TMBThanachart Bank Public Company Limited (SET: TTB) has announced its 1Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 1Q25 | 1Q24 |
| Net Profit (Loss) Million Baht |
5,096.01 | 5,374.14 |
| Earning Per Share (Baht) |
0.0500 | 0.0600 |
| % Change | -5.18 | |
TTB reported a net profit of THB5,096 million in 1Q25, a 5.18% drop from the same period of last year.
TTB recorded THB13,219 million of net interest income (NII) in 1Q2, declined by 8.2% following the policy rate downtrend. The loan yield received the direct impact from the rate adjustment and inert demands in the hire-purchase market while the investment yield still showed improvement thanks to proactive investment portfolio management. Meanwhile, the well- managed funding costs from deposit mix adjustment and debt and borrowing cost management contributed positively to YoY performance.
NIM stood at 3.19% in 1Q25 which declined 6 bps from 3.25% in 4Q24 and 9 bps from 3.28% in 1Q24.
Meanwhile, the Bank posted THB3,335 million of non-interest income in 1Q25, increased 1.9% YoY mainly due to an increase in gain on financial instrument measured at fair value through profit or loss and other income from ‘You Fight, We Help’ subsidy program, offset by a decrease in net fees and service income.
TTB recorded total loans to customers and accrued interest receivables-net on a consolidated basis of THB1,160 billion, decreasing by 2.5% from December 2024 (YTD).
As of 1Q25, the total ECL was reported at THB4,580 million, decreasing 2.4% QoQ and 10.5% YoY, or equivalent to 152 bps in terms of credit cost. The decline in ECL was driven by manageable asset quality and a conservative approach to risk management. The coverage ratio remained at 150% as of the end of March 2025.
The NPL ratio on a consolidated basis was at 2.75%, rising from 2.59% in December 2024 and 2.56% in March 2024. The NPL ratio lifted from the previous quarter due to lower NPL write-off and the contraction of loan balance (Denominator effect) while the NPL formation was lower QoQ. However, the NPL ratio was still below the target guidance of below 2.9%.
At the end of March 2025, the Bank has the remaining tax benefit of THB9.4 billion to be subsequently recognized within 2028. The recognition will not be on a straight-line basis but will be subject to the estimation of future net profit stream. This is compared to the remaining tax benefit of THB10.6 billion at the end of December 2024.
