View ValuationBangkok Bank 향후 성장Future 기준 점검 1/6Bangkok Bank (는) 각각 연간 4% 및 7% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 4.2% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 7.2% 로 예상됩니다.핵심 정보4.0%이익 성장률4.25%EPS 성장률Banks 이익 성장3.6%매출 성장률7.0%향후 자기자본이익률7.23%애널리스트 커버리지Good마지막 업데이트31 Jul 2026최근 향후 성장 업데이트Price Target Changed • Jul 30Price target increased by 7.8% to ฿196Up from ฿182, the current price target is an average from 20 analysts. New target price is approximately in line with last closing price of ฿191. Stock is up 29% over the past year. The company is forecast to post earnings per share of ฿21.51 for next year compared to ฿24.10 last year.Major Estimate Revision • Oct 27Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate was lowered from ฿13.25 to ฿11.67. Revenue estimate was approximately flat at ฿117.9b. Net income is expected to grow by 18% next year compared to 0.1% growth forecast for the Banks industry in Thailand. The consensus price target was lowered from ฿127 to ฿120. Share price is up 2.5% to ฿94.00 over the past week.모든 업데이트 보기Recent updatesPrice Target Changed • Jul 30Price target increased by 7.8% to ฿196Up from ฿182, the current price target is an average from 20 analysts. New target price is approximately in line with last closing price of ฿191. Stock is up 29% over the past year. The company is forecast to post earnings per share of ฿21.51 for next year compared to ฿24.10 last year.Reported Earnings • Jul 22Second quarter 2026 earnings: EPS misses analyst expectationsSecond quarter 2026 results: EPS: ฿4.98 (down from ฿6.20 in 2Q 2025). Revenue: ฿31.9b (down 5.3% from 2Q 2025). Net income: ฿9.50b (down 20% from 2Q 2025). Profit margin: 30% (down from 35% in 2Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.7%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Banks industry in Thailand. 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 3% per year.Reported Earnings • Apr 22First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: ฿5.76 (down from ฿6.61 in 1Q 2025). Revenue: ฿31.8b (down 13% from 1Q 2025). Net income: ฿11.0b (down 13% from 1Q 2025). Profit margin: 35% (in line with 1Q 2025). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 15Upcoming dividend of ฿8.00 per shareEligible shareholders must have bought the stock before 22 April 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Thai dividend payers (7.4%). Lower than average of industry peers (6.3%).공고 • Apr 13Resolutions of the Bangkok Bank Public Company Limited Approves Final Dividend for the Year Ended December 31, 2025, Payable on May 8, 2026Bangkok Bank Public Company Limited at its 33rd Annual Ordinary Meeting of Shareholders, held on April 10, 2026, approved the appropriation of profit and the payment of dividend for the year Ended December 31, 2025 as follows: the appropriation of dividend payments for the operating results of the year 2025, which dividend was derived from retained earnings, at the rate of THB 10.00 per ordinary share, totaling THB 19,088,428,940 or about 42.45 % of the annual net profit, a part of which had been paid as interim dividend at the rate of THB 2.00 per ordinary share on September 26, 2025, and the remaining amount be paid on May 8, 2026 at the rate of THB 8.00 per ordinary share and the record date for determining the shareholders who have the right to receive the dividend payment be April 23, 2026.Reported Earnings • Mar 05Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ฿24.10 (up from ฿23.69 in FY 2024). Revenue: ฿142.4b (up 1.0% from FY 2024). Net income: ฿46.0b (up 1.8% from FY 2024). Profit margin: 32% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.2%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Declared Dividend • Mar 02Final dividend increased to ฿8.00Dividend of ฿8.00 is 23% higher than last year. Ex-date: 22nd April 2026 Payment date: 8th May 2026 Dividend yield will be 5.6%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by earnings (33% payout ratio) and is expected to be well covered in 3 years' time (40% forecast payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 1.7% over the next 3 years. However, it would need to fall by 63% to increase the payout ratio to a potentially unsustainable range.공고 • Feb 27+ 1 more updateBangkok Bank Public Company Limited Proposes Cash Dividend for the Year Ended December 31, 2025, Payable on May 8, 2026Bangkok Bank Public Company Limited at its AGM to be held on 10 April 2026 proposed to pay cash dividend for the operating results of the year ended December 31, 2025, which dividend was derived from retained earnings, at the rate of THB 10.00 per ordinary share, totaling THB 19,088,428,940 or 42.45% of the annual net profit, a part of which had been paid as interim dividend at the rate of THB 2.00 per ordinary share on September 26, 2025, and the remaining amount be paid on May 8, 2026 at the rate of THB 8.00 per ordinary share and the record date for determining the shareholders who have the right to receive the dividend payment be April 23, 2026. Ex-dividend date is 22 April 2026.Reported Earnings • Jan 21Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ฿24.10 (up from ฿23.69 in FY 2024). Revenue: ฿142.4b (up 1.0% from FY 2024). Net income: ฿46.0b (up 1.8% from FY 2024). Profit margin: 32% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.2%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 31Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ฿6.20 (up from ฿6.19 in 2Q 2024). Revenue: ฿33.7b (up 1.7% from 2Q 2024). Net income: ฿11.8b (flat on 2Q 2024). Profit margin: 35% (in line with 2Q 2024). Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 4.8%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Declared Dividend • Aug 30First half dividend of ฿2.00 announcedShareholders will receive a dividend of ฿2.00. Ex-date: 10th September 2025 Payment date: 26th September 2025 Dividend yield will be 5.5%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by earnings (26% payout ratio) and is expected to be well covered in 3 years' time (38% forecast payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 4.3% over the next 3 years. However, it would need to fall by 71% to increase the payout ratio to a potentially unsustainable range.New Risk • Jul 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Jul 19Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ฿6.20 (up from ฿6.19 in 2Q 2024). Revenue: ฿33.7b (up 1.7% from 2Q 2024). Net income: ฿11.8b (flat on 2Q 2024). Profit margin: 35% (in line with 2Q 2024). Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 4.8%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.New Risk • Jul 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.08% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.08% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Apr 18First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ฿6.61 (up from ฿5.51 in 1Q 2024). Revenue: ฿36.6b (up 11% from 1Q 2024). Net income: ฿12.6b (up 20% from 1Q 2024). Profit margin: 35% (up from 32% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 16Upcoming dividend of ฿6.50 per shareEligible shareholders must have bought the stock before 23 April 2025. Payment date: 09 May 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 6.1%. Lower than top quartile of Thai dividend payers (8.1%). Lower than average of industry peers (6.8%).