DSE : MIDLANDBNK
Midland Bank PLC. — Financial statements
Commercial Banks · Bangladesh
Last price 17.2 BDT (At close: Oct 29, 2026) · Market cap 11.67B
Latest research: Midland Bank financial analysis: negative NII, treasury-led profit, 3.1% NPL and a 66% gap to the Tk2,000 crore rule (Oct 2026) · Midland Bank: a 3.1% NPL bank whose interest margin has turned negative, now earning its living from treasury bills, and 66% short of the Tk2,000 crore paid-up line
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 7.35B | 7.17B | 6.02B | 4.50B | 3.66B | 3.23B |
| Interest Paid on Deposits | 8.16B | 8.06B | 5.96B | 3.74B | 3.20B | 2.26B |
| Net Interest Income | -811.75M | -899.32M | 59.32M | 763.00M | 455.97M | 970.11M |
| Gain (Loss) on Sale of Investments | 5.50M | 68.08M | -156.66M | -20.97M | -109.23M | -65.61M |
| Other Non-Interest Income | 6.01B | 5.41B | 3.64B | 2.43B | 2.29B | 1.67B |
| Total Non-Interest Income | 6.02B | 5.48B | 3.48B | 2.41B | 2.18B | 1.60B |
| Revenues Before Loan Losses | 5.21B | 4.58B | 3.54B | 3.17B | 2.64B | 2.57B |
| Provision for Loan Losses | 1.33B | 1.54B | 806.67M | 507.86M | 309.27M | 313.60M |
| Revenue | 3.88B | 3.04B | 2.74B | 2.66B | 2.33B | 2.26B |
| Salaries and Employee Benefits | 953.94M | 883.01M | 769.71M | 689.10M | 616.49M | 515.23M |
| Occupancy Expenses | 521.47M | 472.55M | 424.20M | 396.80M | 338.84M | 325.94M |
| Selling, General & Administrative | 136.65M | 153.10M | 122.97M | 107.11M | 86.40M | 75.27M |
| Other Non-Interest Expense | 403.12M | 419.98M | 296.90M | 251.24M | 212.25M | 188.11M |
| Total Non-Interest Expense | 2.02B | 1.93B | 1.61B | 1.44B | 1.25B | 1.10B |
| EBT Excluding Unusual Items | 1.86B | 1.11B | 1.12B | 1.22B | 1.07B | 1.15B |
| Other Unusual Items | 58.54M | 15.42M | -26.21M | |||
| Pretax Income | 1.86B | 1.11B | 1.12B | 1.28B | 1.09B | 1.13B |
| Income Tax Expense | 715.80M | 284.98M | 308.23M | 144.09M | 526.67M | 612.15M |
| Net Income | 1.14B | 822.73M | 814.12M | 1.13B | 561.97M | 514.02M |
| Net Income to Common | 1.14B | 822.73M | 814.12M | 1.13B | 561.97M | 514.02M |
| Basic Shares Outstanding | 681.72M | 678.63M | 678.63M | 678.63M | 678.63M | 604.36M |
| Diluted Shares Outstanding | 681.72M | 678.63M | 678.63M | 678.63M | 678.63M | 604.36M |
| EPS (Basic) | 1.68 | 1.21 | 1.20 | 1.67 | 0.83 | 0.85 |
| EPS (Diluted) | 1.68 | 1.21 | 1.20 | 1.67 | 0.83 | 0.85 |
| Dividend Per Share | 0.29 | 0.29 | 0.28 | 0.47 | 0.47 | 0.47 |
| Effective Tax Rate | 38.47% | 25.73% | 27.46% | 11.28% | 48.38% | 54.36% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.87B | 9.17B | 10.44B | 4.31B | 4.33B | 3.65B |
| Investment Securities | 50.65B | 35.69B | 21.02B | 17.38B | 16.90B | 14.98B |
| Total Investments | 50.65B | 35.69B | 21.02B | 17.38B | 16.90B | 14.98B |
| Gross Loans | 73.50B | 71.07B | 63.28B | 54.86B | 52.79B | 45.87B |
| Net Loans | 73.50B | 71.07B | 63.28B | 54.86B | 52.79B | 45.87B |
