Declared Dividend • Jun 23
Dividend of GEL1.75 announced Shareholders will receive a dividend of GEL1.75. Ex-date: 13th August 2026 Payment date: 11th September 2026 Dividend yield will be 8.4%, which is higher than the industry average of 6.5%. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (37% forecast payout ratio). The dividend has increased by an average of 23% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • May 14
Upcoming dividend of GEL3.87 per share Eligible shareholders must have bought the stock before 21 May 2026. Payment date: 22 June 2026. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 5.5%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (4.0%). Announcement • May 11
Tbc Bank Group plc Announces Group Chief Financial Officer Changes TBC Bank Group PLC announced the appointment of Guy Stevens as Group Chief Financial Officer, effective July 13, 2026. Guy brings almost 30 years of corporate finance experience in the financial institutions sector. He has held senior roles at UBS Investment Bank, Deloitte Corporate Finance and Keefe, Bruyette & Woods, advising banks and other financial services companies across EMEA on a wide range of strategic and capital markets transactions. He has longstanding familiarity with TBC Bank, including acting as Joint Global Coordinator on TBC Bank's initial public offering in 2014. The company announced that the current Group Chief Financial Officer, Giorgi Megrelishvili, will step down from his role and leave TBC Group with effect from August 1, 2026. Announcement • May 08
Tbc Bank Group plc Declares Dividend for First Quarter 2026, Payable on 11 September 2026 The Board of Directors of TBC Bank Group PLC ("TBC PLC") has declared a first quarter 2026 quarterly dividend of GEL 1.75 per TBC PLC share (the "1Q 2026 Dividend"). The First Quarter 2026 Dividend will be payable in Pounds Sterling to ordinary shareholders of TBC PLC on the register of members at the close of business on the record date of 14 August 2026, pursuant to the following timetable: Ex-Dividend Date: 13 August 2026; Currency Conversion Date: 21 August 2026. Payment Date: 11 September 2026. Announcement • Apr 17
TBC Bank Group PLC, Annual General Meeting, May 19, 2026 TBC Bank Group PLC, Annual General Meeting, May 19, 2026. Location: the offices of baker mckenzie, 280 bishopsgate, ec2m 4ag, london United Kingdom Reported Earnings • Apr 12
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: GEL25.23 (up from GEL23.41 in FY 2024). Revenue: GEL2.96b (up 13% from FY 2024). Net income: GEL1.40b (up 8.8% from FY 2024). Profit margin: 47% (down from 49% in FY 2024). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 7.00% (up from 6.70% in FY 2024). Cost-to-income ratio: 37.5% (down from 37.9% in FY 2024). Non-performing loans: 2.88% (up from 2.29% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Mar 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. Independent Non-Executive Director Monica Kalia was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 21
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: GEL25.23 (up from GEL23.41 in FY 2024). Revenue: GEL2.94b (up 12% from FY 2024). Net income: GEL1.40b (up 8.8% from FY 2024). Profit margin: 48% (down from 49% in FY 2024). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 7.00% (up from 6.70% in FY 2024). Cost-to-income ratio: 37.5% (down from 37.9% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 20
Tbc Bank Group plc Recommends Final Dividend for the Year 2025, Payable on 22 June 2026 The Board of Directors of TBC Bank Group PLC ("TBC PLC"), subject to shareholders' approval, is recommending a final dividend for the year 2025 of GEL 3.87 per TBC PLC share (the "Final Dividend"). If approved, the Final Dividend will be paid on 22 June 2026 to shareholders who are on the register of members at 6:00 PM (BST) on the record date of 22 May 2026, in accordance with the following timetable: Ex-Dividend Date: 21 May 2026. Record Date is 22 May 2026. Currency Conversion Date is 5 June 2026. Payment Date is 22 June 2026. Upcoming Dividend • Jan 01
Upcoming dividend of GEL1.75 per share Eligible shareholders must have bought the stock before 08 January 2026. Payment date: 10 February 2026. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 4.7%. Lower than top quartile of British dividend payers (5.6%). Higher than average of industry peers (3.4%). Announcement • Nov 08
TBC Bank Group PLC Declares Dividend for the Third Quarter of 2025, Payable on 10 February 2026 The Board of Directors of TBC Bank Group PLC declared a third quarter 2025 quarterly dividend of GEL 1.75 per share. The Dividend will be payable in Pounds Sterling to ordinary shareholders of TBC PLC on the register of members at the close of business on the record date of 9 January 2026, pursuant to the following timetable: Ex-Dividend Date: 8 January 2026. Record Date: 9 January 2026. Payment Date: 10 February 2026. Reported Earnings • Nov 07
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: GEL757.3m (up 8.4% from 3Q 2024). Net income: GEL359.5m (up 5.8% from 3Q 2024). Profit margin: 48% (down from 49% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Banks industry in the United Kingdom. Upcoming Dividend • Oct 16
Upcoming dividend of GEL1.75 per share Eligible shareholders must have bought the stock before 23 October 2025. Payment date: 21 November 2025. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of British dividend payers (5.5%). In line with average of industry peers (4.1%). Announcement • Oct 13
TBC Bank Group PLC Announces Board and Committee Changes, with the Effect of 1 November 2025 TBC Bank Group PLC announced the appointment of Monica Kalia as an Independent Non-Executive Director with the effect of November 1, 2025. Ms. Kalia brings a strong blend of financial, technological, strategic, and governance expertise, developed through senior executive and non-executive positions at leading institutions including Goldman Sachs, Credit Suisse, the Money and Pensions Service, and LifeSight Ltd. She has extensive hands-on leadership experience in fintech innovation, digital transformation, and data-driven business models, complemented by deep knowledge of regulatory compliance and risk management. Following her appointment, Committees composition shall change as follows with the effect of November 1, 2025: Audit, Risk, CGN, HR & RemCo, ESG & Ethics, Tech & Data, SID, and EA. The committee members include Arne Berggren, Janet Heckman, Eran Klein, Rajeev Sawhney, Monica Kalia, Tsira Kemularia, Venera Suknidze, Per Anders Fasth, and Thymios Kyriakopoulos, with their respective roles as Chair, Member, Senior Independent Director, and Employee Ambassador. Announcement • Aug 21
TBC Bank Group PLC (LSE:TBCG) and Titan Investments agreed to acquire OLX Uzbekistan from OLX B.V. TBC Bank Group PLC (LSE:TBCG) and Titan Investments agreed to acquire OLX Uzbekistan from OLX B.V. on August 21, 2025. TBC Bank Group formed a joint venture (JV) with Titan Investments, an international investment holding company backed by top-tier international institutional investors, family offices and sovereign wealth funds from the Middle East. The JV acquires 100% of OLX Uzbekistan, with TBC Bank Group owning 50% + 1 share and Titan Investments owning the remaining stake.
TBC Bank Group plans to consolidate OLX Uzbekistan, already growing profitably, into TBC Uzbekistan ecosystem. OLX Uzbekistan will continue to operate under its established brand.
The transaction is subject to standard regulatory approvals.