공고 • Apr 12Bangkok Bank Public Company Limited Approves Dividend Payments for the Year 2024, Payable on April 24, 2025Bangkok Bank Public Company Limited at its AGM held on April 11, 2025, approved the appropriation of dividend payments for the operating results of the year 2024, which dividend was derived from retained earnings, at the rate of THB 8.50 per ordinary share, totaling THB 16,225,164,599 or about 37.69% of the annual net profit, a part of which had been paid as interim dividend at the rate of THB 2.00 per ordinary share on September 20, 2024, and the remaining amount be paid on May 9, 2025 at the rate of THB 6.50 per ordinary share and the record date for determining the shareholders who have the right to receive the dividend payment be April 24, 2025.Declared Dividend • Feb 26Final dividend increased to ฿6.50Dividend of ฿6.50 is 30% higher than last year. Ex-date: 23rd April 2025 Payment date: 9th May 2025 Dividend yield will be 5.8%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by earnings (36% payout ratio) and is expected to be well covered in 3 years' time (34% forecast payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공고 • Feb 21+ 1 more updateBangkok Bank Public Company Limited, Annual General Meeting, Apr 11, 2025Bangkok Bank Public Company Limited, Annual General Meeting, Apr 11, 2025, at 15:00 SE Asia Standard Time. Location: bangkok bank public company limited., head office, 333 silom road, bang rak, bangkok Thailand공고 • Feb 20Bangkok Bank Public Company Limited Proposes Cash Dividend, Payable on May 9, 2025Bangkok Bank Public Company Limited announced the dividend payment for the operating results of the year 2024, which dividend was derived from retained earnings, be paid at the rate of THB 8.50 per ordinary share, totaling THB 16,225,164,599, a part of which had been paid as interim dividend at the rate of THB 2.00 per ordinary share on September 20, 2024; that the remaining amount be paid on May 9, 2025 at the rate of THB 6.50 per ordinary share; and that the record date for determining the shareholders who have the right to receive the dividend payment be April 24, 2025 at the Annual Ordinary Meeting of Shareholders to be held on March 6, 2025.Reported Earnings • Jan 22Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿23.69 (up from ฿21.81 in FY 2023). Revenue: ฿141.0b (up 5.3% from FY 2023). Net income: ฿45.2b (up 8.6% from FY 2023). Profit margin: 32% (up from 31% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.공고 • Jan 02Bangkok Bank Public Company Limited Announces Resignation of Suvarn Thansathit as DirectorBangkok Bank Public Company Limited announced that Mr. Suvarn Thansathit has resigned from the directorship of the Bank due to his health problem, effective from January 1, 2025 onwards.Reported Earnings • Oct 19Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: ฿6.54 (up from ฿5.95 in 3Q 2023). Revenue: ฿37.6b (up 12% from 3Q 2023). Net income: ฿12.5b (up 9.9% from 3Q 2023). Profit margin: 33% (in line with 3Q 2023). Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) also surpassed analyst estimates by 7.5%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 26Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: ฿6.19 (up from ฿5.92 in 2Q 2023). Revenue: ฿33.1b (down 1.3% from 2Q 2023). Net income: ฿11.8b (up 4.5% from 2Q 2023). Profit margin: 36% (up from 34% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Declared Dividend • Aug 24First half dividend of ฿2.00 announcedDividend of ฿2.00 is the same as last year. Ex-date: 4th September 2024 Payment date: 20th September 2024 Dividend yield will be 4.9%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by earnings (22% payout ratio) and is expected to be well covered in 3 years' time (32% forecast payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공고 • Aug 22Bangkok Bank Public Company Limited Announces Interim Dividend, Payable on 20 September 2024Bangkok Bank Public Company Limited announced a interim cash dividend of THB 2.00 per share. Ex-dividend date is 4 September 2024, and payment date is 20 September 2024. Record date for the right to receive dividends 5 September 2024.Reported Earnings • Jul 20Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: ฿6.19 (up from ฿5.92 in 2Q 2023). Revenue: ฿33.1b (down 1.3% from 2Q 2023). Net income: ฿11.8b (up 4.5% from 2Q 2023). Profit margin: 36% (up from 34% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 18First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: ฿5.51 (up from ฿5.31 in 1Q 2023). Revenue: ฿33.1b (up 4.0% from 1Q 2023). Net income: ฿10.5b (up 3.9% from 1Q 2023). Profit margin: 32% (in line with 1Q 2023). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 16Upcoming dividend of ฿5.00 per shareEligible shareholders must have bought the stock before 23 April 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Thai dividend payers (5.8%). Lower than average of industry peers (5.8%).공고 • Apr 11Bangkok Bank Public Company Limited Approves Cash Dividend, Payable on 10 May 2024Bangkok Bank Public Company Limited at its Annual Ordinary Meeting of Shareholders which was convened on April 11, 2024, approved the appropriation of dividend payments for the operating results of the year 2023, which dividend was derived from retained earnings, at the rate of THB 7.00 per ordinary share, totaling THB 13,361,900,258 or about 35.60% of the annual net profit, a part of which had been paid as interim dividend at the rate of THB 2.00 per ordinary share on September 22, 2023, and the remaining amount be paid on May 10, 2024 at the rate of THB 5.00 per ordinary share and the record date for determining the shareholders who have the right to receive the dividend payment be April 24, 2024.Reported Earnings • Feb 26Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: ฿21.81 (up from ฿15.35 in FY 2022). Revenue: ฿133.8b (up 26% from FY 2022). Net income: ฿41.6b (up 42% from FY 2022). Profit margin: 31% (up from 28% in FY 2022). The increase in margin was driven by higher revenue. Non-performing loans: 3.22% (down from 3.62% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Declared Dividend • Feb 24Final dividend increased to ฿5.00Dividend of ฿5.00 is 67% higher than last year. Ex-date: 23rd April 2024 Payment date: 10th May 2024 Dividend yield will be 4.9%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by earnings (24% payout ratio) and is expected to be well covered in 3 years' time (30% forecast payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공고 • Feb 23Bangkok Bank Public Company Limited, Annual General Meeting, Apr 11, 2024Bangkok Bank Public Company Limited, Annual General Meeting, Apr 11, 2024, at 15:00 SE Asia Standard Time. Location: Bangkok Bank Building, 333 Silom Road, Silom Sub-district, Bang Rak District, Bangkok Thailand Agenda: To discuss and acknowledge the report on the results of operations for the year 2023; To approve the financial statements for the period ended December 31, 2023; To approve the appropriation of profit and the payment of dividend for the year 2023; and to discuss other matters.공고 • Feb 22Bangkok Bank Public Company Limited Announces Cash Dividend, Payable on 10 May 2024Bangkok Bank Public Company Limited announced cash dividend of THB 5.00 per share, THB 10.00 par value, and that the record date for determining the shareholders who have the right to receive the dividend payment be April 24, 2024, ex dividend date of 23 April 2024 and payment date on 10 May 2024.