1. Thailand Stocks

  2. •

    Financial Services

  3. •

    Banks - Regional
TMBThanachart Bank Public Company Limited

TMBThanachart Bank Public Company Limited

TMBBY
TMBThanachart Bank Public Company LimitedUS flagOther OTC
9.05
USD
+2.75
- -
873.22BMarket Cap
TMBThanachart Bank Public Company Limited
TMBBY
(Other OTC)

Recent

price

9.05

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
84.89
117.23
137.18
164.41
170.83
189.67
199.3
229.74
203.82
220.4
183.66
174.01
178.02
199.08
198.13
- -
188.21
Revenue per Share
17.13
21.06
6.62
30.09
49.95
48.79
42.95
49.55
60.49
37.13
26.23
27.14
36.71
48.06
54.05
- -
53.63
Basic EPS, GAAP
54.51
82.85
-91.97
-9.34
-26.98
0.68
-201.13
95.69
-10.05
87.86
-16.2
175.81
120.4
-59.39
37.24
- -
280.77
Free Cash Flow per Basic Share
- -
3.43
6.86
7.55
9.15
13.72
13.72
14.96
13.72
26.77
2.51
11.3
14.49
25.76
30.02
- -
32.67
Dividend per Share
239.99
273.86
275.56
297.01
335.83
369.02
396.77
466.73
472.19
730.91
377.44
394.52
416.65
439.08
462.52
- -
476.21
Book Value per Share
262.1
293.2
297.17
319.5
360.22
393.98
428.84
500.35
501.51
886.64
472.65
487.27
503.9
526.56
546.96
- -
568.71
Tangible Book Value per Share
187
190
190
191
191
191
192
175
192
194
385
386
387
388
389
- -
385
Basic Weighted Avg Shares
15,871
22,321
26,128
31,347
32,622
36,279
38,175
40,280
39,091
42,868
70,802
67,143
68,832
77,143
77,088
72,440
72,440
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
1,265
1,124
987
1,106
1,215
1,178
1,254
1,340
1,425
1,730
4,312
4,802
4,145
3,809
4,142
4,517
4,517
Depreciation Expense
3,202
4,009
1,261
5,737
9,539
9,333
8,226
8,687
11,601
7,222
10,112
10,474
14,195
18,622
21,031
20,639
20,639
Net Income, GAAP
0.44
0.99
22.59
18.41
11.08
18.71
17.43
18.67
19.81
18.02
18.02
18.17
19.1
- -
- -
- -
- -
Effective Tax Rate (%)
20.18
17.96
4.83
18.3
29.24
25.73
21.55
21.57
29.68
16.85
14.28
15.6
20.62
24.14
27.28
28.49
28.49
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
62,104
144,487
103,570
98,396
104,007
62,562
82,146
93,667
97,938
195,469
158,182
139,518
144,414
132,676
110,601
112,018
112,018
LT Debt
49,855
56,575
57,382
61,833
69,793
76,598
83,848
89,856
98,779
194,811
204,750
210,836
217,728
227,477
237,812
244,194
244,194
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
1.73
8.27
2.41
10.52
15.8
13.86
11.22
11.01
13.46
6.21
7.03
7.04
9.06
11.24
12.01
11.36
11.36
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
112,714
115,558
110,300
LT Finance Leases
1,404
- -
1,718
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
95,526
94,883
94,883
Market Capitalization
114,189
113,089
109,878

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
333,401
171,646
319,901
Accounts Receivable, Net
8,308
8,262
8,373
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
12,804
3,478
15,333
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.68%
3.59%
2.68%
Free Cash Flow
-3,215.51%
-176.85%
645.83%
Net Income, GAAP
11.09%
16.27%
-1.86%
Sales/Revenue/Turnover
8.59%
0.66%
-6.03%
Total Cash Common Dividend
49.82%
96.29%
7.64%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
16,794
17,709
17,918
24,707
77,143
2024
17,600
17,312
17,172
25,017
77,088
2025
16,489
16,321
16,241
23,389
72,440

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
11.09
11.8
12.22
- -
48.06
2024
13.84
13.86
13.54
- -
54.05
2025
13.1
12.99
13.94
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
13.25
- -
- -
25.76
2024
- -
13.75
- -
- -
30.02
2025
- -
16.38
- -
- -
- -
Similar Companies
TriState Capital Holdings, Inc. (TSCBP)
SpareBank 1 SMN (MING.OL)
Yamaguchi Financial Group, Inc. (YFGSF)
PT Bank Pembangunan Daerah Jawa Timur Tbk (BJTM.JK)
Isabella Bank Corporation (ISBA)
U.S. Bancorp Depositary Shares, (USB-PS)
Business
TMBThanachart Bank Public Company Limited operates primarily as a commercial bank in Thailand, offering a comprehensive range of financial products and services including retail and corporate banking, personal loans, mortgages, credit cards, deposit accounts, hire purchase financing, insurance savings products, and investment services through its subsidiary Thanachart Securities. The bank serves a diverse customer base with a particular focus on retail loans such as auto loans where it holds a leading market position. Founded through the merger of TMB Bank and Thanachart Bank in 2019 and headquartered in Bangkok, TMBThanachart is recognized as one of Thailand’s systemically important banks. The bank has pursued a digital-first strategy leveraging advanced data analytics and artificial intelligence via its Delphi Personalization Engine to enhance customer experience, risk management, and product personalization. It emphasizes human digital banking to provide seamless omnichannel service and responsible digital lending. In recent developments, TMBThanachart has increased its stake in Thanachart Securities to 99.97%, completed acquisitions within its financial ecosystem, and initiated a THB 21 billion medium-term share buyback program (2025–2027). The bank also signed a shareholder agreement with ttb consumer company limited and continues strategic moves towards inorganic growth. Additionally, there are ongoing merger talks with state-owned Krungthai Bank to form Thailand’s largest "Super Bank," combining significant customer bases and competitive strengths. The bank operates nationally across Thailand and targets both retail and commercial markets, emphasizing healthy borrowing, smart saving, and investment for financial well-being. Its strategic initiatives include debt consolidation programs for homeowners, risk-based pricing to reward timely payments, and augmented digital infrastructure including cloud-based IT systems. These comprehensive offerings and strategic expansions position TMBThanachart as a competitive force in Thailand’s banking sector, with ongoing innovation and growth initiatives driving shareholder value and market presence.