TBC Capital Ltd. is acting as the sole M&A advisor to TBC Bank Group on this transaction. New Risk • Aug 11
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: GEL6.14 (vs GEL5.94 in 2Q 2024) Second quarter 2025 results: EPS: GEL6.14 (up from GEL5.94 in 2Q 2024). Revenue: GEL719.5m (up 11% from 2Q 2024). Net income: GEL340.9m (up 5.0% from 2Q 2024). Profit margin: 47% (down from 50% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 09
TBC Bank Group PLC (LSE:TBCG) announces an Equity Buyback for GEL 75 million worth of its shares. TBC Bank Group PLC (LSE:TBCG) announces a share repurchase program. Under the program, the company will repurchase up to GEL 75 million. Announcement • Aug 08
Tbc Bank Group plc Declares Second Quarter 2025 Dividend, Payable on November 21, 2025 The Board of Directors of TBC Bank Group PLC has declared a second quarter 2025 quarterly dividend of GEL 1.75 per TBC PLC share (the "2Q 2025 Dividend"). The Second Quarter 2025 Dividend will be payable in Pounds Sterling to ordinary shareholders of TBC PLC on the register of members at the close of business on the record date of 24 October 2025, pursuant to the following timetable: Ex-Dividend Date: 23 October 2025; Record Date: 24 October 2025; Currency Conversion Date: 31 October 2025 and Payment Date: 21 November 2025. Upcoming Dividend • Aug 07
Upcoming dividend of GEL1.50 per share Eligible shareholders must have bought the stock before 14 August 2025. Payment date: 05 September 2025. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of British dividend payers (5.4%). In line with average of industry peers (4.3%). Upcoming Dividend • May 29
Upcoming dividend of GEL5.55 per share Eligible shareholders must have bought the stock before 05 June 2025. Payment date: 11 July 2025. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 4.9%. Lower than top quartile of British dividend payers (5.7%). In line with average of industry peers (4.6%). Reported Earnings • May 09
First quarter 2025 earnings released First quarter 2025 results: Revenue: GEL655.7m (up 14% from 1Q 2024). Net income: GEL316.6m (up 8.1% from 1Q 2024). Profit margin: 48% (down from 51% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Banks industry in the United Kingdom. Announcement • May 09
TBC Bank Group PLC Declares Dividend for the First Quarter of 2025, Payable on 5 September 2025 The Board of Directors of TBC Bank Group PLC ("TBC PLC") has declared a first quarter 2025 quarterly dividend of GEL 1.5 per TBC PLC share (the "1Q 2025 Dividend"). The First Quarter 2025 Dividend will be payable in Pounds Sterling to ordinary shareholders of TBC PLC on the register of members at the close of business on the record date of 15 August 2025; Ex-Dividend Date: 14 August 2025; Payment Date: 5 September 2025. Announcement • Apr 15
TBC Bank Group PLC, Annual General Meeting, May 20, 2025 TBC Bank Group PLC, Annual General Meeting, May 20, 2025. Location: the offices of baker mckenzie, 280 bishopsgate, ec2m 4ag, london United Kingdom Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to UK£42.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Banks industry in the United Kingdom. Total returns to shareholders of 341% over the past three years. Reported Earnings • Apr 02
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: GEL23.41 (up from GEL20.74 in FY 2023). Revenue: GEL2.62b (up 20% from FY 2023). Net income: GEL1.28b (up 14% from FY 2023). Profit margin: 49% (down from 51% in FY 2023). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 6.70% (no change from 6.70% in FY 2023). Cost-to-income ratio: 37.9% (up from 36.2% in FY 2023). Non-performing loans: 2.29% (up from 2.11% in FY 2023). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 14
Final dividend of GEL5.55 announced Shareholders will receive a dividend of GEL5.55. Ex-date: 5th June 2025 Payment date: 11th July 2025 Dividend yield will be 16%, which is higher than the industry average of 6.5%. Sustainability & Growth Dividend is well covered by earnings (32% payout ratio) and is expected to be well covered in 3 years' time (30% forecast payout ratio). The dividend has increased by an average of 24% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 13