공고 • Jan 29Bangkok Bank Public Company Limited Announces Audit Committee ChangesBangkok Bank Public Company Limited at its board meeting held on January 25, 2024, resolved to appoint Mr. Predee Daochai, an Independent Director, to serve as a member of the Audit Committee, replacing Mr. Arun Chirachavala, who will retire from the position a member of the Audit Committee, due to the completion of his tenure as an Independent Director on February 1, 2024. The appointment of Mr. Predee Daochai, an Independent Director, to serve as a member of the Audit Committee will be effective from February 2, 2024. From February 2, 2024 onwards, the Audit Committee of the Bank will consist of: Mr. Siri Jirapongphan, Chairman of the Audit Committee; Mr. Predee Daochai, Member of the Audit Committee; and Mr. Bundhit Eua-arporn, Member of the Audit Committee. Secretary of the Audit Committee Mr. Pornthep Kitsanayothin. The Audit Committee members have remaining terms until November 3, 2024.Reported Earnings • Jan 19Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: ฿21.81 (up from ฿15.35 in FY 2022). Revenue: ฿133.8b (up 26% from FY 2022). Net income: ฿41.6b (up 42% from FY 2022). Profit margin: 31% (up from 28% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.New Risk • Oct 31New major risk - Revenue and earnings growthEarnings have declined by 2.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.3% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Oct 20Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: ฿5.95 (up from ฿4.01 in 3Q 2022). Revenue: ฿33.6b (up 25% from 3Q 2022). Net income: ฿11.3b (up 48% from 3Q 2022). Profit margin: 34% (up from 29% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 21% per year.Upcoming Dividend • Aug 30Upcoming dividend of ฿2.00 per share at 2.9% yieldEligible shareholders must have bought the stock before 06 September 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (3.9%).Reported Earnings • Aug 26Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: ฿5.92 (up from ฿3.65 in 2Q 2022). Revenue: ฿33.6b (up 30% from 2Q 2022). Net income: ฿11.3b (up 62% from 2Q 2022). Profit margin: 34% (up from 27% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year.공고 • Aug 25Bangkok Bank Public Company Limited Announces Interim Dividend, Payable on September 22, 2023Bangkok Bank Public Company Limited announced a interim cash dividend of THB 2.00 per share. Ex-dividend date is 6 September 2023, and payment date is 22 September 2023. Record date for the right to receive dividends 7 September 2023.Reported Earnings • Jul 21Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: ฿5.92 (up from ฿3.65 in 2Q 2022). Revenue: ฿33.6b (up 30% from 2Q 2022). Net income: ฿11.3b (up 62% from 2Q 2022). Profit margin: 34% (up from 27% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year.Reported Earnings • Apr 22First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: EPS: ฿5.31 (up from ฿3.73 in 1Q 2022). Revenue: ฿31.8b (up 29% from 1Q 2022). Net income: ฿10.1b (up 42% from 1Q 2022). Profit margin: 32% (up from 29% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Apr 14Upcoming dividend of ฿3.00 per share at 2.5% yieldEligible shareholders must have bought the stock before 21 April 2023. Payment date: 12 May 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (5.9%). Lower than average of industry peers (4.2%).Buying Opportunity • Mar 02Now 20% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be ฿198, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 3.3%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings is also forecast to grow by 13% per annum over the same time period.Reported Earnings • Mar 01Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ฿15.35 (up from ฿13.89 in FY 2021). Revenue: ฿106.2b (up 5.8% from FY 2021). Net income: ฿29.3b (up 11% from FY 2021). Profit margin: 28% (up from 26% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 5.2%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.공고 • Jan 27Bangkok Bank Public Company Limited Announces Board ChangesBangkok Bank Public Company Limited informs that the Meeting No.1/2023 of the Board of Directors of the Bank held on January 26, 2023 resolved that:Mr. Predee Daochai be appointed Director (Independent Director) in place of Mr. Piti Sitthi-Amnuai; and Miss Niramarn Laisathit be appointed Director (Executive Director) in place of Mr. Thaweelap Rittapirom, with effect as from January 26, 2023.Reported Earnings • Nov 16Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: ฿4.01 (up from ฿3.62 in 3Q 2021). Revenue: ฿26.8b (up 9.2% from 3Q 2021). Net income: ฿7.66b (up 11% from 3Q 2021). Profit margin: 29% (in line with 3Q 2021). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year.Reported Earnings • Nov 13Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: ฿4.01 (up from ฿3.62 in 3Q 2021). Revenue: ฿26.8b (up 9.2% from 3Q 2021). Net income: ฿7.66b (up 11% from 3Q 2021). Profit margin: 29% (in line with 3Q 2021). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year.Upcoming Dividend • Aug 31Upcoming dividend of ฿1.50 per shareEligible shareholders must have bought the stock before 07 September 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (5.5%). Lower than average of industry peers (3.4%).Reported Earnings • Jul 23Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: ฿3.65 (up from ฿3.33 in 2Q 2021). Revenue: ฿25.8b (up 7.6% from 2Q 2021). Net income: ฿6.96b (up 9.5% from 2Q 2021). Profit margin: 27% (in line with 2Q 2021). Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 34%, compared to a 37% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year.Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿3.73 (up from ฿3.63 in 1Q 2021). Revenue: ฿24.6b (flat on 1Q 2021). Net income: ฿7.12b (up 2.8% from 1Q 2021). Profit margin: 29% (in line with 1Q 2021). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 8.9%. Over the next year, revenue is forecast to grow 35%, compared to a 36% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Apr 14Upcoming dividend of ฿2.50 per shareEligible shareholders must have bought the stock before 21 April 2022. Payment date: 12 May 2022. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (5.1%). In line with average of industry peers (3.6%).Reported Earnings • Feb 27Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿13.89 (up from ฿9.00 in FY 2020). Revenue: ฿100.4b (up 15% from FY 2020). Net income: ฿26.5b (up 54% from FY 2020). Profit margin: 26% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 36%, compared to a 36% growth forecast for the banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Buying Opportunity • Jan 22Now 20% undervaluedOver the last 90 days, the stock is up 6.6%. The fair value is estimated to be ฿163, 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 declined by 22% per annum over the last 3 years.Reported Earnings • Jan 21Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿13.89 (up from ฿9.00 in FY 2020). Revenue: ฿100.4b (up 15% from FY 2020). Net income: ฿26.5b (up 54% from FY 2020). Profit margin: 26% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 32%, compared to a 39% growth forecast for the banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Reported Earnings • Oct 23Third quarter 2021 earnings released: EPS ฿3.62 (vs ฿2.11 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿24.6b (up 3.4% from 3Q 2020). Net income: ฿6.91b (up 72% from 3Q 2020). Profit margin: 28% (up from 17% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Sep 01Upcoming dividend of ฿1.00 per shareEligible shareholders must have bought the stock before 08 September 2021. Payment date: 23 September 2021. Trailing yield: 1.8%. Lower than top quartile of Thai dividend payers (4.9%). Lower than average of industry peers (2.6%).Reported Earnings • Aug 30Second quarter 2021 earnings released: EPS ฿3.33 (vs ฿1.62 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿24.0b (up 26% from 2Q 2020). Net income: ฿6.36b (up 105% from 2Q 2020). Profit margin: 27% (up from 16% 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 23% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Reported Earnings • Jul 21Second quarter 2021 earnings released: EPS ฿3.33 (vs ฿1.62 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿24.0b (up 26% from 2Q 2020). Net income: ฿6.36b (up 105% from 2Q 2020). Profit margin: 27% (up from 16% 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 23% per year whereas the company’s share price has fallen by 20% per year.Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿3.63 (vs ฿4.02 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ฿24.5b (up 15% from 1Q 2020). Net income: ฿6.92b (down 9.7% from 1Q 2020). Profit margin: 28% (down from 36% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year.Reported Earnings • Apr 25First quarter 2021 earnings released: EPS ฿3.63 (vs ฿4.02 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ฿24.5b (up 15% from 1Q 2020). Net income: ฿6.92b (down 9.7% from 1Q 2020). Profit margin: 28% (down from 36% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year.Executive Departure • Apr 16Independent Director has left the companyOn the 12th of April, Kovit Poshyananda's tenure as Independent Director ended after 18.0 years in the role. We don't have any record of a personal shareholding under Kovit's name. A total of 4 executives have left over the last 12 months.Executive Departure • Apr 16Independent Director has left the companyOn the 12th of April, Mongkolchaleam Yugala's tenure as Independent Director ended after 18.0 years in the role. We don't have any record of a personal shareholding under Mongkolchaleam's name. A total of 4 executives have left over the last 12 months.Upcoming Dividend • Apr 14Upcoming dividend of ฿2.50 per shareEligible shareholders must have bought the stock before 21 April 2021. Payment date: 10 May 2021. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (5.0%). Lower than average of industry peers (2.9%).Reported Earnings • Feb 25Full year 2020 earnings released: EPS ฿9.00 (vs ฿18.76 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿87.5b (down 14% from FY 2019). Net income: ฿17.2b (down 52% from FY 2019). Profit margin: 20% (down from 35% in FY 2019). The decrease in margin was primarily driven by lower revenue. Non-performing loans: 4.41% (up from 3.84% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.Analyst Estimate Surprise Post Earnings • Feb 25Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 39%, compared to a 43% growth forecast for the Banks industry in Thailand.Reported Earnings • Jan 23Full year 2020 earnings released: EPS ฿9.00The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿93.4b (down 7.9% from FY 2019). Net income: ฿17.2b (down 52% from FY 2019). Profit margin: 18% (down from 35% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.Analyst Estimate Surprise Post Earnings • Jan 23Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 29%, compared to a 43% growth forecast for the Banks industry in Thailand.Is New 90 Day High Low • Dec 08New 90-day high: ฿128The company is up 19% from its price of ฿108 on 09 September 2020. The Thai market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿89.41 per share.Analyst Estimate Surprise Post Earnings • Nov 14Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 45%. Over the next year, revenue is forecast to grow 32%, compared to a 45% growth forecast for the Banks industry in Thailand.Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS ฿2.11The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿23.8b (down 4.4% from 3Q 2019). Net income: ฿4.02b (down 57% from 3Q 2019). Profit margin: 17% (down from 38% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Nov 10Market bids up stock over the past weekAfter last week's 16% share price gain to ฿115, the stock is trading at a trailing P/E ratio of 9.6x, up from the previous P/E ratio of 8.3x. This compares to an average P/E of 8x in the Banks industry in Thailand. Total return to shareholders over the past three years is a loss of 34%.Is New 90 Day High Low • Nov 10New 90-day high: ฿115The company is up 11% from its price of ฿104 on 11 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿78.03 per share.Major Estimate Revision • Oct 27Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate was lowered from ฿13.25 to ฿11.67. Revenue estimate was approximately flat at ฿117.9b. Net income is expected to grow by 18% next year compared to 0.1% growth forecast for the Banks industry in Thailand. The consensus price target was lowered from ฿127 to ฿120. Share price is up 2.5% to ฿94.00 over the past week.Reported Earnings • Oct 21Third quarter earnings releasedOver the last 12 months the company has reported total profits of ฿22.8b, down 37% from the prior year. Total revenue was ฿91.5b over the last 12 months, down 8.8% from the prior year.Analyst Estimate Surprise Post Earnings • Oct 21Third-quarter earnings released: Earnings miss expectationsEarnings per share (EPS) missed analyst estimates by 45% at ฿2.10. Revenue is forecast to grow 33% over the next year, compared to a 30% growth forecast for the Banks industry in Thailand.Is New 90 Day High Low • Oct 19New 90-day low: ฿90.25The company is down 17% from its price of ฿109 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿88.63 per share.Is New 90 Day High Low • Sep 22New 90-day low: ฿97.50The company is down 9.0% from its price of ฿108 on 24 June 2020. The Thai market is down 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿85.25 per share.이익 및 매출 성장 예측SET:BBL - 애널리스트 향후 추정치 및 과거 재무 데이터 (THB Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028169,07545,972N/AN/A1512/31/2027164,88443,425N/AN/A1612/31/2026161,40341,052N/AN/A166/30/2026135,78442,041N/AN/AN/A3/31/2026137,57044,382189,412191,345N/A12/31/2025142,35146,00788,78990,709N/A9/30/2025145,33148,651-7,318-5,204N/A6/30/2025145,04047,338-100,859-98,862N/A3/31/2025144,47247,305-57,129-54,141N/A12/31/2024140,97345,21145,71948,722N/A9/30/2024138,67543,670167,136169,871N/A6/30/2024134,64942,543116,490119,605N/A3/31/2024135,08942,030117,451119,533N/A12/31/2023133,82141,636136,671138,686N/A9/30/2023127,94640,34286,78388,909N/A6/30/2023121,16036,64953,99755,516N/A3/31/2023113,44632,31744,47045,889N/A12/31/2022106,24829,30616,83018,298N/A9/30/2022104,56328,0545,6938,984N/A6/30/2022102,30627,306-59,537-56,337N/A3/31/2022100,48126,702-139,815-136,787N/A12/31/2021100,40726,507-348,691-345,537N/A9/30/202196,54522,587-289,111-287,081N/A6/30/202195,73819,695-172,292-170,010N/A3/31/202190,77216,433-62,441-59,939N/A12/31/202087,53217,18121,12823,436N/A9/30/202091,48822,78544,62246,068N/A6/30/202092,59328,206-40,393-39,180N/A3/31/202099,15334,458N/A-77,870N/A12/31/2019101,39535,816N/A11,868N/A9/30/2019100,31235,915N/A-63,105N/A6/30/201999,68535,506N/A-12,205N/A3/31/201998,76935,354N/A42,699N/A12/31/201899,43635,330N/A-39,369N/A9/30/201897,26535,724N/A126,826N/A6/30/201895,25134,856N/A70,246N/A3/31/201892,90733,709N/A-46,066N/A12/31/201790,09833,009N/A-59,788N/A9/30/201789,74132,780N/A-208,145N/A6/30/201789,53132,680N/A-129,197N/A3/31/201788,48231,802N/A-107,342N/A12/31/201690,13031,815N/A-85,414N/A9/30/201688,88531,229N/A62,537N/A6/30/201688,74532,225N/A75,896N/A3/31/201689,06733,091N/A87,376N/A12/31/201588,07534,181N/A114,026N/A9/30/201588,44435,263N/A-113,510N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: BBL 의 연간 예상 수익 증가율(4%)이 saving rate(2.2%)보다 높습니다.