View Financial HealthSecurity Bank 배당 및 자사주 매입배당 기준 점검 4/6Security Bank 수익으로 충분히 충당되는 현재 수익률 4.51% 보유한 배당금 지급 회사입니다.핵심 정보4.5%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률4.5%배당 성장률8.8%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향20%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • Apr 15Upcoming dividend of ₱1.50 per shareEligible shareholders must have bought the stock before 22 April 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Filipino dividend payers (6.4%). In line with average of industry peers (4.6%).Declared Dividend • Oct 30First half dividend of ₱1.50 announcedDividend of ₱1.50 is the same as last year. Ex-date: 11th November 2025 Payment date: 26th November 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (10% payout ratio) and is expected to be well covered in 3 years' time (15% forecast payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Declared Dividend • Mar 28Final dividend of ₱1.50 announcedDividend of ₱1.50 is the same as last year. Ex-date: 8th April 2025 Payment date: 28th April 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (23% payout ratio) and is expected to be well covered in 3 years' time (14% forecast payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Mar 26Security Bank Corporation Announces Regular Cash Dividend, Payable on April 28, 2025Security Bank Corporation announces regular cash dividend of PHP 1.50 per share, payable on April 28, 2025. Record date is April 10, 2025. The dividend is from retained Earnings as of December 31, 2024.Declared Dividend • Oct 31First half dividend of ₱1.50 announcedDividend of ₱1.50 is the same as last year. Ex-date: 12th November 2024 Payment date: 27th November 2024 Dividend yield will be 3.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (12% payout ratio) and is expected to be well covered in 3 years' time (19% forecast payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Oct 29Security Bank Corporation Approves Regular Semestral Cash Dividend on Common Shares, Payable on November 27, 2024Security Bank Corporation announced that its Board of Directors at their meeting held on October 29, 2024, approved Cash Dividend Declaration of PHP 1.50 per Common Share, representing regular semestral cash dividend. The record date for the company's PHP 1.50 per share cash dividend is on November 13, 2024, while the payment date falls on November 27, 2024.모든 업데이트 보기Recent updatesReported Earnings • May 15First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: ₱3.59 (down from ₱3.74 in 1Q 2025). Revenue: ₱13.1b (flat on 1Q 2025). Net income: ₱2.70b (down 4.1% from 1Q 2025). Profit margin: 21% (down from 22% in 1Q 2025). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 7.7%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Recent Insider Transactions • Apr 22President recently bought ₱14m worth of stockOn the 17th of April, Meng Teck Lee bought around 209k shares on-market at roughly ₱68.16 per share. This transaction increased Meng Teck's direct individual holding by 20938x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Meng Teck's only on-market trade for the last 12 months.Upcoming Dividend • Apr 15Upcoming dividend of ₱1.50 per shareEligible shareholders must have bought the stock before 22 April 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Filipino dividend payers (6.4%). In line with average of industry peers (4.6%).공시 • Mar 25Security Bank Corporation Announces Demise of Independent Director Napoleon L. NazarenoSecurity Bank Corporation disclosed the untimely passing of Mr. Napoleon L. Nazareno, a member of the Board of Directors of Security Bank Corporation since 2017. Mr. Nazareno brought deep industry expertise and seasoned leadership to the Board, shaped by a distinguished career that included serving as President and Chief Executive Officer of PLDT and Smart. His experience across telecommunications and technology, along with his role as an independent director in the Bank and other organizations, gave him a broad and valuable perspective. The effective date of cessation of term is March 23, 2026, due to death.내러티브 업데이트 • Mar 21undervaluePSE:SECB Valuation Data (2025 Audit) MT FAIR VALUE=221 P/E Ratio: 4.44x (Based on current price of ₱68.40) BOOK VALUE 2025: ₱204.67 / BOOK VALUE 2024: ₱187.31 9M2025 EPS: ₱12.08 / 9M2024 EPS: ₱11.29 2025 EPS: ₱16.02 / 2024 EPS: ₱14.91 2025 4Q EPS: ₱3.94 (Lower QoQ due to ₱4.1B in credit provisions) Metric 2024 Value 2025 Value YoY Change (Value) YoY Change (%) Net Income ₱11.24B ₱11.63B +₱0.39B +3.5% Earnings Per Share ₱14.91 ₱15.42 +₱0.51 +3.4% YoY Earnings Value & Percentage: Security Bank added ₱390 million to its bottom line in 2025, a 3.5% increase. While total revenues surged 22% (reaching ₱66.9B), net income growth was moderated by a strategic decision to increase credit provisioning to ₱8.6B for the year to strengthen balance sheet resilienReported Earnings • Mar 03Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: ₱15.42 (up from ₱14.91 in FY 2024). Revenue: ₱54.4b (up 13% from FY 2024). Net income: ₱11.6b (up 3.5% from FY 2024). Profit margin: 21% (down from 23% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 2.7%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.공시 • Feb 20Security Bank Corporation Announces Resignation of Jiri Matousek as Senior Vice President/Retail Transformation Head, Effective February 21, 2026Security Bank Corporation announced the resignation of Mr. Jiri Matousek as Senior Vice President/Retail Transformation Head, effective February 21, 2026. The resignation was voluntary due to personal reason/for business.공시 • Feb 02Security Bank Corporation Announces Executive Changes, Effective February 1, 2026Security Bank Corporation announced the resignation of Dennis M. Tangonan as Senior Vice President/Chief Information Officer, effective February 1, 2026. Dennis M. Tangonan resigned voluntarily for personal reasons. Security Bank Corporation also announced the promotion of Nigel P. Uy to First Vice President/Chief Information Officer, with the change approved on January 27, 2026, and effective February 1, 2026.공시 • Jan 27+ 1 more updateSecurity Bank Corporation, Annual General Meeting, Apr 28, 2026Security Bank Corporation, Annual General Meeting, Apr 28, 2026, at 09:00 W. Australia Standard Time.공시 • Jan 02+ 1 more updateSecurity Bank Corporation Announces CEO Changes, Effective January 5, 2026Security Bank Corporation announced the appointment and election of Victor Lee Meng Teck as CEO, effective January 5, 2026. He will succeed Sanjiv Vohra, who is resigning as CEO and will become Senior Advisor to the Board for personal reasons. The resignation is effective January 5, 2026.Reported Earnings • Nov 15Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ₱4.26 (up from ₱3.99 in 3Q 2024). Revenue: ₱13.7b (up 8.8% from 3Q 2024). Net income: ₱3.21b (up 6.8% from 3Q 2024). Profit margin: 24% (in line with 3Q 2024). Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 6.8%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Nov 07Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.7% to ₱70.15. The fair value is estimated to be ₱88.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 3.5%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 30% in the next 2 years.Declared Dividend • Oct 30First half dividend of ₱1.50 announcedDividend of ₱1.50 is the same as last year. Ex-date: 11th November 2025 Payment date: 26th November 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (10% payout ratio) and is expected to be well covered in 3 years' time (15% forecast payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Recent Insider Transactions • Oct 01Insider recently bought ₱1.8m worth of stockOn the 25th of September, John David G. Yap bought around 25k shares on-market at roughly ₱70.80 per share. This transaction amounted to 9.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱7.0m more in shares than they have sold in the last 12 months.Buy Or Sell Opportunity • Sep 15Now 20% undervaluedOver the last 90 days, the stock has risen 16% to ₱73.55. The fair value is estimated to be ₱92.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 3.5%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 32% in the next 2 years.Buy Or Sell Opportunity • Aug 29Now 20% undervaluedOver the last 90 days, the stock has risen 17% to ₱74.95. The fair value is estimated to be ₱94.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 3.5%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 32% in the next 2 years.Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ₱4.03 (up from ₱3.74 in 2Q 2024). Revenue: ₱13.5b (up 18% from 2Q 2024). Net income: ₱3.04b (up 7.9% from 2Q 2024). Profit margin: 23% (down from 25% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Recent Insider Transactions • Aug 01Insider recently sold ₱321k worth of stockOn the 25th of July, Maria Carmencita Lopez sold around 4k shares on-market at roughly ₱74.68 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₱8.2m more than they sold in the last 12 months.공시 • Jul 02Security Bank Corporation Announces Board ChangesSecurity Bank Corporation announced the resignation of Atty. Grace S. Ayson as First Vice President /Assistant Corporate Secretary, Effective Date of Resignation is on July 1, 2025, due to Personal reasons. promotion of Pamela S. Edejer from First Vice President /Assets Business Division Head to Senior Vice President /Assets Business Division Head, Effective Date of Change on July 1, 2025. John David G. Yap from Senior Vice President /Business Banking Segment Head to Executive Vice President /Business Banking Segment Head, Effective Date of Change on July 1, 2025 Price Edward C. Yap Senior Vice President /Financial Markets Segment Head Executive Vice President /Financial Markets Segment Head, Effective Date of Change on July 1, 2025 Atty. Joseph Anthony Lopez First Vice President /Deputy Head of Legal First Vice President /Deputy Head of Legal /Assistant Corporate Secretary, Effective Date of Change on July 1, 2025 .공시 • Jun 26Security Bank Corporation Announces Executives Changes, Effective July 1, 2025Security Bank Corporation Board of Directors, in its meeting held June 24, 2025, approved Promotions of Pamela S. Edejer From First Vice President /Assets Business Division Head To Senior Vice President /Assets Business Division Head, John David G. Yap From Senior Vice President /Business Banking Segment Head To Executive Vice President /Business Banking Segment Head and Price Edward C. Yap From Senior Vice President /Financial Markets Segment Head To Executive Vice President /Financial Markets Segment Head, effective July 1, 2025. Also considered change in designation of Atty. Joseph Anthony Lopez from First Vice President /Deputy Head of Legal to First Vice President /Deputy Head of Legal /Assistant Corporate Secretary, effective July 1, 2025. The company announced resignation of Atty. Grace S. Ayson effective July 1, 2025 as First Vice President and Assistant Corporate Secretary due to personal reason.Reported Earnings • May 16First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: ₱3.74 (up from ₱3.49 in 1Q 2024). Revenue: ₱13.1b (up 19% from 1Q 2024). Net income: ₱2.82b (up 7.3% from 1Q 2024). Profit margin: 22% (down from 24% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.