Reported Earnings • May 15
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: RM0.091 (up from RM0.09 in 1Q 2025). Revenue: RM3.60b (up 1.0% from 1Q 2025). Net income: RM1.75b (flat on 1Q 2025). Profit margin: 49% (in line with 1Q 2025). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 3.7%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Announcement • May 11
Public Bank Berhad to Report Q1, 2026 Results on May 14, 2026 Public Bank Berhad announced that they will report Q1, 2026 results at 12:30 PM, Singapore Standard Time on May 14, 2026 Reported Earnings • Apr 07
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: RM0.37 (up from RM0.37 in FY 2024). Revenue: RM14.7b (up 4.5% from FY 2024). Net income: RM7.22b (up 1.1% from FY 2024). Profit margin: 49% (down from 51% in FY 2024). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 2.10% (down from 2.20% in FY 2024). Cost-to-income ratio: 34.9% (up from 34.5% in FY 2024). Non-performing loans: 0.51% (down from 0.52% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year. Announcement • Apr 03
Public Bank Berhad, Annual General Meeting, May 05, 2026 Public Bank Berhad, Annual General Meeting, May 05, 2026, at 10:00 Singapore Standard Time. Location: grand ballroom, shangri-la hotel kuala lumpur, 11 jalan sultan ismail, 50250 kuala lumpur Malaysia Announcement • Feb 27
Public Bank Berhad Announces Second Interim Dividend for the Financial Year Ended December 31, 2024, Payable on 24 March 2026 Public Bank Berhad announced Second Interim Dividend of 12.0 sen per share for the Financial Year Ended 31 December 2025. Ex-Date is 11 March 2026. Entitlement date is 12 March 2026. Payment Date is 26 March 2026. Reported Earnings • Feb 26
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: RM0.37 (up from RM0.37 in FY 2024). Revenue: RM14.6b (up 4.2% from FY 2024). Net income: RM7.22b (up 1.1% from FY 2024). Profit margin: 49% (down from 51% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year. Announcement • Feb 24
Public Bank Berhad to Report Fiscal Year 2025 Results on Feb 25, 2026 Public Bank Berhad announced that they will report fiscal year 2025 results at 12:30 PM, Singapore Standard Time on Feb 25, 2026 Reported Earnings • Nov 18
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: RM0.095 (down from RM0.099 in 3Q 2024). Revenue: RM3.71b (up 3.2% from 3Q 2024). Net income: RM1.84b (down 3.7% from 3Q 2024). Profit margin: 50% (down from 53% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Nov 13
Public Bank Berhad to Report Q3, 2025 Results on Nov 17, 2025 Public Bank Berhad announced that they will report Q3, 2025 results at 12:30 PM, Singapore Standard Time on Nov 17, 2025 Declared Dividend • Aug 28
First half dividend of RM0.10 announced Shareholders will receive a dividend of RM0.10. Ex-date: 11th September 2025 Payment date: 24th September 2025 Dividend yield will be 5.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (58% payout ratio) and is expected to be covered in 3 years' time (62% forecast payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 27
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: RM0.091 (down from RM0.092 in 2Q 2024). Revenue: RM3.64b (up 6.4% from 2Q 2024). Net income: RM1.76b (down 1.2% from 2Q 2024). Profit margin: 48% (down from 52% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Aug 26
Public Bank Berhad Announces First Interim Dividend for Financial Year End December 31, 2025, Payment Date Is 24 September 2025 Public Bank Berhad announced First Interim Dividend of 10.5 sen per share for financial year end December 31, 2025. Ex-Date is 11 September 2025. Entitlement date is 12 September 2025.
