DSE : TRUSTBANK
Trust Bank PLC. — Financial statements
Commercial Banks · Bangladesh
Last price 13.3 BDT (At close: Oct 29, 2026) · Market cap 13.88B
Latest research: Trust Bank financial analysis: net interest income near zero, SMA loans quadruple and CRAR 12.76% (Oct 2026) · Trust Bank: net interest income fell to 0.9% of earning assets in 2025 and to BDT 317m in H1 2026, while treasury income and a BDT 27.5bn special-mention book grew
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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 | 38.51B | 39.11B | 34.47B | 25.96B | 20.48B | 17.73B |
| Interest Paid on Deposits | 36.70B | 34.97B | 25.99B | 17.36B | 12.68B | 11.34B |
| Net Interest Income | 1.81B | 4.14B | 8.48B | 8.60B | 7.80B | 6.39B |
| Gain (Loss) on Sale of Investments | -322.07M | -572.07M | -56.79M | -23.46M | -137.88M | -161.98M |
| Other Non-Interest Income | 19.58B | 18.95B | 12.37B | 9.38B | 9.45B | 10.44B |
| Total Non-Interest Income | 19.26B | 18.38B | 12.31B | 9.36B | 9.32B | 10.28B |
| Revenues Before Loan Losses | 21.07B | 22.52B | 20.79B | 17.96B | 17.12B | 16.66B |
| Provision for Loan Losses | 7.79B | 9.23B | 5.05B | 5.25B | 4.05B | 4.70B |
| Revenue | 13.28B | 13.29B | 15.74B | 12.71B | 13.07B | 11.96B |
| Salaries and Employee Benefits | 4.32B | 4.15B | 4.01B | 3.42B | 3.13B | 2.64B |
| Occupancy Expenses | 1.66B | 1.48B | 1.26B | 1.14B | 1.00B | 969.13M |
| Selling, General & Administrative | 819.34M | 738.44M | 585.37M | 430.40M | 420.05M | 365.94M |
| Other Non-Interest Expense | 3.02B | 2.69B | 1.61B | 1.48B | 1.68B | 2.91B |
| Total Non-Interest Expense | 9.82B | 9.07B | 7.47B | 6.47B | 6.24B | 6.88B |
| EBT Excluding Unusual Items | 3.45B | 4.22B | 8.27B | 6.24B | 6.83B | 5.08B |
| Pretax Income | 3.45B | 4.22B | 8.27B | 6.24B | 6.83B | 5.08B |
| Income Tax Expense | 249.70M | 860.97M | 4.75B | 2.07B | 4.00B | 2.40B |
| Earnings From Continuing Operations | 3.20B | 3.36B | 3.53B | 4.17B | 2.82B | 2.68B |
| Minority Interest in Earnings | 49.00 | 42.00 | 24.00 | 98.86M | 97.42M | 64.99M |
| Net Income | 3.20B | 3.36B | 3.53B | 4.27B | 2.92B | 2.74B |
| Net Income to Common | 3.20B | 3.36B | 3.53B | 4.27B | 2.92B | 2.74B |
| Basic Shares Outstanding | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B |
| Diluted Shares Outstanding | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B |
| EPS (Basic) | 3.07 | 3.22 | 3.38 | 4.09 | 2.80 | 2.63 |
| EPS (Diluted) | 3.07 | 3.22 | 3.38 | 4.09 | 2.80 | 2.63 |
| Dividend Per Share | 0.76 | 0.76 | 0.66 | 0.98 | 0.75 | 0.85 |
| Effective Tax Rate | 7.23% | 20.38% | 57.39% | 33.12% | 58.65% | 47.30% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 11.84B | 26.99B | 31.97B | 27.55B | 36.82B | 24.48B |
| Investment Securities | 196.04B | 160.55B | 112.45B | 72.92B | 64.20B | 61.03B |
| Trading Asset Securities | 6.71B | |||||
| Total Investments | 196.04B | 160.55B | 112.45B | 72.92B | 64.20B | 67.74B |
| Gross Loans | 422.72B | 434.11B | 406.20B | 353.50B | 299.67B | 259.17B |
| Allowance for Loan Losses | -16.34B | -17.78B | -13.49B | |||