공시 • May 02Security Bank Corporation (PSE:SECB) completed the acquisition of 25% stake in HC Consumer Finance Philippines, Inc. from MUFG Bank, Ltd. for PHP 10.4 billion.Security Bank Corporation (PSE:SECB) agreed to acquire 25% stake in HC Consumer Finance Philippines, Inc. from MUFG Bank, Ltd. for approximately PHP 11 billion on November 29, 2024. A cash consideration of approximately PHP 11 billion will be paid by Security Bank Corporation. As part of consideration, approximately PHP 11 billion is paid towards common equity of HC Consumer Finance Philippines, Inc. The transaction is subject to approval by regulatory board / committee and approval of offer by acquirer board. The deal has been approved by the board. The expected completion of the transaction is in the first quarter of 2025. Alphaprimus Advisors Inc. acted as financial advisor for Security Bank Corporation. Picazo Buyco Tan Fider & Santos acted as legal advisor for Security Bank Corporation. Security Bank Corporation (PSE:SECB) completed the acquisition of 25% stake in HC Consumer Finance Philippines, Inc. from MUFG Bank, Ltd. for PHP 10.4 billion on May 2, 2025. An adjustment amount to be computed and paid within 90 days will be based on the change in net asset value of HC Consumer Finance Philippines, Inc. from 31 December 2023 to 30 April 2025. The acquisition has received clearance from the Bangko Sentral ng Pilipinas.Declared Dividend • Mar 28Final dividend of ₱1.50 announcedDividend of ₱1.50 is the same as last year. Ex-date: 8th April 2025 Payment date: 28th April 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (23% payout ratio) and is expected to be well covered in 3 years' time (14% forecast payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Mar 26Security Bank Corporation Announces Regular Cash Dividend, Payable on April 28, 2025Security Bank Corporation announces regular cash dividend of PHP 1.50 per share, payable on April 28, 2025. Record date is April 10, 2025. The dividend is from retained Earnings as of December 31, 2024.공시 • Mar 25Security Bank Corporation Announces Executive ChangesSecurity Bank Corporation announced the resignation of Juichi Umeno as Executive Vice President /Alliance Segment Head, effective Apr. 29, 2025. Reason for resignation: Re-assignment. The company also announced the appointment of Yuko Fujiwara as Senior Vice President /MUFG Business Development Head. Date of Appointment is March 25, 2025. The company announced the Promotion of Hirofumi Umeno From Senior Vice President /MUFG Business Development Head to Executive Vice President /Alliance Segment Head. Effective Date of Change is April 29, 2025. Mr. Fujiwara's qualification and business experience includes the following: MUFG Bank Ltd. (1999 2025); 2024 - 2025 - Managing Director - Global Commercial Banking Planning Division; 2022 - 2024 - Managing Director -Transaction Banking for the Americas; 2019 - 2022 - Managing Director - Japanese Corporate Banking Division for the Americas; 2016 - 2019 - Director - Global Corporate Banking Division for EMEA; 2013 - 2016 - Senior Manager - M & A Finance Office; 2012 - 2013 - Manager - Corporate Strategic Research Office; 2007 - 2012 - Manager - Hong Kong Branch; 2025 - 2007 - Manager - Syndicated Finance Division; 2001 - 2005 - Structured Finance Division; 1999 - 2001 - Nihombashi Branch.Reported Earnings • Mar 04Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: ₱14.91 (up from ₱12.08 in FY 2023). Revenue: ₱48.3b (up 26% from FY 2023). Net income: ₱11.2b (up 24% from FY 2023). Profit margin: 23% (in line with FY 2023). Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.공시 • Feb 25Security Bank Corporation Announces Change in Designation of Senior Officers, Effective March 1, 2025Security Bank Corporation announced Change in Designation of Senior Officers Effective March 1, 2025. Juan Alfredo Mestas Jara: From: Senior Vice President /Strategy, Architecture, and Platform Head. To: Senior Vice President /Strategy, Innovation, Architecture and Platform Head. Date of Approval: February 25, 2025. Effective Date of Change: March 01, 2025. Prakash S. Mahajan: FROM: Senior Vice President /Corporate & FMS CTO. To: Senior Vice President / Corporate, FMS & MSME CTO. Date of Approval: February 25, 2025. Effective Date of Change: March 01, 2025.공시 • Feb 12Security Bank Corporation Announces Retirement of Ricardo G. Torres as Senior Vice President / Special Projects HeadSecurity Bank Corporation announced retirement of Ricardo G. Torres as Senior Vice President /Special Projects Head effective December 31, 2024.Recent Insider Transactions • Feb 01Insider recently bought ₱4.1m worth of stockOn the 28th of January, John David G. Yap bought around 55k shares on-market at roughly ₱73.91 per share. This transaction increased John David G. Yap's direct individual holding by 92x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱8.5m more in shares than they have sold in the last 12 months.공시 • Jan 28Security Bank Corporation, Annual General Meeting, Apr 29, 2025Security Bank Corporation, Annual General Meeting, Apr 29, 2025, at 09:00 W. Australia Standard Time.공시 • Jan 21Security Bank Corporation Announces change in designation of Price Edward C. Yap to Senior Vice President / OIC Financial Markets Segment Head, Effective February 1, 2025Security Bank Corporation informed that the Executive Committee as delegated by the Board of Directors of Security Bank Corporation confirmed the approval by the Nominations and Remuneration Committee to change the designation of Mr. Price Edward C. Yap, from Senior Vice President /Treasury Sales Head to Senior Vice President /OIC Financial Markets Segment Head, effective February 1, 2025.공시 • Jan 17Security Bank Corporation Announces Resignation of Arnold Q. Bengco as Executive Vice President and Financial Markets Segment Head, Effective from February 1, 2025Security Bank Corporation announced resignation of Arnold Q. Bengco as Executive Vice President and Financial Markets Segment Head due to personal reason, effective from February 1, 2025.Reported Earnings • Nov 15Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: ₱4.00 (up from ₱3.51 in 3Q 2023). Revenue: ₱12.6b (up 32% from 3Q 2023). Net income: ₱3.01b (up 14% from 3Q 2023). Profit margin: 24% (down from 28% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 4.9%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Nov 13Now 20% undervaluedOver the last 90 days, the stock has risen 29% to ₱79.10. The fair value is estimated to be ₱98.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 48% in the next 2 years.Declared Dividend • Oct 31First half dividend of ₱1.50 announcedDividend of ₱1.50 is the same as last year. Ex-date: 12th November 2024 Payment date: 27th November 2024 Dividend yield will be 3.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (12% payout ratio) and is expected to be well covered in 3 years' time (19% forecast payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Oct 29Security Bank Corporation Approves Regular Semestral Cash Dividend on Common Shares, Payable on November 27, 2024Security Bank Corporation announced that its Board of Directors at their meeting held on October 29, 2024, approved Cash Dividend Declaration of PHP 1.50 per Common Share, representing regular semestral cash dividend. The record date for the company's PHP 1.50 per share cash dividend is on November 13, 2024, while the payment date falls on November 27, 2024.Price Target Changed • Sep 23Price target increased by 9.5% to ₱97.40Up from ₱88.97, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ₱96.50. Stock is up 28% over the past year. The company is forecast to post earnings per share of ₱14.53 for next year compared to ₱12.08 last year.Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₱89.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Banks industry in Philippines. Total loss to shareholders of 7.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₱91.06 per share.Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₱71.80, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Banks industry in Philippines. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₱91.55 per share.Recent Insider Transactions • Sep 03Independent Director recently bought ₱2.9m worth of stockOn the 30th of August, Enrico Cruz bought around 49k shares on-market at roughly ₱60.11 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.공시 • Aug 28Security Bank Corporation Announces Executive ChangesThe Board of Directors of Security Bank Corporation, in its meeting held August 27, 2024, confirmed the approval by the Nominations and Remuneration Committee of the following: Appointment of Ms. Gina S. Go as Senior Adviser to the President and CEO and Head of Remedial Management Division effective September 9, 2024. Appointment of Mr. Balaji Vijayan as Retail and Business Banking Risk Management Division Head effective September 1, 2024. Hiring of Ms. Luz Pilar U. De Guzman as Executive Vice President and Chief Risk Officer under Risk Management Group. Ms. De Guzman is targeted to report on September 9, 2024.Ms. De Guzman's qualification and business experience includes the following: Standard Chartered Bank, Hong Kong SAR 2022 2024: Global Head of Business Banking Risk. Hongkong and Shanghai Banking Corporation (HSBC), Hong Kong SAR 2013 – 2022: Senior Manager Wholesale Credit Risk 2020 2022; Chief Risk Officer International, Asia Pacific Risk 2019 2020; Chief Control Officer, Asia Pacific Risk 2017 2019; Senior Manager, Wholesale Credit Risk and Regional Sustainability Risk Manager 2013 2016. Hongkong and Shanghai Banking Corporation (HSBC), Philippines 2008 – 2013: Chief Risk Officer, Philippines.Reported Earnings • Aug 15Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: ₱3.74 (up from ₱3.39 in 2Q 2023). Revenue: ₱11.4b (up 16% from 2Q 2023). Net income: ₱2.82b (up 10% from 2Q 2023). Profit margin: 25% (down from 26% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.공시 • Jul 30Security Bank Corporation Announces Change in Designation of Aria Margarita R. Mirabueno, Effective August 1, 2024Security Bank Corporation change in designation of a Senior Officer effective August 1, 2024. Maria Margarita R. Mirabueno from Senior Vice President /Wealth Management Division Head to Senior Vice President /Wealth Relationship Management Group Head. Date of approval is July 30, 2024 .Buy Or Sell Opportunity • Jul 07Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.0% to ₱63.00. The fair value is estimated to be ₱82.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.Buy Or Sell Opportunity • Jul 05Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.1% to ₱63.00. The fair value is estimated to be ₱82.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.Buy Or Sell Opportunity • Jul 05Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.1% to ₱63.00. The fair value is estimated to be ₱82.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.Buy Or Sell Opportunity • Jul 05Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.1% to ₱63.00. The fair value is estimated to be ₱82.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.Buy Or Sell Opportunity • Jul 02Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.9% to ₱62.70. The fair value is estimated to be ₱82.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.공시 • Jul 01Security Bank Corporation Announces Changes to its BoardSecurity Bank Corporation announced that the Board of Directors of Security Bank Corporation, in its meeting held on June 25, 2024, confirmed the approval by the Nominations and Remuneration Committee of the following effective July 1, 2024: Change in designation of Mr. Stephen John Bell from Senior Vice President /Channel Network Head to Senior Vice President /Transformation Division Head; Promotion of Ms. Maris Lou S. Velicaria from First Vice President /Retail Credit Operations Head to Senior Vice President /Retail Credit Operations Head.Buy Or Sell Opportunity • Jul 01Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.6% to ₱62.90. The fair value is estimated to be ₱82.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.Buy Or Sell Opportunity • Jun 21Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.0% to ₱66.15. The fair value is estimated to be ₱84.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.공시 • Jun 14Security Bank Corporation Announces Resignation of Luis Gregorio M. Maloles as Senior Vice President, Senior Relationship Manager, Team Head 2Security Bank Corporation announced resignation of Luis Gregorio M. Maloles as Senior Vice President, Senior Relationship Manager, Team Head 2, effective July 1, 2024. Reason: Personal.Reported Earnings • May 16First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: ₱3.49 (up from ₱3.13 in 1Q 2023). Revenue: ₱21.9b (up 139% from 1Q 2023). Net income: ₱5.26b (up 123% from 1Q 2023). Profit margin: 24% (down from 26% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.