TISCO Financial Group Public Company (TISCO) Q3 2024 earnings summary

Executive summary

• Net profit for Q3 2024 was ฿1.71 billion, down from ฿1.87 billion in Q3 2023, with basic EPS at ฿2.14 compared to ฿2.34 year-over-year.

• Nine-month net profit reached ฿5.20 billion, a decrease from ฿5.52 billion in the same period last year.

Financial highlights

• Q3 2024 net interest income was ฿3.39 billion, down from ฿3.49 billion year-over-year.

• Net fees and service income for Q3 2024 was ฿1.26 billion, up from ฿1.20 billion year-over-year.

• Total assets as of 30 September 2024 were ฿277.6 billion, down from ฿290.7 billion at year-end 2023.

• Loans to customers and accrued interest receivables (net) stood at ฿222.95 billion, a decrease from ฿226.83 billion at year-end 2023.

Outlook and guidance

• No explicit forward-looking guidance provided, but results reflect a challenging environment with declining net profit and assets.