Payment Date is 24 September 2025. Announcement • Aug 21
Public Bank Berhad to Report First Half, 2025 Results on Aug 26, 2025 Public Bank Berhad announced that they will report first half, 2025 results on Aug 26, 2025 Reported Earnings • May 22
First quarter 2025 earnings released: EPS: RM0.09 (vs RM0.085 in 1Q 2024) First quarter 2025 results: EPS: RM0.09 (up from RM0.085 in 1Q 2024). Revenue: RM3.56b (up 7.4% from 1Q 2024). Net income: RM1.75b (up 5.6% from 1Q 2024). Profit margin: 49% (in line with 1Q 2024). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 11
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: RM0.37 (up from RM0.34 in FY 2023). Revenue: RM14.0b (up 8.4% from FY 2023). Net income: RM7.15b (up 7.5% from FY 2023). Profit margin: 51% (in line with FY 2023). Net interest margin (NIM): 2.20% (no change from 2.20% in FY 2023). Cost-to-income ratio: 34.5% (up from 33.7% in FY 2023). Non-performing loans: 0.52% (down from 0.59% in FY 2023). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Apr 09
Public Bank Berhad, Annual General Meeting, May 08, 2025 Public Bank Berhad, Annual General Meeting, May 08, 2025, at 10:00 Singapore Standard Time. Location: grand ballroom, shangri-la hotel kuala lumpur, 11 jalan sultan ismail, 50250 kuala lumpur, Malaysia Declared Dividend • Feb 28
Final dividend increased to RM0.11 Dividend of RM0.11 is 10.0% higher than last year. Ex-date: 12th March 2025 Payment date: 24th March 2025 Dividend yield will be 4.6%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (57% payout ratio) and is expected to be covered in 3 years' time (60% forecast payout ratio). The dividend has increased by an average of 7.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 27
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: RM0.37 (up from RM0.34 in FY 2023). Revenue: RM14.0b (up 8.2% from FY 2023). Net income: RM7.15b (up 7.5% from FY 2023). Profit margin: 51% (in line with FY 2023). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Feb 26
Public Bank Berhad to Report Fiscal Year 2024 Results on Feb 26, 2025 Public Bank Berhad announced that they will report fiscal year 2024 results at 12:30 PM, Singapore Standard Time on Feb 26, 2025 Announcement • Dec 05
Public Bank Berhad (KLSE:PBBANK) completed the acquisition of 44.15% stake in LPI Capital Bhd (KLSE:LPI) from Consolidated Teh Holdings Sdn Berhad and Estate of the Late Tan Sri Dato' Sri Dr. Teh Hong Piow. Public Bank Berhad (KLSE:PBBANK) signed a Conditional sale and purchase agreement to acquire 44.15% stake in LPI Capital Bhd (KLSE:LPI) from Consolidated Teh Holdings Sdn Berhad and Estate of the Late Tan Sri Dato' Sri Dr. Teh Hong Piow for approximately MYR 1.7 billion on October 10, 2024. As part of consideration, a total cash of MYR 1.72 billion or MYR 9.80 per Sale Share in relation to the Proposed Acquisition is paid towards 175,896,000 LPI Shares, representing 44.15% equity interest of LPI Capital Bhd. The Purchase Consideration was arrived at on a willing-buyer willing-seller basis. Upon completion, Public Bank Berhad intends to maintain the listing status of LPI on the Main Market of Bursa Securities.
The transaction is subject to approval by Bank Negara Malaysia and Ministry of Finance, Malaysia, which were obtained via Bank Negara Malaysia's letter dated 29 August 2024, approval of offer by acquirer shareholders and the approval/consent of relevant authorities and 3rd parties (including financiers) for the transfer of the Sale Shares by the Vendors to the Purchaser. The Board having considered all aspects of the Proposals, including the rationale and benefits, the salient terms of the SPA, the basis and justification of arriving at the Purchase Consideration, and the future prospects of the enlarged PBB Group, is of the opinion that the Proposals are in the best interest of our Group. Accordingly, the Board recommends that you vote in favour of the resolution pertaining to the Proposals to be tabled at the forthcoming EGM. In a related transaction, on the SPA becoming unconditional, PBB Group will be obliged to extend a conditional MGO to acquire the Offer Shares at the Offer Price of RM9.80 per Offer Share. The Proposed Mandatory General Offer will also be extended to PACs, as allowed under the Rules. The Proposed Acquisition and Proposed MGO will be funded via internally generated funds. The Audit Committee of Public Bank Berhad, after having considered all aspects of the Proposals, including but not limited to the rationale and benefits, the terms of the SPA as well as the evaluation of the Independent Adviser is in the best interest of our Group; fair, reasonable and on normal commercial terms; and detrimental to the interest of the Non-Interested Shareholders of PBB. The transaction is expected to complete this corporate exercise in the 1st quarter of 2025. As of December 2, 2024, Public Bank Berhad bought 175,896,000 existing LPI Shares, pursuant to the SPA.
