Turkiye Garanti Bankasi Past Earnings Performance

Past criteria checks 3/6

Turkiye Garanti Bankasi has been growing earnings at an average annual rate of 56.1%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 50.2% per year. Turkiye Garanti Bankasi's return on equity is 31.7%, and it has net margins of 45.7%.

Key information

56.1%

Earnings growth rate

56.1%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	50.2%
Return on equity	31.7%
Net Margin	45.7%
Next Earnings Update	29 Jan 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Turkiye Garanti Bankasi makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:TKGB.Y Revenue, expenses and earnings (TRY Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	208,893	95,429	37,701
30 Jun 24	197,408	96,946	33,061
31 Mar 24	179,872	93,299	28,228
31 Dec 23	160,159	86,375	22,512
30 Sep 23	146,660	76,933	18,679
30 Jun 23	131,765	70,785	15,564
31 Mar 23	119,090	65,436	13,054
31 Dec 22	106,963	58,285	10,874
30 Sep 22	86,177	42,610	9,996
30 Jun 22	64,828	28,890	8,446
31 Mar 22	50,431	19,017	7,405
31 Dec 21	40,586	13,467	6,535
30 Sep 21	29,386	10,899	6,917
30 Jun 21	27,002	9,022	6,603
31 Mar 21	25,208	7,659	6,424
31 Dec 20	23,459	6,656	6,136
30 Sep 20	23,666	6,410	4,683
30 Jun 20	20,369	5,832	4,633
31 Mar 20	19,114	6,091	4,500
31 Dec 19	18,148	6,165	4,549
30 Sep 19	18,948	5,983	4,141
30 Jun 19	19,644	6,369	4,487
31 Mar 19	19,422	6,372	4,457
31 Dec 18	19,094	6,642	4,405
30 Sep 18	17,467	6,907	1,030
30 Jun 18	17,399	7,160	2,410
31 Mar 18	16,534	6,803	729
31 Dec 17	15,961	6,332	672
30 Sep 17	16,306	6,220	4,308
30 Jun 17	14,687	5,596	1,539
31 Mar 17	14,496	5,595	3,084
31 Dec 16	13,518	5,105	3,866
30 Sep 16	12,853	4,856	3,759
30 Jun 16	12,102	4,162	4,645
31 Mar 16	11,471	3,751	3,674
31 Dec 15	11,236	3,581	3,423
30 Sep 15	10,835	3,443	3,268
30 Jun 15	10,900	3,795	2,383
31 Mar 15	10,504	3,635	4,595
31 Dec 14	10,154	3,647	2,982
30 Sep 14	9,433	3,162	2,818
30 Jun 14	8,908	2,904	3,518
31 Mar 14	8,815	3,014	1,975
31 Dec 13	9,162	3,314	2,631

Quality Earnings: TKGB.Y has high quality earnings.

Growing Profit Margin: TKGB.Y's current net profit margins (45.7%) are lower than last year (52.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TKGB.Y's earnings have grown significantly by 56.1% per year over the past 5 years.

Accelerating Growth: TKGB.Y's earnings growth over the past year (24%) is below its 5-year average (56.1% per year).

Earnings vs Industry: TKGB.Y earnings growth over the past year (24%) exceeded the Banks industry -11.8%.

Return on Equity

High ROE: Whilst TKGB.Y's Return on Equity (31.67%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/27 10:26
End of Day Share Price	2024/12/27 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Turkiye Garanti Bankasi A.S. is covered by 41 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	Ata Invest
Cristina Marzea	Barclays
Cagdas Dogan	BNP Paribas Securities (Asia)