TISCO Financial Group Public Company (TISCO) Q3 2024 earnings summary

Executive summary

• Consolidated net profit for the nine months ended 30 September 2024 was THB 5,199.8 million, down from THB 5,521.3 million year-over-year.

• Total comprehensive income for the period was THB 5,222.4 million, compared to THB 5,494.7 million in the prior year.

• The auditor's review found no material misstatements in the interim financial information.

Financial highlights

• Total assets as of 30 September 2024 were THB 277,580.1 million, down from THB 290,724.3 million at year-end 2023.

• Net interest income for the nine months was THB 10,168.3 million, up slightly year-over-year.

• Net fee and service income for the nine months was THB 3,661.0 million, up from THB 3,616.1 million year-over-year.

• Operating expenses for the nine months were THB 6,910.6 million, down from THB 6,987.8 million year-over-year.

• Basic earnings per share for the nine months was THB 6.49, compared to THB 6.90 in the prior year.

Outlook and guidance

• Management expects no significant impact from new financial reporting standards effective in 2025.

• The Group maintains a strong capital adequacy ratio, well above regulatory requirements.