공시 • May 08+ 1 more updateSecurity Bank Corporation Announces End of Employment of Daniel S. Dy as Senior Vice President and Executive DirectorSecurity Bank Corporation announced that Mr. Daniel S. Dy employment will end effective May 7, 2024. Position/Designation: Senior Vice President /Executive Director. He will focus on his role in overseeing the Bank's affairs as a Non-Executive Director.Price Target Changed • Apr 17Price target decreased by 7.4% to ₱93.23Down from ₱101, the current price target is an average from 8 analysts. New target price is 37% above last closing price of ₱68.25. Stock is down 24% over the past year. The company is forecast to post earnings per share of ₱15.00 for next year compared to ₱12.08 last year.Declared Dividend • Mar 28Final dividend of ₱1.50 announcedDividend of ₱1.50 is the same as last year. Ex-date: 12th April 2024 Payment date: 29th April 2024 Dividend yield will be 4.4%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (24% payout ratio) and is expected to be well covered in 3 years' time (19% forecast payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ₱12.08 (vs ₱14.00 in FY 2022)Full year 2023 results: EPS: ₱12.08 (down from ₱14.00 in FY 2022). Revenue: ₱38.3b (up 3.5% from FY 2022). Net income: ₱9.11b (down 14% from FY 2022). Profit margin: 24% (down from 28% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.공시 • Feb 27Security Bank Corporation Approves Change in Assignments of Senior OfficersSecurity Bank Corporation announced approval of the Board of Directors of the Change in Assignments of Senior Officers. Lucose T. Eralil has been re-designated from Executive Vice President/Enterprise Technology and Operations Segment Head to Executive Vice President /Chief Operating Officer and Ma. Patricia N. Tan has been re-designated from Senior Vice President/Customer Segmentation Head to Senior Vice President /Chief Marketing Officer, effective March 1, 2024.공시 • Nov 21Security Bank Corporation to Report Q3, 2023 Results on Nov 22, 2023Security Bank Corporation announced that they will report Q3, 2023 results on Nov 22, 2023Reported Earnings • Nov 14Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: ₱3.52 (up from ₱3.06 in 3Q 2022). Revenue: ₱9.54b (up 6.4% from 3Q 2022). Net income: ₱2.65b (up 15% from 3Q 2022). Profit margin: 28% (up from 26% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 4.9%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Upcoming Dividend • Nov 02Upcoming dividend of ₱1.50 per share at 3.9% yieldEligible shareholders must have bought the stock before 09 November 2023. Payment date: 24 November 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Filipino dividend payers (5.7%). Higher than average of industry peers (3.3%).공시 • Oct 25+ 1 more updateSecurity Bank Corporation Approves Regular Semestral Cash Dividend, Payable on November 24, 2023The Board of Directors of Security Bank Corporation, in its meeting held on October 24, 2023, approved Cash Dividend Declaration of PHP 1.50 per Common Share, representing regular semestral cash dividend. The record date for SBC's PHP 1.50 per share cash dividend is on November 10, 2023, while the payment date falls on November 24, 2023.Price Target Changed • Oct 12Price target decreased by 7.3% to ₱102Down from ₱110, the current price target is an average from 7 analysts. New target price is 31% above last closing price of ₱77.95. Stock is down 5.7% over the past year. The company is forecast to post earnings per share of ₱14.18 for next year compared to ₱14.00 last year.Price Target Changed • Oct 03Price target decreased by 7.4% to ₱106Down from ₱115, the current price target is an average from 8 analysts. New target price is 31% above last closing price of ₱81.00. Stock is down 1.2% over the past year. The company is forecast to post earnings per share of ₱14.43 for next year compared to ₱14.00 last year.Reported Earnings • Aug 12Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: ₱3.39 (down from ₱4.67 in 2Q 2022). Revenue: ₱9.84b (up 2.3% from 2Q 2022). Net income: ₱2.55b (down 28% from 2Q 2022). Profit margin: 26% (down from 37% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.공시 • Jul 26Security Bank Corporation Announces Executive ChangesSecurity Bank Corporation informed that the Board of Directors of Security Bank Corporation, in its meeting held, July 25, 2023, confirmed the approval by the Nominations and Remuneration Committee of the following: 1. Hiring of Ms. Amaneci Grace R. De Silva as Senior Vice President and Shared Services Technology Head under Office of the Chief Technology Officer. Ms. De Silva is targeted to report on August 1, 2023. 2. Appointment of Mr. John Cary L. Ong as Executive Vice President and Wholesale Banking Segment Head effective July 25, 2023.공시 • Jul 22+ 1 more updateSecurity Bank Corporation Announces Retirement of Raul Martin A. Pedro as Executive Vice President / Special Adviser to the Chairman, Effective September 30, 2023Security Bank Corporation announced the retirement of Mr. Raul Martin A. Pedro as Executive Vice President /Special Adviser to the Chairman, effective September 30, 2023.공시 • Jul 06Security Bank Corporation Announces Executive ChangesSecurity Bank Corporation announced that at the board meeting held on June 27, 2023, the company approved the appointment as Director of Maria Cristina A. Tingson effective June 27, 2023. MARIA CRISTINA A. TINGSON, 62, Filipino. She is a Director of SB Finance Inc. (since February 2012) and SB Rental Corporation (since May 2014). She was an Executive Vice President and Head of the Retail Banking Segment of Security Bank Corporation (SBC) until December 31, 2022. She was also a member of the Bank's Assets and Liabilities and People Empowerment Committees and an alternate member of the Credit Committee. Ms. Tingson was the President of SB Cards Corporation (2015-2017). Prior to her appointment as President of SB Cards Corporation, she was the Senior Vice President and Head of Corporate Banking until 2012. She joined the SBC as an Account Assistant in 1982 and assumed various positions including Relationship Manager and Head of Enterprise Risk Management of the Corporate Banking Division before assuming her position as Corporate Banking Head in 2008. Hiring of Mr. Rahul Mahesh Sadarangani as Senior Vice President and Transformation Head under Office of the President. Mr. Sadarangni's qualification and business experience covers almost 23 years of work experience including the following: Morgan Stanley 2021 2023, Cloud BU Enablement Lead, Acron Techsolutions Pvt Ltd. 2019 2021 Chief Technology Officer, Edelweiss Securities Pvt Ltd. 2017 - 2019 CTO, Associate Director, Fullerton India Troup (Temasek Group) 2014 2017 Senior Vice President Information Technology, Credit Suisse 2013 2014 Vice President Information Technology, Deutsche Bank 2006 2013 Vice President Technology, Various Positions and Other Companies - 2000 2006. Promotion of the following 5 Officers: Nerissa Gloria C. Berba from Senior Vice President /Human Capital Management Head to Executive Vice President /Human Capital Management Head. Rahul S. Rasal from Senior Vice President /Retail Banking Segment Head to Executive Vice President /Retail Banking Segment Head. Ma. Paz Victoria R. Gonzalez from First Vice President/Secured Lending Head to Senior Vice President/Secured Lending Head. Irene E. Guban from First Vice President/Retail Strategy and Analytics Head to Senior Vice President/Retail Strategy and Analytics Head. Ma. Carmencita R. Lopez from First Vice President/Trust Officer/Trust and Asset Management Group Head to Senior Vice President/Trust Officer/Trust and Asset Management Group Head. Effective date of change is July 1, 2023.공시 • Jun 29Security Bank Corporation Announces Board ChangesSecurity Bank Corporation announced that the board of directors of the company, in its board meeting held June 27, 2023, approved the endorsement of the nomination and remuneration committee of the following board committee assignments effective June 27, 2023: Executive Committee: Chairman: Cirilo P. Noel; Members: Sanjiv Vohra; Daniel S. Dy; Diana P. Aguilar; Enrico S. Cruz (ID); Esther Wileen S. Go (ID). Nominations and Remuneration Committee: Chairperson: Jikyeong Kang (ID); Vice Chairman: Enrico S. Cruz (ID); Member: Gerard H. Brimo (ID); Daniel S. Dy; Maria Cristina A. Tingson. Senior Credit Committee: Chairman: Alfonso L. Salcedo, Jr.; Vice Chairman: Cirilo P. Noel; Members: Sanjiv Vohra; Enrico S. Cruz (ID); Maria Cristina A. Tingson; Alternate: Daniel S. Dy; Advisor: Rafael F. Simpao, Jr. Restructuring Committee: Chairman: Alfonso L. Salcedo, Jr.; Members: Sanjiv Vohra; Maria Cristina A. Tingson.공시 • May 31Security Bank Corporation Appoints Prakash S. Mahajan as a Senior Vice President and Corporate & FMS Technology HeadSecurity Bank Corporation appointed Prakash S. Mahajan as a Senior Vice President and Corporate & FMS Technology Head. Date of appointment is May 30, 2023. Mr. Mahajan's qualification and business experience covers 23 years of work experience including the following: 2019 2023 NSEIT Limited Vice President - Digital, 2018 2019 Siam Commercial Bank, Thailand (through Helius Technologies Pte Ltd., Singapore) Program Manager, 2014 2018 Indus Software Technologies Pvt Ltd. (now Ebixcash) Vice President Head of Product, 2012 2014 - Customer Sakal Media Group Consultant Digital Media, 2005 2012 - S1 Services Inc. (now ACI Worldwide) Senior Director Business Unit Head, 2002 2005 - Indus Software Project Manager, 1998 2001 - Octon Technologies Pvt. Ltd. Project Manager Regional Head, 1994 1998 - RPG Group, Humphery and Glasgows (UK) and Ajay Metachem Various Non-IT Experience.Reported Earnings • May 13First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: ₱3.13 (down from ₱3.62 in 1Q 2022). Revenue: ₱9.18b (flat on 1Q 2022). Net income: ₱2.36b (down 13% from 1Q 2022). Profit margin: 26% (down from 30% in 1Q 2022). Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year.Upcoming Dividend • Apr 04Upcoming dividend of ₱1.50 per share at 3.2% yieldEligible shareholders must have bought the stock before 11 April 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Filipino dividend payers (5.6%). Higher than average of industry peers (2.8%).Reported Earnings • Mar 15Full year 2022 earnings released: EPS: ₱14.00 (vs ₱9.17 in FY 2021)Full year 2022 results: EPS: ₱14.00 (up from ₱9.17 in FY 2021). Revenue: ₱37.0b (up 17% from FY 2021). Net income: ₱10.6b (up 53% from FY 2021). Profit margin: 28% (up from 22% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.공시 • Feb 06Security Bank Corporation to Report Q4, 2022 Results on Feb 07, 2023Security Bank Corporation announced that they will report Q4, 2022 results at 12:30 PM, Singapore Standard Time on Feb 07, 2023공시 • Jan 25Security Bank Corporation Announces the Resignation of Anton Khlon as Senior Vice President / Chief Information Officer, Effective February 17, 2023Security Bank Corporation announced the resignation of Anton Khlon as Senior Vice President /Chief Information Officer, effective February 17, 2023. Reason: Personal Reason.