13 slides from Security Bank Corp. (philippines)'s earnings presentation, May 20, 2025
Slide 1: Q1-2025 Results Highlights
Q1-2025 Results Highlights By: Sanjiv Vohra, President & CEO May 20, 2025
Slide 2: Revenues and Net Income
Revenues and Net Income Revenues Net Income ₱15.4 Billion ₱2.8 Billion +23% +7% +₱2.9 B +₱0.2 B 15.4 12.5 2.8 2.6 Q1-2024 Q1-2025 Q1-2024 Q1-2025 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 ₱11.9 Billion +11% 11.9 10.7 +1.2 B Q1-2024 Q1-2025 Total Non-Interest Income Service Charges, Fees & Commissions ₱3.5 Billion +101% ₱2.2 Billion -30% 3.5 +₱1.8 B 3.1 -₱0.9 B 2.2 1.8 Q1-2024 Q1-2025 Q1-2024 Q1-2025 3 Note: Numbers may n
Slide 4: Cost-to-Income Ratio and Operating Expense
Cost-to-Income Ratio and Operating Expense Cost-to-Income Ratio Operating Expense* 60.6% ₱9.3 Billion 60.7% 60.6% +23% 9.3 7.6 +₱1.8 B YoY growth 3.3 +29% Compensation and fringe benefits 2.6 +14% Taxes and licenses 1.2 +30% Q1-2024 Q1-2025 Depreciation and amortization 1.0 1.0 +9% Occupancy costs M
Slide 5: Total Loans, Investment Securities and Deposits
Total Loans, Investment Securities and Deposits Total Loans* Loans & Investment in Corp. Bonds ₱646 Billion +18% YoY 646 ₱708 Billion +17% 708 545 +₱101 B 604 YoY +35% 206 33% +₱103 B 62 153 28% 59 14 3% +55% 21 3% 545 646 379 69% +11% 418 64% Mar. 31, 2024 Mar. 31, 2025 Mar. 31, 2024 Mar. 31, 2025
Slide 6: Asset Quality
Asset Quality Gross NPL Ratio and NPL Reserve Cover Allowance over Total Loans 2.52% 81% 81% 79% * 2.80% 2.34% 2.52% 3.41% 2.85% 3.10% Mar. 31, 2024 Dec. 31, 2024 Mar. 31, 2025 Mar. 31, 2024 Dec. 31, 2024 Mar. 31, 2025 *Gross NPL Ratio (conso) 6
Slide 7: Provisions for Credit and Impairment Losses
Provisions for Credit and Impairment Losses Provisions for Credit and Impairment Losses Provisions per Segment ₱2.4 Billion In Php millions Retail Q1-2024 1,317 Q1-2025 2,004 Wholesale 184 237 2.4 Business Banking (65) 156 Financial Markets 0 0 Others 91 (19) 1.5 Total 1,527 2,378 In Php millions Q4
Slide 8: Balance Sheet and Key Financial Ratios
Balance Sheet and Key Financial Ratios Total Assets Loans & Investment Securities ₱1.11 Trillion +25% ₱982 Billion 1,111 +24% 982 +₱224 B 887 789 +₱193 B 58% 646 61% 545 30% 27% 336 243 11% 12% Mar. 31, 2024 Mar. 31, 2025 Mar. 31, 2024 Mar. 31, 2025 Total Liabilities CET 1 and Total CAR ROE and ROA
Slide 9: Quarterly Financial Highlights
Quarterly Financial Highlights Total Revenues Operating Expenses* ₱15.4 Billion 14.4 14.9 15.4 ₱9.3 Billion 8.5 9.5 9.3 12.5 13.2 7.6 7.4 Q1-2024 Q2-2024 Q3-2024 Q4-2024 Q1-2025 Q1-2024 Q2-2024 Q3-2024 Q4-2024 Q1-2025 Net Interest Income Net Interest Margin ₱11.9 Billion 11.9 4.51% 10.7 10.9 10.7 11
Slide 10: Quarterly Financial Highlights
Quarterly Financial Highlights Total Loans* Total Deposits ₱646 Billion ₱841 Billion +5% 678 -5% 646 801 QoQ 841 QoQ +₱40 B -₱32 B 195 29% +6% 206 33% +1% 422 50% 20 +10% 3% 420 52% 3% 21 463 68% -10% 418 64% 381 48% +10% 419 50% Dec. 31, 2024 Mar. 31, 2025 Dec. 31, 2024 Mar. 31, 2025 *Loans (net of
Slide 11: Quarterly Financial Highlights
Quarterly Financial Highlights Service Charges Fees & Commissions Provisions for Credit & Impairment Losses ₱2.23.1Billion ₱2.4 Billion 2.4 2.2 1.8 1.8 2.2 1.5 1.5 1.8 1.8 Q1-2024 Q2-2024 Q3-2024 Q4-2024 Q1-2025 Q1-2024 Q2-2024 Q3-2024 Q4-2024 Q1-2025 Pre-Provision Operating Profit Net Income ₱6.1 B
Slide 12: Summary
Summary 1. Q1-2025 Results: • Loans: Retail & MSME: +37% YoY / Wholesale: +11% YoY • CASA: +19% YoY / Total Deposits: +32% YoY • CET1 Ratio up QoQ to 13.2% • PPOP up +24% YoY and +13% QoQ • Provisions up YoY and QoQ 2. 2025: Profitable Growth • Ambition: 10% ROE 3. 2025: Strategic Initiatives: • Dig
Slide 13: Q1-2025 Results Highlights
Q1-2025 Results Highlights By: Sanjiv Vohra, President & CEO May 20, 2025