Krung Thai Bank Past Earnings Performance

Past criteria checks 2/6

Krung Thai Bank has been growing earnings at an average annual rate of 8.8%, while the Banks industry saw earnings growing at 3.7% annually. Revenues have been growing at an average rate of 4% per year. Krung Thai Bank's return on equity is 9.5%, and it has net margins of 31.9%.

Key information

8.8%

Earnings growth rate

8.7%

EPS growth rate

Banks Industry Growth	2.7%
Revenue growth rate	4.0%
Return on equity	9.5%
Net Margin	31.9%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Krung Thai Bank makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SET:KTB Revenue, expenses and earnings (THB Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	117,885	37,624	36,272
31 Dec 23	112,380	36,612	36,421
30 Sep 23	112,980	38,611	36,591
30 Jun 23	108,172	36,779	37,088
31 Mar 23	104,007	34,981	36,441
31 Dec 22	101,053	33,695	35,784
30 Sep 22	95,629	30,530	35,766
30 Jun 22	89,903	27,135	35,260
31 Mar 22	86,862	24,788	36,017
31 Dec 21	83,262	21,586	36,651
30 Sep 21	80,882	20,093	36,526
30 Jun 21	78,544	18,095	37,035
31 Mar 21	75,520	15,843	37,087
31 Dec 20	77,345	16,728	37,660
30 Sep 20	84,833	20,734	37,782
30 Jun 20	91,303	24,031	40,408
31 Mar 20	98,040	28,444	40,958
31 Dec 19	101,844	29,280	40,440
30 Sep 19	98,013	27,984	40,822
30 Jun 19	96,486	29,468	37,771
31 Mar 19	94,726	29,004	37,257
31 Dec 18	91,029	28,491	38,111
30 Sep 18	85,065	27,141	36,607
30 Jun 18	82,489	25,174	36,401
31 Mar 18	75,780	20,689	36,518
31 Dec 17	76,755	22,440	36,099
30 Sep 17	82,021	25,074	36,809
30 Jun 17	85,702	27,833	36,875
31 Mar 17	92,860	33,296	36,868
31 Dec 16	91,259	32,304	36,882
30 Sep 16	90,834	31,630	36,810
30 Jun 16	85,747	28,347	36,601
31 Mar 16	84,683	28,111	36,409
31 Dec 15	86,066	28,494	36,783
30 Sep 15	86,816	29,743	36,524
30 Jun 15	91,028	33,652	36,040
31 Mar 15	89,801	32,822	35,560
31 Dec 14	89,407	33,191	35,065
30 Sep 14	90,506	35,594	34,257
30 Jun 14	87,641	35,303	32,918
31 Mar 14	84,121	34,198	31,594
31 Dec 13	82,020	34,513	30,325
30 Sep 13	69,714	24,811	29,205
30 Jun 13	69,538	24,726	28,823

Quality Earnings: KTB has high quality earnings.

Growing Profit Margin: KTB's current net profit margins (31.9%) are lower than last year (33.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: KTB's earnings have grown by 8.8% per year over the past 5 years.

Accelerating Growth: KTB's earnings growth over the past year (7.6%) is below its 5-year average (8.8% per year).

Earnings vs Industry: KTB earnings growth over the past year (7.6%) did not outperform the Banks industry 10.7%.

Return on Equity

High ROE: KTB's Return on Equity (9.5%) is considered low.

Return on Assets

Return on Capital Employed

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Krung Thai Bank Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Krung Thai Bank Public Company Limited to Report Q3, 2023 Results on Nov 14, 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Recent updates

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of ฿0.87 per share

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Krung Thai Bank PCL Proposes Dividend for the Year 2023, Payable on May 3, 2024

Dividend increased to ฿0.87

High number of new directors

Price target decreased by 7.2% to ฿20.77

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

Krung Thai Bank PCL Announces Board Changes

High number of new directors

Krung Thai Bank Public Company Limited to Report Q3, 2023 Results on Nov 14, 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

High number of new directors

Now 21% undervalued

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of ฿0.68 per share at 4.0% yield

Less than half of directors are independent

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Now 20% undervalued

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Krung Thai Bank Public Company Limited Announces Resignation of Kulaya Tantitemit, Director, Member of the Risk Oversight Committee and Member of the Corporate Governance and Social Responsibility Committee, Effective from 1 January 2023

Now 20% undervalued

Now 21% undervalued

Krung Thai Bank Public Company Limited Announces Dividend

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Krung Thai Bank Public Company Limited Provides Update on Lawsuit

Krung Thai Bank PCL Ordinary Shares to Be Deleted from OTC Equity

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

AQ Estate Public Company Limited Announces Progress Report of the Civil Case against Krungthai Bank Plc

High number of new directors

High number of new directors

Upcoming dividend of ฿0.42 per share

AQ Estate Public Company Limited Announces Progress Report of the Civil Case against Krungthai Bank Plc

Full year 2021 earnings: EPS exceeds analyst expectations

Krung Thai Bank Public Company Limited, Annual General Meeting, Apr 08, 2022

Krung Thai Bank Public Company Limited Proposes Dividend on Ordinary Shares for the Year 2021, Payable on 6 May 2022

High number of new directors

High number of new directors

Third quarter 2021 earnings released: EPS ฿0.36 (vs ฿0.22 in 3Q 2020)

Executive Director Patricia Mongkhonvanit has left the company

Executive Director Patricia Mongkhonvanit has left the company

Executive Director Patricia Mongkhonvanit has left the company

AQ Estate Public Company Limited Reports on the progress concerning the dispute with Krung Thai Bank Public Company Limited

Second quarter 2021 earnings released: EPS ฿0.43 (vs ฿0.27 in 2Q 2020)

Second quarter 2021 earnings released: EPS ฿0.43 (vs ฿0.23 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.40 (vs ฿0.46 in 1Q 2020)

First quarter 2021 earnings released: EPS ฿0.40 (vs ฿0.46 in 1Q 2020)

Upcoming dividend of ฿0.28 per share

Krung Thai Bank Public Company Limited Announces Executive Changes

Krung Thai Bank Public Company Limited, Annual General Meeting, Apr 09, 2021

Full year 2020 earnings released: EPS ฿1.20 (vs ฿2.09 in FY 2019)

Revenue and earnings beat expectations

Krungthai Card Public Company Limited (SET:KTC) entered into an agreement to acquire 75.1% in Krung Thai Leasing Co., Ltd from Krung Thai Bank Public Company Limited (SET:KTB) for approximately THB 600 million.

Full year 2020 earnings released: EPS ฿1.20

Revenue and earnings beat expectations

Investor sentiment improved over the past week

New 90-day high: ฿12.20

Third quarter 2020 earnings released: EPS ฿0.22

Revenue beats expectations, earnings disappoint

Market bids up stock over the past week

New 90-day high: ฿10.30

Krung Thai Bank Public Company Limited Appoints Krisada Chinavicharana as the Chairman of the Board

Third quarter earnings released

Revenue & Expenses Breakdown
Beta