| Other Adjustments to Gross Loans | -13.59B | -9.28B | -6.22B | |||
| Net Loans | 422.72B | 404.18B | 379.14B | 333.79B | 299.67B | 259.17B |
| Property, Plant & Equipment | 3.93B | 4.02B | 4.15B | 2.74B | 2.39B | 2.37B |
| Other Intangible Assets | 64.35M | 21.59M | 25.92M | 17.99M | 7.21M | |
| Accrued Interest Receivable | 3.89B | 3.56B | 3.27B | 3.38B | 2.23B | |
| Other Receivables | 5.04B | 2.67B | 3.07B | 2.82B | 1.81B | |
| Restricted Cash | 23.77B | 12.72B | 12.85B | 11.39B | 9.91B | 9.47B |
| Other Current Assets | 1.13B | 1.02B | 1.03B | 1.04B | 946.03M | |
| Long-Term Deferred Tax Assets | 34.68M | 104.02M | 356.67M | 178.36M | ||
| Other Long-Term Assets | 11.95B | 4.97B | 3.17B | 2.04B | 1.36B | 1.10B |
| Total Assets | 670.26B | 623.73B | 551.10B | 458.01B | 421.96B | 369.49B |
| Accrued Expenses | 882.69M | 956.53M | ||||
| Interest Bearing Deposits | 478.01B | 446.95B | 382.71B | 308.08B | 280.97B | 245.73B |
| Non-Interest Bearing Deposits | 64.70B | 60.28B | 62.30B | 53.52B | 40.42B | 33.94B |
| Total Deposits | 542.71B | 507.23B | 445.02B | 361.59B | 321.39B | 279.67B |
| Current Income Taxes Payable | 3.46B | |||||
| Accrued Interest Payable | 482.60M | 305.71M | ||||
| Other Current Liabilities | 5.49B | 3.90B | 3.59B | 4.80B | 4.51B | 5.04B |
| Long-Term Debt | 44.98B | 36.64B | 31.64B | 35.41B | 40.18B | 37.70B |
| Long-Term Leases | 2.39B | 2.47B | ||||
| Long-Term Unearned Revenue | 2.11B | 2.61B | ||||
| Other Long-Term Liabilities | 47.20B | 41.74B | 35.76B | 32.92B | 35.66B | 28.32B |
| Total Liabilities | 640.38B | 595.38B | 525.81B | 434.73B | 401.75B | 350.73B |
| Common Stock | 9.94B | 9.94B | 9.25B | 8.56B | 7.78B | 7.08B |
| Retained Earnings | 18.13B | 17.14B | 15.83B | 14.39B | 12.27B | 11.50B |
| Comprehensive Income & Other | 1.81B | 1.27B | 206.85M | 138.42M | 66.96M | 34.64M |
| Total Common Equity | 29.88B | 28.35B | 25.28B | 23.09B | 20.12B | 18.61B |
| Minority Interest | 740.00 | 758.00 | 800.00 | 188.41M | 89.62M | 152.09M |
| Shareholders' Equity | 29.88B | 28.35B | 25.28B | 23.27B | 20.21B | 18.76B |
| Total Liabilities & Equity | 670.26B | 623.73B | 551.10B | 458.01B | 421.96B | 369.49B |
| Total Debt | 44.98B | 39.03B | 34.12B | 35.41B | 40.18B | 37.70B |
| Net Cash (Debt) | -33.14B | -12.04B | -2.15B | -7.87B | -3.36B | -6.51B |
| Net Cash Per Share | -31.75 | -11.54 | -2.06 | -7.54 | -3.22 | -6.24 |
| Filing Date Shares Outstanding | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B |
| Total Common Shares Outstanding | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B |
| Book Value Per Share | 28.63 | 27.16 | 24.22 | 22.12 | 19.28 | 17.83 |
| Tangible Book Value | 29.88B | 28.29B | 25.26B | 23.06B | 20.11B | 18.60B |
| Tangible Book Value Per Share | 28.63 | 27.10 | 24.20 | 22.09 | 19.26 | 17.82 |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.20B | 3.36B | 3.53B | 4.27B | 2.92B | 2.74B |
| Depreciation & Amortization | 656.55M | 521.06M | 439.19M | 623.94M | 535.05M | 501.18M |
| Other Amortization | 15.62M | 15.62M | 14.26M | |||
| Provision for Credit Losses | 8.69B | 10.23B | 5.28B | 5.51B | 4.32B | 5.41B |