공시 • Jan 24+ 2 more updatesSecurity Bank Corporation Approves Executive ChangesThe Board of Directors of Security Bank Corporation, in its meeting held on January 24, 2023, confirmed the approval by the Nominations and Remuneration Committee of the following: Hiring of Mr. Arnold Q. Bengco as Executive Vice President and Financial Markets Segment Head under the Financial Markets Segment. Mr. Bengco is targeted to report on February 15, 2023. Hiring of Mr. Joselito E. Mape as Executive Vice President and Senior Adviser to the Chairman effective February 1, 2023. Hiring of Mr. Dennis M. Tangonan as Senior Vice President and Cloud and Infrastructure Division Head under Office of the Chief Information Officer. Mr. Tangonan is targeted to report on January 30, 2023. Appointment of Mr. Raul Martin A. Pedro as Executive Vice President and Special Adviser to the Chairman effective February 15, 2023. Mr. Pedro will assume the role as Special Adviser until his formal retirement on September 30, 2023. Mr. Bengco's qualification and business experience covers 24 years of work experience including the following: Temasek Holdings, Singapore - 2021 - 2023 as Treasury Project Consultant. Barclays, Singapore - 2018 - 2019 as Emering Markets FX Head. OCBC Bank, Singapore - 2016 - 2017 as Trading Management, Global Treasury. Dymon Asia Capital, Singapore - 2013 - 2015 as Macro Portfolio Manager. Citibank, Singapore - 2007 - 2013 as Managing Director, Regional Head of Asian Currencies and Emerging Markets Trader (FX and Government Bonds). Mr. Mape's qualification and work experience covers the following: Security Bank Corporation 1996 - 2023 as Senior Advisor, Chief Administrative Officer and Chief Financial Officer. Cityland Development Corporation - 1996 - 1998 as Senior Manager of Financial Management Services Division. SGV & Co. - 1984 - 1988 as Senior Auditor. Current Directorship: SB Equities Inc. since 2015. SB Rental Corporation since 2014 (Director and Treasurer). SBM Leasing Inc. since 2011 (Director and Treasurer). Bank Foundation Inc. since 2009 (Trustee and Treasurer). Cityland for Social Progress Foundation Inc. since 2018. Past Directorship: Security Land Corporation - 2010 to 2015 and SB Finance Company Inc. - 2018 to 2020. Mr. Bengco's qualification and business experience covers 25 years of work experience including the following: Banco de Oro - 2000 - 2023 as Head of IT Infrastructure and Operations, Head of Cloud and Digital Infrastructure Group, Head of IT-Data Centre Operations and Head of IT Infrastructure Management. Citibank N.A., Singapore - 2007 - 2009 as Head of Data Center Technology Infrasctructure Services. United Overseas Bank, Singapore - 2005 - 2006 as Team Lead of IT Security. Maybank, Malayan Banking Berhad - 1999 - 2020 as Team Lead of IT Security.공시 • Jan 04Security Bank Corporation Announces Retirement of Joselito E. Mape as Executive Vice President, Effective February 1, 2023Security Bank Corporation announced retirement of Mr. Joselito E. Mape Executive Vice President, effective February 1, 2023.공시 • Nov 30Security Bank Corporation Announces Management Changes, Effective Jan. 01 2023Security Bank Corporation announced the retirement of Maria Cristina A. Tingson as Executive Vice President /Retail Banking Segment Head and Jeanette S. Keh as Senior Vice President /Senior Advisor with effect from Jan. 01 2023. The company also announced the Promotion or Change in Designation of Rahul S. Rasal from Senior Vice President /Retail Product Group Head to Senior Vice President /Retail Banking Segment Head, Charles Malvin S. Ching from Senior Vice President /Deputy Chief Administrative Officer to Senior Vice President/Chief Administrative Officer and Joselito E. Mape from Executive Vice President /Chief Administrative Officer to Executive Vice President /Senior Adviser to the Chairman of the company with effect from Jan. 01 2023.Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: ₱3.06 (up from ₱2.27 in 3Q 2021). Revenue: ₱8.96b (up 20% from 3Q 2021). Net income: ₱2.31b (up 35% from 3Q 2021). Profit margin: 26% (up from 23% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • Oct 31Upcoming dividend of ₱1.50 per shareEligible shareholders must have bought the stock before 07 November 2022. Payment date: 24 November 2022. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Filipino dividend payers (5.8%). Higher than average of industry peers (2.6%).공시 • Oct 26Security Bank Corporation Approves Cash Dividend, Payable on November 24, 2022Security Bank Corporation announced that the Board of Directors of Security Bank Corporation, in its meeting held on October 25, 2022, approved Cash Dividend Declaration of PHP 1.50 per Common Share, representing regular semestral cash dividend. The record date for SBC's PHP 1.50 per share cash dividend is on November 10, 2022, while the payment date falls on November 24, 2022.공시 • Oct 22Security Bank Corporation Appoints Juan Alfredo Mestas Jara as Senior Vice President and IT Central API Team HeadSecurity Bank Corporation announced the appointment of Juan Alfredo Mestas Jara as Senior Vice President and IT Central API Team Head, effective September 27, 2022.공시 • Sep 28Security Bank Corporation Announces Change in Designation of Ricardo G. Torres from Senior Vice President / Chief Technology Officer to Senior Vice President / Special Projects Head, Effective October 1, 2022Security Bank Corporation announced change in designation of Ricardo G. Torres from Senior Vice President /Chief Technology Officer to Senior Vice President /Special Projects Head, effective October 1, 2022.공시 • Aug 30Security Bank Corporation Appoints Juan Alfredo Mestas Jara as Senior Vice President and IT Central API Team Head Under Information Technology GroupSecurity Bank Corporation at its board meeting held on August 30, 2022 confirmed the approval by the Nominations and Remuneration Committee of the hiring of Mr. Juan Alfredo Mestas Jara as Senior Vice President and IT Central API Team Head under Information Technology Group. Mr. Jara is targeted to report upon securing appropriate work permit and /or visa. Mr. Jara's qualification and business experience covers 21 years of work experience including the following: G42 UAE 2021 - 2022 - Group Head of Enterprise Architecture and Platform Engineering, PwC Singapore 2020 - 2021 - Director for the CIO Advisory, UOB Group Bank, Singapore - 2017 2019 - Leader of the Enterprise Architecture, AIB Bank, Ireland - 2016 2017 - Senior Manager for Digital Architecture, Deloitte & Touche, EMEA - 2015 -2016 - Senior Solutions Architecture Manager. Deloitte & Touche, America - 2011 2015 - Architecture Manager Lead, Microsoft Latam Regional Director (DPE) - 2007 2011 - Microsoft Advocate, Banco Financiero, Ecuador - 2005 - 2007 - Software Architect, Sixbell, Chile - 2003 - 2005 - Oracle HLR Architect, and Sonda, Peru - 2001 - 2003 - Senior Software Engineer.Reported Earnings • Aug 17Second quarter 2022 earnings: Revenues exceed analyst expectationsSecond quarter 2022 results: Revenue: ₱9.62b (up 28% from 2Q 2021). Net income: (flat on 2Q 2021). Profit margin: 0% (in line with 2Q 2021). Revenue exceeded analyst estimates by 4.9%. Over the next year, revenue is forecast to grow 21%, compared to a 22% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.공시 • Aug 16Security Bank Corporation Announces Resignation of Edward B. Mallari, Senior Vice President, Effective September 16, 2022Security Bank Corporation announced that Mr. Edward B. Mallari, Senior Vice President who has tendered his resignation effective September 16, 2022.공시 • Aug 12Security Bank Corporation(PSE:SECB) dropped from Philippines PSE Composite IndexSecurity Bank Corporation has been removed from Philippines PSE Composite Index .Recent Insider Transactions • Aug 03Insider recently bought ₱869k worth of stockOn the 1st of August, Enrico Cruz bought around 10k shares on-market at roughly ₱86.90 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱28m. Insiders have collectively bought ₱75m more in shares than they have sold in the last 12 months.공시 • Jul 19Security Bank Corporation Announces the Resignation of Gelene W. Lee as Senior Vice President, Effective July 31, 2022Security Bank Corporation informed that Ms. Gelene W. Lee, Senior Vice President of the company has tendered her resignation effective July 31, 2022.공시 • Jun 29Security Bank Corporation Announces Executive ChangesThe Board of Directors of Security Bank Corporation, in its meeting held on June 28, 2022, confirmed the approval by the Nominations and Remuneration Committee of the hiring of 2 Senior Officers and promotion of 3 Senior Officers. Mr. Lucose Eralil as Executive Vice President and Enterprise Technology and Operations Segment Head. Mr. Eralil is targeted to report upon securing the proper work permit and/or visa. Mr. Eralil's qualifications and business experience cover almost 30 years of work experience including the following: Helius Technologies /AlphaEl Enterprises, Singapore (2014 - present): Director, Consulting and Advisory (Helius); Managing Director, Consulting Advisory, Product Development (AlphaEl). Credit Suisse, Singapore, India, Poland (1997 - 2014): Managing Director, Global Head, Technology Operations, Production and Testing; Managing Director, Country Head (COE); Director, Country Head (COE); Director, Operations Head (COE); Director, Reginal Head APAC, Shared Services Technology. NIIT, Pune (1992 - 1996): Senior Systems Executive. Mr. Patrick Mel Meneses as Senior Vice President and Chief Data Officer of Enterprise Data Office under Group Strategy. Mr. Meneses is targeted to report on June 30, 2022. Mr. Meneses' qualifications and business experience cover 26 years of work experience including the following: MDI Novare (2021 - Present); Chief Data and Analytics Officer. SAS Institute PTE Ltd. (2018 - 2021): Asian Executive Director, Business Solutions; General Motors (2012 - 2018): Principal Engineering Director; Electronic Arts (2020 - 2012): Senior Technical Program Manager; Sun Microsystems (1999 - 2009): Senior Technical Program Manager; Hewlett-Packard (1997 - 1999): Senior Project Manager; Sun Microsystems (1996 - 1997): Order Operations Manager. Promotion of the following 3 Officers: Gina S. Go from Senior Vice President /Chief Risk Officer to Executive Vice President /Chief Risk Officer; Kim O. Lim from First Vice President /Region Head to Senior Vice President /Region Head; Maria Margarita R. Mirabueno from First Vice President /Wealth Management Division Head to Senior Vice President /Wealth Management Division Head. Date of approval is June 28, 2022. Effective date of change is July 01, 2022.Price Target Changed • Jun 18Price target decreased to ₱130Down from ₱142, the current price target is an average from 10 analysts. New target price is 41% above last closing price of ₱92.10. Stock is down 25% over the past year. The company is forecast to post earnings per share of ₱12.15 for next year compared to ₱9.17 last year.Recent Insider Transactions • Jun 07Senior VP & CTO recently bought ₱450k worth of stockOn the 2nd of June, Ricardo Torres bought around 5k shares on-market at roughly ₱90.00 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱31m. Insiders have collectively bought ₱74m more in shares than they have sold in the last 12 months.공시 • Jun 01Security Bank Corporation Announces Executive AppointmentsSecurity Bank Corporation announced that the appointment of Mr. Gunneet S. Bali as Senior Vice President and Retail Channel Head under the Retail Banking Segment. The company also announced the appointment of Malcolm C. Yow as Senior Vice President and Retail IT Digital Team Head under Information Technology as senior vice presidents, at the board meeting held on May 31, 2022.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: SECB 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: SECB 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Security Bank 배당 수익률 vs 시장SECB의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (SECB)4.5%시장 하위 25% (PH)2.7%시장 상위 25% (PH)6.4%업계 평균 (Banks)5.0%분석가 예측 (SECB) (최대 3년)4.5%주목할만한 배당금: SECB 의 배당금( 4.51% )은 PH 시장에서 배당금 지급자의 하위 25%( 2.75% )보다 높습니다.고배당: SECB 의 배당금( 4.51% )은 PH 시장에서 배당금 지급자의 상위 25%( 6.36% )와 비교해 낮습니다.현재 주주 배당수익 보장: 지급 비율 ( 19.6% )이 낮기 때문에 SECB 의 배당금 지급은 수익으로 충분히 충당됩니다.향후 주주 배당미래 배당 보장: SECB 의 3년 배당금은 수익( 14.5% 지급 비율)으로 철저히 충당될 것으로 예상됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YPH 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 04:00종가2026/05/20 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Security Bank Corporation는 16명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kevin KwekBernsteinJulian Vincent RoxasBofA Global ResearchAlfred DyCLSA13명의 분석가 더 보기
Upcoming Dividend • Apr 15Upcoming dividend of ₱1.50 per shareEligible shareholders must have bought the stock before 22 April 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Filipino dividend payers (6.4%). In line with average of industry peers (4.6%).
