TTB Gains 3% after 3Q Earnings Beat Consensus from Better Performance in All Segment

The share price of TTB made a jump right after the afternoon break on Thursday after announcing a 57% increase in 3Q22 earnings. The price jumped from a gain of 1.61% at the closing of the morning session to 3.23% as of 14:31 BKK Time.

Quarter 3Q22 3Q21
Net Profit (Loss)
Million Baht
3,714.64 2,358.65
Earning Per Share
0.0384 0.0245
% Change 57.49
9 Months 2022 2021
Net Profit (Loss)
Million Baht
10,347.87 7,674.71
Earning Per Share (Baht) 0.1071 0.0796
% Change 34.83

TMBThanachart Bank Public Company Limited (SET: TTB) has announced its 3Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

TTB reported a net profit of THB 3,714 million for the performance in 3Q22, increased 57.49% from a net profit of THB2,358 million in 3Q21. The increase was due to TTB’s better performance in all segments, especially a significant decrease in expected credit loss.

TTB recorded THB12,968 million of net interest income (NII) in 3Q22, relatively improved by 4.5% from previous quarter (QoQ) and 3.1% compared to the previous year (YoY).

The bank posted THB3,381 million of non-interest income in 3Q22, which decreased by 2.7% QoQ but increased 4.4% YoY. The QoQ change was due mainly to soft net fees and service income.

In this quarter, the Bank set aside expected credit loss of THB4,361 million, equivalent to a credit cost of 124 bps, which dropped by 0.5% QoQ and 21.1% YoY. This was attributable to the proactively front-loaded provision during the COVID-19 pandemic situation and well-managed asset quality.

Additionally, NPL ratio stood at 2.72% in 3Q22, rose from 2.63% in 2Q22.


Earnings in 3Q of TTB also beat expectations from Refinitiv consensus that estimated the bank to record THB3,198 million for the quarter.