SECURITY Bank Corp. (SECB) posted P7.4 billion in net income in the first nine months of 2017, up 12 percent from the year-ago level.

This result was driven by a 24 percent or P2.8 billion increase in net interest income to P14.3 billion.

Non-interest income including trading gains was P3.5 billion, a 15 percent or P.6 billion decrease.

For the third quarter alone from July 1 to September, net income increased 21 percent from the year-ago level to P2.14 billion, driven by a 22 percent growth in net interest income to P5 billion.

Security Bank has 298 branches and 694 ATMs to-date. (PR)