Reported Earnings • 7h
Second quarter 2026 earnings released: ৳4.20 loss per share (vs ৳3.27 loss in 2Q 2025) Second quarter 2026 results: ৳4.20 loss per share (further deteriorated from ৳3.27 loss in 2Q 2025). Net loss: ৳8.07b (loss widened 28% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • Jul 27
IFIC Bank PLC to Report Q2, 2026 Results on Jul 29, 2026 IFIC Bank PLC announced that they will report Q2, 2026 results on Jul 29, 2026 Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Md Kasem was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 04
IFIC Bank PLC, Annual General Meeting, Jun 29, 2026 IFIC Bank PLC, Annual General Meeting, Jun 29, 2026, at 11:00 Central Asia Standard Time. Location: hybrid platform, golf garden, army golf club, bishwa road, dhaka-1206, Bangladesh Announcement • Apr 27
IFIC Bank PLC to Report Q1, 2026 Results on Apr 29, 2026 IFIC Bank PLC announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Apr 22
IFIC Bank PLC to Report Fiscal Year 2025 Results on Apr 29, 2026 IFIC Bank PLC announced that they will report fiscal year 2025 results on Apr 29, 2026 Announcement • Nov 29
IFIC Bank Plc Appoints Sheikh Akhter Uddin Ahmed as Deputy Managing Director , Effective November 25, 2025 IFIC Bank Plc has said that Sheikh Akhter Uddin Ahmed has been appointed as a deputy managing director (DMD), effective November 25, 2025, according to an online report from The Daily Star. As per a press release, Ahmed began his professional banking career at National Bank Plc as a probationary officer in 1998 and gained expertise in general banking, credit management, foreign exchange, and remittance operations. Ahmed, who held diverse leadership roles at both branch and head office levels over the years, has had a 27-year career in both domestic and international banking. He spent more than a decade overseas as chief executive officer, managing nationwide operations, expanding branch networks, and building strategic global partnerships, the report noted. On his return to Bangladesh, Ahmed held several senior leadership positions, including as deputy managing director and managing director at National Bank Plc, it added. Announcement • Oct 27
IFIC Bank PLC to Report Q3, 2025 Results on Oct 29, 2025 IFIC Bank PLC announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Jul 24
IFIC Bank PLC to Report Q2, 2025 Results on Jul 30, 2025 IFIC Bank PLC announced that they will report Q2, 2025 results on Jul 30, 2025 Announcement • Jun 02
IFIC Bank PLC, Annual General Meeting, Sep 11, 2025 IFIC Bank PLC, Annual General Meeting, Sep 11, 2025, at 11:00 Central Asia Standard Time. Location: hybrid platform, Bangladesh Announcement • May 24
IFIC Bank PLC to Report Q1, 2025 Results on May 29, 2025 IFIC Bank PLC announced that they will report Q1, 2025 results on May 29, 2025 Announcement • Apr 23
IFIC Bank PLC to Report Fiscal Year 2024 Results on Apr 30, 2025 IFIC Bank PLC announced that they will report fiscal year 2024 results on Apr 30, 2025 Buy Or Sell Opportunity • Nov 05
Now 23% overvalued Over the last 90 days, the stock has fallen 7.1% to ৳7.90. The fair value is estimated to be ৳6.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 8.2%. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: ৳0.04 (vs ৳0.11 in 3Q 2023) Third quarter 2024 results: EPS: ৳0.04 (down from ৳0.11 in 3Q 2023). Revenue: ৳2.58b (down 14% from 3Q 2023). Net income: ৳67.5m (down 68% from 3Q 2023). Profit margin: 2.6% (down from 7.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Oct 25
IFIC Bank PLC to Report Q3, 2024 Results on Oct 30, 2024 IFIC Bank PLC announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ৳11.10, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 6x in the Banks industry in Bangladesh. Total loss to shareholders of 24% over the past three years. New Risk • Aug 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bangladeshi stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin). Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: ৳0.12 (vs ৳0.24 in 2Q 2023) Second quarter 2024 results: EPS: ৳0.12 (down from ৳0.24 in 2Q 2023). Revenue: ৳3.97b (up 15% from 2Q 2023). Net income: ৳221.8m (down 51% from 2Q 2023). Profit margin: 5.6% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jul 25
