New Risk • May 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ৳11.5b (US$93.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.4% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (৳11.5b market cap, or US$93.8m). Announcement • May 05
Dhaka Bank PLC. to Report Q1, 2026 Results on May 12, 2026 Dhaka Bank PLC. announced that they will report Q1, 2026 results on May 12, 2026 Announcement • Apr 30
Dhaka Bank plc announces Annual dividend, payable on July 26, 2026 Dhaka Bank plc announced Annual dividend of BDT 1.0000 per share payable on July 26, 2026, ex-date on May 19, 2026 and record date on May 18, 2026. Announcement • Apr 29
Dhaka Bank PLC., Annual General Meeting, Jun 25, 2026 Dhaka Bank PLC., Annual General Meeting, Jun 25, 2026, at 12:30 Central Asia Standard Time. Announcement • Apr 20
Dhaka Bank PLC. to Report Fiscal Year 2025 Results on Apr 28, 2026 Dhaka Bank PLC. announced that they will report fiscal year 2025 results on Apr 28, 2026 Announcement • Jan 14
Dhaka Bank Announces Appointment Of Osman Ershad Faiz As Managing Director, Effective January 11, 2026 Dhaka Bank has informed that the Board of Directors of the company in its meeting held on November 11, 2025 approved the appointment of Mr. Osman Ershad Faiz as the Managing Director of the company. Bangladesh Bank also approved the appointment of Mr. Osman on December 18, 2025. Accordingly, Mr. Osman Ershad Faiz has assumed the office of the Managing Director of the company with effect from January 11, 2026. Announcement • Oct 21
Dhaka Bank PLC. to Report Q3, 2025 Results on Oct 23, 2025 Dhaka Bank PLC. announced that they will report Q3, 2025 results on Oct 23, 2025 Announcement • Jul 22
Dhaka Bank PLC. to Report Q2, 2025 Results on Jul 29, 2025 Dhaka Bank PLC. announced that they will report Q2, 2025 results on Jul 29, 2025 Announcement • May 20
Dhaka Bank PLC. to Report Q1, 2025 Results on May 28, 2025 Dhaka Bank PLC. announced that they will report Q1, 2025 results on May 28, 2025 Announcement • Apr 23
Dhaka Bank PLC. to Report Fiscal Year 2024 Results on Apr 30, 2025 Dhaka Bank PLC. announced that they will report fiscal year 2024 results on Apr 30, 2025 Buy Or Sell Opportunity • Nov 11
Now 20% overvalued Over the last 90 days, the stock has fallen 17% to ৳11.50. The fair value is estimated to be ৳9.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has declined by 13%. New Risk • Nov 06
New major risk - Revenue and earnings growth Earnings have declined by 0.5% 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 0.5% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (৳11.7b market cap, or US$97.5m). Buy Or Sell Opportunity • Oct 24
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to ৳12.40. The fair value is estimated to be ৳10.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has declined by 12%. Announcement • Oct 23
Dhaka Bank PLC. to Report Q3, 2024 Results on Oct 29, 2024 Dhaka Bank PLC. announced that they will report Q3, 2024 results on Oct 29, 2024 Buy Or Sell Opportunity • Sep 23
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to ৳12.30. The fair value is estimated to be ৳10.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has declined by 12%. New Risk • Sep 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ৳12.0b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (৳12.0b market cap, or US$99.9m). Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ৳13.80, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 6x in the Banks industry in Bangladesh. Total returns to shareholders of 24% over the past three years. Buy Or Sell Opportunity • Aug 08
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to ৳12.80. The fair value is estimated to be ৳10.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has declined by 12%. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: ৳0.75 (vs ৳0.71 in 2Q 2023) Second quarter 2024 results: EPS: ৳0.75 (up from ৳0.71 in 2Q 2023). Revenue: ৳3.37b (up 13% from 2Q 2023). Net income: ৳750.8m (up 4.9% from 2Q 2023). Profit margin: 22% (down from 24% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 9% per year. Announcement • Jul 29
