DSE : MTB
Mutual Trust Bank PLC. — Financial statements
Commercial Banks · Bangladesh
Last price 12.7 BDT (At close: Oct 29, 2026) · Market cap 15.38B
Latest research: Mutual Trust Bank financial analysis: NII squeezed by deposit costs, 5.8% NPL, 13.6% CRAR, no cash dividend under Tk2,000 crore rule (Oct 2026) · Mutual Trust Bank: deposit costs have nearly erased net interest income, bond gains and tax credits now carry profit, and capital headroom is thin
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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 | 27.72B | 27.44B | 25.67B | 20.73B | 16.06B | 14.56B |
| Interest Paid on Deposits | 26.59B | 24.59B | 17.60B | 13.47B | 12.20B | 8.82B |
| Net Interest Income | 1.13B | 2.85B | 8.06B | 7.25B | 3.87B | 5.75B |
| Gain (Loss) on Sale of Investments | -218.44M | -294.44M | -216.62M | -77.39M | -255.00M | -540.00M |
| Other Non-Interest Income | 20.74B | 19.65B | 14.44B | 10.23B | 12.24B | 7.06B |
| Total Non-Interest Income | 20.52B | 19.35B | 14.23B | 10.16B | 11.98B | 6.52B |
| Revenues Before Loan Losses | 21.65B | 22.20B | 22.29B | 17.41B | 15.85B | 12.26B |
| Provision for Loan Losses | 6.80B | 6.92B | 6.59B | 4.39B | 4.02B | 746.57M |
| Revenue | 14.86B | 15.28B | 15.71B | 13.02B | 11.83B | 11.52B |
| Salaries and Employee Benefits | 7.16B | 6.88B | 6.03B | 4.88B | 4.41B | 3.98B |
| Occupancy Expenses | 1.44B | 1.36B | 1.24B | 1.24B | 1.24B | 1.14B |
| Selling, General & Administrative | 1.38B | 1.47B | 1.24B | 999.53M | 707.24M | 601.35M |
| Other Non-Interest Expense | 2.46B | 2.47B | 2.41B | 2.33B | 2.15B | 1.78B |
| Total Non-Interest Expense | 12.44B | 12.19B | 10.92B | 9.45B | 8.51B | 7.50B |
| EBT Excluding Unusual Items | 2.42B | 3.10B | 4.78B | 3.57B | 3.33B | 4.01B |
| Other Unusual Items | -98.24M | -475.87M | ||||
| Pretax Income | 2.42B | 3.10B | 4.78B | 3.57B | 3.23B | 3.54B |
| Income Tax Expense | -883.97M | -295.97M | 1.62B | 709.46M | 859.18M | 565.57M |
| Earnings From Continuing Operations | 3.30B | 3.39B | 3.17B | 2.86B | 2.37B | 2.97B |
| Minority Interest in Earnings | -2.69K | -2.69K | -1.13K | -3.35K | -3.31K | -1.51K |
| Net Income | 3.30B | 3.39B | 3.17B | 2.86B | 2.37B | 2.97B |
| Net Income to Common | 3.30B | 3.39B | 3.17B | 2.86B | 2.37B | 2.97B |
| Basic Shares Outstanding | 1.21B | 1.21B | 1.21B | 1.21B | 1.21B | 1.21B |
| Diluted Shares Outstanding | 1.21B | 1.21B | 1.21B | 1.21B | 1.21B | 1.21B |
| EPS (Basic) | 2.73 | 2.80 | 2.61 | 2.36 | 1.96 | 2.45 |
| EPS (Diluted) | 2.73 | 2.80 | 2.61 | 2.36 | 1.96 | 2.45 |
| Dividend Per Share | 0.81 | 0.81 | ||||
| Effective Tax Rate | 33.81% | 19.88% | 26.61% | 15.98% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 16.64B | 15.29B | 13.49B | 10.87B | 12.10B | 7.79B |
| Investment Securities | 179.45B | 128.97B | 107.67B | 72.14B | 57.00B | 54.49B |
| Total Investments | 179.45B | 128.97B | 107.67B | 72.14B | 57.00B | 54.49B |
| Gross Loans | 338.44B | 319.10B | 300.78B | 261.44B | 271.90B | 239.69B |
| Allowance for Loan Losses | -10.53B | -8.17B | ||||
| Other Adjustments to Gross Loans | -7.25B | -5.37B | ||||