IFIC Bank PLC to Report Q2, 2024 Results on Jul 29, 2024 IFIC Bank PLC announced that they will report Q2, 2024 results on Jul 29, 2024 New Risk • May 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bangladeshi stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (18% net profit margin). Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ৳9.90, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 5x in the Banks industry in Bangladesh. Total loss to shareholders of 12% over the past three years. New Risk • May 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (18% net profit margin). Shareholders have been diluted in the past year (5.1% increase in shares outstanding). New Risk • May 10
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 18% Last year net profit margin: 26% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (18% net profit margin). Reported Earnings • May 07
Full year 2023 earnings released: EPS: ৳1.64 (vs ৳1.88 in FY 2022) Full year 2023 results: EPS: ৳1.64 (down from ৳1.88 in FY 2022). Revenue: ৳14.5b (up 8.2% from FY 2022). Net income: ৳3.01b (down 13% from FY 2022). Profit margin: 21% (down from 26% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • May 05
IFIC Bank PLC to Report Q1, 2024 Results on May 07, 2024 IFIC Bank PLC announced that they will report Q1, 2024 results on May 07, 2024 Announcement • Apr 24
IFIC Bank PLC to Report Fiscal Year 2023 Results on Apr 29, 2024 IFIC Bank PLC announced that they will report fiscal year 2023 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ৳11.90, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 7x in the Banks industry in Bangladesh. Negligible returns to shareholders over past three years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: ৳0.12 (vs ৳0.42 in 3Q 2022) Third quarter 2023 results: EPS: ৳0.12 (down from ৳0.42 in 3Q 2022). Revenue: ৳3.01b (down 9.2% from 3Q 2022). Net income: ৳211.9m (down 72% from 3Q 2022). Profit margin: 7.0% (down from 23% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Oct 24
IFIC Bank PLC to Report Q3, 2023 Results on Oct 29, 2023 IFIC Bank PLC announced that they will report Q3, 2023 results on Oct 29, 2023 Reported Earnings • Jul 31
Second quarter 2023 earnings released: EPS: ৳0.25 (vs ৳0.33 in 2Q 2022) Second quarter 2023 results: EPS: ৳0.25 (down from ৳0.33 in 2Q 2022). Revenue: ৳3.46b (up 7.1% from 2Q 2022). Net income: ৳454.1m (down 25% from 2Q 2022). Profit margin: 13% (down from 19% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jul 25
IFIC Bank PLC to Report Q2, 2023 Results on Jul 30, 2023 IFIC Bank PLC announced that they will report Q2, 2023 results on Jul 30, 2023 New Risk • Jul 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 33% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (152% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (33% increase in shares outstanding). Reported Earnings • Jun 14
First quarter 2023 earnings released: EPS: ৳0.34 (vs ৳0.18 in 1Q 2022) First quarter 2023 results: EPS: ৳0.34 (up from ৳0.18 in 1Q 2022). Revenue: ৳3.22b (up 30% from 1Q 2022). Net income: ৳622.2m (up 91% from 1Q 2022). Profit margin: 19% (up from 13% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year. Upcoming Dividend • May 21
Upcoming dividend of ৳0.25 per share at 2.2% yield Eligible shareholders must have bought the stock before 28 May 2023. Payment date: 23 July 2023. Trailing yield: 2.2%. Lower than top quartile of Bangladeshi dividend payers (3.4%). Lower than average of industry peers (4.4%). Reported Earnings • May 09
Full year 2022 earnings released Full year 2022 results: Revenue: ৳13.4b (up 15% from FY 2021). Net income: ৳3.44b (up 36% from FY 2021). Profit margin: 26% (up from 22% in FY 2021). The increase in margin was driven by higher revenue. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Sudhangshu Biswas was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: ৳3.32b (up 18% from 3Q 2021). Net income: ৳759.1m (up 28% from 3Q 2021). Profit margin: 23% (up from 21% in 3Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Aug 02