Dhaka Bank PLC. to Report Q2, 2024 Results on Jul 31, 2024 Dhaka Bank PLC. announced that they will report Q2, 2024 results on Jul 31, 2024 Reported Earnings • May 17
First quarter 2024 earnings released: EPS: ৳0.76 (vs ৳0.60 in 1Q 2023) First quarter 2024 results: EPS: ৳0.76 (up from ৳0.60 in 1Q 2023). Revenue: ৳3.29b (up 37% from 1Q 2023). Net income: ৳765.1m (up 27% from 1Q 2023). Profit margin: 23% (down from 25% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 6% per year. Upcoming Dividend • May 15
Upcoming dividend of ৳1.00 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 25 July 2024. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 9.0%. Within top quartile of Bangladeshi dividend payers (4.1%). Higher than average of industry peers (5.2%). New Risk • May 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ৳11.1b (US$94.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (৳11.1b market cap, or US$94.5m). Announcement • May 10
Dhaka Bank PLC. to Report Q1, 2024 Results on May 14, 2024 Dhaka Bank PLC. announced that they will report Q1, 2024 results on May 14, 2024 Declared Dividend • May 01
Dividend of ৳1.00 announced Shareholders will receive a dividend of ৳1.00. Ex-date: 20th May 2024 Payment date: 25th July 2024 Dividend yield will be 8.8%, which is higher than the industry average of 4.5%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 1.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 21
Dhaka Bank PLC. to Report Q4, 2023 Results on Apr 28, 2024 Dhaka Bank PLC. announced that they will report Q4, 2023 results on Apr 28, 2024 Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: ৳0.57 (vs ৳0.66 in 3Q 2022) Third quarter 2023 results: EPS: ৳0.57 (down from ৳0.66 in 3Q 2022). Revenue: ৳2.95b (up 4.3% from 3Q 2022). Net income: ৳575.6m (down 13% from 3Q 2022). Profit margin: 20% (down from 23% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Oct 20
Dhaka Bank Limited to Report Q3, 2023 Results on Oct 25, 2023 Dhaka Bank Limited announced that they will report Q3, 2023 results on Oct 25, 2023 Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: ৳0.71 (vs ৳0.54 in 2Q 2022) Second quarter 2023 results: EPS: ৳0.71 (up from ৳0.54 in 2Q 2022). Revenue: ৳2.98b (up 3.8% from 2Q 2022). Net income: ৳715.5m (up 32% from 2Q 2022). Profit margin: 24% (up from 19% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jul 25
Dhaka Bank Limited to Report Q2, 2023 Results on Jul 31, 2023 Dhaka Bank Limited announced that they will report Q2, 2023 results on Jul 31, 2023 Upcoming Dividend • May 18
Upcoming dividend of ৳0.60 per share at 4.5% yield Eligible shareholders must have bought the stock before 23 May 2023. Payment date: 18 July 2023. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 4.5%. Within top quartile of Bangladeshi dividend payers (3.5%). In line with average of industry peers (4.6%). Announcement • May 09
Dhaka Bank Limited to Report Q1, 2023 Results on May 11, 2023 Dhaka Bank Limited announced that they will report Q1, 2023 results on May 11, 2023 Reported Earnings • Nov 02
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: ৳2.83b (up 31% from 3Q 2021). Net income: ৳662.2m (up 26% from 3Q 2021). Profit margin: 23% (in line with 3Q 2021). Reported Earnings • Aug 01
Second quarter 2022 earnings released: EPS: ৳0.57 (vs ৳0.47 in 2Q 2021) Second quarter 2022 results: EPS: ৳0.57 (up from ৳0.47 in 2Q 2021). Revenue: ৳2.87b (up 24% from 2Q 2021). Net income: ৳542.0m (up 21% from 2Q 2021). Profit margin: 19% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jun 09
Dhaka Bank Limited, Annual General Meeting, Jun 23, 2022 Dhaka Bank Limited, Annual General Meeting, Jun 23, 2022, at 15:00 Bangladesh Standard Time. Agenda: To receive, consider and adopt the profit and loss account of the company for the year ended 31 December, 2021 and balance sheet as of that date together with the reports of the directors and the auditors thereon; to declare dividend for the shareholders out of the profits of the year ended 31 December, 2021 as recommended by the board of directors; to re-elect directors who will be retiring from their office and to appoint independent directors; to re-appoint the auditors of the company for the term until the next annual general meeting and to fix their remuneration; to re-appoint the compliance auditors for the year 2022 as per corporate governance code and to fix their remuneration; and to discuss other matters. Upcoming Dividend • May 18
