Loan growth helped boost Security Bank Corp.’s revenues in the first nine months of 2025, with net profit rising by 7 percent on an annual basis to P9.1 billion.

In a disclosure with the Philippine Stock Exchange (PSE) Friday, the bank said total revenues as of end-September jumped 22 percent to P48.8 billion.

Net loans rose 8 percent to P672 billion, driven by retail loans after they rose 24 percent.

Among the retail loans, auto loans posted the biggest increase at 42 percent, followed by credit cards, 27 percent, and home loans, 15 percent.

“On a sequential basis, retail loans were up 2.5 percent quarter on quarter. Retail loans account for 33 percent of total loans, up from 29 percent a year ago,” it said.

Net interest income inched up 15 percent to P37.2 billion, with net interest margin widening to 4.70 percent from 4.56 percent by the end of the first half of the year.

Total non-interest income also went up, expanding 52 percent on an annual basis to P11.6 billion.

Gains from service charges, fees, and commissions decreased to P6.3 billion, from the previous year’s P6.7 billion, “due to the one-off bancassurance milestone fee in the first quarter of 2024.”

“Excluding the milestone fee, 9M-2025 service charges, fees, and commissions increased 20 percent year on year, led by credit cards, payment services, and capital market fees,” it added.

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