Security Bank Corporation (PSE:SECB)

Security Bank Income Statement

Financials in millions PHP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	55,299	49,164	39,134	30,060	28,382	34,437
Interest Income on Investments	16,492	13,642	9,961	6,695	4,522	5,916
Total Interest Income	71,791	62,806	49,095	36,755	32,903	40,353
Interest Paid on Deposits	6,792	6,893	8,195	5,043	2,941	5,186
Interest Paid on Borrowings	18,620	12,191	6,166	2,466	2,506	4,518
Total Interest Expense	25,411	19,084	14,361	7,509	5,447	9,703
Net Interest Income	46,380	43,722	34,734	29,246	27,456	30,650
Net Interest Income Growth (YoY)	14.09%	25.88%	18.76%	6.52%	-10.42%	14.18%
Income From Trading Activities	1,045	283.19	288.56	-25.87	1,092	11,105
Gain (Loss) on Sale of Assets	812.9	935.18	1,212	1,497	1,391	281.64
Gain (Loss) on Sale of Investments	-	-	-	4	66.03	3,186
Gain (Loss) on Sale of Equity Investments	123.64	1.87	179.57	147.36	81.35	-194.98
Other Non-Interest Income	12,474	9,992	6,545	8,767	6,724	5,346
Total Non-Interest Income	14,456	11,212	8,225	10,389	9,354	19,723
Non-Interest Income Growth (YoY)	96.80%	36.32%	-20.83%	11.06%	-52.57%	177.59%
Revenues Before Loan Losses	60,836	54,935	42,959	39,635	36,811	50,373
Provision for Loan Losses	8,412	6,654	4,666	2,634	5,281	26,383
Revenue	52,424	48,281	38,293	37,001	31,530	23,990
Revenue Growth (YoY)	25.97%	26.08%	3.49%	17.35%	31.43%	-19.43%
Salaries and Employee Benefits	12,108	10,839	8,913	7,539	6,922	6,404
Occupancy Expenses	3,095	2,854	2,223	2,189	2,292	2,097
Amortization of Goodwill & Intangibles	1,120	904.89	675.04	551.18	362.32	309.43
Selling, General & Administrative	4,612	4,581	2,914	1,836	595.97	685.57
Other Non-Interest Expense	15,537	13,484	10,986	10,465	10,644	9,936
Total Non-Interest Expense	36,473	32,663	25,711	22,581	20,817	19,432
EBT Excluding Unusual Items	15,951	15,618	12,582	14,420	10,713	4,558
Asset Writedown	30.08	43.84	-134.68	-207.06	15.15	-35.15
Legal Settlements	-421.58	-421.58	-388.09	-328.17	-466.91	-269.39
Pretax Income	15,560	15,240	12,059	13,885	10,262	4,253
Income Tax Expense	3,908	4,002	2,953	3,330	3,345	-3,179
Earnings From Continuing Operations	11,652	11,238	9,105	10,556	6,917	7,432
Net Income	11,652	11,238	9,105	10,556	6,917	7,432
Preferred Dividends & Other Adjustments	5.7	4.26	4.26	4.26	4.26	4.26
Net Income to Common	11,646	11,234	9,101	10,551	6,913	7,428
Net Income Growth	20.93%	23.43%	-13.74%	52.60%	-6.93%	-26.43%
Basic Shares Outstanding	754	754	754	754	754	754
Diluted Shares Outstanding	754	754	754	754	754	754
EPS (Basic)	15.46	14.91	12.08	14.00	9.17	9.86
EPS (Diluted)	15.46	14.91	12.08	14.00	9.17	9.86
EPS Growth	20.98%	23.44%	-13.74%	52.64%	-6.94%	-26.44%
Dividend Per Share	1.500	3.000	3.000	3.000	2.500	2.000
Dividend Growth	-50.00%	-	-	20.00%	25.00%	-
Effective Tax Rate	25.12%	26.26%	24.49%	23.98%	32.59%	-

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.