| Property, Plant & Equipment | 1.29B | 1.50B | 891.43M | 571.14M | 572.48M | 624.11M |
| Other Intangible Assets | 52.20M | 14.78M | 21.99M | |||
| Accrued Interest Receivable | 1.54B | 1.06B | 791.57M | 813.84M | 556.98M | |
| Other Receivables | 73.48M | 76.40M | 178.07M | 400.97M | 134.36M | |
| Restricted Cash | 5.58B | 3.06B | 2.59B | 2.01B | 1.85B | 1.65B |
| Other Current Assets | 3.08B | 2.38B | 2.63B | 2.06B | 1.46B | |
| Long-Term Deferred Tax Assets | 931.15M | 759.33M | 546.61M | 589.25K | ||
| Other Long-Term Assets | 7.12B | 260.05M | 269.87M | 90.83M | 122.41M | 72.50M |
| Total Assets | 144.01B | 126.37B | 102.76B | 83.43B | 79.87B | 69.02B |
| Accrued Expenses | 127.73M | 201.48M | 128.06M | 65.11M | 69.07M | |
| Interest Bearing Deposits | 88.49B | 78.04B | 66.24B | 53.35B | 50.25B | 43.33B |
| Non-Interest Bearing Deposits | 11.89B | 8.39B | 8.95B | 6.96B | 7.51B | 7.40B |
| Total Deposits | 100.38B | 86.43B | 75.19B | 60.30B | 57.76B | 50.73B |
| Short-Term Borrowings | 3.13B | 212.54M | 555.60M | 1.57B | 1.23B | |
| Current Portion of Long-Term Debt | 7.44B | 2.33B | 1.56B | 1.77B | 1.81B | |
| Current Income Taxes Payable | 3.09B | 2.63B | 3.08B | 2.39B | 1.84B | |
| Accrued Interest Payable | 403.99M | 333.42M | 192.72M | 100.99M | 87.39M | |
| Long-Term Debt | 19.95B | 7.82B | 6.43B | 4.20B | 4.90B | 2.92B |
| Long-Term Leases | 819.64M | 401.70M | 265.24M | 359.21M | 394.94M | |
| Long-Term Unearned Revenue | 769.64M | 570.95M | 465.66M | 402.92M | 275.17M | |
| Long-Term Deferred Tax Liabilities | 16.98M | |||||
| Other Long-Term Liabilities | 12.82B | 5.87B | 4.79B | 3.53B | 2.90B | 2.25B |
| Total Liabilities | 133.16B | 115.90B | 93.08B | 74.28B | 72.22B | 61.61B |
| Common Stock | 6.79B | 6.59B | 6.40B | 6.40B | 5.70B | 5.70B |
| Retained Earnings | 4.04B | 3.73B | 3.24B | 2.75B | 1.95B | 1.71B |
| Comprehensive Income & Other | 25.36M | 159.60M | 39.52M | 3.34M | 1.16M | 2.45M |
| Total Common Equity | 10.85B | 10.47B | 9.67B | 9.15B | 7.65B | 7.40B |
| Minority Interest | 20.00 | 20.00 | 20.00 | |||
| Shareholders' Equity | 10.85B | 10.47B | 9.67B | 9.15B | 7.65B | 7.40B |
| Total Liabilities & Equity | 144.01B | 126.37B | 102.76B | 83.43B | 79.87B | 69.02B |
| Total Debt | 19.95B | 19.21B | 9.37B | 6.58B | 8.60B | 6.34B |
| Net Cash (Debt) | -14.08B | -10.04B | 1.07B | -2.27B | -4.27B | -2.70B |
| Net Cash Per Share | -20.66 | -14.80 | 1.57 | -3.35 | -6.29 | -4.46 |
| Filing Date Shares Outstanding | 676.25M | 678.63M | 678.63M | 678.63M | 604.36M | 604.36M |
| Total Common Shares Outstanding | 676.25M | 678.63M | 678.63M | 678.63M | 604.36M | 604.36M |
| Book Value Per Share | 16.04 | 15.43 | 14.25 | 13.48 | 12.65 | 12.25 |
| Tangible Book Value | 10.85B | 10.47B | 9.67B | 9.10B | 7.63B | 7.38B |
