Thailand's TMBThanachart Bank beats Q3 profit forecasts on lower provisions

But management is bracing for slower fee income growth in Q4 2025.

TMBThanachart Bank (TTB)’s Q3 net profit beat estimates thanks to its lower-than-expected provisions, but should see slower fee income growth in Q4, reports CGS International.

The Thai-based bank reported a net profit of THB5.3b for Q3 2025, a 1.3% increase from the same period last year, and 5.9% higher than the previous month. This is 4.7% higher than CGS International’s estimate and 9% above the Bloomberg consensus, said CGS International analyst Weerapat Wonk-Urai.

“TTB had lower-than-expected provision expenses and booked higher-than-expected tax shield in Q3 2025,” Wonk-Urai said in a report on 24 October 2025.

Management has guided for a deceleration of its fee income in Q4 2025, on the back of the weak domestic economy weighing on its auto loan growth.

In Q3 2025, TTB’s auto loans contracted 2.6% compared to the previous quarter, and its loans to small and medium enterprises (SMEs) also fell by 3.5%. This was partially offset by a slight increase in consumer loans and large corporate loans.