Q1/62 Financial Results of Commercial Banks

Jul 03, 2026 | view 6,251

Q1/62 Financial Results of Commercial Banks

TerraBKK Research has surveyed the latest performance of the commercial banking industry for the first quarter (Q1/62). It was found that in the first three months of the year, the banking sector generated interest and dividend income growth of over 8% compared to the same period last year, along with a net profit growth of over 6.5% from the same period last year.

This time, we will detail the performance of interest and dividend income, net profit, earnings per share (EPS), return on equity (ROE), and net profit margin (NPM) for Q1/62, reflecting the state of the commercial banking industry as follows:

Interest and Dividend Income

In Q1/62, nearly all commercial banks reported an increase in interest and dividend income compared to the same period last year. The three commercial banks with the highest interest and dividend income in Q1/62 are Thai Commercial Bank (SCB) with 33,454 million baht, where net interest income grew by 6% and bank loans increased by 3% from the same period last year, resulting from the bank's portfolio adjustment and the start of lending in high-return businesses. Following closely is Krung Thai Bank (KTB) with 33,377 million baht, where net interest income increased by over 20% due to a focus on efficient loan portfolio management and risk management. In third place is Kasikorn Bank (KBANK) with 31,966 million baht, primarily from interest income on loans and investments.

Net Profit

In terms of net profit for Q1/62, Krungsri Bank (BAY) ranked first with a figure of 12,736 million baht, more than doubling from the same period last year (Q1/62 = 6,214 million baht). The main reason was a temporary factor, namely the recording of special profits from the sale of 50% of the shares of Money Clip Co., Ltd. (on February 28, 2019). However, excluding the special profit from the share sale, the net profit for Q1/62 would be 6,929 million baht, which still represents the highest quarterly net profit on record.

Earnings Per Share (EPS)

When comparing net profit to the total number of shares of each bank to see the earnings per share, the average for the industry is around 1.75 baht per share. It was found that Bangkok Bank (BBL) has the highest earnings per share at 4.73 baht per share (stock price as of July 8, 62 = 197 baht), followed by Kasikorn Bank (KBANK) at 4.20 baht per share (stock price as of July 8, 62 = 187 baht), and in third place is Thai Commercial Bank (SCB) at 2.69 baht per share (stock price as of July 8, 62 = 139 baht).

Return on Equity (ROE)

This ratio is used to analyze and compare the return on equity, reflecting the ability to manage operations to generate returns for shareholders. The commercial banking industry has an average ROE of around 10.39%. In Q1/62, five banks had ratios higher than the industry average, with TISCO Financial Group having the highest at 18.4%. Following are Kiatnakin Bank (KKP), Krungsri Bank (BAY), Thanachart Capital (TCAP), and Thai Military Bank (TMB) in that order.

Net Profit Margin (NPM)

The overall banking industry has an average net profit margin of around 20.88% for the Q1/62 results. Krungsri Bank (BAY) ranks first with a figure of 34.6% due to the aforementioned special profit, followed by TISCO Financial Group (TISCO) at 28.85% and LH Financial Group (LHFG) at 28.51%. Meanwhile, the three major banks—Bangkok Bank (BBL), Kasikorn Bank (KBANK), and Thai Commercial Bank (SCB)—reported net profit margins for Q1/62 of 23.23%, 22.26%, and 21.3%, respectively. --- TerraBKK.com