13 slides from Security Bank Corp. (philippines)'s earnings presentation, Nov 15, 2023
Slide 1: 9M-2023 Results Highlights
9M-2023 Results Highlights By: Sanjiv Vohra, President & CEO November 15, 2023
Slide 2: Total Revenues and Net Income
Total Revenues and Net Income Net Income Total Revenues ₱7.6 Billion ₱31.2 Billion 8.6 -12% +6% 31.2 29.4 -₱1.0 B 7.6 +₱1.8 B 9M-2022 9M-2023 9M-2022 9M-2023 2 Note: Numbers may not sum up due to rounding
Slide 3: Net Interest Income and Non-Interest Income
Net Interest Income and Non-Interest Income Net Interest Income ₱24.7 Billion +12% 24.7 22.0 +₱2.7 B 9M-2022 9M-2023 Total Non-Interest Income Service Charges, Fees & Commissions ₱6.5 Billion 7.4 -13% ₱4.3 Billion 3.9 +10% 4.3 -₱0.9 B 6.5 +₱0.4 B 3.9 4.3 3.6 0.1 2.1 (0.1) 9M-2022 9M-2023 9M-2022 9M-
Slide 4: Cost-to-Income Ratio and Operating Expense
Cost-to-Income Ratio and Operating Expense Cost-to-Income Ratio Operating Expense* 60.7% ₱18.9 Billion 56.3% 60.7% +14% 18.9 16.6 +₱2.4 B YoY growth +12% Compensation and fringe benefits 6.4 5.8 +7% Taxes and licenses 2.4 +4% 9M-2022 9M-2023 Depreciation and amortization 2.2 2.0 0.3 +11% Occupancy c
Slide 5: Total Loans, Investment Securities and Deposits
Total Loans, Investment Securities and Deposits Total Loans* Loans & Investment in Corp. Bonds ₱502 Billion +4% YoY ₱563 Billion +4% 484 502 +₱18 B 541 YoY 563 +₱22 B 116 24% +22% 142 29% ** 57 60 +6% -3% 502 368 76% 361 71% 484 +4% Sep. 30, 2022 Sep. 30, 2023 Sep. 30, 2022 Sep. 30, 2023 *Loans (net
Slide 6: Asset Quality
Asset Quality Gross NPL Ratio and NPL Reserve Cover Allowance over Total Loans 100% 2.95% 94% 92% 3.25% 3.11% 2.95% 3.24% 3.06% 3.15% Sep. 30, 2022 Jun. 30, 2023 Sep. 30, 2023 Sep. 30, 2022 Jun. 30, 2023 Sep. 30, 2023 6
Slide 7: Provisions for Credit and Impairment Losses
Provisions for Credit and Impairment Losses Provisions for Credit and Impairment Losses Provisions per Segment ₱2.6 Billion In Php millions Retail 9M-2022 532 9M-2023 2,959 +61% Wholesale 121 (116) 2.6 Business Banking (265) 404 +₱1.0 B Financial Markets 2 (1) 1.6 Others 1,235 (625) Total 1,625 2,62
Slide 8: Balance Sheet and Key Financial Ratios
Balance Sheet and Key Financial Ratios Total Assets Loans & Investment Securities ₱815 Billion +2% 815 ₱718 Billion 799 +6% 718 +₱16 B 675 +₱43 B 61% 62% 484 502 24% 27% 191 216 16% 12% Sep. 30, 2022 Sep. 30, 2023 Sep. 30, 2022 Sep. 30, 2023 Total Liabilities CET 1 and Total CAR ROE and ROA ₱682 Bil
Slide 9: Quarterly Financial Highlights
Quarterly Financial Highlights Net Interest Income Net Interest Margin ₱9.0 Billion 8.3 9.0 4.86% 7.6 7.2 7.5 4.20% 3.92% 4.06% 4.58% 4.86% Q3-2022 Q4-2022 Q1-2023 Q2-2023 Q3-2023 Q3-2022 Q4-2022 Q1-2023 Q2-2023 Q3-2023 Total Revenues Operating Expenses* ₱10.6 Billion 10.8 10.6 ₱6.5 Billion 6.3 6.3
Slide 10: Quarterly Financial Highlights
Quarterly Financial Highlights Total Loans* Total Deposits ₱502 Billion ₱562 Billion +7% +4% QoQ 562 485 QoQ 502 525 +₱37 B +₱18 B 132 28% +7% 142 29% ** 333 59% 328 63% +1.4% 353 72% +3% 361 71% 196 37% +16% 229 41% Jun. 30, 2023 Sep. 30, 2023 Jun. 30, 2023 Sep. 30, 2023 *Loans (net of allowance);
Slide 11: Quarterly Financial Highlights
Quarterly Financial Highlights Service Charges Fees & Commissions Provisions for Credit & Impairment Losses ₱1.5 Billion ₱1.0 Billion 1.5 1.5 1.3 1.4 1.3 1.2 1.2 1.0 1.0 0.6 Q3-2022 Q4-2022 Q1-2023 Q2-2023 Q3-2023 Q3-2022 Q4-2022 Q1-2023 Q2-2023 Q3-2023 Pre-Provision Operating Profit Net Income ₱4.1
Slide 12: Summary
Summary 1. Retail & MSME Loans up +22% YoY, +7% QoQ. Wholesale Loans up +3% QoQ; Corporates +5% QoQ. 2. Net Interest Margin up +28 bps QoQ and +66 bps YoY. 3. Service Charges, Fees & Commissions up +10% YoY. 4. 9M23 Credit Cost in line with earlier guidance. 5. Capital Ratios continue to be high wit
Slide 13: 9M-2023 Results Highlights
9M-2023 Results Highlights By: Sanjiv Vohra, President & CEO November 15, 2023