Declared Dividend • Oct 30First half dividend of ₱1.50 announcedDividend of ₱1.50 is the same as last year. Ex-date: 11th November 2025 Payment date: 26th November 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (10% payout ratio) and is expected to be well covered in 3 years' time (15% forecast payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Declared Dividend • Mar 28Final dividend of ₱1.50 announcedDividend of ₱1.50 is the same as last year. Ex-date: 8th April 2025 Payment date: 28th April 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (23% payout ratio) and is expected to be well covered in 3 years' time (14% forecast payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Mar 26Security Bank Corporation Announces Regular Cash Dividend, Payable on April 28, 2025Security Bank Corporation announces regular cash dividend of PHP 1.50 per share, payable on April 28, 2025. Record date is April 10, 2025. The dividend is from retained Earnings as of December 31, 2024.
Declared Dividend • Oct 31First half dividend of ₱1.50 announcedDividend of ₱1.50 is the same as last year. Ex-date: 12th November 2024 Payment date: 27th November 2024 Dividend yield will be 3.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (12% payout ratio) and is expected to be well covered in 3 years' time (19% forecast payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Oct 29Security Bank Corporation Approves Regular Semestral Cash Dividend on Common Shares, Payable on November 27, 2024Security Bank Corporation announced that its Board of Directors at their meeting held on October 29, 2024, approved Cash Dividend Declaration of PHP 1.50 per Common Share, representing regular semestral cash dividend. The record date for the company's PHP 1.50 per share cash dividend is on November 13, 2024, while the payment date falls on November 27, 2024.
Reported Earnings • May 15First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: ₱3.59 (down from ₱3.74 in 1Q 2025). Revenue: ₱13.1b (flat on 1Q 2025). Net income: ₱2.70b (down 4.1% from 1Q 2025). Profit margin: 21% (down from 22% in 1Q 2025). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 7.7%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Recent Insider Transactions • Apr 22President recently bought ₱14m worth of stockOn the 17th of April, Meng Teck Lee bought around 209k shares on-market at roughly ₱68.16 per share. This transaction increased Meng Teck's direct individual holding by 20938x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Meng Teck's only on-market trade for the last 12 months.
Upcoming Dividend • Apr 15Upcoming dividend of ₱1.50 per shareEligible shareholders must have bought the stock before 22 April 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Filipino dividend payers (6.4%). In line with average of industry peers (4.6%).
공시 • Mar 25Security Bank Corporation Announces Demise of Independent Director Napoleon L. NazarenoSecurity Bank Corporation disclosed the untimely passing of Mr. Napoleon L. Nazareno, a member of the Board of Directors of Security Bank Corporation since 2017. Mr. Nazareno brought deep industry expertise and seasoned leadership to the Board, shaped by a distinguished career that included serving as President and Chief Executive Officer of PLDT and Smart. His experience across telecommunications and technology, along with his role as an independent director in the Bank and other organizations, gave him a broad and valuable perspective. The effective date of cessation of term is March 23, 2026, due to death.
내러티브 업데이트 • Mar 21undervaluePSE:SECB Valuation Data (2025 Audit) MT FAIR VALUE=221 P/E Ratio: 4.44x (Based on current price of ₱68.40) BOOK VALUE 2025: ₱204.67 / BOOK VALUE 2024: ₱187.31 9M2025 EPS: ₱12.08 / 9M2024 EPS: ₱11.29 2025 EPS: ₱16.02 / 2024 EPS: ₱14.91 2025 4Q EPS: ₱3.94 (Lower QoQ due to ₱4.1B in credit provisions) Metric 2024 Value 2025 Value YoY Change (Value) YoY Change (%) Net Income ₱11.24B ₱11.63B +₱0.39B +3.5% Earnings Per Share ₱14.91 ₱15.42 +₱0.51 +3.4% YoY Earnings Value & Percentage: Security Bank added ₱390 million to its bottom line in 2025, a 3.5% increase. While total revenues surged 22% (reaching ₱66.9B), net income growth was moderated by a strategic decision to increase credit provisioning to ₱8.6B for the year to strengthen balance sheet resilien
Reported Earnings • Mar 03Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: ₱15.42 (up from ₱14.91 in FY 2024). Revenue: ₱54.4b (up 13% from FY 2024). Net income: ₱11.6b (up 3.5% from FY 2024). Profit margin: 21% (down from 23% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 2.7%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
공시 • Feb 20Security Bank Corporation Announces Resignation of Jiri Matousek as Senior Vice President/Retail Transformation Head, Effective February 21, 2026Security Bank Corporation announced the resignation of Mr. Jiri Matousek as Senior Vice President/Retail Transformation Head, effective February 21, 2026. The resignation was voluntary due to personal reason/for business.
공시 • Feb 02Security Bank Corporation Announces Executive Changes, Effective February 1, 2026Security Bank Corporation announced the resignation of Dennis M. Tangonan as Senior Vice President/Chief Information Officer, effective February 1, 2026. Dennis M. Tangonan resigned voluntarily for personal reasons. Security Bank Corporation also announced the promotion of Nigel P. Uy to First Vice President/Chief Information Officer, with the change approved on January 27, 2026, and effective February 1, 2026.
공시 • Jan 27+ 1 more updateSecurity Bank Corporation, Annual General Meeting, Apr 28, 2026Security Bank Corporation, Annual General Meeting, Apr 28, 2026, at 09:00 W. Australia Standard Time.
공시 • Jan 02+ 1 more updateSecurity Bank Corporation Announces CEO Changes, Effective January 5, 2026Security Bank Corporation announced the appointment and election of Victor Lee Meng Teck as CEO, effective January 5, 2026. He will succeed Sanjiv Vohra, who is resigning as CEO and will become Senior Advisor to the Board for personal reasons. The resignation is effective January 5, 2026.
Reported Earnings • Nov 15Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ₱4.26 (up from ₱3.99 in 3Q 2024). Revenue: ₱13.7b (up 8.8% from 3Q 2024). Net income: ₱3.21b (up 6.8% from 3Q 2024). Profit margin: 24% (in line with 3Q 2024). Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 6.8%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Nov 07Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.7% to ₱70.15. The fair value is estimated to be ₱88.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 3.5%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 30% in the next 2 years.
Declared Dividend • Oct 30First half dividend of ₱1.50 announcedDividend of ₱1.50 is the same as last year. Ex-date: 11th November 2025 Payment date: 26th November 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (10% payout ratio) and is expected to be well covered in 3 years' time (15% forecast payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Recent Insider Transactions • Oct 01Insider recently bought ₱1.8m worth of stockOn the 25th of September, John David G. Yap bought around 25k shares on-market at roughly ₱70.80 per share. This transaction amounted to 9.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱7.0m more in shares than they have sold in the last 12 months.
Buy Or Sell Opportunity • Sep 15Now 20% undervaluedOver the last 90 days, the stock has risen 16% to ₱73.55. The fair value is estimated to be ₱92.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 3.5%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 32% in the next 2 years.
Buy Or Sell Opportunity • Aug 29Now 20% undervaluedOver the last 90 days, the stock has risen 17% to ₱74.95. The fair value is estimated to be ₱94.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 3.5%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 32% in the next 2 years.
Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ₱4.03 (up from ₱3.74 in 2Q 2024). Revenue: ₱13.5b (up 18% from 2Q 2024). Net income: ₱3.04b (up 7.9% from 2Q 2024). Profit margin: 23% (down from 25% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Recent Insider Transactions • Aug 01Insider recently sold ₱321k worth of stockOn the 25th of July, Maria Carmencita Lopez sold around 4k shares on-market at roughly ₱74.68 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₱8.2m more than they sold in the last 12 months.
공시 • Jul 02Security Bank Corporation Announces Board ChangesSecurity Bank Corporation announced the resignation of Atty. Grace S. Ayson as First Vice President /Assistant Corporate Secretary, Effective Date of Resignation is on July 1, 2025, due to Personal reasons. promotion of Pamela S. Edejer from First Vice President /Assets Business Division Head to Senior Vice President /Assets Business Division Head, Effective Date of Change on July 1, 2025. John David G. Yap from Senior Vice President /Business Banking Segment Head to Executive Vice President /Business Banking Segment Head, Effective Date of Change on July 1, 2025 Price Edward C. Yap Senior Vice President /Financial Markets Segment Head Executive Vice President /Financial Markets Segment Head, Effective Date of Change on July 1, 2025 Atty. Joseph Anthony Lopez First Vice President /Deputy Head of Legal First Vice President /Deputy Head of Legal /Assistant Corporate Secretary, Effective Date of Change on July 1, 2025 .
공시 • Jun 26Security Bank Corporation Announces Executives Changes, Effective July 1, 2025Security Bank Corporation Board of Directors, in its meeting held June 24, 2025, approved Promotions of Pamela S. Edejer From First Vice President /Assets Business Division Head To Senior Vice President /Assets Business Division Head, John David G. Yap From Senior Vice President /Business Banking Segment Head To Executive Vice President /Business Banking Segment Head and Price Edward C. Yap From Senior Vice President /Financial Markets Segment Head To Executive Vice President /Financial Markets Segment Head, effective July 1, 2025. Also considered change in designation of Atty. Joseph Anthony Lopez from First Vice President /Deputy Head of Legal to First Vice President /Deputy Head of Legal /Assistant Corporate Secretary, effective July 1, 2025. The company announced resignation of Atty. Grace S. Ayson effective July 1, 2025 as First Vice President and Assistant Corporate Secretary due to personal reason.
Reported Earnings • May 16First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: ₱3.74 (up from ₱3.49 in 1Q 2024). Revenue: ₱13.1b (up 19% from 1Q 2024). Net income: ₱2.82b (up 7.3% from 1Q 2024). Profit margin: 22% (down from 24% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
공시 • May 02Security Bank Corporation (PSE:SECB) completed the acquisition of 25% stake in HC Consumer Finance Philippines, Inc. from MUFG Bank, Ltd. for PHP 10.4 billion.Security Bank Corporation (PSE:SECB) agreed to acquire 25% stake in HC Consumer Finance Philippines, Inc. from MUFG Bank, Ltd. for approximately PHP 11 billion on November 29, 2024. A cash consideration of approximately PHP 11 billion will be paid by Security Bank Corporation. As part of consideration, approximately PHP 11 billion is paid towards common equity of HC Consumer Finance Philippines, Inc. The transaction is subject to approval by regulatory board / committee and approval of offer by acquirer board. The deal has been approved by the board. The expected completion of the transaction is in the first quarter of 2025. Alphaprimus Advisors Inc. acted as financial advisor for Security Bank Corporation. Picazo Buyco Tan Fider & Santos acted as legal advisor for Security Bank Corporation. Security Bank Corporation (PSE:SECB) completed the acquisition of 25% stake in HC Consumer Finance Philippines, Inc. from MUFG Bank, Ltd. for PHP 10.4 billion on May 2, 2025. An adjustment amount to be computed and paid within 90 days will be based on the change in net asset value of HC Consumer Finance Philippines, Inc. from 31 December 2023 to 30 April 2025. The acquisition has received clearance from the Bangko Sentral ng Pilipinas.
