1. Thailand Stocks

  2. •

    Financial Services

  3. •

    Banks - Regional
Kasikornbank Public Company Limited

Kasikornbank Public Company Limited

KBANK.BK
Kasikornbank Public Company LimitedTH flagStock Exchange of Thailand
229.00
THB
- -
- -
542.58BMarket Cap
Kasikornbank Public Company Limited
KBANK.BK
(Stock Exchange of Thailand)

Recent

price

229.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
43.62
39.91
46.18
53.05
60.9
64.73
67.37
68.95
68.64
70.87
67.18
71.31
75.96
86.45
88.41
87.58
88.74
Revenue per Share
8.38
10.12
14.73
17.27
19.28
16.49
16.79
14.35
16.07
16.18
12.42
16.06
15.1
17.9
20.94
20.93
21.34
Basic EPS, GAAP
2.34
4.12
25.09
57.53
23.95
-29.62
68.67
-40.2
61.28
40.11
31.81
99.74
-4
0.27
29.02
88.93
115.88
Free Cash Flow per Basic Share
2.71
2.5
2.5
3
3.5
4
4
4
4
4
4.49
3
3.25
4
7.5
12.5
2
Dividend per Share
44.98
51.27
62.52
76.84
91.96
104.38
117.33
127.52
140.4
151.66
161.27
175.77
188.1
201.05
213.55
220.85
227.94
Book Value per Share
53.85
61.91
74.73
89.33
106.47
120.33
137.86
151.77
164.52
179.77
196.96
215.98
227.95
240.65
259.65
271.17
272.43
Tangible Book Value per Share
2,393
2,393
2,393
2,393
2,393
2,393
2,393
2,393
2,393
2,393
2,373
2,369
2,369
2,369
2,369
2,368
2,364
Basic Weighted Avg Shares
104,392
95,522
110,521
126,963
145,758
154,910
161,239
165,020
164,264
169,602
159,441
168,946
179,985
204,824
209,465
207,427
209,739
Sales/Revenue/Turnover
29.16
- -
43.04
44.35
43.22
35.17
34.6
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
4,238
4,649
4,884
5,034
5,723
6,732
7,264
7,333
7,393
7,559
8,736
7,329
8,584
8,764
8,992
9,649
9,679
Depreciation Expense
20,047
24,226
35,260
41,325
46,153
39,474
40,174
34,338
38,459
38,727
29,487
38,053
35,769
42,405
49,604
49,565
50,441
Net Income, GAAP
29.88
34.78
22.74
20.35
20.15
19.32
18.74
18.55
19.04
19.18
18.52
18.72
18.53
19.3
19.62
19.92
19.5
Effective Tax Rate (%)
19.2
25.36
31.9
32.55
31.66
25.48
24.92
20.81
23.41
22.83
18.49
22.52
19.87
20.7
23.68
23.9
24.05
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
96,684
121,743
242,180
224,040
151,637
148,153
249,608
139,672
198,570
163,452
134,408
217,202
159,335
260,779
186,165
222,783
268,682
LT Debt
145,487
166,965
200,821
237,007
280,686
312,213
353,912
387,822
417,822
453,715
491,286
536,675
567,079
598,585
645,662
673,768
675,331
Total Equity
7.42
- -
9.61
10.84
11.79
9.85
8.52
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
19.94
21.03
25.89
24.78
22.85
16.8
15.14
11.72
12
11.08
7.91
9.52
8.3
9.2
10.1
9.63
9.54
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
253,017
222,783
268,682
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,369
2,369
2,369
Market Capitalization
396,862
460,834
451,451

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
1,148,473
1,539,465
1,258,232
Accounts Receivable, Net
- -
19,914
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
29,322
33,878
27,524
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.02%
6.54%
4.35%
Free Cash Flow
1,000.03%
2,159.79%
206.28%
Net Income, GAAP
3.46%
11.7%
-0.08%
Sales/Revenue/Turnover
3.08%
5.52%
-0.97%
Total Cash Common Dividend
- -
30.45%
66.67%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
49,842
53,402
48,723
60,619
209,465
2025
48,927
51,870
48,979
61,139
207,427
2026
47,750
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5.76
5.44
5.19
- -
20.94
2025
5.82
5.27
5.49
- -
20.93
2026
6.24
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
1.5
- -
7.5
2025
- -
- -
2
- -
12.5
2026
- -
- -
- -
- -
- -
Similar Companies
Voss Veksel- og Landmandsbank ASA (VVL.OL)
Midland States Bancorp, Inc. (MSBI)
Peoples Bancorp, Inc. (PEBC)
PT Bank Negara Indonesia (Persero) Tbk (PBNNF)
Regions Financial Corporation (RN70.F)
UNB Corp. (UNPA)
Business
Kasikornbank Public Company Limited, established in 1945 and headquartered in Bangkok, Thailand, is a leading financial services group primarily engaged in commercial banking. The bank offers a comprehensive suite of core products and services including retail banking products such as savings and checking accounts, debit and credit cards, personal loans, home loans, auto loans, and mutual funds; SME banking services with loans, international trade financing, business insurance, foreign currency deposits, payroll, and payment collection solutions; corporate banking services encompassing working capital loans, investment banking, cash management, and trade finance; and wealth management and private banking services. Kasikornbank also operates a digital banking platform known as K PLUS that supports payments, fund transfers, and financial management for over 14 million users. The bank's subsidiary, Kasikorn Securities, provides investment banking, securities underwriting, and brokerage services. In recent years, Kasikornbank has made significant strategic moves to enhance its business and technology platforms. It has increased its stake in Indonesia's Bank Maspion to 84.55% with an additional $226 million investment, signaling regional expansion. In 2024, the bank invested in XSpring Capital to enter the digital asset market, showcasing its pivot toward innovation and digital finance. Kasikornbank focuses on leveraging advanced technology and artificial intelligence to improve customer experience and operational productivity, targeting sustainable revenue growth and quality lending. The bank is executing a portfolio clean-up strategy anticipated to complete in 2025, focusing on quality loan growth and risk management. It also recently adjusted lending rates to support vulnerable customers and emphasizes sustainable finance, doubling its green finance target to between 400 billion and 500 billion baht by 2030. Kasikornbank operates mainly in Thailand with expanding interests in Southeast Asia markets, targeting retail, SME, corporate, and affluent clients through integrated digital and human-assisted banking services. This strategic evolution is aligned with Kasikornbank's commitment to innovation, risk management, and sustainable growth as a trusted financial partner in the region.