Public Investment Bank Berhad acted as financial advisor; AmInvestment Bank Berhad acted as independent financial advisor and fairness opinion provider. Tricor Investor & Issuing House Services Sdn Bhd acted as registrar for Public Bank Berhad.
Public Bank Berhad (KLSE:PBBANK) completed the acquisition of 44.15% stake in LPI Capital Bhd (KLSE:LPI) from Consolidated Teh Holdings Sdn Berhad and Estate of the Late Tan Sri Dato' Sri Dr. Teh Hong Piow on December 4, 2024. Following the completion of the Acquisition, Public Bank Berhad’s shareholdings in LPI has increased from nil to 175,896,000 LPI Shares, representing approximately 44.15% of the total issued shares of LPI. The Acquisition has been completed following the crediting of the Sale Shares into the Purchaser’s securities account. Reported Earnings • Nov 30
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: RM0.099 (up from RM0.088 in 3Q 2023). Revenue: RM3.60b (up 9.6% from 3Q 2023). Net income: RM1.91b (up 12% from 3Q 2023). Profit margin: 53% (up from 52% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 8.9%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Announcement • Oct 11
Public Bank Berhad (KLSE:PBBANK) agreed to acquire 44.15% stake in LPI Capital Bhd (KLSE:LPI) from Consolidated Teh Holdings Sdn Berhad and Estate of the Late Tan Sri Dato' Sri Dr. Teh Hong Piow for MYR 1.7 billion. Public Bank Berhad (KLSE:PBBANK) agreed to acquire 44.15% stake in LPI Capital Bhd (KLSE:LPI) from Consolidated Teh Holdings Sdn Berhad and Estate of the Late Tan Sri Dato' Sri Dr. Teh Hong Piow for MYR 1.7 billion on October 10, 2024. A cash consideration of MYR 1.72 billion will be paid by Public Bank Berhad. As part of consideration, MYR 1.72 billion is paid towards common equity of LPI Capital Bhd.
The transaction is subject to approval by regulatory board / committee and approval of offer by acquirer shareholders. It is pertinent to note that Public Bank has received the approval from the Ministry of Finance and Bank Negara Malaysia for the Proposed Acquisition and is expected to complete this corporate exercise in the 1st quarter of 2025. Declared Dividend • Aug 29
First half dividend increased to RM0.10 Dividend of RM0.10 is 11% higher than last year. Ex-date: 10th September 2024 Payment date: 23rd September 2024 Dividend yield will be 4.3%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (57% payout ratio) and is expected to be covered in 3 years' time (58% forecast payout ratio). The dividend has increased by an average of 6.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 28
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: RM0.092 (up from RM0.083 in 2Q 2023). Revenue: RM3.41b (up 7.2% from 2Q 2023). Net income: RM1.78b (up 10% from 2Q 2023). Profit margin: 52% (up from 51% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 4.3%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year. Announcement • Aug 27
Public Bank Berhad Announces First Interim Dividend for the Year Ending December 31, 2024, Payable on 23 September 2024 Public Bank Berhad announced first interim dividend of 10.0 sen per share for the year ending December 31, 2024. The ex-date is on 10 September 2024 and the payment date is on 23 September 2024. The entitlement date is on 11 September 2024. Reported Earnings • May 21
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: RM0.085 (down from RM0.088 in 1Q 2023). Revenue: RM3.32b (flat on 1Q 2023). Net income: RM1.65b (down 3.5% from 1Q 2023). Profit margin: 50% (down from 52% in 1Q 2023). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Apr 10
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: RM0.34 (up from RM0.32 in FY 2022). Revenue: RM12.9b (flat on FY 2022). Net income: RM6.65b (up 8.7% from FY 2022). Profit margin: 51% (up from 47% in FY 2022). Net interest margin (NIM): 2.20% (down from 2.40% in FY 2022). Cost-to-income ratio: 33.7% (up from 31.5% in FY 2022). Non-performing loans: 0.59% (up from 0.42% in FY 2022). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Apr 06
Public Bank Berhad, Annual General Meeting, May 08, 2024 Public Bank Berhad, Annual General Meeting, May 08, 2024, at 11:00 Singapore Standard Time. Agenda: To lay before the meeting the Audited Financial Statements for the financial year ended 31 December 2023 and the Reports of the Directors and Auditors thereon; to re-elect Ms. Teoh Meow Choo who retires pursuant to Clause 105 of the Company's Constitution and who being eligible, offers herself for re-election; to re-elect the retiring director; to approve the payment of Directors' fees, Board Committees Members' fees, and allowances to Directors amounting to RM5,774,355 for the financial year ended 31 December 2023;and to re-appoint Messrs Ernst & Young PLT as Auditors of the Company for the financial year ending 31 December 2024 and to authorize the Directors to fix the Auditors' remuneration. Upcoming Dividend • Mar 06
