TMBThanachart Bank (TTB) investor relations material

Executive summary

• Net profit for 1Q26 was THB 5,170 million, up 1.4% YoY and down 1.3% QoQ, demonstrating resilience amid challenging macroeconomic and geopolitical conditions.

• Total comprehensive income declined to THB 4,421.3 million from THB 5,222.7 million YoY, mainly due to losses on investments in debt and equity instruments.

• NIM held at 3.02% due to a shift toward high-yield retail lending and effective funding cost management.

• Strategic fee income showed positive YoY growth, offsetting seasonal QoQ decline.

• OPEX declined 1.5% QoQ, with C/I ratio at 45%, reflecting ongoing cost discipline and digital transformation.

Financial highlights

• Net profit for 1Q26 was THB 5.2bn, up 1.4% YoY and down 1.3% QoQ.

• Net interest income for Q1 2026 was THB 12,150.4 million, down from THB 13,218.8 million in Q1 2025.

• Net fees and service income increased to THB 2,864.9 million from THB 2,347.8 million YoY.

• Loan growth contracted by 2.2% YTD, mainly due to declines in commercial and SME segments, while targeted high-yield retail loans grew.

• Deposit growth declined 1.1% YTD, driven by runoff of high-cost term deposits.

• Total assets as of March 31, 2026 were THB 1,682,697 million, down from THB 1,701,966 million at December 31, 2025.

• Total equity stood at THB 242,520.5 million as of March 31, 2026.

• Non-NII grew 16.2% YoY, with fee income from retail and wealth management as key drivers.

• C/I ratio at 45%, in line with target.

Outlook and guidance

• Full-year NIM target remains challenging amid continued rate cuts; focus will remain on high-yield lending and funding cost optimization.

• Loan growth expected to be subdued, with selective expansion in high-yield retail segments.

• Continued emphasis on digital transformation and ecosystem play to drive efficiency and customer engagement.

• CET1 at 17.7% provides flexibility for capital management and supports a high dividend payout ratio and share repurchase program.