Declared Dividend • Mar 28Final dividend of ₱1.50 announcedDividend of ₱1.50 is the same as last year. Ex-date: 8th April 2025 Payment date: 28th April 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (23% payout ratio) and is expected to be well covered in 3 years' time (14% forecast payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Mar 26Security Bank Corporation Announces Regular Cash Dividend, Payable on April 28, 2025Security Bank Corporation announces regular cash dividend of PHP 1.50 per share, payable on April 28, 2025. Record date is April 10, 2025. The dividend is from retained Earnings as of December 31, 2024.
공시 • Mar 25Security Bank Corporation Announces Executive ChangesSecurity Bank Corporation announced the resignation of Juichi Umeno as Executive Vice President /Alliance Segment Head, effective Apr. 29, 2025. Reason for resignation: Re-assignment. The company also announced the appointment of Yuko Fujiwara as Senior Vice President /MUFG Business Development Head. Date of Appointment is March 25, 2025. The company announced the Promotion of Hirofumi Umeno From Senior Vice President /MUFG Business Development Head to Executive Vice President /Alliance Segment Head. Effective Date of Change is April 29, 2025. Mr. Fujiwara's qualification and business experience includes the following: MUFG Bank Ltd. (1999 2025); 2024 - 2025 - Managing Director - Global Commercial Banking Planning Division; 2022 - 2024 - Managing Director -Transaction Banking for the Americas; 2019 - 2022 - Managing Director - Japanese Corporate Banking Division for the Americas; 2016 - 2019 - Director - Global Corporate Banking Division for EMEA; 2013 - 2016 - Senior Manager - M & A Finance Office; 2012 - 2013 - Manager - Corporate Strategic Research Office; 2007 - 2012 - Manager - Hong Kong Branch; 2025 - 2007 - Manager - Syndicated Finance Division; 2001 - 2005 - Structured Finance Division; 1999 - 2001 - Nihombashi Branch.
Reported Earnings • Mar 04Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: ₱14.91 (up from ₱12.08 in FY 2023). Revenue: ₱48.3b (up 26% from FY 2023). Net income: ₱11.2b (up 24% from FY 2023). Profit margin: 23% (in line with FY 2023). Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
공시 • Feb 25Security Bank Corporation Announces Change in Designation of Senior Officers, Effective March 1, 2025Security Bank Corporation announced Change in Designation of Senior Officers Effective March 1, 2025. Juan Alfredo Mestas Jara: From: Senior Vice President /Strategy, Architecture, and Platform Head. To: Senior Vice President /Strategy, Innovation, Architecture and Platform Head. Date of Approval: February 25, 2025. Effective Date of Change: March 01, 2025. Prakash S. Mahajan: FROM: Senior Vice President /Corporate & FMS CTO. To: Senior Vice President / Corporate, FMS & MSME CTO. Date of Approval: February 25, 2025. Effective Date of Change: March 01, 2025.
공시 • Feb 12Security Bank Corporation Announces Retirement of Ricardo G. Torres as Senior Vice President / Special Projects HeadSecurity Bank Corporation announced retirement of Ricardo G. Torres as Senior Vice President /Special Projects Head effective December 31, 2024.
Recent Insider Transactions • Feb 01Insider recently bought ₱4.1m worth of stockOn the 28th of January, John David G. Yap bought around 55k shares on-market at roughly ₱73.91 per share. This transaction increased John David G. Yap's direct individual holding by 92x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱8.5m more in shares than they have sold in the last 12 months.
공시 • Jan 28Security Bank Corporation, Annual General Meeting, Apr 29, 2025Security Bank Corporation, Annual General Meeting, Apr 29, 2025, at 09:00 W. Australia Standard Time.
공시 • Jan 21Security Bank Corporation Announces change in designation of Price Edward C. Yap to Senior Vice President / OIC Financial Markets Segment Head, Effective February 1, 2025Security Bank Corporation informed that the Executive Committee as delegated by the Board of Directors of Security Bank Corporation confirmed the approval by the Nominations and Remuneration Committee to change the designation of Mr. Price Edward C. Yap, from Senior Vice President /Treasury Sales Head to Senior Vice President /OIC Financial Markets Segment Head, effective February 1, 2025.
공시 • Jan 17Security Bank Corporation Announces Resignation of Arnold Q. Bengco as Executive Vice President and Financial Markets Segment Head, Effective from February 1, 2025Security Bank Corporation announced resignation of Arnold Q. Bengco as Executive Vice President and Financial Markets Segment Head due to personal reason, effective from February 1, 2025.
Reported Earnings • Nov 15Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: ₱4.00 (up from ₱3.51 in 3Q 2023). Revenue: ₱12.6b (up 32% from 3Q 2023). Net income: ₱3.01b (up 14% from 3Q 2023). Profit margin: 24% (down from 28% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 4.9%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Nov 13Now 20% undervaluedOver the last 90 days, the stock has risen 29% to ₱79.10. The fair value is estimated to be ₱98.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 48% in the next 2 years.
Declared Dividend • Oct 31First half dividend of ₱1.50 announcedDividend of ₱1.50 is the same as last year. Ex-date: 12th November 2024 Payment date: 27th November 2024 Dividend yield will be 3.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (12% payout ratio) and is expected to be well covered in 3 years' time (19% forecast payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Oct 29Security Bank Corporation Approves Regular Semestral Cash Dividend on Common Shares, Payable on November 27, 2024Security Bank Corporation announced that its Board of Directors at their meeting held on October 29, 2024, approved Cash Dividend Declaration of PHP 1.50 per Common Share, representing regular semestral cash dividend. The record date for the company's PHP 1.50 per share cash dividend is on November 13, 2024, while the payment date falls on November 27, 2024.
Price Target Changed • Sep 23Price target increased by 9.5% to ₱97.40Up from ₱88.97, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ₱96.50. Stock is up 28% over the past year. The company is forecast to post earnings per share of ₱14.53 for next year compared to ₱12.08 last year.
Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₱89.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Banks industry in Philippines. Total loss to shareholders of 7.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₱91.06 per share.
Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₱71.80, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Banks industry in Philippines. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₱91.55 per share.
Recent Insider Transactions • Sep 03Independent Director recently bought ₱2.9m worth of stockOn the 30th of August, Enrico Cruz bought around 49k shares on-market at roughly ₱60.11 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
공시 • Aug 28Security Bank Corporation Announces Executive ChangesThe Board of Directors of Security Bank Corporation, in its meeting held August 27, 2024, confirmed the approval by the Nominations and Remuneration Committee of the following: Appointment of Ms. Gina S. Go as Senior Adviser to the President and CEO and Head of Remedial Management Division effective September 9, 2024. Appointment of Mr. Balaji Vijayan as Retail and Business Banking Risk Management Division Head effective September 1, 2024. Hiring of Ms. Luz Pilar U. De Guzman as Executive Vice President and Chief Risk Officer under Risk Management Group. Ms. De Guzman is targeted to report on September 9, 2024.Ms. De Guzman's qualification and business experience includes the following: Standard Chartered Bank, Hong Kong SAR 2022 2024: Global Head of Business Banking Risk. Hongkong and Shanghai Banking Corporation (HSBC), Hong Kong SAR 2013 – 2022: Senior Manager Wholesale Credit Risk 2020 2022; Chief Risk Officer International, Asia Pacific Risk 2019 2020; Chief Control Officer, Asia Pacific Risk 2017 2019; Senior Manager, Wholesale Credit Risk and Regional Sustainability Risk Manager 2013 2016. Hongkong and Shanghai Banking Corporation (HSBC), Philippines 2008 – 2013: Chief Risk Officer, Philippines.
Reported Earnings • Aug 15Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: ₱3.74 (up from ₱3.39 in 2Q 2023). Revenue: ₱11.4b (up 16% from 2Q 2023). Net income: ₱2.82b (up 10% from 2Q 2023). Profit margin: 25% (down from 26% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
공시 • Jul 30Security Bank Corporation Announces Change in Designation of Aria Margarita R. Mirabueno, Effective August 1, 2024Security Bank Corporation change in designation of a Senior Officer effective August 1, 2024. Maria Margarita R. Mirabueno from Senior Vice President /Wealth Management Division Head to Senior Vice President /Wealth Relationship Management Group Head. Date of approval is July 30, 2024 .
Buy Or Sell Opportunity • Jul 07Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.0% to ₱63.00. The fair value is estimated to be ₱82.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.
Buy Or Sell Opportunity • Jul 05Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.1% to ₱63.00. The fair value is estimated to be ₱82.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.
Buy Or Sell Opportunity • Jul 05Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.1% to ₱63.00. The fair value is estimated to be ₱82.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.
Buy Or Sell Opportunity • Jul 05Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.1% to ₱63.00. The fair value is estimated to be ₱82.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.
Buy Or Sell Opportunity • Jul 02Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.9% to ₱62.70. The fair value is estimated to be ₱82.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.
공시 • Jul 01Security Bank Corporation Announces Changes to its BoardSecurity Bank Corporation announced that the Board of Directors of Security Bank Corporation, in its meeting held on June 25, 2024, confirmed the approval by the Nominations and Remuneration Committee of the following effective July 1, 2024: Change in designation of Mr. Stephen John Bell from Senior Vice President /Channel Network Head to Senior Vice President /Transformation Division Head; Promotion of Ms. Maris Lou S. Velicaria from First Vice President /Retail Credit Operations Head to Senior Vice President /Retail Credit Operations Head.
Buy Or Sell Opportunity • Jul 01Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.6% to ₱62.90. The fair value is estimated to be ₱82.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.
Buy Or Sell Opportunity • Jun 21Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.0% to ₱66.15. The fair value is estimated to be ₱84.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.
공시 • Jun 14Security Bank Corporation Announces Resignation of Luis Gregorio M. Maloles as Senior Vice President, Senior Relationship Manager, Team Head 2Security Bank Corporation announced resignation of Luis Gregorio M. Maloles as Senior Vice President, Senior Relationship Manager, Team Head 2, effective July 1, 2024. Reason: Personal.
Reported Earnings • May 16First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: ₱3.49 (up from ₱3.13 in 1Q 2023). Revenue: ₱21.9b (up 139% from 1Q 2023). Net income: ₱5.26b (up 123% from 1Q 2023). Profit margin: 24% (down from 26% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
공시 • May 08+ 1 more updateSecurity Bank Corporation Announces End of Employment of Daniel S. Dy as Senior Vice President and Executive DirectorSecurity Bank Corporation announced that Mr. Daniel S. Dy employment will end effective May 7, 2024. Position/Designation: Senior Vice President /Executive Director. He will focus on his role in overseeing the Bank's affairs as a Non-Executive Director.
