Upcoming Dividend • 3h
Upcoming dividend of ৳1.70 per share Eligible shareholders must have bought the stock before 24 May 2026. Payment date: 26 July 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 8.2%. Within top quartile of Bangladeshi dividend payers (4.0%). Higher than average of industry peers (4.9%). Declared Dividend • 3h
Dividend increased to ৳1.70 Dividend of ৳1.70 is 36% higher than last year. Ex-date: 24th May 2026 Payment date: 26th July 2026 Dividend yield will be 11%, which is higher than the industry average of 4.5%. Sustainability & Growth The dividend has increased by an average of 2.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 23% to bring the payout ratio under control, which is more than the 16% EPS growth achieved over the last 5 years. Announcement • May 06
National Credit and Commerce Bank PLC. to Report Q1, 2026 Results on May 13, 2026 National Credit and Commerce Bank PLC. announced that they will report Q1, 2026 results on May 13, 2026 Announcement • Apr 29
National Credit and Commerce Bank plc announces Annual dividend, payable on July 26, 2026 National Credit and Commerce Bank plc announced Annual dividend of BDT 1.7000 per share payable on July 26, 2026, ex-date on May 24, 2026 and record date on May 21, 2026. Announcement • Apr 28
National Credit and Commerce Bank PLC., Annual General Meeting, Jun 24, 2026 National Credit and Commerce Bank PLC., Annual General Meeting, Jun 24, 2026, at 12:00 Central Asia Standard Time. Announcement • Apr 20
National Credit and Commerce Bank PLC. to Report Fiscal Year 2025 Results on Apr 27, 2026 National Credit and Commerce Bank PLC. announced that they will report fiscal year 2025 results on Apr 27, 2026 Announcement • Jan 05
Ncc Bank Appoints Nazrul Islam Chowdhury as Acting Company Secretary, Effective from January 1, 2026 NCC Bank has informed that Mr. Md. Nazrul Islam Chowdhury, FCS has been appointed as the Company Secretary (Acting) of the company with effect from January 1, 2026. Announcement • Oct 22
National Credit and Commerce Bank PLC. to Report Q3, 2025 Results on Oct 29, 2025 National Credit and Commerce Bank PLC. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Aug 02
National Credit and Commerce Bank PLC. to Report Q2, 2025 Results on Aug 07, 2025 National Credit and Commerce Bank PLC. announced that they will report Q2, 2025 results on Aug 07, 2025 Announcement • Apr 21
National Credit and Commerce Bank PLC. to Report Fiscal Year 2024 Results on Apr 29, 2025 National Credit and Commerce Bank PLC. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: ৳1.81 (vs ৳0.87 in 3Q 2023) Third quarter 2024 results: EPS: ৳1.81 (up from ৳0.87 in 3Q 2023). Revenue: ৳4.34b (up 44% from 3Q 2023). Net income: ৳2.02b (up 108% from 3Q 2023). Profit margin: 46% (up from 32% in 3Q 2023). The increase in margin was driven by higher revenue. 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 7% per year. Announcement • Oct 23
National Credit and Commerce Bank PLC. to Report Q3, 2024 Results on Oct 28, 2024 National Credit and Commerce Bank PLC. announced that they will report Q3, 2024 results on Oct 28, 2024 New Risk • Oct 02
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 Dividend is not well covered by earnings (91% payout ratio). Profit margins are more than 30% lower than last year (14% net profit margin). Market cap is less than US$100m (৳12.0b market cap, or US$99.9m). Buy Or Sell Opportunity • Aug 18
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at ৳11.90. The fair value is estimated to be ৳15.03, 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 12%. Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: ৳0.52 (vs ৳0.76 in 2Q 2023) Second quarter 2024 results: EPS: ৳0.52 (down from ৳0.76 in 2Q 2023). Revenue: ৳3.03b (down 1.4% from 2Q 2023). Net income: ৳573.1m (down 32% from 2Q 2023). Profit margin: 19% (down from 27% in 2Q 2023). 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 whereas the company’s share price has fallen by 10% per year. Buy Or Sell Opportunity • Jul 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to ৳10.30. The fair value is estimated to be ৳13.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years, while earnings per share has been flat. Announcement • Jul 19