Upcoming dividend of ৳1.20 per share Eligible shareholders must have bought the stock before 25 May 2022. Payment date: 24 July 2022. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 8.5%. Within top quartile of Bangladeshi dividend payers (3.6%). Higher than average of industry peers (5.5%). Reported Earnings • May 02
Full year 2021 earnings released: EPS: ৳2.25 (vs ৳2.09 in FY 2020) Full year 2021 results: EPS: ৳2.25 (up from ৳2.09 in FY 2020). Revenue: ৳9.73b (up 18% from FY 2020). Net income: ৳2.14b (up 7.5% from FY 2020). Profit margin: 22% (down from 24% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
Dhaka Bank Limited Recommends Cash Dividend for the Year Ended December 31, 2021 Dhaka Bank Limited announced that the board of directors recommended 12% cash dividend for the year ended December 31, 2021. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 16% share price gain to ৳16.20, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 8x in the Banks industry in Bangladesh. Total returns to shareholders of 52% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS ৳0.55 (vs ৳0.49 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ৳2.17b (up 21% from 3Q 2020). Net income: ৳524.0m (up 13% from 3Q 2020). Profit margin: 24% (down from 26% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS ৳0.47 (vs ৳0.18 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ৳2.33b (up 45% from 2Q 2020). Net income: ৳447.7m (up 161% from 2Q 2020). Profit margin: 19% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. 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. Reported Earnings • Jun 20
First quarter 2021 earnings released: EPS ৳0.67 (vs ৳0.61 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: ৳2.18b (up 1.4% from 1Q 2020). Net income: ৳598.7m (up 2.7% from 1Q 2020). Profit margin: 27% (in line with 1Q 2020). 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 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 25
Upcoming dividend of ৳0.60 per share Eligible shareholders must have bought the stock before 01 June 2021. Payment date: 29 July 2021. Trailing yield: 4.0%. Within top quartile of Bangladeshi dividend payers (3.2%). Lower than average of industry peers (4.5%). Reported Earnings • May 25
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ৳8.23b (up 3.9% from FY 2019). Net income: ৳1.99b (up 23% from FY 2019). Profit margin: 24% (up from 21% in FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 16% share price gain to ৳15.40, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 7x in the Banks industry in Bangladesh. Total returns to shareholders of 27% over the past three years. Is New 90 Day High Low • Feb 25
New 90-day low: ৳11.50 The company is down 3.0% from its price of ৳11.90 on 26 November 2020. The Bangladeshi market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 2.0% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: ৳12.90 The company is up 8.0% from its price of ৳12.00 on 07 October 2020. The Bangladeshi market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is up 7.0% over the same period. Announcement • Dec 23
Dhaka Bank Limited Announces Address Change of Registered Office Dhaka Bank Limited has informed that the Registered Office of the Company has been shifted to its new address at Plot No.: CWS(C)- 10, Bir Uttam A. K. Khandakar Road, Gulshan, Dhaka-1212 with effect from December 20,2020. Share Office has also been shifted to its new address at Level-4, Dhaka Bank Limited, Head Office, Plot No.: CWS(C)- 10, Bir Uttam A. K. Khandaker Road, Gulshan, Dhaka-1212. Announcement • Jul 26
Dhaka Bank Limited to Report Q2, 2020 Results on Jul 28, 2020 Dhaka Bank Limited announced that they will report Q2, 2020 results on Jul 28, 2020 Announcement • Jun 21
Dhaka Bank Limited to Report Q1, 2020 Results on Jun 23, 2020 Dhaka Bank Limited announced that they will report Q1, 2020 results on Jun 23, 2020 