| Net Loans | 338.44B | 319.10B | 300.78B | 261.44B | 254.11B | 226.15B |
| Property, Plant & Equipment | 4.74B | 4.32B | 4.09B | 4.44B | 4.52B | 4.73B |
| Other Intangible Assets | 519.21M | 519.17M | 553.43M | 618.28M | 663.92M | |
| Accrued Interest Receivable | 1.32B | 1.19B | 1.30B | |||
| Other Receivables | 781.18M | 334.32M | -7.56M | |||
| Restricted Cash | 23.03B | 17.80B | 17.52B | 12.64B | 14.93B | 11.20B |
| Other Current Assets | 452.36M | 5.74B | 4.45B | |||
| Long-Term Deferred Tax Assets | 3.15B | 2.35B | 1.74B | |||
| Other Long-Term Assets | 30.33B | 19.19B | 13.13B | -1.18B | 646.75M | -6.01B |
| Total Assets | 592.63B | 505.19B | 457.20B | 366.61B | 353.55B | 306.50B |
| Accrued Expenses | 772.75M | 220.18M | 20.87M | |||
| Interest Bearing Deposits | 346.72B | 319.53B | 277.25B | 223.99B | 201.17B | 182.89B |
| Non-Interest Bearing Deposits | 45.74B | 42.95B | 49.59B | 36.04B | 29.30B | 26.91B |
| Total Deposits | 392.46B | 362.48B | 326.84B | 260.03B | 230.48B | 209.81B |
| Short-Term Borrowings | 635.55M | 929.21M | 727.43M | |||
| Current Portion of Long-Term Debt | 29.03B | 21.36B | 31.23B | 26.02B | ||
| Current Income Taxes Payable | 1.34B | 1.05B | 1.04B | |||
| Accrued Interest Payable | 3.77B | 3.05B | 2.60B | |||
| Other Current Liabilities | 9.10B | 1.60B | 2.00B | 2.55B | 2.18B | 1.98B |
| Long-Term Debt | 94.77B | 23.56B | 54.13B | 21.31B | 27.31B | 21.06B |
| Long-Term Leases | 1.24B | 1.18B | 1.27B | |||
| Long-Term Unearned Revenue | 73.54M | 125.53M | 124.40M | |||
| Pension & Post-Retirement Benefits | 128.89M | |||||
| Other Long-Term Liabilities | 65.84B | 50.92B | 43.10B | 31.42B | 40.09B | 27.26B |
| Total Liabilities | 562.17B | 474.79B | 431.70B | 342.50B | 332.22B | 286.85B |
| Common Stock | 10.81B | 10.81B | 9.83B | 9.83B | 8.94B | 8.12B |
| Additional Paid-In Capital | 1.10B | 1.10B | 1.10B | 1.10B | 1.10B | 1.10B |
| Retained Earnings | 16.99B | 15.94B | 13.95B | 12.40B | 10.89B | 9.97B |
| Comprehensive Income & Other | 1.56B | 2.56B | 625.44M | 779.72M | 404.83M | 462.63M |
| Total Common Equity | 30.46B | 30.40B | 25.51B | 24.11B | 21.33B | 19.65B |
| Minority Interest | 138.05K | 137.13K | 134.44K | 133.32K | 132.37K | 133.26K |
| Shareholders' Equity | 30.46B | 30.40B | 25.51B | 24.11B | 21.33B | 19.65B |
| Total Liabilities & Equity | 592.63B | 505.19B | 457.20B | 366.61B | 353.55B | 306.50B |
| Total Debt | 94.77B | 53.82B | 55.32B | 44.58B | 59.47B | 47.81B |
| Net Cash (Debt) | -78.13B | -38.53B | -41.82B | -33.71B | -42.65B | -32.95B |
| Net Cash Per Share | -64.62 | -31.81 | -34.53 | -27.83 | -35.21 | -27.20 |
| Filing Date Shares Outstanding | 1.21B | 1.21B | 1.21B | 1.21B | 1.21B | 1.21B |
| Total Common Shares Outstanding | 1.21B | 1.21B | 1.21B | 1.21B | 1.21B | 1.21B |
| Book Value Per Share | 25.15 | 25.10 | 21.06 | 19.90 | 17.61 | 16.23 |
| Tangible Book Value | 30.46B | 29.88B | 24.99B | 23.55B | 20.71B | 18.99B |
| Tangible Book Value Per Share | 25.15 | 24.67 | 20.63 | 19.45 | 17.10 | 15.68 |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.30B | 3.39B | 3.17B | 2.86B | 2.37B | 2.97B |