National Credit and Commerce Bank PLC. to Report Q2, 2024 Results on Jul 23, 2024 National Credit and Commerce Bank PLC. announced that they will report Q2, 2024 results on Jul 23, 2024 Buy Or Sell Opportunity • Jun 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to ৳10.20. The fair value is estimated to be ৳13.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years, while earnings per share has been flat. New Risk • Jun 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ৳11.7b (US$99.4m) 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. Profit margins are more than 30% lower than last year (16% net profit margin). Market cap is less than US$100m (৳11.7b market cap, or US$99.4m). New Risk • Jun 07
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: 16% Last year net profit margin: 24% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (16% net profit margin). Upcoming Dividend • May 27
Upcoming dividend of ৳1.20 per share Eligible shareholders must have bought the stock before 03 June 2024. Payment date: 01 September 2024. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Bangladeshi dividend payers (4.5%). Lower than average of industry peers (5.4%). New Risk • May 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • May 10
National Credit and Commerce Bank PLC. to Report Q1, 2024 Results on May 14, 2024 National Credit and Commerce Bank PLC. announced that they will report Q1, 2024 results on May 14, 2024 Declared Dividend • May 05
Dividend of ৳1.20 announced Shareholders will receive a dividend of ৳1.20. Ex-date: 3rd June 2024 Payment date: 1st September 2024 Dividend yield will be 10%, which is higher than the industry average of 4.5%. Sustainability & Growth The dividend has increased by an average of 1.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 04
Full year 2023 earnings released: EPS: ৳2.07 (vs ৳2.38 in FY 2022) Full year 2023 results: EPS: ৳2.07 (down from ৳2.38 in FY 2022). Revenue: ৳14.4b (up 30% from FY 2022). Net income: ৳2.30b (down 13% from FY 2022). Profit margin: 16% (down from 24% 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 4% per year whereas the company’s share price has fallen by 1% per year. Announcement • May 03
National Credit and Commerce Bank PLC. Recommends Cash Dividend for the Year Ended December 31, 2023 The Board of Directors of National Credit and Commerce Bank PLC. has recommended 12% cash dividend for the year ended December 31, 2023. Date of AGM is August 1, 2024. Announcement • Apr 23
National Credit and Commerce Bank PLC. to Report Fiscal Year 2023 Results on Apr 30, 2024 National Credit and Commerce Bank PLC. announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Nov 07
Third quarter 2023 earnings released: EPS: ৳0.87 (vs ৳0.87 in 3Q 2022) Third quarter 2023 results: EPS: ৳0.87 (in line with 3Q 2022). Revenue: ৳3.02b (up 8.2% from 3Q 2022). Net income: ৳969.5m (flat on 3Q 2022). Profit margin: 32% (down from 35% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year. Announcement • Oct 26
National Credit and Commerce Bank Limited to Report Q3, 2023 Results on Oct 30, 2023 National Credit and Commerce Bank Limited announced that they will report Q3, 2023 results on Oct 30, 2023 Reported Earnings • Aug 01
Second quarter 2023 earnings released: EPS: ৳0.79 (vs ৳0.68 in 2Q 2022) Second quarter 2023 results: EPS: ৳0.79 (up from ৳0.68 in 2Q 2022). Revenue: ৳3.07b (flat on 2Q 2022). Net income: ৳838.8m (up 12% from 2Q 2022). Profit margin: 27% (up from 24% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jul 25
National Credit and Commerce Bank Limited to Report Q2, 2023 Results on Jul 30, 2023 National Credit and Commerce Bank Limited announced that they will report Q2, 2023 results on Jul 30, 2023 Upcoming Dividend • Jun 04
Upcoming dividend of ৳0.50 per share at 3.6% yield Eligible shareholders must have bought the stock before 11 June 2023. Payment date: 10 September 2023. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.6%. Within top quartile of Bangladeshi dividend payers (3.4%). Lower than average of industry peers (4.5%). Reported Earnings • May 04
