The share price of TTB made a jump right after the afternoon break on Thursday after announcing a 57% increase in 3Q22 earnings. The price jumped from a gain of 1.61% at the closing of the morning session to 3.23% as of 14:31 BKK Time.
| Quarter | 3Q22 | 3Q21 |
| Net Profit (Loss) Million Baht |
3,714.64 | 2,358.65 |
| Earning Per Share (Baht) |
0.0384 | 0.0245 |
| % Change | 57.49 | |
| 9 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
10,347.87 | 7,674.71 |
| Earning Per Share (Baht) | 0.1071 | 0.0796 |
| % Change | 34.83 | |
TMBThanachart Bank Public Company Limited (SET: TTB) has announced its 3Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
TTB reported a net profit of THB 3,714 million for the performance in 3Q22, increased 57.49% from a net profit of THB2,358 million in 3Q21. The increase was due to TTB’s better performance in all segments, especially a significant decrease in expected credit loss.
TTB recorded THB12,968 million of net interest income (NII) in 3Q22, relatively improved by 4.5% from previous quarter (QoQ) and 3.1% compared to the previous year (YoY).
The bank posted THB3,381 million of non-interest income in 3Q22, which decreased by 2.7% QoQ but increased 4.4% YoY. The QoQ change was due mainly to soft net fees and service income.
In this quarter, the Bank set aside expected credit loss of THB4,361 million, equivalent to a credit cost of 124 bps, which dropped by 0.5% QoQ and 21.1% YoY. This was attributable to the proactively front-loaded provision during the COVID-19 pandemic situation and well-managed asset quality.
Additionally, NPL ratio stood at 2.72% in 3Q22, rose from 2.63% in 2Q22.
Earnings in 3Q of TTB also beat expectations from Refinitiv consensus that estimated the bank to record THB3,198 million for the quarter.
