Garanti BBVA's first quarter results indicate strong financial performance with significant gains in net income, core banking income, and market share. However, challenges such as revised higher inflation estimates, a worsening current account deficit, and potential risks in cost of risk and NIM expansion present areas of concern.

Company Guidance

In the call, Garanti BBVA provided guidance on several key financial metrics for 2025. The bank anticipates a GDP growth of 3.5% for Turkey, with year-end inflation expected to be 31%, revised up from an earlier estimate of 29%. The current account deficit to GDP is projected to worsen slightly to 1.5%. The bank's net income reached TRY 25.4 billion in the first quarter, marking a 13% year-over-year increase, with a robust return on equity (ROE) of 30.5%. Despite a challenging environment, the bank's core net interest income (NII) surged by 68% quarter-on-quarter, and net fees grew by 4% in the same period. The non-performing loan (NPL) ratio rose slightly to 2.6%, with total coverage levels at 3.6%. The bank maintained its year-end guidance for the net cost of risk at 2% to 2.5%, despite a favorable first quarter performance of 1.4%. Garanti BBVA's capital adequacy ratio remains strong, supported by a substantial TRY 105 billion excess capital. The bank also reaffirmed its low-30s ROAE guidance for the year.

Strong Net Income and ROE

Garanti BBVA reported a net income of TRY 25.4 billion for the first quarter, representing a 13% year-over-year growth with a robust return on equity of 30.5%.

Surge in Core Banking Income

Core net interest income surged by 68% quarter-on-quarter due to declining funding costs and resilient loan yields, highlighting the sustainable nature of the bank's profitability.

Market Share Gains in Deposits

The bank gained 1.1% market share in TL deposits among private banks, reaching a 22% market share, driven largely by retail deposits.

Resilient Asset Quality

The NPL ratio rose slightly to 2.6%, with total coverage levels remaining healthy at 3.6% compared to the NPL ratio.

Robust Digital Penetration

The number of digital customers reached 17 billion, reinforcing the fee base and driving growth in customer acquisition and penetration.

Turkiye Garanti Bankasi AS (TKGBY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TKGBY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.16 / -	0.154	―	―	―
Jul 30, 2025	2025 (Q2)	0.15 / 0.16	0.156	4.49% (<+0.01)
Apr 28, 2025	2025 (Q1)	0.17 / 0.16	0.164	-4.27% (>-0.01)
Jan 29, 2025	2024 (Q4)	0.17 / 0.17	0.231	-25.54% (-0.06)
Oct 30, 2024	2024 (Q3)	0.15 / 0.15	0.193	-20.21% (-0.04)
Jul 30, 2024	2024 (Q2)	0.15 / 0.16	0.002	7700.00% (+0.15)
Apr 29, 2024	2024 (Q1)	0.14 / 0.16	0.158	3.80% (<+0.01)
Jan 29, 2024	2023 (Q4)	0.18 / 0.23	0.245	-5.71% (-0.01)
Oct 30, 2023	2023 (Q3)	0.19 / 0.19	0.002	9550.00% (+0.19)
Jul 27, 2023	2023 (Q2)	0.09 / <0.01	0.002	0.00% (0.00)

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
Jul 30, 2025	$3.43	$3.51	+2.33%
Apr 28, 2025	$2.67	$2.64	-1.12%
Jan 29, 2025	$3.69	$3.67	-0.54%
Oct 30, 2024	$3.13	$3.08	-1.60%

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 Oct 30, 2025, TBA (Confirmed).

What is Turkiye Garanti Bankasi AS (TKGBY) earnings time?

Turkiye Garanti Bankasi AS (TKGBY) earnings time is at Oct 30, 2025, 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 2025 (Q3) is 0.16.

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