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Turkiye Garanti Bankasi AS (TKGBY)
OTHER OTC:TKGBY
Earnings Data
Report Date
Apr 29, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.21Last Year’s EPS
0.16Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive picture: strong profitability, robust loan and deposit growth, improving NIM trends, solid capital and liquidity buffers, and standout fee momentum. Key risks include elevated and front-loaded operating expenses, some deterioration in asset-quality metrics concentrated in retail/credit card portfolios, one-off provisioning/tax dynamics that depress reported quarterly results, and regulatory/macroprudential constraints that could limit near-term growth or fee normalization. Management presented conservative guidance and emphasized buffers and active funding management to mitigate risks.Company Guidance
Strong Profitability and ROE
Cumulative net income of TRY 111 billion in 2025, up 21% year-on-year, delivering a 29% ROE for the year (approximately 30% ROE excluding a tax-regulation one-off impact). Management emphasized continued ROE above the sector average.
Robust Core Banking Revenues
Core banking revenues reached TRY 300 billion (management noted the highest level among peers). Core banking revenues grew for eight consecutive quarters and increased 11% quarter-on-quarter in 4Q driven mainly by higher net interest income.
Net Interest Margin and NII Strength
Net interest margin recovered by c.60 basis points in 4Q to 5.4%. Net interest income (including swap cost) doubled year-on-year, implying approximately 1.2 percentage points annual margin expansion versus prior year. Management guidance targets a further NIM expansion of around 75 basis points in 2026.
Rapid TL Loan Growth and Asset Mix
TL loans reached TRY 1.7 trillion. TL lending grew 10% quarter-on-quarter in 4Q and 45% for the full year 2025 (above operating plan guidance). Performing loans now represent ~58% of assets, reflecting a customer-driven, higher-yielding asset mix.
Strong Deposit Franchise and Funding Composition
Total customer deposits exceeded TRY 3 trillion, comprising 69% of total assets. TL deposit market share among private peers rose to 21%. Demand deposits represent 41% of total deposits, supporting margin resilience.
Solid Capital and Liquidity Buffers
Consolidated CET1 ratio of 13.1% and capital adequacy ratio of 17.5% (without BRSA forbearance). Management reported TRY 179 billion of excess capital and a strong foreign-currency liquidity buffer of $7.1 billion against total external debt of $9.8 billion (short-term portion $3.5 billion).
Fee Income Momentum and Market Positions
Fee base grew c.50% year-on-year. Payment systems fees were the main driver, with the bank ranked number one in money transfer fees and in both life and non-life insurance fees. Mutual fund market share rose by 1.3 percentage points to 11.6%.
Successful Wholesale Funding and Sustainability-linked Issuances
Two new transactions in 2025 brought subordinated bond issuance to $2.45 billion over two years (largest in recent years). The bank issued Türkiye's first Biodiversity and Blue-Themed Bond and secured a syndicated loan with diversified maturities (including a 3-year tranche and a 2-year tranche).
Operating Plan Guidance
2026 targets: TL loan growth 30–35%, FX loan growth mid-single digits, fee growth 30–35%, net cost of risk normalizing to 2.0–2.5%, NIM expansion ~75 bps, and a targeted mid-single-digit positive real ROE (management expects real ROE to turn positive in 2026).
Efficiency Investment with Coverage by Fees
Operating expenses grew 67% in 2025 due to customer acquisition and investments (including AI/digital transformation). Management expects a large portion of the OpEx base (bank-only) to be covered by fee income (~80–85%) and forecasts cost-to-income to moderate toward ~40% over time as inflation declines and efficiencies materialize.
TKGBY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TKGBY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $3.79 | $3.71 | -2.13% |
Oct 30, 2025 | $3.05 | $3.10 | +1.51% |
Jul 30, 2025 | $3.43 | $3.51 | +2.42% |
Apr 28, 2025 | $2.67 | $2.64 | -1.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Turkiye Garanti Bankasi AS (TKGBY) report earnings?
Turkiye Garanti Bankasi AS (TKGBY) is schdueled to report earning on Apr 29, 2026, TBA (Confirmed).
What is Turkiye Garanti Bankasi AS (TKGBY) earnings time?
Turkiye Garanti Bankasi AS (TKGBY) earnings time is at Apr 29, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TKGBY EPS forecast?
TKGBY EPS forecast for the fiscal quarter 2026 (Q1) is 0.21.