Upcoming dividend of RM0.10 per share Eligible shareholders must have bought the stock before 13 March 2024. Payment date: 22 March 2024. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Malaysian dividend payers (4.8%). Lower than average of industry peers (5.3%). Reported Earnings • Feb 29
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: RM0.34 (up from RM0.32 in FY 2022). Revenue: RM12.9b (down 1.0% from FY 2022). Net income: RM6.65b (up 8.7% from FY 2022). Profit margin: 51% (up from 47% in FY 2022). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jan 29
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 6.0% to RM4.41. The fair value is estimated to be RM3.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 9.1% in 2 years. Earnings are forecast to grow by 8.8% in the next 2 years. Reported Earnings • Nov 30
Third quarter 2023 earnings: EPS exceeds analyst expectations Third quarter 2023 results: EPS: RM0.088 (up from RM0.082 in 3Q 2022). Revenue: RM3.28b (down 2.4% from 3Q 2022). Net income: RM1.70b (up 7.0% from 3Q 2022). Profit margin: 52% (up from 47% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Sep 06
Upcoming dividend of RM0.09 per share at 3.3% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Malaysian dividend payers (5.2%). Lower than average of industry peers (5.2%). Reported Earnings • Aug 30
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: RM0.083 (up from RM0.073 in 2Q 2022). Revenue: RM3.18b (up 2.8% from 2Q 2022). Net income: RM1.62b (up 14% from 2Q 2022). Profit margin: 51% (up from 46% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Reported Earnings • May 26
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: EPS: RM0.088 (up from RM0.072 in 1Q 2022). Revenue: RM3.30b (up 8.3% from 1Q 2022). Net income: RM1.71b (up 23% from 1Q 2022). Profit margin: 52% (up from 46% in 1Q 2022). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 3.6%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Apr 16
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: RM0.32 (up from RM0.29 in FY 2021). Revenue: RM13.1b (up 16% from FY 2021). Net income: RM6.12b (up 8.2% from FY 2021). Profit margin: 47% (down from 50% in FY 2021). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 2.40% (up from 2.20% in FY 2021). Cost-to-income ratio: 31.5% (down from 31.6% in FY 2021). Non-performing loans: 0.42% (up from 0.31% in FY 2021). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • Mar 06
Upcoming dividend of RM0.05 per share at 4.1% yield Eligible shareholders must have bought the stock before 13 March 2023. Payment date: 22 March 2023. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Malaysian dividend payers (5.2%). Lower than average of industry peers (4.9%). Reported Earnings • Feb 28
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: RM0.32 (up from RM0.29 in FY 2021). Revenue: RM13.1b (up 16% from FY 2021). Net income: RM6.12b (up 8.2% from FY 2021). Profit margin: 47% (down from 50% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. Announcement • Dec 13
Public Bank Berhad Announces Demise of Tan Sri Dato' Sri Dr Teh Hong Piow, Non-Independent and Non-Executive Director Public Bank Berhad announced demise of Tan Sri Dato' Sri Dr Teh Hong Piow, non-independent and non-executive director. Age: 92, Date of change is 12 December 2022. Upcoming Dividend • Dec 07
Upcoming dividend of RM0.04 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 23 December 2022. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Malaysian dividend payers (5.0%). Lower than average of industry peers (4.5%). Reported Earnings • Dec 03
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: RM0.082 (up from RM0.07 in 3Q 2021). Revenue: RM3.37b (up 23% from 3Q 2021). Net income: RM1.59b (up 17% from 3Q 2021). Profit margin: 47% (down from 50% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.2%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Banks industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Announcement • Nov 30
Public Bank Berhad to Report Q3, 2022 Results on Nov 30, 2022 Public Bank Berhad announced that they will report Q3, 2022 results at 12:30 PM, Singapore Standard Time on Nov 30, 2022 Upcoming Dividend • Sep 06