Price Target Changed • Apr 17Price target decreased by 7.4% to ₱93.23Down from ₱101, the current price target is an average from 8 analysts. New target price is 37% above last closing price of ₱68.25. Stock is down 24% over the past year. The company is forecast to post earnings per share of ₱15.00 for next year compared to ₱12.08 last year.
Declared Dividend • Mar 28Final dividend of ₱1.50 announcedDividend of ₱1.50 is the same as last year. Ex-date: 12th April 2024 Payment date: 29th April 2024 Dividend yield will be 4.4%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (24% payout ratio) and is expected to be well covered in 3 years' time (19% forecast payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ₱12.08 (vs ₱14.00 in FY 2022)Full year 2023 results: EPS: ₱12.08 (down from ₱14.00 in FY 2022). Revenue: ₱38.3b (up 3.5% from FY 2022). Net income: ₱9.11b (down 14% from FY 2022). Profit margin: 24% (down from 28% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
공시 • Feb 27Security Bank Corporation Approves Change in Assignments of Senior OfficersSecurity Bank Corporation announced approval of the Board of Directors of the Change in Assignments of Senior Officers. Lucose T. Eralil has been re-designated from Executive Vice President/Enterprise Technology and Operations Segment Head to Executive Vice President /Chief Operating Officer and Ma. Patricia N. Tan has been re-designated from Senior Vice President/Customer Segmentation Head to Senior Vice President /Chief Marketing Officer, effective March 1, 2024.
공시 • Nov 21Security Bank Corporation to Report Q3, 2023 Results on Nov 22, 2023Security Bank Corporation announced that they will report Q3, 2023 results on Nov 22, 2023
Reported Earnings • Nov 14Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: ₱3.52 (up from ₱3.06 in 3Q 2022). Revenue: ₱9.54b (up 6.4% from 3Q 2022). Net income: ₱2.65b (up 15% from 3Q 2022). Profit margin: 28% (up from 26% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 4.9%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Nov 02Upcoming dividend of ₱1.50 per share at 3.9% yieldEligible shareholders must have bought the stock before 09 November 2023. Payment date: 24 November 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Filipino dividend payers (5.7%). Higher than average of industry peers (3.3%).
공시 • Oct 25+ 1 more updateSecurity Bank Corporation Approves Regular Semestral Cash Dividend, Payable on November 24, 2023The Board of Directors of Security Bank Corporation, in its meeting held on October 24, 2023, approved Cash Dividend Declaration of PHP 1.50 per Common Share, representing regular semestral cash dividend. The record date for SBC's PHP 1.50 per share cash dividend is on November 10, 2023, while the payment date falls on November 24, 2023.
Price Target Changed • Oct 12Price target decreased by 7.3% to ₱102Down from ₱110, the current price target is an average from 7 analysts. New target price is 31% above last closing price of ₱77.95. Stock is down 5.7% over the past year. The company is forecast to post earnings per share of ₱14.18 for next year compared to ₱14.00 last year.
Price Target Changed • Oct 03Price target decreased by 7.4% to ₱106Down from ₱115, the current price target is an average from 8 analysts. New target price is 31% above last closing price of ₱81.00. Stock is down 1.2% over the past year. The company is forecast to post earnings per share of ₱14.43 for next year compared to ₱14.00 last year.
Reported Earnings • Aug 12Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: ₱3.39 (down from ₱4.67 in 2Q 2022). Revenue: ₱9.84b (up 2.3% from 2Q 2022). Net income: ₱2.55b (down 28% from 2Q 2022). Profit margin: 26% (down from 37% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
공시 • Jul 26Security Bank Corporation Announces Executive ChangesSecurity Bank Corporation informed that the Board of Directors of Security Bank Corporation, in its meeting held, July 25, 2023, confirmed the approval by the Nominations and Remuneration Committee of the following: 1. Hiring of Ms. Amaneci Grace R. De Silva as Senior Vice President and Shared Services Technology Head under Office of the Chief Technology Officer. Ms. De Silva is targeted to report on August 1, 2023. 2. Appointment of Mr. John Cary L. Ong as Executive Vice President and Wholesale Banking Segment Head effective July 25, 2023.
공시 • Jul 22+ 1 more updateSecurity Bank Corporation Announces Retirement of Raul Martin A. Pedro as Executive Vice President / Special Adviser to the Chairman, Effective September 30, 2023Security Bank Corporation announced the retirement of Mr. Raul Martin A. Pedro as Executive Vice President /Special Adviser to the Chairman, effective September 30, 2023.
공시 • Jul 06Security Bank Corporation Announces Executive ChangesSecurity Bank Corporation announced that at the board meeting held on June 27, 2023, the company approved the appointment as Director of Maria Cristina A. Tingson effective June 27, 2023. MARIA CRISTINA A. TINGSON, 62, Filipino. She is a Director of SB Finance Inc. (since February 2012) and SB Rental Corporation (since May 2014). She was an Executive Vice President and Head of the Retail Banking Segment of Security Bank Corporation (SBC) until December 31, 2022. She was also a member of the Bank's Assets and Liabilities and People Empowerment Committees and an alternate member of the Credit Committee. Ms. Tingson was the President of SB Cards Corporation (2015-2017). Prior to her appointment as President of SB Cards Corporation, she was the Senior Vice President and Head of Corporate Banking until 2012. She joined the SBC as an Account Assistant in 1982 and assumed various positions including Relationship Manager and Head of Enterprise Risk Management of the Corporate Banking Division before assuming her position as Corporate Banking Head in 2008. Hiring of Mr. Rahul Mahesh Sadarangani as Senior Vice President and Transformation Head under Office of the President. Mr. Sadarangni's qualification and business experience covers almost 23 years of work experience including the following: Morgan Stanley 2021 2023, Cloud BU Enablement Lead, Acron Techsolutions Pvt Ltd. 2019 2021 Chief Technology Officer, Edelweiss Securities Pvt Ltd. 2017 - 2019 CTO, Associate Director, Fullerton India Troup (Temasek Group) 2014 2017 Senior Vice President Information Technology, Credit Suisse 2013 2014 Vice President Information Technology, Deutsche Bank 2006 2013 Vice President Technology, Various Positions and Other Companies - 2000 2006. Promotion of the following 5 Officers: Nerissa Gloria C. Berba from Senior Vice President /Human Capital Management Head to Executive Vice President /Human Capital Management Head. Rahul S. Rasal from Senior Vice President /Retail Banking Segment Head to Executive Vice President /Retail Banking Segment Head. Ma. Paz Victoria R. Gonzalez from First Vice President/Secured Lending Head to Senior Vice President/Secured Lending Head. Irene E. Guban from First Vice President/Retail Strategy and Analytics Head to Senior Vice President/Retail Strategy and Analytics Head. Ma. Carmencita R. Lopez from First Vice President/Trust Officer/Trust and Asset Management Group Head to Senior Vice President/Trust Officer/Trust and Asset Management Group Head. Effective date of change is July 1, 2023.
공시 • Jun 29Security Bank Corporation Announces Board ChangesSecurity Bank Corporation announced that the board of directors of the company, in its board meeting held June 27, 2023, approved the endorsement of the nomination and remuneration committee of the following board committee assignments effective June 27, 2023: Executive Committee: Chairman: Cirilo P. Noel; Members: Sanjiv Vohra; Daniel S. Dy; Diana P. Aguilar; Enrico S. Cruz (ID); Esther Wileen S. Go (ID). Nominations and Remuneration Committee: Chairperson: Jikyeong Kang (ID); Vice Chairman: Enrico S. Cruz (ID); Member: Gerard H. Brimo (ID); Daniel S. Dy; Maria Cristina A. Tingson. Senior Credit Committee: Chairman: Alfonso L. Salcedo, Jr.; Vice Chairman: Cirilo P. Noel; Members: Sanjiv Vohra; Enrico S. Cruz (ID); Maria Cristina A. Tingson; Alternate: Daniel S. Dy; Advisor: Rafael F. Simpao, Jr. Restructuring Committee: Chairman: Alfonso L. Salcedo, Jr.; Members: Sanjiv Vohra; Maria Cristina A. Tingson.
공시 • May 31Security Bank Corporation Appoints Prakash S. Mahajan as a Senior Vice President and Corporate & FMS Technology HeadSecurity Bank Corporation appointed Prakash S. Mahajan as a Senior Vice President and Corporate & FMS Technology Head. Date of appointment is May 30, 2023. Mr. Mahajan's qualification and business experience covers 23 years of work experience including the following: 2019 2023 NSEIT Limited Vice President - Digital, 2018 2019 Siam Commercial Bank, Thailand (through Helius Technologies Pte Ltd., Singapore) Program Manager, 2014 2018 Indus Software Technologies Pvt Ltd. (now Ebixcash) Vice President Head of Product, 2012 2014 - Customer Sakal Media Group Consultant Digital Media, 2005 2012 - S1 Services Inc. (now ACI Worldwide) Senior Director Business Unit Head, 2002 2005 - Indus Software Project Manager, 1998 2001 - Octon Technologies Pvt. Ltd. Project Manager Regional Head, 1994 1998 - RPG Group, Humphery and Glasgows (UK) and Ajay Metachem Various Non-IT Experience.
Reported Earnings • May 13First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: ₱3.13 (down from ₱3.62 in 1Q 2022). Revenue: ₱9.18b (flat on 1Q 2022). Net income: ₱2.36b (down 13% from 1Q 2022). Profit margin: 26% (down from 30% in 1Q 2022). Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year.
Upcoming Dividend • Apr 04Upcoming dividend of ₱1.50 per share at 3.2% yieldEligible shareholders must have bought the stock before 11 April 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Filipino dividend payers (5.6%). Higher than average of industry peers (2.8%).
Reported Earnings • Mar 15Full year 2022 earnings released: EPS: ₱14.00 (vs ₱9.17 in FY 2021)Full year 2022 results: EPS: ₱14.00 (up from ₱9.17 in FY 2021). Revenue: ₱37.0b (up 17% from FY 2021). Net income: ₱10.6b (up 53% from FY 2021). Profit margin: 28% (up from 22% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.
공시 • Feb 06Security Bank Corporation to Report Q4, 2022 Results on Feb 07, 2023Security Bank Corporation announced that they will report Q4, 2022 results at 12:30 PM, Singapore Standard Time on Feb 07, 2023
공시 • Jan 25Security Bank Corporation Announces the Resignation of Anton Khlon as Senior Vice President / Chief Information Officer, Effective February 17, 2023Security Bank Corporation announced the resignation of Anton Khlon as Senior Vice President /Chief Information Officer, effective February 17, 2023. Reason: Personal Reason.
