Bank Earnings Q2/69: KBANK, KTB, BBL Highlighted

Thansettakij•Economy•15h ago

Reader Briefing

Analysts provide mixed outlooks for Thai commercial bank earnings in Q2/2026, with some predicting profit contractions while others expect growth.

•DBS Vickers predicts total net profit for 7 analyzed banks to be 50.95 billion baht in Q2/2026, a 9.5% decrease year-on-year.
•Phillip Securities expects total profit for 8 analyzed banks to reach 72.9 billion baht in Q2/2026, a 12.9% increase year-on-year.
•KBANK, KTB, BBL, and KKP are frequently identified as top picks due to strong fundamentals and dividend yields.

•Commercial banks face pressure from downward interest rate trends, fragile loan growth, and slowing interest income.
•DBS Vickers estimates a 9.5% year-on-year and 10.8% quarter-on-quarter decrease in combined net profits for 7 banks in Q2/2026.
•DBS Vickers attributes the projected profit decline to lower Net Interest Income (NII) and weakening Non-NII.
•Phillip Securities forecasts combined profits for 8 banks in Q2/2026 to be 72.9 billion baht, up 12.9% year-on-year.
•Phillip Securities predicts KKP will have the most outstanding profit growth year-on-year at 46.8% with 2.1 billion baht.
•Phillip Securities expects KBANK to have the highest loan growth in Q2/2026 at 4% quarter-on-quarter.
•SCB and KTB are the only two banks expected by Phillip Securities to see loan contraction in Q2/2026.
•Investors are advised to monitor actual earnings, second-half loan trends, policy interest rates, and asset quality.

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BBL

A bank identified as a top pick due to strong fundamentals and outstanding performance trends.

KBANK

A bank noted for strong fundamentals, attractive dividends, and predicted high loan growth in Q2/2026.

KTB

A bank highlighted as a top pick and expected by Phillip Securities to see loan contraction in Q2/2026.

DBS Vickers Securities(บล.ดีบีเอสวิคเคอร์ส)

A securities firm that expects a decline in net profits for most analyzed banks in Q2/2026.

KKP

A bank predicted by Phillip Securities to have the most outstanding profit growth year-on-year in Q2/2026.

Phillip Securities(บล.ฟิลลิป)

A securities firm forecasting an overall increase in profit for 8 studied banks in Q2/2026.

SCB

A bank predicted by Phillip Securities to have the most outstanding profit quarter-on-quarter in Q2/2026.

TTB

A bank expected to be the only one with loans contracting compared to the end of 2025 in Q2/2026.

Middle East(ตะวันออกกลาง)ℹ️

A region where tensions are expected to have a minor impact on Q2/2026 bank earnings.