TMBThanachart Bank Public Company Limited (SET: TTB) delivered a resilient financial performance in the third quarter of 2026, posting a net profit attributable to equity holders of THB 5,457 million. This represents a 3% increase compared to THB 5,299 million recorded in 3Q25. For the first nine months of 2026, net profit expanded 4.8% year-over-year to THB 16,139 million, yielding a return on equity of 9.1%.
Total operating income reached THB 16,786 million in 3Q26, up 2.9% year-over-year. Net interest income grew 2.9% year-over-year to THB 12,763 million, propelled by a 22.5% drop in interest expenses through proactive deposit repricing and liability optimization. Consequently, the net interest margin widened by 12 basis points year-over-year to 3.09%.
Non-interest income also rose 2.9% year-over-year to THB 4,023 million, supported by a 12.4% recovery in net fee and service income. Meanwhile, non-interest expenses rose 3.3% year-over-year to THB 7,644 million, mainly reflecting higher employee-related costs, including incentives and personnel expenses associated with business expansion at ttb wealth and ttb leasing.
The cost-to-income ratio stood at 46%, unchanged from the previous quarter but slightly above the 45% recorded in 3Q25.
Total loans to customers stood at THB 1.187 trillion as of September 30, 2026, rising 0.3% quarter-over-quarter but contracting 1.5% year-to-date. The bank maintained selective lending growth, shifting toward targeted high-yield retail products while de-risking auto hire-purchase and SME portfolios.
On credit quality, Stage 3 non-performing loans declined to THB 38,663 million from THB 39,217 million in 3Q25, resulting in a consolidated NPL ratio of 2.88%. Expected credit loss provisions totaled THB 4,078 million (+2.5% YoY) as management set aside conservative overlays, elevating the loan loss reserve coverage ratio to 159%. TTB maintained strong capital stability, reporting a capital adequacy ratio of 18.8%.
