TMBThanachart Bank, or TTB, reported a second-quarter 2026 net profit of 5.513 billion baht, up 10.17% from the same period last year, bringing first-half 2026 net profit to 10.683 billion baht, a 6% increase year-on-year. Net interest income stood at 12.265 billion baht, down 3.7% due to the impact of policy rate cuts and lower loan volumes under a prudent loan growth strategy. The net interest margin was 3.03%, edging up from 3.02% in the second quarter of 2025. Net fee and service income was 3.144 billion baht, up 39.6%, and non-interest income reached 5.079 billion baht, up 39.5%, lifting total operating income to 17.343 billion baht, a 5.9% increase. On asset quality, non-performing loans were stable at approximately 39 billion baht, representing an NPL ratio of 2.93% for the seventh consecutive quarter. First-half provisioning expenses fell 9% from a year earlier, with credit cost at 1.36%, and the coverage ratio rose to 157% from 152% at the end of 2025. Earnings per share for the quarter were 0.06 baht, up 20% from 0.05 baht in the second quarter of 2025, reflecting the impact of three rounds of share buybacks totaling 10.03828 billion shares, or 10.29%, worth 21 billion baht, out of a total buyback program of up to 35 billion baht by the end of 2028. As of the end of the second quarter of 2026, 14 billion baht remained under the buyback authorization. With the share price up over 20% in the past month and 30% over three months, exceeding book value of 2.77 baht and the consensus target of 2.81 baht, there is speculation that TTB may shift to paying a special dividend of up to around 0.14 baht per share, representing a dividend yield of 4.8% in 2026, instead of further buybacks.
TMBThanachart Bank Public Company LimitedTTB reported 10% profit growth and 20% EPS surge driven by share buybacks, with potential special dividend.