Upcoming dividend of RM0.08 per share Eligible shareholders must have bought the stock before 13 September 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Malaysian dividend payers (5.0%). Lower than average of industry peers (4.6%). Reported Earnings • Aug 30
First half 2022 earnings: EPS and revenues miss analyst expectations First half 2022 results: EPS: RM0.072 (down from RM0.15 in 1H 2021). Net income: RM2.82b (down 3.4% from 1H 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. Announcement • Aug 29
Public Bank Berhad Declares First Interim Dividend, Will Be Paid on 23 September 2022 Public Bank Berhad declaring a first interim dividend of 8.0 sen per share, which will result in a total dividend payout of MYR 1.55 billion, representing 55.2% of the Group's net profit for the half year ended 30 June 2022. The first interim dividend will be paid on 23 September 2022 based on the dividend entitlement date of 14 September 2022. Announcement • Aug 25
Public Bank Berhad to Report First Half, 2022 Results on Aug 29, 2022 Public Bank Berhad announced that they will report first half, 2022 results on Aug 29, 2022 Announcement • Jul 01
Public Bank Berhad Appoints Gladys Leong as Independent and Non Executive Member of Audit Committee Public Bank Berhad appointed Gladys Leong as Independent and Non Executive Member of Audit Committee. Her age is 60 and nationality is Malaysia. Date of change is 1 July 2022. Reported Earnings • May 31
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: RM0.072 (down from RM0.079 in 1Q 2021). Revenue: RM3.05b (flat on 1Q 2021). Net income: RM1.40b (down 8.6% from 1Q 2021). Profit margin: 46% (down from 51% in 1Q 2021). Revenue exceeded analyst estimates by 53%. Earnings per share (EPS) missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 17%, compared to a 18% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Announcement • May 25
Public Bank Berhad to Report Q1, 2022 Results on May 30, 2022 Public Bank Berhad announced that they will report Q1, 2022 results at 4:30 AM, Coordinated Universal Time on May 30, 2022 Reported Earnings • Apr 27
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: RM0.29 (up from RM0.25 in FY 2020). Revenue: RM11.3b (up 13% from FY 2020). Net income: RM5.66b (up 16% from FY 2020). Profit margin: 50% (up from 49% in FY 2020). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.20% (up from 2.00% in FY 2020). Cost-to-income ratio: 31.6% (down from 34.6% in FY 2020). Non-performing loans: 0.31% (down from 0.36% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 15%, compared to a 18% growth forecast for the banks industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year. Buying Opportunity • Mar 29
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be RM5.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has been flat over the last 3 years. Upcoming Dividend • Mar 04
Upcoming dividend of RM0.077 per share Eligible shareholders must have bought the stock before 11 March 2022. Payment date: 22 March 2022. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Malaysian dividend payers (4.7%). Lower than average of industry peers (4.6%). Buying Opportunity • Mar 01
Now 20% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be RM5.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has been flat over the last 3 years. Reported Earnings • Feb 27
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: RM0.29 (up from RM0.25 in FY 2020). Revenue: RM11.3b (up 13% from FY 2020). Net income: RM5.66b (up 16% from FY 2020). Profit margin: 50% (up from 49% in FY 2020). The increase in margin was driven by higher revenue. Cost-to-income ratio: 31.6% (down from 34.6% in FY 2020). Non-performing loans: 0.31% (down from 0.36% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 14%, compared to a 20% growth forecast for the banks industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Announcement • Feb 26
Public Bank Berhad Declares Second Interim Dividend, Payable 22 March 2022 The Board of Directors of Public Bank Berhad is declaring a second interim dividend of 7.7 sen per share. The second interim dividend will be paid on 22 March 2022based on the dividend entitlement date of 14 March 2022. Together with the first interim dividend of 7.5 sen per share, the full year dividend for 2021 amounts to 15.2 sen. This represents a total dividend payout of MYR 2.95 billion or 52.2% of the Group's net profit for 2021. Announcement • Feb 25
