Türkiye Is Bankasi (ISCTR) Q3 2025 earnings summary

Executive summary

• Delivered strong Q3 and 9M 2025 results, with net profit reaching TL 44 billion and total assets at TL 4.2 trillion, driven by robust swap-adjusted net interest margin, disciplined cost management, and sustainable growth focus.

• Maintained solid asset quality, strong digitalization focus, and won multiple digital banking awards.

• Achieved exceptional cost discipline and improved capital and liquidity metrics.

Financial highlights

• Swap-adjusted net interest income rose 116% quarter-on-quarter and nearly quadrupled year-on-year; net interest income for Jan–Sep 2025 was TL 204.3 billion.

• Net fee income grew 10% sequentially and 47% year-on-year in Q3, reaching TL 95.8 billion for 9M 2025.

• Year-over-year net profit increased by 78% in Q3; net income for 9M 2025 rose 26.9% to TL 44,002 mn.

• Total assets reached TL 4.2 trillion, up 27% year-to-date; loans grew 30.7% YTD, deposits up 34%.

• Return on tangible equity reached 20%, return on average tangible assets was 1.6%, and capital adequacy ratio stood at 17.85%.

Outlook and guidance

• Expect positive momentum in net interest margin to continue, targeting an exit NIM of around 5% for 2025 and NPL ratio around 3%.

• 2025 guidance: TL loan growth ~35% year-over-year, NIM expansion ~350 bps, net fees & commissions growth ~50%, OPEX growth ~50%, CAR >15%, ROAE ~25%.

• Fee to OpEx ratio expected to reach 100% in 2026, supported by digitalization and process automation.

• No change in year-end 2025 expectations; focus on digitalization and sustainable growth.