BRAC Bank (BRACBANK) Q1 2025 earnings summary

Executive summary

• Net profit after tax rose to BDT 4.02 billion for Q1 2025, up from BDT 2.73 billion year-over-year, driven by higher investment and interest income.

• Consolidated earnings per share (EPS) increased to 2.27 from 1.54, and standalone EPS reached 2.06 from 1.54 year-over-year.

• Net operating cash flow per share (NOCFPS) surged to 54.40 (consolidated) and 28.83 (standalone), reflecting strong deposit mobilization and borrowings.

• Total assets grew to BDT 1.17 trillion (consolidated), with deposits at BDT 873.2 billion and loans and advances at BDT 625.0 billion.

Financial highlights

• Consolidated operating income reached BDT 19.03 billion, up from BDT 14.82 billion year-over-year.

• Investment income more than doubled to BDT 9.83 billion (consolidated) and BDT 7.33 billion (standalone) year-over-year.

• Net interest income (consolidated) was BDT 4.10 billion, up from BDT 4.58 billion year-over-year; standalone net interest income declined to BDT 3.26 billion from BDT 3.96 billion.

• Cost of fund increased to 6.85% (consolidated) and 7.48% (standalone) from 6.41% and 6.83% respectively.

• Return on equity (ROE) improved to 19.93% (consolidated) and 18.68% (standalone), while return on assets (ROA) was 1.44% and 1.52% respectively.

Outlook and guidance

• Board proposed a 25% dividend (12.5% cash, 12.5% stock) for 2024, subject to shareholder approval in June 2025.

• Management expects continued stable performance, supported by strong capital adequacy and asset quality.