.7 YoY growth +₱0.8 B +13% 5.8 Compensation and fringe benefits 5.1 -13% Taxes and licenses 2.5 2.2 9M-2021 9M-2022 +3% Depreciation and amortization 1.9 2.0 -7% Manpower Hea
Slide 6: Total Loans and Total Deposits
Total Loans and Total Deposits Total Loans* Total Deposits ₱484 Billion ₱583 Billion +12% +12% 583 522 YoY YoY 484 430 +₱53 B +₱61 B +12% 116 24% 339 58% +13% 103 24% 300 58% 327 76% +12% 368 76% 222 42% +10% 244 42% Sep. 30, 2021 Sep. 30, 2022 Sep. 30, 2021 Sep. 30, 2022 *Loans (net of allowance);
Slide 7: Asset Quality
Asset Quality Gross NPL Ratio and NPL Reserve Cover Allowance over Total Loans 3.25% 92% 94% 90% 3.49% 3.24% 3.25% 3.65% 3.28% 3.24% Mar. 31, 2022 Jun. 30, 2022 Sep. 30, 2022 Mar. 31, 2022 Jun. 30, 2022 Sep. 30, 2022 7
Slide 8: Provisions for Credit Losses
Provisions for Credit Losses Provisions for Credit Losses Provisions per Segment ₱1.6 Billion In Php millions 9M-2021 9M-2022 4.1 Retail 562 268 -60% Wholesale 4,659 92 -₱2.5 B Financial Markets (4) 1 Others (1,127) 1,264 Total 4,090 1,625 1.6 In Php millions Q2-2022 Q3-2022 Retail (376) 344 Wholesa
Slide 9: Balance Sheet and Key Financial Ratios
Balance Sheet and Key Financial Ratios Total Assets Total Liabilities ₱799 Billion 799 ₱675 Billion 675 699 574 61% 50% 62% 52% 16% 24% 36% 39% 23% 16% 1% 5% 5% 5% 4% 4% Sep. 30, 2021 Sep. 30, 2022 Sep. 30, 2021 Sep. 30, 2022 ROE and ROA CET 1 and Total CAR Return on Shareholders’ Equity (ROE) 9.16%
Slide 10: Quarterly Financial Highlights
Quarterly Financial Highlights Net Interest Income Net Interest Margin ₱7.6 Billion 4.20% 7.0 7.5 7.6 4.32% 4.37% 4.33% 4.36% 4.20% 6.9 7.0 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Q3-2022 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Q3-2022 Total Revenues Low-Cost Deposits ₱10.2 Billion 9.9 10.2 ₱339 Billion +3% +4% +0.
Slide 11: Quarterly Financial Highlights
Quarterly Financial Highlights Total Loans* Total Deposits ₱484 Billion ₱583 Billion +2% 569 QoQ 583 -1% +₱13 B 490 QoQ 484 -₱6 B 111 23% +5% 116 24% 339 58% 338 59% +0.4% 380 77% -3% 368 76% 232 41% +5% 244 42% Mar. 31, 2022 Sep. 30, 2022 Jun. 30, 2022 Sep. 30, 2022 *Loans (net of allowance); Gross
Slide 12: Quarterly Financial Highlights
Quarterly Financial Highlights Non-Interest Income Service Charges, Fees & Commissions ₱2.6 Billion ₱1.3 Billion 2.5 2.6 2.4 2.3 2.2 1.3 1.3 1.3 1.3 1.1 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Q3-2022 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Q3-2022 12
Slide 13: Quarterly Financial Highlights
Quarterly Financial Highlights Operating Expenses Provisions ₱5.8 Billion ₱1.2 Billion 5.4 5.5 5.5 5.8 5.3 1.6 1.2 1.2 0.3 0.1 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Q3-2022 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Q3-2022 Pre-Provision Operating Profit Net Income ₱4.4 Billion 4.7 4.4 ₱2.3 Billion 3.7 3.8 3.8 3.5 2
Slide 14: Summary
Summary 1. Total Loans Up +12% YoY, -1% QoQ. • Wholesale Loans Up +12% YoY, -3% QoQ • Retail Loans Up +12% YoY, +5% QoQ. 2. Quarterly Net Interest Margin: Down -16 bps QoQ, Down -12 bps YoY. 3. Non-Interest Income: Driven by Higher Service Charges, Fees and Commissions, Foreign Exchange Gains and Re
Slide 15: 9M-2022 and Q3-2022 Results Highlights
9M-2022 and Q3-2022 Results Highlights By: Sanjiv Vohra, President & CEO November 16, 2022