Krung Thai Bank, or KTB, reported second quarter 2026 net profit of approximately 12 to 12.1 billion baht, growing around 8 to 9 percent from a year earlier and exceeding analyst forecasts, despite a 2.5 to 3 percent decline from the previous quarter. Key drivers included loan growth of 1.2 to 1.3 percent from the prior quarter, fee income expanding around 10 percent year on year, and cost control that brought the cost to income ratio down to around 38.9 to 39 percent. Asset quality remained strong, with non-performing loans stable at a low level of around 2.92 to 3.3 percent and a coverage ratio at a high 201.5 to 205.2 percent. The expected dividend yield stands at 4.9 to 6.3 percent per annum. However, net interest margin softened to around 2.44 to 2.5 percent, and there was pressure from non-interest income falling 11 percent from the prior quarter, along with a likely slowdown in second half 2026 earnings. Based on the latest research, most brokers maintain buy recommendations. UOB Kay Hian Securities has the highest target price at 52 baht, while Bualuang Securities gives 47 baht, DBS Vickers Securities and Phillip Securities each give 46 baht, Asia Plus Securities gives 45.5 baht, and Yuanta Securities Thailand gives 44 baht.
Krung Thai Bank Public Company LimitedQ2 2026 net profit beat expectations, with loan growth, fee income expansion, and cost control; brokers raised target prices.