TMBThanachart Bank (TTB) Q4 2025 earnings summary

Executive summary

• Delivered resilient performance in 2025 despite global and domestic headwinds, including economic slowdown, high household debt, and natural disasters.

• Net profit reached THB 20,639 million, down 2% YoY, supported by disciplined asset-liability management and cost control.

• Total assets decreased to 1,701,965,779 thousand Baht as of December 2025 from 1,748,522,500 thousand Baht in December 2024.

• Total liabilities declined to 1,457,771,871 thousand Baht from 1,510,710,133 thousand Baht year-over-year.

• Total equity increased to 244,193,908 thousand Baht from 237,812,367 thousand Baht year-over-year.

Financial highlights

• Loan growth was -2.9% YTD, while deposit growth was -4.4% YTD.

• Net interest margin (NIM) softened to 3.04% (-22 bps YoY), reflecting rate cut impacts.

• Net interest income for 2025 was 50,636,764 thousand Baht, down from 56,451,644 thousand Baht in 2024.

• Non-interest income (Non-NII) grew 16.2% YoY, driven by fee-based businesses.

• Net fees and service income rose to 10,208,819 thousand Baht from 9,373,370 thousand Baht year-over-year.

Outlook and guidance

• 2026 targets: loan growth approx. 0–2%, deposit growth in line, NIM 3.0–3.1%, single-digit Non-NII growth, C/I ratio in the mid-40s, Stage 3 loans ≤3.2%, and credit cost 130–135 bps.

• Continued focus on quality growth, digital scaling, and proactive risk management.

• Comprehensive income growth driven by gains on investments in equity instruments at fair value.

• Remaining THB 15.9 billion of buyback programs for 2026–2027 to support shareholder returns.