Full year 2024 earnings: Revenues exceed analyst expectations Full year 2024 results: Revenue: GEL2.62b (up 19% from FY 2023). Net income: GEL1.28b (up 14% from FY 2023). Profit margin: 49% (down from 51% in FY 2023). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 6.70% (no change from 6.70% in FY 2023). Cost-to-income ratio: 37.9% (up from 36.2% in FY 2023). Non-performing loans: 2.17% (up from 2.05% in FY 2023). Revenue exceeded analyst estimates by 1.2%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Banks industry in the United Kingdom. Announcement • Feb 13
TBC Bank Group PLC Announces Board Committee Changes TBC Bank Group PLC announced that, it has appointed Rajeev Sawhney, an Independent Non-Executive Director of TBC PLC, as a member of the Human Resources and Remuneration Committee, with immediate effect. Per Anders Fasth, an Independent Non-Executive Director of TBC PLC, has been appointed as a member of the Corporate Governance and Nomination Committee, with immediate effect. Nino Suknidze, an Independent Non-Executive Director of TBC PLC, has been appointed as a member of the ESG and Ethics Committee, with immediate effect.Rajeev Sawhney has stepped down from his role as member of the Corporate Governance and Nomination Committee, with immediate effect. Per Anders Fasth has stepped down from his role as member of the Human Resources and Remuneration Committee, with immediate effect. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to UK£40.10, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Banks industry in the United Kingdom. Total returns to shareholders of 223% over the past three years. Announcement • Feb 12
Tbc Bank Group plc Recommends Final Dividend for the Year 2024, Payable on 11 July 2025 TBC Bank Group PLC announced that subject to shareholders' approval, the company is recommending a final dividend for the year 2024 of GEL 5.55 per TBC PLC share. If approved, the Final Dividend will be paid on 11 July 2025 to shareholders who are on the register of members at 6:00 PM (BST) on the record date of 6 June 2025. Ex-dividend Date is 5 June 2025. Announcement • Jan 13
TBC Bank Group PLC to Report Q4, 2024 Results on Feb 12, 2025 TBC Bank Group PLC announced that they will report Q4, 2024 results at 7:00 AM, Coordinated Universal Time on Feb 12, 2025 New Risk • Dec 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Board Change • Dec 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Independent Non-Executive Director Janet Heckman was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: GEL6.17 (vs GEL5.54 in 3Q 2023) Third quarter 2024 results: EPS: GEL6.17 (up from GEL5.54 in 3Q 2023). Revenue: GEL698.4m (up 23% from 3Q 2023). Net income: GEL339.9m (up 14% from 3Q 2023). Profit margin: 49% (down from 53% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£30.50, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Banks industry in the United Kingdom. Total returns to shareholders of 146% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£59.68 per share. Announcement • Oct 15
TBC Bank Group PLC to Report Q3, 2024 Results on Nov 06, 2024 TBC Bank Group PLC announced that they will report Q3, 2024 results at 7:00 AM, Coordinated Universal Time on Nov 06, 2024 Upcoming Dividend • Sep 26
Upcoming dividend of GEL2.55 per share Eligible shareholders must have bought the stock before 03 October 2024. Payment date: 11 November 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of British dividend payers (5.4%). Higher than average of industry peers (6.0%). Announcement • Sep 26
TBC Bank Group PLC Appoints Giorgi Giguashvili as Company Secretary, Effective October 1, 2024 TBC Bank Group PLC appointed Giorgi Giguashvili as Company Secretary effective from October 1, 2024. The Board is confident that Mr. Giguashvili possesses the requisite knowledge and experience to effectively discharge the functions of the Company Secretary in compliance with the UK Companies Act. He brings extensive in-house experience as Company Secretary at TBC Bank Group PLC and a robust academic background, having taught and conducted research internationally in the field of corporate governance for over five years. Mr. Giguashvili holds a PhD degree in law from Tbilisi State University, also an MSc in Financial and Commercial Regulation from the London School of Economics and Political Science and has successfully completed the Chartered Governance Professional qualification program of the Chartered Governance Institute UK & Ireland. New Risk • Aug 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Reported Earnings • Aug 11
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: GEL646.2m (up 17% from 2Q 2023). Net income: GEL324.6m (up 12% from 2Q 2023). Profit margin: 50% (down from 52% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Banks industry in the United Kingdom. Announcement • Aug 09
