Kasikornbank (KBank) and Bank of Ayudhya (BAY) reported a stronger net profit for 2014, while Thanachart Capital posted lower earnings.
KBank, the country's fourth-largest lender by assets, delivered a 11.7% surge in its unaudited 2014 net profit to 46.2 billion baht, though the bank set aside a 21.3% higher loan-loss provision than the previous year's at 14.2 billion.
Robust non-interest and interest income contributed to the bank's stunning bottom line, KBank said in a release.
KBank's interest income jumped by 14.2% to 83.1 billion baht, while non-interest income rose by 16.8% to 55.5 billion.
Net interest margin (NIM) in 2014 improved to 3.85%, the bank said without providing a comparative figure.
KBank's loans outstanding at the end of 2014 were up 6.12% at 1.53 trillion baht.
Gross non-performing loans (NPLs) rose slightly to 2.24% of the loan portfolio from 2.11% at the end of 2013.
In the October-December quarter, KBank's net profit was 9.97 billion baht, down 20.4% from a year earlier.
BAY, 76.88%-owned by Japan's Mitsubishi UFJ Financial Group, saw its 2014 net profit rise by 19.5% to 14.2 billion baht, thanks to higher non-interest and interest income and a reduced loan-loss provision.
Thailand's fifth-largest lender by assets chalked up a 6.7% increase in interest income to 47.9 billion baht as non-interest income rose by 3.1% to 14.8 billion.
BAY's 2014 NIM stood at 4.32%, beating the 4.2% target, the bank said in a filing with the Stock Exchange of Thailand.
Its lending at the end of 2014 was up 7.3% — above the 7% target but well below 2013's 13.7% growth — at 1.01 trillion baht.
Loan-loss provision fell by 4.5% to 18.11 billion baht.
BAY's NPLs rose to 2.79% of the loan portfolio at the end of 2014 from 2.67% at year-end 2013.
The bank's net profit nearly quadrupled to 3.97 billion baht in the fourth quarter against the year-earlier period.
Thanachart Capital's consolidated net profit plunged 80% to 5.12 billion baht, largely due to lower non-interest income and a higher loan-loss provision, the company said in a filing with the SET.
Non-interest income fell by 7.71% to 11.8 billion baht in 2014. Interest income rose by 3.66% to 27.6 billion baht.
Loan-loss provision surged by 16.4% to 7.12 billion baht.
NPLs fell to 4.09% of loans outstanding from 4.49% at the end of 2013.
KBANK shares closed yesterday on the SET at 222 baht, down two baht, in trade worth 1.25 billion baht.
BAY shares closed at 62.75 baht, up 75 satang, in trade worth 89 million baht, while TCAP shares closed at 33.50 baht, up 75 satang, in trade worth 64 million baht.