| Depreciation & Amortization | 638.97M | 610.95M | 592.08M | 584.19M | 707.67M | 625.74M |
| Other Amortization | 93.52M | 90.04M | 83.78M | 83.83M | 83.27M | 65.81M |
| Gain (Loss) on Sale of Assets | 9.68M | 2.54M | 11.70M | 4.61M | 9.01M | 8.81M |
| Provision for Credit Losses | 534.38M | 314.93M | 107.05M | 179.36M | 68.00M | 44.86M |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 1.08B | 31.32M | -1.27B | -24.08M | 185.25M | 1.97B |
| Change in Other Net Operating Assets | 3.55B | -20.47B | -27.25B | -25.86B | -16.06B | -18.73B |
| Other Operating Activities | 3.51B | 6.10B | 9.39B | 7.12B | 6.19B | -781.26M |
| Operating Cash Flow | 12.72B | -9.93B | -15.17B | -15.06B | -6.44B | -13.82B |
| Capital Expenditures | -824.60M | -935.33M | -464.63M | -366.35M | -670.82M | -1.20B |
| Investment in Securities | -69.88B | -19.36B | -38.98B | -15.98B | -4.93B | -10.84B |
| Other Investing Activities | 2.00 | |||||
| Investing Cash Flow | -70.71B | -20.30B | -39.45B | -16.35B | -5.60B | -12.03B |
| Long-Term Debt Issued | 1.90B | 1.75B | ||||
| Long-Term Debt Repaid | -1.70B | -2.00B | -1.95B | |||
| Net Debt Issued (Repaid) | -1.71B | -1.70B | -2.00B | -1.95B | 1.90B | 1.75B |
| Common Dividends Paid | -396.41M | -396.41M | -1.51B | -544.60M | ||
| Net Increase (Decrease) in Deposit Accounts | 65.89B | 34.41B | 65.62B | 30.38B | 18.80B | 25.39B |
| Other Financing Activities | -7.26M | -609.16M | -224.06M | |||
| Financing Cash Flow | 63.78B | 32.31B | 62.11B | 27.89B | 20.09B | 26.91B |
| Foreign Exchange Rate Adjustments | 17.67M | -8.76M | 6.45M | -7.70M | 5.77M | 761.55K |
| Net Cash Flow | 5.81B | 2.08B | 7.50B | -3.52B | 8.05B | 1.06B |
| Free Cash Flow | 11.90B | -10.86B | -15.63B | -15.42B | -7.12B | -15.02B |
| Free Cash Flow Margin | 80.08% | -71.07% | -99.52% | -118.48% | -60.14% | -130.43% |
| Free Cash Flow Per Share | 9.84 | -8.97 | -12.90 | -12.73 | -5.87 | -12.40 |
| Cash Interest Paid | 25.77B | 23.74B | 16.90B | 13.96B | 10.16B | 11.16B |
| Cash Income Tax Paid | 3.43B | 1.80B | -1.38M | -2.21B | 1.32B | 1.15B |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 15.38B | 13.30B | 12.09B | 15.24B | 14.93B | 15.92B |
| Last Close Price | 12.70 | 10.98 | 9.98 | 11.73 | 11.48 | 12.25 |
| PE Ratio | 4.81 | 3.92 | 3.82 | 5.33 | 6.30 | 5.36 |
| PS Ratio | 0.96 | 0.87 | 0.77 | 1.17 | 1.26 | 1.38 |
| PB Ratio | 0.50 | 0.44 | 0.47 | 0.63 | 0.70 | 0.81 |
| Debt / Equity Ratio | 3.11 | 1.77 | 2.17 | 1.85 | 2.79 | 2.43 |
| Debt / FCF Ratio | 7.97 | |||||
| Net Debt / Equity Ratio | 2.56 | 1.27 | 1.64 | 1.40 | 2.00 | 1.68 |
| Net Debt / FCF Ratio | 6.57 | -3.55 | -2.68 | -2.19 | -5.99 | -2.19 |
| Return on Equity (ROE) | 11.53% | 12.14% | 12.77% | 12.59% | 11.56% | 16.22% |
| Return on Assets (ROA) | 0.62% | 0.70% | 0.77% | 0.79% | 0.72% | 1.03% |
| Earnings Yield | 20.80% | 25.51% | 26.19% | 18.77% | 15.87% | 18.67% |
| FCF Yield | -145.66% | -81.66% | -129.26% | -101.21% | -47.67% | -94.33% |
| Dividend Yield | 6.39% | 8.13% | 6.45% | |||
| Payout Ratio | 12.69% | 11.68% | 47.84% | 19.04% | ||
| Buyback Yield / Dilution | 0.51% | 0.00% | 0.00% | 0.00% | ||
| Total Shareholder Return | 6.90% | 8.13% | 6.45% |