공시 • Jan 24+ 2 more updatesSecurity Bank Corporation Approves Executive ChangesThe Board of Directors of Security Bank Corporation, in its meeting held on January 24, 2023, confirmed the approval by the Nominations and Remuneration Committee of the following: Hiring of Mr. Arnold Q. Bengco as Executive Vice President and Financial Markets Segment Head under the Financial Markets Segment. Mr. Bengco is targeted to report on February 15, 2023. Hiring of Mr. Joselito E. Mape as Executive Vice President and Senior Adviser to the Chairman effective February 1, 2023. Hiring of Mr. Dennis M. Tangonan as Senior Vice President and Cloud and Infrastructure Division Head under Office of the Chief Information Officer. Mr. Tangonan is targeted to report on January 30, 2023. Appointment of Mr. Raul Martin A. Pedro as Executive Vice President and Special Adviser to the Chairman effective February 15, 2023. Mr. Pedro will assume the role as Special Adviser until his formal retirement on September 30, 2023. Mr. Bengco's qualification and business experience covers 24 years of work experience including the following: Temasek Holdings, Singapore - 2021 - 2023 as Treasury Project Consultant. Barclays, Singapore - 2018 - 2019 as Emering Markets FX Head. OCBC Bank, Singapore - 2016 - 2017 as Trading Management, Global Treasury. Dymon Asia Capital, Singapore - 2013 - 2015 as Macro Portfolio Manager. Citibank, Singapore - 2007 - 2013 as Managing Director, Regional Head of Asian Currencies and Emerging Markets Trader (FX and Government Bonds). Mr. Mape's qualification and work experience covers the following: Security Bank Corporation 1996 - 2023 as Senior Advisor, Chief Administrative Officer and Chief Financial Officer. Cityland Development Corporation - 1996 - 1998 as Senior Manager of Financial Management Services Division. SGV & Co. - 1984 - 1988 as Senior Auditor. Current Directorship: SB Equities Inc. since 2015. SB Rental Corporation since 2014 (Director and Treasurer). SBM Leasing Inc. since 2011 (Director and Treasurer). Bank Foundation Inc. since 2009 (Trustee and Treasurer). Cityland for Social Progress Foundation Inc. since 2018. Past Directorship: Security Land Corporation - 2010 to 2015 and SB Finance Company Inc. - 2018 to 2020. Mr. Bengco's qualification and business experience covers 25 years of work experience including the following: Banco de Oro - 2000 - 2023 as Head of IT Infrastructure and Operations, Head of Cloud and Digital Infrastructure Group, Head of IT-Data Centre Operations and Head of IT Infrastructure Management. Citibank N.A., Singapore - 2007 - 2009 as Head of Data Center Technology Infrasctructure Services. United Overseas Bank, Singapore - 2005 - 2006 as Team Lead of IT Security. Maybank, Malayan Banking Berhad - 1999 - 2020 as Team Lead of IT Security.
공시 • Jan 04Security Bank Corporation Announces Retirement of Joselito E. Mape as Executive Vice President, Effective February 1, 2023Security Bank Corporation announced retirement of Mr. Joselito E. Mape Executive Vice President, effective February 1, 2023.
공시 • Nov 30Security Bank Corporation Announces Management Changes, Effective Jan. 01 2023Security Bank Corporation announced the retirement of Maria Cristina A. Tingson as Executive Vice President /Retail Banking Segment Head and Jeanette S. Keh as Senior Vice President /Senior Advisor with effect from Jan. 01 2023. The company also announced the Promotion or Change in Designation of Rahul S. Rasal from Senior Vice President /Retail Product Group Head to Senior Vice President /Retail Banking Segment Head, Charles Malvin S. Ching from Senior Vice President /Deputy Chief Administrative Officer to Senior Vice President/Chief Administrative Officer and Joselito E. Mape from Executive Vice President /Chief Administrative Officer to Executive Vice President /Senior Adviser to the Chairman of the company with effect from Jan. 01 2023.
Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: ₱3.06 (up from ₱2.27 in 3Q 2021). Revenue: ₱8.96b (up 20% from 3Q 2021). Net income: ₱2.31b (up 35% from 3Q 2021). Profit margin: 26% (up from 23% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • Oct 31Upcoming dividend of ₱1.50 per shareEligible shareholders must have bought the stock before 07 November 2022. Payment date: 24 November 2022. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Filipino dividend payers (5.8%). Higher than average of industry peers (2.6%).
공시 • Oct 26Security Bank Corporation Approves Cash Dividend, Payable on November 24, 2022Security Bank Corporation announced that the Board of Directors of Security Bank Corporation, in its meeting held on October 25, 2022, approved Cash Dividend Declaration of PHP 1.50 per Common Share, representing regular semestral cash dividend. The record date for SBC's PHP 1.50 per share cash dividend is on November 10, 2022, while the payment date falls on November 24, 2022.
공시 • Oct 22Security Bank Corporation Appoints Juan Alfredo Mestas Jara as Senior Vice President and IT Central API Team HeadSecurity Bank Corporation announced the appointment of Juan Alfredo Mestas Jara as Senior Vice President and IT Central API Team Head, effective September 27, 2022.
공시 • Sep 28Security Bank Corporation Announces Change in Designation of Ricardo G. Torres from Senior Vice President / Chief Technology Officer to Senior Vice President / Special Projects Head, Effective October 1, 2022Security Bank Corporation announced change in designation of Ricardo G. Torres from Senior Vice President /Chief Technology Officer to Senior Vice President /Special Projects Head, effective October 1, 2022.
공시 • Aug 30Security Bank Corporation Appoints Juan Alfredo Mestas Jara as Senior Vice President and IT Central API Team Head Under Information Technology GroupSecurity Bank Corporation at its board meeting held on August 30, 2022 confirmed the approval by the Nominations and Remuneration Committee of the hiring of Mr. Juan Alfredo Mestas Jara as Senior Vice President and IT Central API Team Head under Information Technology Group. Mr. Jara is targeted to report upon securing appropriate work permit and /or visa. Mr. Jara's qualification and business experience covers 21 years of work experience including the following: G42 UAE 2021 - 2022 - Group Head of Enterprise Architecture and Platform Engineering, PwC Singapore 2020 - 2021 - Director for the CIO Advisory, UOB Group Bank, Singapore - 2017 2019 - Leader of the Enterprise Architecture, AIB Bank, Ireland - 2016 2017 - Senior Manager for Digital Architecture, Deloitte & Touche, EMEA - 2015 -2016 - Senior Solutions Architecture Manager. Deloitte & Touche, America - 2011 2015 - Architecture Manager Lead, Microsoft Latam Regional Director (DPE) - 2007 2011 - Microsoft Advocate, Banco Financiero, Ecuador - 2005 - 2007 - Software Architect, Sixbell, Chile - 2003 - 2005 - Oracle HLR Architect, and Sonda, Peru - 2001 - 2003 - Senior Software Engineer.
Reported Earnings • Aug 17Second quarter 2022 earnings: Revenues exceed analyst expectationsSecond quarter 2022 results: Revenue: ₱9.62b (up 28% from 2Q 2021). Net income: (flat on 2Q 2021). Profit margin: 0% (in line with 2Q 2021). Revenue exceeded analyst estimates by 4.9%. Over the next year, revenue is forecast to grow 21%, compared to a 22% growth forecast for the Banks industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
공시 • Aug 16Security Bank Corporation Announces Resignation of Edward B. Mallari, Senior Vice President, Effective September 16, 2022Security Bank Corporation announced that Mr. Edward B. Mallari, Senior Vice President who has tendered his resignation effective September 16, 2022.
공시 • Aug 12Security Bank Corporation(PSE:SECB) dropped from Philippines PSE Composite IndexSecurity Bank Corporation has been removed from Philippines PSE Composite Index .
Recent Insider Transactions • Aug 03Insider recently bought ₱869k worth of stockOn the 1st of August, Enrico Cruz bought around 10k shares on-market at roughly ₱86.90 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱28m. Insiders have collectively bought ₱75m more in shares than they have sold in the last 12 months.
공시 • Jul 19Security Bank Corporation Announces the Resignation of Gelene W. Lee as Senior Vice President, Effective July 31, 2022Security Bank Corporation informed that Ms. Gelene W. Lee, Senior Vice President of the company has tendered her resignation effective July 31, 2022.
공시 • Jun 29Security Bank Corporation Announces Executive ChangesThe Board of Directors of Security Bank Corporation, in its meeting held on June 28, 2022, confirmed the approval by the Nominations and Remuneration Committee of the hiring of 2 Senior Officers and promotion of 3 Senior Officers. Mr. Lucose Eralil as Executive Vice President and Enterprise Technology and Operations Segment Head. Mr. Eralil is targeted to report upon securing the proper work permit and/or visa. Mr. Eralil's qualifications and business experience cover almost 30 years of work experience including the following: Helius Technologies /AlphaEl Enterprises, Singapore (2014 - present): Director, Consulting and Advisory (Helius); Managing Director, Consulting Advisory, Product Development (AlphaEl). Credit Suisse, Singapore, India, Poland (1997 - 2014): Managing Director, Global Head, Technology Operations, Production and Testing; Managing Director, Country Head (COE); Director, Country Head (COE); Director, Operations Head (COE); Director, Reginal Head APAC, Shared Services Technology. NIIT, Pune (1992 - 1996): Senior Systems Executive. Mr. Patrick Mel Meneses as Senior Vice President and Chief Data Officer of Enterprise Data Office under Group Strategy. Mr. Meneses is targeted to report on June 30, 2022. Mr. Meneses' qualifications and business experience cover 26 years of work experience including the following: MDI Novare (2021 - Present); Chief Data and Analytics Officer. SAS Institute PTE Ltd. (2018 - 2021): Asian Executive Director, Business Solutions; General Motors (2012 - 2018): Principal Engineering Director; Electronic Arts (2020 - 2012): Senior Technical Program Manager; Sun Microsystems (1999 - 2009): Senior Technical Program Manager; Hewlett-Packard (1997 - 1999): Senior Project Manager; Sun Microsystems (1996 - 1997): Order Operations Manager. Promotion of the following 3 Officers: Gina S. Go from Senior Vice President /Chief Risk Officer to Executive Vice President /Chief Risk Officer; Kim O. Lim from First Vice President /Region Head to Senior Vice President /Region Head; Maria Margarita R. Mirabueno from First Vice President /Wealth Management Division Head to Senior Vice President /Wealth Management Division Head. Date of approval is June 28, 2022. Effective date of change is July 01, 2022.
Price Target Changed • Jun 18Price target decreased to ₱130Down from ₱142, the current price target is an average from 10 analysts. New target price is 41% above last closing price of ₱92.10. Stock is down 25% over the past year. The company is forecast to post earnings per share of ₱12.15 for next year compared to ₱9.17 last year.
Recent Insider Transactions • Jun 07Senior VP & CTO recently bought ₱450k worth of stockOn the 2nd of June, Ricardo Torres bought around 5k shares on-market at roughly ₱90.00 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱31m. Insiders have collectively bought ₱74m more in shares than they have sold in the last 12 months.
공시 • Jun 01Security Bank Corporation Announces Executive AppointmentsSecurity Bank Corporation announced that the appointment of Mr. Gunneet S. Bali as Senior Vice President and Retail Channel Head under the Retail Banking Segment. The company also announced the appointment of Malcolm C. Yow as Senior Vice President and Retail IT Digital Team Head under Information Technology as senior vice presidents, at the board meeting held on May 31, 2022.
