Garanti BBVA's first quarter results show strong financial performance with significant growth in net income, core banking income, and market share in loans and deposits. Despite these positive trends, challenges remain in managing inflation expectations and NPL ratios, with deferred margin recovery and higher risk costs posing concerns.

Company Guidance

During Garanti BBVA's first quarter 2025 financial results webcast, the management provided detailed guidance on several key metrics. GDP growth for Turkey is expected to be 3.5% for the year, with inflation revised up to 31% due to market volatility and potential food price uncertainties. The current account deficit to GDP is projected to worsen slightly to 1.5%, while the budget GDP forecast remains at 3.5%. Garanti BBVA reported a net income of TRY 25.4 billion, marking a 13% year-over-year growth, and a robust return on equity of 30.5%. The core net interest income surged by 68% quarter-on-quarter, driven by declining funding costs and resilient loan yields. The non-performing loan ratio rose slightly to 2.6%, and the net cost of risk for the first quarter was 1.4%, better than the year-end guidance of 2% to 2.5%. The bank's deposit share in assets increased to 74%, with notable growth in TL deposits, supported by a 1.1% market share gain among private banks. Despite potential downside risks to net interest margins due to current market conditions, the bank maintains its low-30s return on average equity guidance for the year.

Solid Financial Performance

Garanti BBVA reported a net income of TRY 25.4 billion, marking a 13% year-over-year growth, with a robust ROE at 30.5%.

Core Banking Income Surge

Core NII surged by 68% Q-on-Q due to declining funding costs and resilient loan yields, contributing to a core banking revenues to assets ratio reaching 7.9%.

Lending and Market Share Growth

TL loans grew by 7% to TRY 1.2 trillion, with significant market share gains in consumer, SME loans, and deposits, especially from retail.

Strong Digital Penetration

Digital customer base reached 17 million, enhancing fee growth through increased customer acquisition and penetration.

Turkiye Garanti Bankasi Anonim Sirketi 144A (TKGZY) 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

Daily Earnings Calendar >

TKGZY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	- / -	0.157	―	―	―
Jul 30, 2025	2025 (Q2)	- / 0.17	0.161	6.21% (+0.01)
Apr 28, 2025	2025 (Q1)	- / 0.17	0.172	-4.07% (>-0.01)
Jan 29, 2025	2024 (Q4)	- / 0.17	0.243	-29.22% (-0.07)
Oct 30, 2024	2024 (Q3)	- / 0.16	0.21	-25.24% (-0.05)
Jul 30, 2024	2024 (Q2)	- / 0.16	0.206	-21.84% (-0.04)
Apr 29, 2024	2024 (Q1)	- / 0.17	0.194	-11.34% (-0.02)
Jan 29, 2024	2023 (Q4)	- / 0.24	0.252	-3.57% (>-0.01)
Oct 30, 2023	2023 (Q3)	- / 0.21	0.232	-9.48% (-0.02)
Jul 27, 2023	2023 (Q2)	- / 0.21	0.194	6.19% (+0.01)

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

TKGZY 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	$3.79	$3.77	-0.53%
Oct 30, 2024	$3.21	$3.16	-1.56%

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 Anonim Sirketi 144A (TKGZY) report earnings?

Turkiye Garanti Bankasi Anonim Sirketi 144A (TKGZY) is schdueled to report earning on Oct 30, 2025, TBA (Confirmed).

What is Turkiye Garanti Bankasi Anonim Sirketi 144A (TKGZY) earnings time?

Turkiye Garanti Bankasi Anonim Sirketi 144A (TKGZY) 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 TKGZY EPS forecast?

Currently, no data Available

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing