Kasikornbank Reports 9-Month Profit of 40.635 Billion Baht, Up 3.43% YoY in 2026

Kasikornbank reported a net profit of 12.72 billion baht in Q3 2026, down 3.98% quarter-on-quarter due to lower non-interest income, including fees. However, for the first 9 months of 2026, profit rose 3.43% year-on-year to 40.635 billion baht despite an 8.87% drop in interest income amid a falling interest rate environment.

Kattiya Indarawichai, Chief Executive Officer of Kasikornbank (KBank). She revealed Q3 2026 results showing that the bank and its subsidiaries earned a net profit attributable to the bank of 12.72 billion baht, down 3.98% quarter-on-quarter due to declines in non-interest income from net fees and services and financial instruments. Net interest income was 31.602 billion baht, up 0.51% quarter-on-quarter.

*Net profit in Q3 2026 decreased 2.20% year-on-year compared to the same period last year.

Operating expenses totaled 19.892 billion baht, down 4.14% quarter-on-quarter. The cost-to-income ratio was 41.75%. In Q3, Kasikornbank set aside 10.329 billion baht for expected credit losses, up 3.09% quarter-on-quarter, raising the coverage ratio to 177.90% from 173.90% in the previous quarter. This reflects preparations for ongoing economic uncertainties and future challenges from volatile domestic and international conditions requiring close monitoring.

Summary of the 9-month 2026 results compared to the same period last year highlights the following:

• Net profit was 40.635 billion baht, up 3.43% year-on-year. Excluding a one-time special income of 1.455 billion baht from investment compensation, net profit stood at 39.311 billion baht, stable compared to 39.287 billion baht the previous year.
• Net interest income was 94.992 billion baht, down 8.87% year-on-year. The net interest margin (NIM) stood at 2.89%, declining due to lower interest rates and loan rate cuts.
• Non-interest income was 51.894 billion baht, up 21.51% year-on-year, mainly driven by growth in wealth management, fund management, and insurance services.
• Operating expenses were 59.922 billion baht, down 3.07% year-on-year.
  The cost-to-income ratio was 40.79%.
• As of 30 Sep 2026, gross non-performing loans (NPLs) stood at 92.64 billion baht, up 1.04% from the previous quarter and 0.95% from the end of 2025.
• The NPL ratio to total loans at the end of Q3 2026 was 3.18%.
• The coverage ratio was 177.90%.
• The capital adequacy ratio under Basel III stood at 19.77%.
• As of 30 Sep 2026, total assets reached 4.61 trillion baht, up 1.22% from the end of 2025, driven by growth in large business loans.

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