수익 vs 시장: BBL 의 연간 수익(4%)이 TH 시장(9.9%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: BBL 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: BBL 의 수익(연간 7%)이 TH 시장(연간 8.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: BBL 의 수익(연간 7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: BBL의 자본 수익률은 3년 후 7.2%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YBanks 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/02 22:39종가2026/07/31 00:00수익2026/06/30연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Bangkok Bank Public Company Limited는 46명의 분석가가 다루고 있습니다. 이 중 19명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Usanee LiurutAsia Plus Securities Company LimitedKevin KwekBernsteinSarachada SornsongBofA Global Research43명의 분석가 더 보기
Price Target Changed • Jul 30Price target increased by 7.8% to ฿196Up from ฿182, the current price target is an average from 20 analysts. New target price is approximately in line with last closing price of ฿191. Stock is up 29% over the past year. The company is forecast to post earnings per share of ฿21.51 for next year compared to ฿24.10 last year.
Major Estimate Revision • Oct 27Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate was lowered from ฿13.25 to ฿11.67. Revenue estimate was approximately flat at ฿117.9b. Net income is expected to grow by 18% next year compared to 0.1% growth forecast for the Banks industry in Thailand. The consensus price target was lowered from ฿127 to ฿120. Share price is up 2.5% to ฿94.00 over the past week.
Price Target Changed • Jul 30Price target increased by 7.8% to ฿196Up from ฿182, the current price target is an average from 20 analysts. New target price is approximately in line with last closing price of ฿191. Stock is up 29% over the past year. The company is forecast to post earnings per share of ฿21.51 for next year compared to ฿24.10 last year.
Reported Earnings • Jul 22Second quarter 2026 earnings: EPS misses analyst expectationsSecond quarter 2026 results: EPS: ฿4.98 (down from ฿6.20 in 2Q 2025). Revenue: ฿31.9b (down 5.3% from 2Q 2025). Net income: ฿9.50b (down 20% from 2Q 2025). Profit margin: 30% (down from 35% in 2Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.7%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Banks industry in Thailand. 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 3% per year.
Reported Earnings • Apr 22First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: ฿5.76 (down from ฿6.61 in 1Q 2025). Revenue: ฿31.8b (down 13% from 1Q 2025). Net income: ฿11.0b (down 13% from 1Q 2025). Profit margin: 35% (in line with 1Q 2025). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 15Upcoming dividend of ฿8.00 per shareEligible shareholders must have bought the stock before 22 April 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Thai dividend payers (7.4%). Lower than average of industry peers (6.3%).
공고 • Apr 13Resolutions of the Bangkok Bank Public Company Limited Approves Final Dividend for the Year Ended December 31, 2025, Payable on May 8, 2026Bangkok Bank Public Company Limited at its 33rd Annual Ordinary Meeting of Shareholders, held on April 10, 2026, approved the appropriation of profit and the payment of dividend for the year Ended December 31, 2025 as follows: the appropriation of dividend payments for the operating results of the year 2025, which dividend was derived from retained earnings, at the rate of THB 10.00 per ordinary share, totaling THB 19,088,428,940 or about 42.45 % of the annual net profit, a part of which had been paid as interim dividend at the rate of THB 2.00 per ordinary share on September 26, 2025, and the remaining amount be paid on May 8, 2026 at the rate of THB 8.00 per ordinary share and the record date for determining the shareholders who have the right to receive the dividend payment be April 23, 2026.
Reported Earnings • Mar 05Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ฿24.10 (up from ฿23.69 in FY 2024). Revenue: ฿142.4b (up 1.0% from FY 2024). Net income: ฿46.0b (up 1.8% from FY 2024). Profit margin: 32% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.2%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Mar 02Final dividend increased to ฿8.00Dividend of ฿8.00 is 23% higher than last year. Ex-date: 22nd April 2026 Payment date: 8th May 2026 Dividend yield will be 5.6%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by earnings (33% payout ratio) and is expected to be well covered in 3 years' time (40% forecast payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 1.7% over the next 3 years. However, it would need to fall by 63% to increase the payout ratio to a potentially unsustainable range.
공고 • Feb 27+ 1 more updateBangkok Bank Public Company Limited Proposes Cash Dividend for the Year Ended December 31, 2025, Payable on May 8, 2026Bangkok Bank Public Company Limited at its AGM to be held on 10 April 2026 proposed to pay cash dividend for the operating results of the year ended December 31, 2025, which dividend was derived from retained earnings, at the rate of THB 10.00 per ordinary share, totaling THB 19,088,428,940 or 42.45% of the annual net profit, a part of which had been paid as interim dividend at the rate of THB 2.00 per ordinary share on September 26, 2025, and the remaining amount be paid on May 8, 2026 at the rate of THB 8.00 per ordinary share and the record date for determining the shareholders who have the right to receive the dividend payment be April 23, 2026. Ex-dividend date is 22 April 2026.
Reported Earnings • Jan 21Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ฿24.10 (up from ฿23.69 in FY 2024). Revenue: ฿142.4b (up 1.0% from FY 2024). Net income: ฿46.0b (up 1.8% from FY 2024). Profit margin: 32% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.2%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 31Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ฿6.20 (up from ฿6.19 in 2Q 2024). Revenue: ฿33.7b (up 1.7% from 2Q 2024). Net income: ฿11.8b (flat on 2Q 2024). Profit margin: 35% (in line with 2Q 2024). Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 4.8%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Aug 30First half dividend of ฿2.00 announcedShareholders will receive a dividend of ฿2.00. Ex-date: 10th September 2025 Payment date: 26th September 2025 Dividend yield will be 5.5%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by earnings (26% payout ratio) and is expected to be well covered in 3 years' time (38% forecast payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 4.3% over the next 3 years. However, it would need to fall by 71% to increase the payout ratio to a potentially unsustainable range.
