TMBThanachart Bank Public Company Limited (SET: TTB) has announced its 3Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 3Q25 | 3Q24 |
| Net Profit (Loss) Million Baht |
5,299.09 | 5,270.96 |
| Earning Per Share (Baht) |
0.06 | 0.05 |
| % Change | 0.53 | |
| 9 Months | 9M25 | 9M24 |
| Net Profit (Loss) Million Baht |
15,399.37 | 16,038.86 |
| Earning Per Share (Baht) | 0.16 | 0.16 |
| % Change | -3.99 | |
TTB reported a net profit of THB5,299 million in 3Q25, which increased by 5.9% QoQ and 0.5% from the same period last year. The performance improvement for the quarter was underpinned by the recovery of Non-NII and disciplined management of operating and risk costs while the NIM was pressured from the sooner-than-expected interest rate cuts.
TTB recorded THB12,405 million of net interest income (NII) in 3Q25, decreasing by 2.6% compared to the previous quarter (QoQ) and by 11.8% compared to the same period last year (YoY). The NII reduction was attributed to the policy rate cut cycle, accumulatively made the fourth cut as of August 2025, as well as our customer assistance program through ‘You Fight, We Help’, which altogether pressured the loan yield.
NIM stood at 2.97% in 3Q25 which declined by 10 bps from 3.07% in 2Q25 and 29 bps from 3.26% in 3Q24. The YoY decrease was mainly owing to lower earning asset yield given a relatively lower rate environment compared to 3Q24. Still, the improved funding cost contributed positively to YoY interest margin.
For the third quarter, the Bank posted THB3,908 million of non-interest income in 3Q25, which increased by 23.1% YoY mainly due to net fees and service income, gain on sales of properties foreclosed and other assets, gain on financial instrument measured at fair value through profit or loss, net fees and service income and other incomes.
As of 3Q25, the total ECL was reported at THB3,980 million, decreasing 7.3% QoQ and 16.5% YoY, or equivalent to 131 bps in terms of credit cost. Through disciplined risk management and stringent underwriting criteria support, the overall asset quality improved and remained manageable, reflected in gradual decline in ECL level.
On a consolidated basis, the NPL ratio stood at 2.81%, increased from 2.73% in June 2025, remaining within the Bank’s guidance of below 2.9%.
At the end of September 2025, the Bank has the remaining tax benefit of THB6.9 billion to be subsequently recognized within 2028. The recognition will not be on a straight-line basis but will be subject to the estimation of future net profit stream.
The tax benefit was THB8.2 billion at the end of the second quarter of 2025.