Public Bank Berhad to Report Fiscal Year 2021 Results on Feb 25, 2022 Public Bank Berhad announced that they will report fiscal year 2021 results at 12:30 PM, Singapore Standard Time on Feb 25, 2022 Reported Earnings • Nov 30
Third quarter 2021 earnings: EPS and revenues miss analyst expectations Third quarter 2021 results: EPS: RM0.07 (down from RM0.072 in 3Q 2020). Revenue: RM2.75b (flat on 3Q 2020). Net income: RM1.36b (down 2.3% from 3Q 2020). Profit margin: 50% (down from 51% in 3Q 2020). Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 17%, compared to a 21% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS RM0.071 (vs RM0.052 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM2.80b (up 24% from 2Q 2020). Net income: RM1.38b (up 38% from 2Q 2020). Profit margin: 50% (up from 45% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year. Executive Departure • Jun 05
Independent Non-Executive Director Wai Lai has left the company On the 29th of May, Wai Lai's tenure as Independent Non-Executive Director ended after 9.0 years in the role. We don't have any record of a personal shareholding under Wai's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 7.67 years. Executive Departure • Jun 05
Non-Independent Non-Executive Director Wing Chew Tang has left the company On the 29th of May, Wing Chew Tang's tenure as Non-Independent Non-Executive Director ended after 10.2 years in the role. We don't have any record of a personal shareholding under Wing Chew's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 7.67 years. Reported Earnings • May 12
First quarter 2021 earnings released: EPS RM0.079 (vs RM0.068 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM3.03b (up 11% from 1Q 2020). Net income: RM1.53b (up 15% from 1Q 2020). Profit margin: 51% (up from 49% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS RM0.25 (vs RM0.28 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: RM10.0b (down 7.8% from FY 2019). Net income: RM4.87b (down 12% from FY 2019). Profit margin: 49% (down from 51% in FY 2019). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 2.00% (down from 2.20% in FY 2019). Cost-to-income ratio: 34.6% (up from 34.4% in FY 2019). Non-performing loans: 0.36% (down from 0.49% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. Is New 90 Day High Low • Mar 09
New 90-day high: RM4.42 The company is up 11% from its price of RM3.97 on 09 December 2020. The Malaysian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM3.67 per share. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS RM0.25 (vs RM0.28 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: RM10.2b (down 6.2% from FY 2019). Net income: RM4.87b (down 12% from FY 2019). Profit margin: 48% (down from 51% in FY 2019). Cost-to-income ratio: 34.6% (up from 34.4% in FY 2019). Non-performing loans: 0.36% (down from 0.49% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 15%, compared to a 22% growth forecast for the Banks industry in Malaysia. Announcement • Feb 25
Public Bank Berhad to Report Fiscal Year 2020 Results on Feb 25, 2021 Public Bank Berhad announced that they will report fiscal year 2020 results at 12:30 PM, Singapore Standard Time on Feb 25, 2021 Announcement • Dec 31
Public Bank Berhad Announces Resignation of Chia Lee Kee as Company Secretary Public Bank Berhad announced resignation of Chia Lee Kee as Company Secretary effective Dec. 31, 2020. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 17% share price gain to RM21.68, the stock is trading at a trailing P/E ratio of 16.4x, up from the previous P/E ratio of 14x. This compares to an average P/E of 11x in the Banks industry in Malaysia. Total returns to shareholders over the past three years are 15%. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improved over the past week After last week's 18% share price gain to RM21.90, the stock is trading at a trailing P/E ratio of 16.6x, up from the previous P/E ratio of 14.1x. This compares to an average P/E of 11x in the Banks industry in Malaysia. Total returns to shareholders over the past three years are 15%. Is New 90 Day High Low • Dec 09
New 90-day high: RM19.86 The company is up 23% from its price of RM16.18 on 10 September 2020. The Malaysian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM13.46 per share. Price Target Changed • Nov 30
Price target raised to RM19.19 Up from RM17.86, the current price target is an average from 20 analysts. The new target price is 10% above the current share price of RM17.40. As of last close, the stock is down 11% over the past year. 