New Risk • Jul 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Jul 19Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ฿6.20 (up from ฿6.19 in 2Q 2024). Revenue: ฿33.7b (up 1.7% from 2Q 2024). Net income: ฿11.8b (flat on 2Q 2024). Profit margin: 35% (in line with 2Q 2024). Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 4.8%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.08% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.08% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Apr 18First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ฿6.61 (up from ฿5.51 in 1Q 2024). Revenue: ฿36.6b (up 11% from 1Q 2024). Net income: ฿12.6b (up 20% from 1Q 2024). Profit margin: 35% (up from 32% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 16Upcoming dividend of ฿6.50 per shareEligible shareholders must have bought the stock before 23 April 2025. Payment date: 09 May 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 6.1%. Lower than top quartile of Thai dividend payers (8.1%). Lower than average of industry peers (6.8%).
공고 • Apr 12Bangkok Bank Public Company Limited Approves Dividend Payments for the Year 2024, Payable on April 24, 2025Bangkok Bank Public Company Limited at its AGM held on April 11, 2025, approved the appropriation of dividend payments for the operating results of the year 2024, which dividend was derived from retained earnings, at the rate of THB 8.50 per ordinary share, totaling THB 16,225,164,599 or about 37.69% of the annual net profit, a part of which had been paid as interim dividend at the rate of THB 2.00 per ordinary share on September 20, 2024, and the remaining amount be paid on May 9, 2025 at the rate of THB 6.50 per ordinary share and the record date for determining the shareholders who have the right to receive the dividend payment be April 24, 2025.
Declared Dividend • Feb 26Final dividend increased to ฿6.50Dividend of ฿6.50 is 30% higher than last year. Ex-date: 23rd April 2025 Payment date: 9th May 2025 Dividend yield will be 5.8%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by earnings (36% payout ratio) and is expected to be well covered in 3 years' time (34% forecast payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • Feb 21+ 1 more updateBangkok Bank Public Company Limited, Annual General Meeting, Apr 11, 2025Bangkok Bank Public Company Limited, Annual General Meeting, Apr 11, 2025, at 15:00 SE Asia Standard Time. Location: bangkok bank public company limited., head office, 333 silom road, bang rak, bangkok Thailand
공고 • Feb 20Bangkok Bank Public Company Limited Proposes Cash Dividend, Payable on May 9, 2025Bangkok Bank Public Company Limited announced the dividend payment for the operating results of the year 2024, which dividend was derived from retained earnings, be paid at the rate of THB 8.50 per ordinary share, totaling THB 16,225,164,599, a part of which had been paid as interim dividend at the rate of THB 2.00 per ordinary share on September 20, 2024; that the remaining amount be paid on May 9, 2025 at the rate of THB 6.50 per ordinary share; and that the record date for determining the shareholders who have the right to receive the dividend payment be April 24, 2025 at the Annual Ordinary Meeting of Shareholders to be held on March 6, 2025.
Reported Earnings • Jan 22Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿23.69 (up from ฿21.81 in FY 2023). Revenue: ฿141.0b (up 5.3% from FY 2023). Net income: ฿45.2b (up 8.6% from FY 2023). Profit margin: 32% (up from 31% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
공고 • Jan 02Bangkok Bank Public Company Limited Announces Resignation of Suvarn Thansathit as DirectorBangkok Bank Public Company Limited announced that Mr. Suvarn Thansathit has resigned from the directorship of the Bank due to his health problem, effective from January 1, 2025 onwards.
Reported Earnings • Oct 19Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: ฿6.54 (up from ฿5.95 in 3Q 2023). Revenue: ฿37.6b (up 12% from 3Q 2023). Net income: ฿12.5b (up 9.9% from 3Q 2023). Profit margin: 33% (in line with 3Q 2023). Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) also surpassed analyst estimates by 7.5%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 26Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: ฿6.19 (up from ฿5.92 in 2Q 2023). Revenue: ฿33.1b (down 1.3% from 2Q 2023). Net income: ฿11.8b (up 4.5% from 2Q 2023). Profit margin: 36% (up from 34% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Aug 24First half dividend of ฿2.00 announcedDividend of ฿2.00 is the same as last year. Ex-date: 4th September 2024 Payment date: 20th September 2024 Dividend yield will be 4.9%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by earnings (22% payout ratio) and is expected to be well covered in 3 years' time (32% forecast payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • Aug 22Bangkok Bank Public Company Limited Announces Interim Dividend, Payable on 20 September 2024Bangkok Bank Public Company Limited announced a interim cash dividend of THB 2.00 per share. Ex-dividend date is 4 September 2024, and payment date is 20 September 2024. Record date for the right to receive dividends 5 September 2024.
Reported Earnings • Jul 20Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: ฿6.19 (up from ฿5.92 in 2Q 2023). Revenue: ฿33.1b (down 1.3% from 2Q 2023). Net income: ฿11.8b (up 4.5% from 2Q 2023). Profit margin: 36% (up from 34% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 18First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: ฿5.51 (up from ฿5.31 in 1Q 2023). Revenue: ฿33.1b (up 4.0% from 1Q 2023). Net income: ฿10.5b (up 3.9% from 1Q 2023). Profit margin: 32% (in line with 1Q 2023). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 16Upcoming dividend of ฿5.00 per shareEligible shareholders must have bought the stock before 23 April 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Thai dividend payers (5.8%). Lower than average of industry peers (5.8%).
공고 • Apr 11Bangkok Bank Public Company Limited Approves Cash Dividend, Payable on 10 May 2024Bangkok Bank Public Company Limited at its Annual Ordinary Meeting of Shareholders which was convened on April 11, 2024, approved the appropriation of dividend payments for the operating results of the year 2023, which dividend was derived from retained earnings, at the rate of THB 7.00 per ordinary share, totaling THB 13,361,900,258 or about 35.60% of the annual net profit, a part of which had been paid as interim dividend at the rate of THB 2.00 per ordinary share on September 22, 2023, and the remaining amount be paid on May 10, 2024 at the rate of THB 5.00 per ordinary share and the record date for determining the shareholders who have the right to receive the dividend payment be April 24, 2024.