| Change in Trading Asset Securities | -4.12B | -3.19B | -892.98M | 636.46M | -4.31B | -10.16B |
| Change in Other Net Operating Assets | -41.23B | -31.80B | -41.91B | -40.56B | -39.89B | -41.24B |
| Other Operating Activities | -1.31B | -2.10B | 4.49B | -1.43B | 834.86M | 967.06M |
| Operating Cash Flow | -34.09B | -22.95B | -29.06B | -30.94B | -35.59B | -41.78B |
| Capital Expenditures | -920.27M | -766.21M | -248.43M | -241.45M | -277.49M | -300.61M |
| Sale of Property, Plant and Equipment | 81.99M | 11.99M | 14.02M | 2.97M | 12.41M | 31.58M |
| Cash Acquisitions | -79.10M | -215.09M | ||||
| Investment in Securities | -65.56B | -44.90B | -38.64B | -9.60B | 7.49B | 35.11B |
| Purchase / Sale of Intangibles | -132.51M | -59.78M | -11.20M | -29.45M | -16.86M | -6.49M |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -44.52M | -44.52M | ||||
| Investing Cash Flow | -66.65B | -45.76B | -39.10B | -9.86B | 7.21B | 34.83B |
| Long-Term Debt Issued | 3.19B | 1.81B | 11.25B | |||
| Long-Term Debt Repaid | -5.92B | -6.32B | ||||
| Net Debt Issued (Repaid) | 21.22B | 3.19B | -5.92B | -6.32B | 1.81B | 11.25B |
| Common Dividends Paid | -693.54M | -693.54M | -1.03B | -778.39M | -884.53M | -643.30M |
| Net Increase (Decrease) in Deposit Accounts | 68.88B | 61.03B | 80.32B | 40.06B | 40.02B | -1.50B |
| Financing Cash Flow | 89.41B | 63.52B | 73.36B | 32.95B | 40.95B | 9.11B |
| Foreign Exchange Rate Adjustments | -30.81M | 90.65M | 627.39M | 100.66M | 218.24M | 4.97M |
| Net Cash Flow | -11.37B | -5.10B | 5.83B | -7.75B | 12.79B | 2.16B |
| Free Cash Flow | -35.01B | -23.72B | -29.31B | -31.18B | -35.87B | -42.08B |
| Free Cash Flow Margin | -263.69% | -178.45% | -186.19% | -245.33% | -274.49% | -351.94% |
| Free Cash Flow Per Share | -33.54 | -22.73 | -28.08 | -29.88 | -34.37 | -40.32 |
| Cash Interest Paid | 35.91B | 33.40B | 24.07B | 17.02B | 12.13B | 12.23B |
| Cash Income Tax Paid | 3.41B | 4.45B | 2.07B | 3.65B | 3.09B | 2.76B |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 13.88B | 17.20B | 20.34B | 27.14B | 27.17B | 23.56B |
| Last Close Price | 13.30 | 15.69 | 17.84 | 22.83 | 22.19 | 18.64 |
| PE Ratio | 4.33 | 5.11 | 5.77 | 6.36 | 9.30 | 8.60 |
| PS Ratio | 1.05 | 1.29 | 1.29 | 2.13 | 2.08 | 1.97 |
| PB Ratio | 0.46 | 0.61 | 0.81 | 1.17 | 1.34 | 1.26 |
| Debt / Equity Ratio | 1.51 | 1.38 | 1.35 | 1.52 | 1.99 | 2.01 |
| Net Debt / Equity Ratio | 1.11 | 0.42 | 0.09 | 0.34 | 0.17 | 0.35 |
| Net Debt / FCF Ratio | -0.95 | -0.51 | -0.07 | -0.25 | -0.09 | -0.15 |
| Return on Equity (ROE) | 11.29% | 12.54% | 14.52% | 19.18% | 14.49% | 14.71% |
| Return on Assets (ROA) | 0.51% | 0.57% | 0.70% | 0.95% | 0.71% | 0.74% |
| Earnings Yield | 23.08% | 19.56% | 17.33% | 15.73% | 10.75% | 11.63% |
| FCF Yield | -252.21% | -137.93% | -144.06% | -114.89% | -132.04% | -178.58% |
| Dividend Yield | 5.73% | 4.62% | 3.41% | 3.79% | 2.86% | 3.75% |
| Payout Ratio | 21.65% | 20.62% | 29.14% | 18.23% | 30.29% | 23.47% |
| Buyback Yield / Dilution | 0.00% | 0.00% | ||||
| Total Shareholder Return | 5.73% | 4.62% | 3.41% | 3.79% | 2.86% | 3.75% |