TBC Bank Group PLC Declares an Interim Dividend, Payable on 11 November 2024 The Board of Directors of TBC Bank Group PLC has declared an interim dividend of GEL 2.55 per TBC PLC share. Ex-Dividend Date: 3 October 2024, Record Date: 4 October 2024, Currency Conversion Date: 11 October 2024, Payment Date: 11 November 2024. Announcement • Jul 29
TBC Bank Group PLC to Report Q2, 2024 Results on Aug 09, 2024 TBC Bank Group PLC announced that they will report Q2, 2024 results at 6:00 AM, Coordinated Universal Time on Aug 09, 2024 Upcoming Dividend • Jun 06
Upcoming dividend of GEL4.67 per share Eligible shareholders must have bought the stock before 13 June 2024. Payment date: 19 July 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 8.0%. Within top quartile of British dividend payers (5.6%). Higher than average of industry peers (6.2%). Reported Earnings • May 10
First quarter 2024 earnings released First quarter 2024 results: Revenue: GEL573.3m (up 20% from 1Q 2023). Net income: GEL292.8m (up 18% from 1Q 2023). Profit margin: 51% (in line with 1Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Banks industry in the United Kingdom. Valuation Update With 7 Day Price Move • May 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to UK£28.80, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Banks industry in the United Kingdom. Total returns to shareholders of 218% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£51.86 per share. Announcement • Apr 28
TBC Bank Group PLC to Report Q1, 2024 Results on May 10, 2024 TBC Bank Group PLC announced that they will report Q1, 2024 results at 6:00 AM, Coordinated Universal Time on May 10, 2024 Announcement • Apr 17
TBC Bank Group PLC, Annual General Meeting, May 21, 2024 TBC Bank Group PLC, Annual General Meeting, May 21, 2024, at 09:00 Coordinated Universal Time. Location: Baker McKenzie, 280 Bishopsgate London United Kingdom Reported Earnings • Feb 18
Full year 2023 earnings released Full year 2023 results: Revenue: GEL2.20b (up 13% from FY 2022). Net income: GEL1.12b (up 13% from FY 2022). Profit margin: 51% (in line with FY 2022). Net interest margin (NIM): 6.70% (up from 6.00% in FY 2022). Cost-to-income ratio: 36.2% (up from 33.4% in FY 2022). Non-performing loans: 1.96% (down from 2.24% in FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 2 years, while revenues in the Banks industry in the United Kingdom are expected to remain flat. Announcement • Feb 16
Tbc Bank Group plc Recommends Final Dividend for 2023, Payable on 19 July 2024 TBC Bank Group PLC announced that subject to shareholders' approval, the company is recommending a final dividend for the year 2023 of GEL 4.67 per TBC PLC share. If approved, the Final Dividend will be paid on 19 July 2024 to shareholders who are on the register of members at 6:00 PM (BST) on the record date of 14 June 2024. Ex-dividend Date is 13 June 2024. Announcement • Feb 14
TBC Bank Group PLC Announces Board Committee Changes, Effective from 15 February 2024 TBC Bank Group PLC announced that, effective from 15 February 2024, it has appointed Tsira Kemularia, an Independent Non-Executive Director of TBC PLC, as a member of the Corporate Governance and Nomination Committee. Tsira Kemularia has stepped down from her role as member of the ESG and Ethics Committee effective from 15 February 2024. Announcement • Jan 26
TBC Bank Group PLC to Report Q4, 2023 Results on Feb 16, 2024 TBC Bank Group PLC announced that they will report Q4, 2023 results at 7:00 AM, Coordinated Universal Time on Feb 16, 2024 Reported Earnings • Nov 10
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: GEL568.1m (up 4.7% from 3Q 2022). Net income: GEL299.0m (down 6.3% from 3Q 2022). Profit margin: 53% (down from 59% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Banks industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 34% per year. Announcement • Oct 27
TBC Bank Group PLC to Report Q3, 2023 Results on Nov 09, 2023 TBC Bank Group PLC announced that they will report Q3, 2023 results at 3:00 AM, Coordinated Universal Time on Nov 09, 2023 Announcement • Sep 14