| Tangible Book Value Per Share | 16.04 | 15.43 | 14.25 | 13.41 | 12.63 | 12.21 |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 822.73M | 822.73M | 814.12M | 1.13B | 561.97M | 514.02M |
| Depreciation & Amortization | 284.02M | 284.02M | 261.84M | 228.99M | 210.70M | 163.99M |
| Change in Other Net Operating Assets | -11.42B | -11.24B | -9.57B | -3.69B | -5.49B | -5.46B |
| Other Operating Activities | 11.77B | 11.51B | 1.34B | 284.36M | 263.40M | 424.18M |
| Operating Cash Flow | 1.46B | 1.38B | -7.16B | -2.04B | -4.46B | -4.35B |
| Capital Expenditures | -792.46M | -896.52M | -524.49M | -265.34M | -153.03M | -142.37M |
| Sale of Property, Plant and Equipment | 903.91K | 903.91K | 1.08M | 414.95K | 2.91M | |
| Investment in Securities | -1.26B | -1.63B | 119.38M | 229.31M | -1.10B | -1.54B |
| Other Investing Activities | 1.00 | -1.00 | ||||
| Investing Cash Flow | -2.05B | -2.53B | -404.03M | -36.03M | -1.25B | -1.68B |
| Issuance of Common Stock | 700.00M | |||||
| Common Dividends Paid | -197.66M | -191.90M | -319.83M | -319.83M | -284.83M | -427.25M |
| Net Increase (Decrease) in Deposit Accounts | 7.09B | 527.82M | 14.00B | 2.40B | 6.86B | 5.79B |
| Other Financing Activities | 1.00 | |||||
| Financing Cash Flow | 6.89B | 335.92M | 13.68B | 2.78B | 6.57B | 5.36B |
| Foreign Exchange Rate Adjustments | -41.75M | 9.40M | 28.73M | 5.62M | 20.51M | |
| Net Cash Flow | 6.26B | -800.59M | 6.15B | 701.46M | 884.52M | -671.03M |
| Free Cash Flow | 663.61M | 485.80M | -7.68B | -2.31B | -4.61B | -4.50B |
| Free Cash Flow Margin | 17.12% | 16.00% | -280.70% | -86.75% | -198.08% | -199.24% |
| Free Cash Flow Per Share | 0.97 | 0.72 | -11.32 | -3.40 | -6.79 | -7.44 |
| Cash Interest Paid | 2.70B | 2.70B | 4.92B | 3.51B | 3.01B | 2.33B |
| Cash Income Tax Paid | 695.89M | 695.89M | 714.65M | 565.21M | 595.48M | 409.94M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.67B | 11.20B | 19.96B | 9.21B | ||
| Last Close Price | 17.20 | 16.17 | 28.46 | 12.72 | ||
| PE Ratio | 10.24 | 13.61 | 24.52 | 8.13 | ||
| PS Ratio | 3.01 | 3.69 | 7.29 | 3.46 | ||
| PB Ratio | 1.08 | 1.07 | 2.06 | 1.01 | ||
| P/FCF Ratio | 17.59 | 23.06 | ||||
| P/OCF Ratio | 8.02 | 8.10 | ||||
| Debt / Equity Ratio | 1.84 | 1.83 | 0.97 | 0.72 | 1.12 | 0.86 |
| Debt / FCF Ratio | 30.06 | 39.55 | ||||
| Net Debt / Equity Ratio | 1.30 | 0.96 | -0.11 | 0.25 | 0.56 | 0.36 |
| Net Debt / FCF Ratio | 21.22 | 20.67 | 0.14 | -0.98 | -0.93 | -0.60 |
| Return on Equity (ROE) | 10.84% | 8.17% | 8.65% | 13.49% | 7.47% | 6.84% |
| Return on Assets (ROA) | 0.87% | 0.72% | 0.88% | 1.39% | 0.76% | 0.78% |
| Earnings Yield | 9.76% | 7.34% | 4.08% | 12.30% | ||
| FCF Yield | 5.69% | 4.34% | -38.48% | -25.08% | ||
| Dividend Yield | 1.69% | 1.76% | 0.96% | 3.47% | ||
| Payout Ratio | 17.26% | 23.33% | 39.29% | 28.23% | 50.69% | 83.12% |
| Buyback Yield / Dilution | -0.73% | 0.00% | -12.29% | |||
| Total Shareholder Return | 0.97% | 1.76% | 0.96% | 3.47% | -12.29% |