Reported Earnings • Feb 26Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: ฿21.81 (up from ฿15.35 in FY 2022). Revenue: ฿133.8b (up 26% from FY 2022). Net income: ฿41.6b (up 42% from FY 2022). Profit margin: 31% (up from 28% in FY 2022). The increase in margin was driven by higher revenue. Non-performing loans: 3.22% (down from 3.62% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Feb 24Final dividend increased to ฿5.00Dividend of ฿5.00 is 67% higher than last year. Ex-date: 23rd April 2024 Payment date: 10th May 2024 Dividend yield will be 4.9%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by earnings (24% payout ratio) and is expected to be well covered in 3 years' time (30% forecast payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • Feb 23Bangkok Bank Public Company Limited, Annual General Meeting, Apr 11, 2024Bangkok Bank Public Company Limited, Annual General Meeting, Apr 11, 2024, at 15:00 SE Asia Standard Time. Location: Bangkok Bank Building, 333 Silom Road, Silom Sub-district, Bang Rak District, Bangkok Thailand Agenda: To discuss and acknowledge the report on the results of operations for the year 2023; To approve the financial statements for the period ended December 31, 2023; To approve the appropriation of profit and the payment of dividend for the year 2023; and to discuss other matters.
공고 • Feb 22Bangkok Bank Public Company Limited Announces Cash Dividend, Payable on 10 May 2024Bangkok Bank Public Company Limited announced cash dividend of THB 5.00 per share, THB 10.00 par value, and that the record date for determining the shareholders who have the right to receive the dividend payment be April 24, 2024, ex dividend date of 23 April 2024 and payment date on 10 May 2024.
공고 • Jan 29Bangkok Bank Public Company Limited Announces Audit Committee ChangesBangkok Bank Public Company Limited at its board meeting held on January 25, 2024, resolved to appoint Mr. Predee Daochai, an Independent Director, to serve as a member of the Audit Committee, replacing Mr. Arun Chirachavala, who will retire from the position a member of the Audit Committee, due to the completion of his tenure as an Independent Director on February 1, 2024. The appointment of Mr. Predee Daochai, an Independent Director, to serve as a member of the Audit Committee will be effective from February 2, 2024. From February 2, 2024 onwards, the Audit Committee of the Bank will consist of: Mr. Siri Jirapongphan, Chairman of the Audit Committee; Mr. Predee Daochai, Member of the Audit Committee; and Mr. Bundhit Eua-arporn, Member of the Audit Committee. Secretary of the Audit Committee Mr. Pornthep Kitsanayothin. The Audit Committee members have remaining terms until November 3, 2024.
Reported Earnings • Jan 19Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: ฿21.81 (up from ฿15.35 in FY 2022). Revenue: ฿133.8b (up 26% from FY 2022). Net income: ฿41.6b (up 42% from FY 2022). Profit margin: 31% (up from 28% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
New Risk • Oct 31New major risk - Revenue and earnings growthEarnings have declined by 2.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.3% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Oct 20Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: ฿5.95 (up from ฿4.01 in 3Q 2022). Revenue: ฿33.6b (up 25% from 3Q 2022). Net income: ฿11.3b (up 48% from 3Q 2022). Profit margin: 34% (up from 29% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 21% per year.
Upcoming Dividend • Aug 30Upcoming dividend of ฿2.00 per share at 2.9% yieldEligible shareholders must have bought the stock before 06 September 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (3.9%).
Reported Earnings • Aug 26Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: ฿5.92 (up from ฿3.65 in 2Q 2022). Revenue: ฿33.6b (up 30% from 2Q 2022). Net income: ฿11.3b (up 62% from 2Q 2022). Profit margin: 34% (up from 27% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year.
공고 • Aug 25Bangkok Bank Public Company Limited Announces Interim Dividend, Payable on September 22, 2023Bangkok Bank Public Company Limited announced a interim cash dividend of THB 2.00 per share. Ex-dividend date is 6 September 2023, and payment date is 22 September 2023. Record date for the right to receive dividends 7 September 2023.
Reported Earnings • Jul 21Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: ฿5.92 (up from ฿3.65 in 2Q 2022). Revenue: ฿33.6b (up 30% from 2Q 2022). Net income: ฿11.3b (up 62% from 2Q 2022). Profit margin: 34% (up from 27% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year.
Reported Earnings • Apr 22First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: EPS: ฿5.31 (up from ฿3.73 in 1Q 2022). Revenue: ฿31.8b (up 29% from 1Q 2022). Net income: ฿10.1b (up 42% from 1Q 2022). Profit margin: 32% (up from 29% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Apr 14Upcoming dividend of ฿3.00 per share at 2.5% yieldEligible shareholders must have bought the stock before 21 April 2023. Payment date: 12 May 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (5.9%). Lower than average of industry peers (4.2%).
Buying Opportunity • Mar 02Now 20% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be ฿198, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 3.3%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings is also forecast to grow by 13% per annum over the same time period.
Reported Earnings • Mar 01Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ฿15.35 (up from ฿13.89 in FY 2021). Revenue: ฿106.2b (up 5.8% from FY 2021). Net income: ฿29.3b (up 11% from FY 2021). Profit margin: 28% (up from 26% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 5.2%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
공고 • Jan 27Bangkok Bank Public Company Limited Announces Board ChangesBangkok Bank Public Company Limited informs that the Meeting No.1/2023 of the Board of Directors of the Bank held on January 26, 2023 resolved that:Mr. Predee Daochai be appointed Director (Independent Director) in place of Mr. Piti Sitthi-Amnuai; and Miss Niramarn Laisathit be appointed Director (Executive Director) in place of Mr. Thaweelap Rittapirom, with effect as from January 26, 2023.
Reported Earnings • Nov 16Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: ฿4.01 (up from ฿3.62 in 3Q 2021). Revenue: ฿26.8b (up 9.2% from 3Q 2021). Net income: ฿7.66b (up 11% from 3Q 2021). Profit margin: 29% (in line with 3Q 2021). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year.
Reported Earnings • Nov 13Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: ฿4.01 (up from ฿3.62 in 3Q 2021). Revenue: ฿26.8b (up 9.2% from 3Q 2021). Net income: ฿7.66b (up 11% from 3Q 2021). Profit margin: 29% (in line with 3Q 2021). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year.
Upcoming Dividend • Aug 31Upcoming dividend of ฿1.50 per shareEligible shareholders must have bought the stock before 07 September 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (5.5%). Lower than average of industry peers (3.4%).
Reported Earnings • Jul 23Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: ฿3.65 (up from ฿3.33 in 2Q 2021). Revenue: ฿25.8b (up 7.6% from 2Q 2021). Net income: ฿6.96b (up 9.5% from 2Q 2021). Profit margin: 27% (in line with 2Q 2021). Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 34%, compared to a 37% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year.
Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿3.73 (up from ฿3.63 in 1Q 2021). Revenue: ฿24.6b (flat on 1Q 2021). Net income: ฿7.12b (up 2.8% from 1Q 2021). Profit margin: 29% (in line with 1Q 2021). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 8.9%. Over the next year, revenue is forecast to grow 35%, compared to a 36% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Apr 14Upcoming dividend of ฿2.50 per shareEligible shareholders must have bought the stock before 21 April 2022. Payment date: 12 May 2022. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (5.1%). In line with average of industry peers (3.6%).
Reported Earnings • Feb 27Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿13.89 (up from ฿9.00 in FY 2020). Revenue: ฿100.4b (up 15% from FY 2020). Net income: ฿26.5b (up 54% from FY 2020). Profit margin: 26% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 36%, compared to a 36% growth forecast for the banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Jan 22Now 20% undervaluedOver the last 90 days, the stock is up 6.6%. The fair value is estimated to be ฿163, 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 declined by 22% per annum over the last 3 years.
Reported Earnings • Jan 21Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: ฿13.89 (up from ฿9.00 in FY 2020). Revenue: ฿100.4b (up 15% from FY 2020). Net income: ฿26.5b (up 54% from FY 2020). Profit margin: 26% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 32%, compared to a 39% growth forecast for the banks industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Reported Earnings • Oct 23Third quarter 2021 earnings released: EPS ฿3.62 (vs ฿2.11 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿24.6b (up 3.4% from 3Q 2020). Net income: ฿6.91b (up 72% from 3Q 2020). Profit margin: 28% (up from 17% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Sep 01Upcoming dividend of ฿1.00 per shareEligible shareholders must have bought the stock before 08 September 2021. Payment date: 23 September 2021. Trailing yield: 1.8%. Lower than top quartile of Thai dividend payers (4.9%). Lower than average of industry peers (2.6%).
Reported Earnings • Aug 30Second quarter 2021 earnings released: EPS ฿3.33 (vs ฿1.62 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿24.0b (up 26% from 2Q 2020). Net income: ฿6.36b (up 105% from 2Q 2020). Profit margin: 27% (up from 16% 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 23% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Reported Earnings • Jul 21Second quarter 2021 earnings released: EPS ฿3.33 (vs ฿1.62 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿24.0b (up 26% from 2Q 2020). Net income: ฿6.36b (up 105% from 2Q 2020). Profit margin: 27% (up from 16% 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 23% per year whereas the company’s share price has fallen by 20% per year.
Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿3.63 (vs ฿4.02 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ฿24.5b (up 15% from 1Q 2020). Net income: ฿6.92b (down 9.7% from 1Q 2020). Profit margin: 28% (down from 36% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year.
Reported Earnings • Apr 25First quarter 2021 earnings released: EPS ฿3.63 (vs ฿4.02 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ฿24.5b (up 15% from 1Q 2020). Net income: ฿6.92b (down 9.7% from 1Q 2020). Profit margin: 28% (down from 36% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year.
Executive Departure • Apr 16Independent Director has left the companyOn the 12th of April, Kovit Poshyananda's tenure as Independent Director ended after 18.0 years in the role. We don't have any record of a personal shareholding under Kovit's name. A total of 4 executives have left over the last 12 months.
Executive Departure • Apr 16Independent Director has left the companyOn the 12th of April, Mongkolchaleam Yugala's tenure as Independent Director ended after 18.0 years in the role. We don't have any record of a personal shareholding under Mongkolchaleam's name. A total of 4 executives have left over the last 12 months.
Upcoming Dividend • Apr 14Upcoming dividend of ฿2.50 per shareEligible shareholders must have bought the stock before 21 April 2021. Payment date: 10 May 2021. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (5.0%). Lower than average of industry peers (2.9%).
Reported Earnings • Feb 25Full year 2020 earnings released: EPS ฿9.00 (vs ฿18.76 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿87.5b (down 14% from FY 2019). Net income: ฿17.2b (down 52% from FY 2019). Profit margin: 20% (down from 35% in FY 2019). The decrease in margin was primarily driven by lower revenue. Non-performing loans: 4.41% (up from 3.84% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
Analyst Estimate Surprise Post Earnings • Feb 25Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 39%, compared to a 43% growth forecast for the Banks industry in Thailand.
Reported Earnings • Jan 23Full year 2020 earnings released: EPS ฿9.00The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿93.4b (down 7.9% from FY 2019). Net income: ฿17.2b (down 52% from FY 2019). Profit margin: 18% (down from 35% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
Analyst Estimate Surprise Post Earnings • Jan 23Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 29%, compared to a 43% growth forecast for the Banks industry in Thailand.
Is New 90 Day High Low • Dec 08New 90-day high: ฿128The company is up 19% from its price of ฿108 on 09 September 2020. The Thai market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿89.41 per share.
Analyst Estimate Surprise Post Earnings • Nov 14Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 45%. Over the next year, revenue is forecast to grow 32%, compared to a 45% growth forecast for the Banks industry in Thailand.
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS ฿2.11The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿23.8b (down 4.4% from 3Q 2019). Net income: ฿4.02b (down 57% from 3Q 2019). Profit margin: 17% (down from 38% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Nov 10Market bids up stock over the past weekAfter last week's 16% share price gain to ฿115, the stock is trading at a trailing P/E ratio of 9.6x, up from the previous P/E ratio of 8.3x. This compares to an average P/E of 8x in the Banks industry in Thailand. Total return to shareholders over the past three years is a loss of 34%.
Is New 90 Day High Low • Nov 10New 90-day high: ฿115The company is up 11% from its price of ฿104 on 11 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿78.03 per share.
Major Estimate Revision • Oct 27Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate was lowered from ฿13.25 to ฿11.67. Revenue estimate was approximately flat at ฿117.9b. Net income is expected to grow by 18% next year compared to 0.1% growth forecast for the Banks industry in Thailand. The consensus price target was lowered from ฿127 to ฿120. Share price is up 2.5% to ฿94.00 over the past week.
Reported Earnings • Oct 21Third quarter earnings releasedOver the last 12 months the company has reported total profits of ฿22.8b, down 37% from the prior year. Total revenue was ฿91.5b over the last 12 months, down 8.8% from the prior year.
Analyst Estimate Surprise Post Earnings • Oct 21Third-quarter earnings released: Earnings miss expectationsEarnings per share (EPS) missed analyst estimates by 45% at ฿2.10. Revenue is forecast to grow 33% over the next year, compared to a 30% growth forecast for the Banks industry in Thailand.
Is New 90 Day High Low • Oct 19New 90-day low: ฿90.25The company is down 17% from its price of ฿109 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿88.63 per share.
Is New 90 Day High Low • Sep 22New 90-day low: ฿97.50The company is down 9.0% from its price of ฿108 on 24 June 2020. The Thai market is down 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿85.25 per share.