Most leading securities firms continue to recommend buying or gradually accumulating Bangkok Bank shares, even though second-quarter 2026 earnings came in below expectations. Net profit reached 9.5 billion baht, down 13.6 to 14 percent from the previous quarter and down 19.8 to 20 percent from a year earlier. Analysts highlight the bank's loan loss reserves as the strongest in the banking group, with a coverage ratio of 290 to 306 percent, while provisioning expenses eased to 1.26 to 1.30 percent. They also forecast a 2026 dividend of 10 baht per share, representing a yield of around 4.3 to 5.0 percent, and note that the current share price trades at just 0.6 to 0.65 times book value, below the sector average. However, concerns remain over surging operating expenses, a softer net interest margin, and non-performing loans rising to 3.3 to 3.9 percent.
Bangkok Bank PCLQ2 profit fell but analysts remain positive due to strong reserves, high dividend yield, and low valuation; mixed signals.