BRAC Bank (BRACBANK) Q1 2025 earnings summary

Executive summary

• FY’24 consolidated operating income rose 39% YoY to BDT 6,433 Cr and PAT increased 73% to BDT 1,432 Cr; Q1’25 operating income grew 28% to BDT 1,903 Cr and PAT rose 53% to BDT 486 Cr.

• FY’24 consolidated deposits grew 34% to BDT 66,857 Cr and loans rose 20% to BDT 62,337 Cr; Q1’25 deposits increased 36% YoY to BDT 71,859 Cr and loans rose 19% to BDT 62,442 Cr.

• Investment income drove reported earnings growth, offsetting lower net interest income in FY’24 and Q1’25; Q1’25 investment income more than doubled YoY to BDT 9.83 billion consolidated.

Financial highlights

• FY’24 standalone operating income rose 40% to BDT 4,425 Cr and PAT increased 66% to BDT 1,214 Cr; EPS was BDT 6.86, up 66%.

• Q1’25 standalone operating income increased 24% to BDT 1,267 Cr, PAT rose 34% to BDT 364 Cr and EPS increased 34% to BDT 2.06.

• FY’24 consolidated EPS was BDT 6.95, up 62%; Q1’25 consolidated EPS was BDT 2.27, up 47%.

• Q1’25 consolidated net interest income was BDT 4.10 billion, down from BDT 4.58 billion; standalone net interest income fell to BDT 3.26 billion from BDT 3.96 billion.

• Q1’25 consolidated ROE was 19.93% and ROA was 1.44%; standalone ROE was 18.68% and ROA was 1.52%.

Outlook and guidance

• Bangladesh Bank adopted a market-driven, free-floating exchange rate from May 2025; the Governor expected inflation to fall below 7% by August 2025.

• External financing of $3.5 Bn from multilateral sources was expected by June 2025 to support foreign-exchange reserve build-up.

• A 25% dividend for 2024 was proposed, split equally between cash and stock, subject to shareholder approval in June 2025; management expected continued stable performance.