Kasikornbank Public Company (KBANK) Q4 2025 earnings summary

Executive summary

• Maintained resilient performance amid macroeconomic headwinds, focusing on disciplined execution of strategic priorities and prudent risk management.

• Continued leadership in digital banking, wealth management, and customer satisfaction, with recognition in sustainability indices.

Financial highlights

• Total assets at Bt4,559bn, loans at Bt2,477bn, and deposits at Bt2,850bn as of end-2025.

• Net interest margin (NIM) declined to 3.23% in 2025, reflecting lower interest rates and focus on asset quality.

• Net fee income grew 6% YoY, driven by wealth management and payment services.

• Non-interest income rose 15% YoY, accounting for 30% of total net operating income.

• Cost to income ratio increased to 43.56% due to lower income and one-time employee expenses.

Outlook and guidance

• Double-digit ROE target maintained, with timing dependent on macroeconomic recovery.

• CET1 ratio target raised to ≥15% in the medium term to strengthen capital buffers.

• Dividend payout policy of ≥50%, aiming for 50-60% in the medium term, with potential for special dividends or share buybacks.

• Loan growth guidance for 2025 set at 3.3-3.5%, with a focus on selective, quality expansion.