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: ৳3.23b (up 10.0% from 2Q 2021). Net income: ৳602.7m (down 24% from 2Q 2021). Profit margin: 19% (down from 27% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • May 19
First quarter 2022 earnings released First quarter 2022 results: Revenue: ৳2.48b (down 5.9% from 1Q 2021). Net income: ৳325.4m (down 57% from 1Q 2021). Profit margin: 13% (down from 28% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Sudhangshu Biswas was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 05
Full year 2021 earnings released: EPS: ৳1.49 (vs ৳0.67 in FY 2020) Full year 2021 results: EPS: ৳1.49 (up from ৳0.67 in FY 2020). Revenue: ৳11.7b (up 59% from FY 2020). Net income: ৳2.54b (up 124% from FY 2020). Profit margin: 22% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Non-performing loans: 6.07% (up from 3.95% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Feb 15
Sarika Chaudhary agreed to acquire 40.91% stake in Nepal Bangladesh Bank Limited from International Finance Investment and Commerce Bank Limited (DSE:IFIC) for NPR 6.18 billion. Sarika Chaudhary agreed to acquire 40.91% stake in Nepal Bangladesh Bank Limited from International Finance Investment and Commerce Bank Limited (DSE:IFIC) for NPR 6.18 billion on February 14, 2022. The deal is subject to approvals of Nepal Rastra Bank and other regulatory authorities. Reported Earnings • Oct 30
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ৳2.80b (up 43% from 3Q 2020). Net income: ৳593.7m (up 66% from 3Q 2020). Profit margin: 21% (up from 18% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improved over the past week After last week's 16% share price gain to ৳18.10, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 8x in the Banks industry in Bangladesh. Total returns to shareholders of 113% over the past three years. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 16% share price gain to ৳16.80, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 7x in the Banks industry in Bangladesh. Total returns to shareholders of 74% over the past three years. Reported Earnings • Jul 30
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ৳2.96b (up 113% from 2Q 2020). Net income: ৳795.3m (up 405% from 2Q 2020). Profit margin: 27% (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 fallen by 8% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 15% share price gain to ৳11.30, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 7x in the Banks industry in Bangladesh. Total returns to shareholders of 9.6% over the past three years. Reported Earnings • May 02
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ৳2.64b (up 38% from 1Q 2020). Net income: ৳750.0m (up 73% from 1Q 2020). Profit margin: 28% (up from 23% in 1Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ৳10.00, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 7x in the Banks industry in Bangladesh. Total loss to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 20% share price gain to ৳15.20, the stock is trading at a trailing P/E ratio of 12.8x, up from the previous P/E ratio of 10.7x. This compares to an average P/E of 7x in the Banks industry in Bangladesh. Total returns to shareholders over the past three years are 14%. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 19% share price gain to ৳15.00, the stock is trading at a trailing P/E ratio of 12.7x, up from the previous P/E ratio of 10.6x. This compares to an average P/E of 7x in the Banks industry in Bangladesh. Total returns to shareholders over the past three years are 15%. Is New 90 Day High Low • Dec 24
New 90-day high: ৳13.70 The company is up 20% from its price of ৳11.40 on 24 September 2020. The Bangladeshi market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 1.0% over the same period. Announcement • Jun 21
International Finance Investment and Commerce Bank Limited to Report Fiscal Year 2019 Results on Jun 24, 2020 International Finance Investment and Commerce Bank Limited announced that they will report fiscal year 2019 results on Jun 24, 2020 Announcement • Jun 19
International Finance Investment and Commerce Bank Limited to Report Q1, 2020 Results on Jun 24, 2020 International Finance Investment and Commerce Bank Limited announced that they will report Q1, 2020 results on Jun 24, 2020