MILITARY COMMERCIAL JOINT (MBB) Q1 2026 earnings summary

Executive summary

• Consolidated assets as of March 31, 2026, reached VND 1,611,223 billion, slightly down from VND 1,615,764 billion at year-end 2025.

• Net profit after tax for Q1 2026 was VND 7,515 billion, up 14.4% year-over-year from VND 6,568 billion.

• Loan portfolio quality remained stable, with non-performing loans (NPLs) at manageable levels.

Financial highlights

• Net interest income for Q1 2026 was VND 14,913 billion, up from VND 11,692 billion in Q1 2025.

• Total operating income reached VND 17,430 billion, with operating expenses at VND 4,347 billion.

• Pre-tax profit was VND 9,628 billion, up from VND 8,386 billion year-over-year.

• Earnings per share (EPS) for Q1 2026 was VND 933, compared to VND 815 in Q1 2025.

• Customer deposits stood at VND 905,918 billion, slightly down from VND 921,368 billion at year-end 2025.

Outlook and guidance

• Management expects continued growth in net interest income and profitability, supported by stable asset quality and diversified income streams.