Full year 2022 earnings released: EPS: ৳2.50 (vs ৳2.37 in FY 2021) Full year 2022 results: EPS: ৳2.50 (up from ৳2.37 in FY 2021). Revenue: ৳11.2b (up 16% from FY 2021). Net income: ৳2.64b (up 5.5% from FY 2021). Profit margin: 24% (down from 26% in FY 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Nov 01
Third quarter 2022 earnings released: EPS: ৳0.81 (vs ৳0.68 in 3Q 2021) Third quarter 2022 results: EPS: ৳0.81 (up from ৳0.68 in 3Q 2021). Revenue: ৳2.80b (up 11% from 3Q 2021). Net income: ৳853.8m (up 18% from 3Q 2021). Profit margin: 31% (up from 29% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year. Reported Earnings • Aug 02
Second quarter 2022 earnings released: EPS: ৳0.74 (vs ৳0.79 in 2Q 2021) Second quarter 2022 results: EPS: ৳0.74 (down from ৳0.79 in 2Q 2021). Revenue: ৳2.94b (up 11% from 2Q 2021). Net income: ৳750.2m (down 9.6% from 2Q 2021). Profit margin: 26% (down from 31% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • May 31
Upcoming dividend of ৳1.20 per share Eligible shareholders must have bought the stock before 07 June 2022. Payment date: 08 September 2022. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 7.7%. Within top quartile of Bangladeshi dividend payers (3.5%). Higher than average of industry peers (5.5%). Announcement • Apr 25
National Credit and Commerce Bank Limited Recommends Dividend for the Year Ended December 31, 2021 National Credit and Commerce Bank Limited recommended 12% cash for the year ended December 31, 2021. Record Date is August 11, 2022. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 15% share price gain to ৳17.50, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 8x in the Banks industry in Bangladesh. Total returns to shareholders of 62% over the past three years. Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS ৳0.88 (vs ৳0.33 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ৳2.66b (up 44% from 2Q 2020). Net income: ৳830.1m (up 151% from 2Q 2020). Profit margin: 31% (up from 18% 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 4% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ৳14.10, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 8x in the Banks industry in Bangladesh. Total returns to shareholders of 35% over the past three years. Upcoming Dividend • May 30
Upcoming dividend of ৳0.75 per share Eligible shareholders must have bought the stock before 06 June 2021. Payment date: 05 September 2021. Trailing yield: 4.1%. Within top quartile of Bangladeshi dividend payers (3.1%). In line with average of industry peers (4.2%). Announcement • Apr 28
National Credit and Commerce Bank Limited Recommends Dividend for the Year Ended on December 31, 2020 National Credit and Commerce Bank Limited announced that its directors recommended a 7.5% cash dividend for the year ended on December 31, 2020, to the annual general meeting to be held on August 5, 2021. Is New 90 Day High Low • Jan 06
New 90-day high: ৳14.60 The company is up 11% from its price of ৳13.10 on 08 October 2020. The Bangladeshi market is up 12% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Banks industry, which is also up 11% over the same period. Is New 90 Day High Low • Dec 03
New 90-day high: ৳14.30 The company is up 6.0% from its price of ৳13.50 on 03 September 2020. The Bangladeshi market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 4.0% over the same period. Announcement • Nov 05
National Credit and Commerce Bank Limited Announces Management Changes National Credit and Commerce Bank Limited informed that the Board of Directors has elected Mr. S. M. Abu Mohsin as the Chairman and Mr. Md. Abul Bashar as the Vice chairman of the Company. Reported Earnings • Oct 31
Third quarter earnings released Over the last 12 months the company has reported total profits of ৳1.89b, down 14% from the prior year. Total revenue was ৳8.13b over the last 12 months, down 8.7% from the prior year. Announcement • Jul 26
National Credit and Commerce Bank Limited to Report Q2, 2020 Results on Jul 29, 2020 National Credit and Commerce Bank Limited announced that they will report Q2, 2020 results on Jul 29, 2020 Announcement • Jul 17
National Credit and Commerce Bank Limited to Report Fiscal Year 2019 Results on Jul 09, 2020 National Credit and Commerce Bank Limited announced that they will report fiscal year 2019 results on Jul 09, 2020