TBC Bank Group plc Appoints Oliver Hughes as New Head of International Operations, Effective from September 14, 2023 TBC Bank Group PLC announced the appointment of Oliver Hughes as Head of International Operations of the Group, effective from September 14, 2023. Mr. Hughes has also been appointed to the Executive Committee of TBC PLC. Nika Kurdiani will become CEO of the Group's business operations in Uzbekistan and will remain as a member of the Executive Committee of TBC PLC. Mr. Hughes is a renowned fintech entrepreneur and manager with over 25 years of experience building and scaling up fintech businesses in Emerging Markets. In particular, he spent 15 years as the CEO of Tinkoff Group, during which time he led the evolution of the company from launch to being one of the largest and most profitable digital banks in the world. Upcoming Dividend • Aug 31
Upcoming dividend of GEL2.55 per share at 6.2% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 6.2%. Lower than top quartile of British dividend payers (6.3%). Higher than average of industry peers (5.6%). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: GEL5.32 (vs GEL4.27 in 2Q 2022) Second quarter 2023 results: EPS: GEL5.32 (up from GEL4.27 in 2Q 2022). Revenue: GEL554.3m (up 30% from 2Q 2022). Net income: GEL288.8m (up 24% from 2Q 2022). Profit margin: 52% (down from 55% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 10
Tbc Bank Group plc Declares Interim Dividend, Payable on 13 October 2023 TBC Bank Group PLC has declared an interim dividend of GEL 2.55 per TBC PLC share. The Interim Dividend will be payable in Pounds Sterling to ordinary shareholders of TBC PLC on the register of members at the close of business on the record date of 8 September 2023, pursuant to the following timetable: The ex-dividend sate is on 7 September 2023 and record date is on 8 September 2023. The payment date is on 13 October 2023. Announcement • Jul 29
TBC Bank Group PLC to Report Q2, 2023 Results on Aug 10, 2023 TBC Bank Group PLC announced that they will report Q2, 2023 results at 6:00 AM, Coordinated Universal Time on Aug 10, 2023 Announcement • May 27
TBC Bank Group PLC Announces Changes to Its Board TBC Bank Group PLC (TBC PLC) announced that, effective from 1 June 2023, it has appointed Janet Hackman, the Independent Non-Executive Director of TBC PLC, as the Chair of the Remuneration Committee. In line with TBC PLC's Mirror Boards policy, effective from 1 June 2023, Ms. Hackman has also been appointed as the Chair of the Remuneration Committee of the Supervisory Board of JSC TBC Bank (TBC Bank). Janet Hackman has also been appointed as a member of the ESG Committee of both TBC PLC and TBC Bank effective from 1 June 2023. Per Anders Fasth will step down from his role as interim Chair of the Remuneration Committee effective from 1 June 2023, but remain as a member of that committee. Upcoming Dividend • May 04
Upcoming dividend of GEL2.95 per share at 7.9% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 14 June 2023. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 7.9%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (4.6%). Reported Earnings • Feb 22
Full year 2022 earnings released Full year 2022 results: Revenue: GEL1.94b (up 31% from FY 2021). Net income: GEL995.2m (up 24% from FY 2021). Profit margin: 51% (down from 54% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Banks industry in the United Kingdom. Announcement • Feb 10
TBC Bank Group PLC to Report Q4, 2022 Results on Feb 22, 2023 TBC Bank Group PLC announced that they will report Q4, 2022 results at 7:00 AM, Coordinated Universal Time on Feb 22, 2023 Major Estimate Revision • Jan 22
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from GEL1.91b to GEL2.03b. EPS estimate increased from GEL16.10 to GEL17.73 per share. Net income forecast to grow 2.7% next year vs 11% growth forecast for Banks industry in the United Kingdom. Consensus price target up from UK£26.53 to UK£30.39. Share price rose 3.6% to UK£22.80 over the past week. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Rajeev Sawhney was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: GEL542.6m (up 45% from 3Q 2021). Net income: GEL319.0m (up 56% from 3Q 2021). Profit margin: 59% (up from 55% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 08
Upcoming dividend of GEL2.50 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 8.3%. Within top quartile of British dividend payers (5.6%). Higher than average of industry peers (4.4%). Reported Earnings • Aug 12
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: GEL428.1m (flat on 2Q 2021). Net income: GEL233.8m (down 5.7% from 2Q 2021). Profit margin: 55% (down from 58% in 2Q 2021). Over the next year, revenue is forecast to grow 18%, compared to a 11% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. 
