Security Bank’s net income up 23% to $194m on higher interest income

Interest income rose 27.9% in 2024.

Security Bank has reported a net income of $194.45m (PHP11.24b) for 2024, a 23% rise from a year earlier, its latest financial filing showed.

Earnings per share is PHP14.91, higher than the PHP12.08 paid out in 2023 and PHP14.00 in 2022.

Interest income hit $1.09b (PHP62.81b), whilst net interest income was over $756.18m (PHP43.72b). Interest income is 27.9% year-on-year (YoY) higher.

Operating expenses were $572.28m (PHP33.08b).

Other income is $193.93m (PHP11.21b).

Its non-performing loan (NPL) ratio is 1.28% in 2024, lower than the 1.37% in 2023.

Return on average equity is 8.11%. Net interest margin is 4.73%.

(US$1 = PHP57.80; as of 4 March 2025, Google)

Follow the link for more news on

Security Bank

Also Read

Philippine central bank eyes AI rules for banks

Westpac appoints Kate Dee as chief people officer

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit