Reported Earnings • May 05
First quarter 2026 earnings released First quarter 2026 results: Revenue: ₺38.2b (up 25% from 1Q 2025). Net income: ₺15.7b (up 41% from 1Q 2025). Profit margin: 41% (up from 37% in 1Q 2025). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₺317, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 6x in the Banks industry in Turkey. Total returns to shareholders of 1,199% over the past three years. Announcement • Feb 27
QNB Bank A.S., Annual General Meeting, Mar 26, 2026 QNB Bank A.S., Annual General Meeting, Mar 26, 2026. Location: esentepe mahallesi buyukdere, caddesi kristal kule, binasi no:215, sisli, istanbul Turkey Reported Earnings • Feb 07
Full year 2025 earnings released: EPS: ₺12.97 (vs ₺9.82 in FY 2024) Full year 2025 results: EPS: ₺12.97 (up from ₺9.82 in FY 2024). Revenue: ₺124.8b (up 49% from FY 2024). Net income: ₺47.8b (up 32% from FY 2024). Profit margin: 38% (down from 43% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 130% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₺530, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 7x in the Banks industry in Turkey. Total returns to shareholders of 1,005% over the past three years. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: ₺0.36 (vs ₺2.92 in 3Q 2024) Third quarter 2025 results: EPS: ₺0.36. Revenue: ₺34.2b (up 44% from 3Q 2024). Net income: ₺12.0b (up 23% from 3Q 2024). Profit margin: 35% (down from 41% in 3Q 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₺516, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 6x in the Banks industry in Turkey. Total returns to shareholders of 1,149% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₺407, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 7x in the Banks industry in Turkey. Total returns to shareholders of 852% over the past three years. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to ₺530, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 7x in the Banks industry in Turkey. Total returns to shareholders of 1,105% over the past three years. Board Change • Sep 03
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 10 non-independent directors. Independent Director Noor Mohammad J. Al-Naimi was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ₺882, the stock trades at a trailing P/E ratio of 72.7x. Average trailing P/E is 8x in the Banks industry in Turkey. Total returns to shareholders of 2,160% over the past three years. New Risk • Aug 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 30
Second quarter 2025 earnings released: EPS: ₺0.32 (vs ₺2.27 in 2Q 2024) Second quarter 2025 results: EPS: ₺0.32. Revenue: ₺28.7b (up 54% from 2Q 2024). Net income: ₺10.7b (up 41% from 2Q 2024). Profit margin: 37% (down from 41% in 2Q 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺330, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 8x in the Banks industry in Turkey. Total returns to shareholders of 830% over the past three years. Reported Earnings • Apr 30
First quarter 2025 earnings released First quarter 2025 results: Revenue: ₺30.7b (up 78% from 1Q 2024). Net income: ₺11.2b (up 13% from 1Q 2024). Profit margin: 37% (down from 57% in 1Q 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₺325, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 6x in the Banks industry in Turkey. Total returns to shareholders of 801% over the past three years. New Risk • Mar 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₺343, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 7x in the Banks industry in Turkey. Total returns to shareholders of 793% over the past three years. Announcement • Feb 20
QNB Bank A.S., Annual General Meeting, Mar 27, 2025 QNB Bank A.S., Annual General Meeting, Mar 27, 2025. Location: esentepe mahallesi buyukdere, caddesi kristal kule, binasi no:215, sisli, istanbui Turkey Reported Earnings • Feb 01
Full year 2024 earnings released Full year 2024 results: Revenue: ₺83.7b (up 34% from FY 2023). Net income: ₺36.2b (up 9.0% from FY 2023). Profit margin: 43% (down from 53% in FY 2023). The decrease in margin was driven by higher expenses. Reported Earnings • Oct 25
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: ₺23.7b (up 18% from 3Q 2023). Net income: ₺9.77b (down 8.2% from 3Q 2023). Profit margin: 41% (down from 53% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 02
QNB Finansbank A.S., Annual General Meeting, Oct 01, 2024 QNB Finansbank A.S., Annual General Meeting, Oct 01, 2024. Location: esentepe mahallesi buyukdere, caddesi kristal kule, binasi no:215, sisli, istanbui Turkey Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₺319, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 5x in the Banks industry in Turkey. Total returns to shareholders of 742% over the past three years. Reported Earnings • Jul 30
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ₺18.6b (up 32% from 2Q 2023). Net income: ₺7.59b (up 3.2% from 2Q 2023). Profit margin: 41% (down from 52% in 2Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₺345, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 6x in the Banks industry in Turkey. Total returns to shareholders of 781% over the past three years. Valuation Update With 7 Day Price Move • May 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₺335, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 5x in the Banks industry in Turkey. Total returns to shareholders of 679% over the past three years. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: ₺0.29 (vs ₺1.98 in 1Q 2023) First quarter 2024 results: EPS: ₺0.29. Revenue: ₺17.2b (up 64% from 1Q 2023). Net income: ₺9.86b (up 49% from 1Q 2023). Profit margin: 57% (down from 63% in 1Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₺317, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 5x in the Banks industry in Turkey. Total returns to shareholders of 546% over the past three years. Announcement • Mar 29
QNB Finansbank A.S., Annual General Meeting, Mar 28, 2024 QNB Finansbank A.S., Annual General Meeting, Mar 28, 2024, at 11:00 E. Europe Standard Time. Location: Esentepe Mahallesi, Büyükdere Caddesi, Kristal Kule, Binasi No:215 SISLI Istanbul Turkey Agenda: To consider opening and constitution of the Presidential Board; authorization of the Presidential Board to sign the meeting minutes of the General Assembly of Shareholders; to consider presentation of 2023; to consider resolution concerning the accrued profit of 2023 in accordance with the balance sheet and the contingency reserves of the past year; to consider presentation of transactions regarding sale of some part of NPL portfolios executed in 2023 to approval the General Assembly; to consider appointment of Board of Directors members; to consider resolution regarding release of the members of the Board of Directors for their activities in 2023; and to transact such other business issues. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₺304, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 3x in the Banks industry in Turkey. Total returns to shareholders of 383% over the past three years. Reported Earnings • Jan 31
Full year 2023 earnings released Full year 2023 results: Revenue: ₺62.7b (up 51% from FY 2022). Net income: ₺33.2b (up 93% from FY 2022). Profit margin: 53% (up from 41% in FY 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₺258, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 3x in the Banks industry in Turkey. Total returns to shareholders of 266% over the past three years. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₺276, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 3x in the Banks industry in Turkey. Total returns to shareholders of 241% over the past three years. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: ₺3.18 (vs ₺1.15 in 3Q 2022) Third quarter 2023 results: EPS: ₺3.18 (up from ₺1.15 in 3Q 2022). Revenue: ₺20.2b (up 67% from 3Q 2022). Net income: ₺10.6b (up 176% from 3Q 2022). Profit margin: 53% (up from 32% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 75% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₺360, the stock trades at a trailing P/E ratio of 51.1x. Average trailing P/E is 4x in the Banks industry in Turkey. Total returns to shareholders of 413% over the past three years. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₺367, the stock trades at a trailing P/E ratio of 52.1x. Average trailing P/E is 4x in the Banks industry in Turkey. Total returns to shareholders of 406% over the past three years. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 52% After last week's 52% share price gain to ₺210, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 4x in the Banks industry in Turkey. Total returns to shareholders of 197% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ₺94.95, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 3x in the Banks industry in Turkey. Total returns to shareholders of 35% over the past three years. New Risk • Aug 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₺67.80, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 3x in the Banks industry in Turkey. Total returns to shareholders of 5.5% over the past three years. Reported Earnings • Jul 30
Second quarter 2023 earnings released: EPS: ₺2.20 (vs ₺1.56 in 2Q 2022) Second quarter 2023 results: EPS: ₺2.20 (up from ₺1.56 in 2Q 2022). Revenue: ₺14.1b (up 54% from 2Q 2022). Net income: ₺7.36b (up 41% from 2Q 2022). Profit margin: 52% (down from 57% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₺52.90, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 3x in the Banks industry in Turkey. Total returns to shareholders of 22% over the past three years. Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: ₺1.98 (vs ₺0.71 in 1Q 2022) First quarter 2023 results: EPS: ₺1.98 (up from ₺0.71 in 1Q 2022). Revenue: ₺10.5b (up 105% from 1Q 2022). Net income: ₺6.63b (up 178% from 1Q 2022). Profit margin: 63% (up from 47% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 02
Full year 2022 earnings released: EPS: ₺5.14 (vs ₺1.17 in FY 2021) Full year 2022 results: EPS: ₺5.14 (up from ₺1.17 in FY 2021). Revenue: ₺41.6b (up 297% from FY 2021). Net income: ₺17.2b (up 341% from FY 2021). Profit margin: 41% (up from 37% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 22% share price gain to ₺52.10, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 3x in the Banks industry in Turkey. Total returns to shareholders of 99% over the past three years. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 3 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Noor Mohammad J. Al-Naimi was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 16% share price gain to ₺50.15, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 5x in the Banks industry in Turkey. Total returns to shareholders of 326% over the past three years. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 22% share price gain to ₺46.44, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 3x in the Banks industry in Turkey. Total returns to shareholders of 628% over the past three years. Reported Earnings • Jul 30
Second quarter 2022 earnings released Second quarter 2022 results: Net income: ₺5.23b (up ₺4.40b from 2Q 2021). Reported Earnings • May 01
First quarter 2022 earnings released: EPS: ₺0.71 (vs ₺0.19 in 1Q 2021) First quarter 2022 results: EPS: ₺0.71 (up from ₺0.19 in 1Q 2021). Revenue: ₺5.11b (up 154% from 1Q 2021). Net income: ₺2.38b (up 266% from 1Q 2021). Profit margin: 47% (up from 32% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Noor Mohammad J. Al-Naimi was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₺32.08, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 4x in the Banks industry in Turkey. Total returns to shareholders of 311% over the past three years. Reported Earnings • Feb 05
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: ₺0.12 (down from ₺0.82 in FY 2020). Revenue: ₺10.5b (up 33% from FY 2020). Net income: ₺3.91b (up 42% from FY 2020). Profit margin: 37% (up from 35% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.5%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 70% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 25% share price gain to ₺43.68, the stock trades at a trailing P/E ratio of 44.3x. Average trailing P/E is 7x in the Banks industry in Turkey. Total returns to shareholders of 506% over the past three years. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₺41.52, the stock trades at a trailing P/E ratio of 50.5x. Average trailing P/E is 4x in the Banks industry in Turkey. Total returns to shareholders of 659% over the past three years. Is New 90 Day High Low • Feb 18
New 90-day low: ₺65.00 The company is down 5.0% from its price of ₺68.55 on 20 November 2020. The Turkish market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 4.0% over the same period. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS ₺0.82 (vs ₺0.85 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ₺7.88b (up 4.9% from FY 2019). Net income: ₺2.75b (down 3.8% from FY 2019). Profit margin: 35% (down from 38% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 122% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 15
New 90-day low: ₺66.60 The company is down 6.0% from its price of ₺71.05 on 16 October 2020. The Turkish market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 9.0% over the same period. Is New 90 Day High Low • Nov 26
New 90-day high: ₺84.30 The company is up 21% from its price of ₺69.70 on 28 August 2020. The Turkish market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is up 15% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of ₺2.78b, down 1.3% from the prior year. Total revenue was ₺7.77b over the last 12 months, up 5.5% from the prior year. Announcement • Oct 27
OYAK PORTFÖY YÖNETIMI DÖRDÜNCÜ GSYF agreed to acquire unknown stake in Hemenal Finansman AS from QNB Finansbank A.S. (IBSE:QNBFB). OYAK PORTFÖY YÖNETIMI DÖRDÜNCÜ GSYF agreed to acquire unknown stake in Hemenal Finansman AS from QNB Finansbank A.S. (IBSE:QNBFB) on October 26, 2020. 
