7 banks set to report Q3 2026 results; brokers expect profits to plunge 11-15%

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Summary · why it matters

Seven commercial banks, namely BBL, KBANK, KTB, SCB, TTB, KKP and TISCO, are entering the third-quarter 2026 earnings season amid pressure from a falling interest rate cycle. Finansia Syrus Securities, or FSS, estimates the seven banks' combined net profit at 54.98 billion baht, down 0.7% from the previous quarter and down 11.6% from the same period a year earlier. Miss Chitra Amorntham, Deputy Managing Director of the Securities Analysis Department at FSS, said the main pressure comes from the policy rate having been cut three times, or 0.75%, over the past 12 months. Kasikorn Securities, or KS, estimates combined third-quarter net profit at 49.4 billion baht, down 2% from the previous quarter and down 15% from a year earlier. Yuanta Securities estimates it at 54.905 billion baht, down 0.9% from the previous quarter and down 11.7% from a year earlier. For the first nine months of 2026, FSS expects the seven banks to post combined net profit of 167.519 billion baht, down 5.3% from a year earlier, or about 78% of the full-year estimate. KBANK has the highest profit at 40.391 billion baht, up 2.8%, while KKP grew the fastest at 47.6%, with profit of 6.113 billion baht. FSS maintains a market-weight investment rating, picking BBL with a target price of 240 baht and KTB with a target price of 47.30 baht as its top picks. KS maintains a positive view, picking KKP with a target price of 153 baht and KTB with a target price of 48 baht as its top picks. Yuanta Securities noted that the share price correction has pushed the dividend yield of SCB, KKP, KTB and TISCO back above 6% in 2026, with SCB leading the group at 6.9% and a fair value of 160 baht.

Impact on assets 8

Financials▼
Kasikornbank Public Company Limited
KBANK
▼ NegativeMonetaryrelevance

KBANK is one of the seven banks facing profit pressure from the falling interest rate cycle, though it still has the highest profit at 40.391 billion baht.

Digital Finance & Tokenization▼
Bangkok Bank PCL
BBL
▼ NegativeMonetaryrelevance

BBL is among the seven banks whose Q3 2026 profits are expected to fall 11-15% due to the policy rate being cut three times in the past 12 months.

SCB X Public Company Limited
SCB
▼ NegativeMonetaryrelevance

SCB is among the seven banks facing profit declines from the falling interest rate cycle, though its dividend yield has risen above 6%.