TBC Bank Group PLC Q3 2026 Earnings Recap

TPC’s shares rose 11.8% after earnings, with investors responding to record quarterly net profit, double-digit top-line growth and continued loan growth, alongside capital returns. Performance was led by Georgia; Uzbekistan’s loan book returned to quarterly growth but remains in portfolio recalibration.

Key Takeaways

• Group net profit reached a record GEL 404 million, up 10% year-on-year; return on equity was 23.2%.
• Net interest income and a further increase in net interest margin supported 10% year-on-year top-line growth. Asset quality was stable, with the NPL ratio at 3.3% and cost of risk down 0.3 percentage points to 1.3%.
• Georgia remained the main earnings engine: net profit grew 17% year-on-year, loans rose 18% on a constant-currency basis, and return on equity was 24.8%.
• Uzbekistan loans increased 3% quarter-on-quarter; excluding instant cash loans, the portfolio grew 13%. Instant cash loans still made up 53% of the loan book.
• The Board approved a GEL 1.75-per-share third-quarter dividend and a GEL 50 million share buyback and cancellation program.