Mitihoon – TMBThanachart Bank Public Company Limited (ttb) has notified the Stock Exchange of Thailand (SET) the resolutions passed at its Board of Directors (BoD) meeting. The notification highlights the progress on 3 key initiatives under the Bank’s capital management plan. These include the BoD’s approval of the 3rd share repurchase program together with the endorsement the proposed 2025 dividend payment and the expansion of the share repurchase program. The latter two agendas will be submitted for approval at the Annual General Meeting (AGM) on 21 April 2026.
Mr. Piti Tantakasem, CEO of ttb, stated, “At the Board of Directors meeting on 17 February 2026, the Bank received approval to proceeds with 3 key initiatives under the Bank’s capital management plan, aimed at enhancing shareholder returns.
The first initiative is the launch of the 3rd share repurchase program, following the early completion of the 2nd round. This acceleration allows the Bank to shorten the overall project timeline by bringing forward the THB 21,000 million buyback from 2027 to 2026. With the Board’s approval, the Bank will utilize the remaining THB 9,614 million from the first two programs to repurchase shares starting from 20 February 2026 to 19 August 2026 through Automated Order Matching via the SET trading system. This initiative underscores the Bank’s effective execution of its capital management plan, considering best interests of shareholders.
The next two are resolutions to be proposed for approval at the AGM on 21 April 2026. These include the request for approval for dividend payment from the Bank’s 2025 operating results at a Dividend Payout Ratio (DPR) of 60% of net profit. While the Bank maintained a stable DPR from the previous year, the Dividend Per Share (DPS) has increased. This reflects a benefit from the successful completion of the first two share buyback programs which was able to repurchase 5,783 million shares in total.
The preliminary dividend per share shall be in the range of THB 0.068–0.071. When combined with the interim dividend of THB 0.066 per share paid in October 2025, the total dividend for year 2025 is expected to be approximately THB 0.134-0.137 per share, an increase from THB 0.13 per share paid in 2024. This represents an attractive dividend yield of around 6–7%.
The Bank will announce the final dividend on 31 March 2026, incorporating the impact of the reduction in number of shares following the upcoming 3rd buyback. The ex dividend (XD) date is set for 27 April 2026, and the cash dividend will be paid on 20 May 2026.
Based on the projected capital levels after completing all three share repurchase programs with THB 21,000 million budget and the 2025 dividend payment, the Bank’s capital adequacy ratio (CAR) is expected to remain strong at over 19%. This level is comparable to other D-SIB banks and remains significantly above the Bank of Thailand’s minimum requirement of 12.0%.
Such a robust capital position together with a high level of unappropriated retained earnings of approximately THB 12,300 million provide the Bank flexibility in executing its capital management plan. This is the rationale behind the expansion of the share repurchase program. The Bank plans to increase the buyback budget from THB 21,000 million to THB 35,000 million and extend the project timeline from 3 years to 4 years, covering 2025–2028.
With the expanded budget of THB 35,000 million, the total number of repurchased shares is estimated to represent approximately 18% of the Bank’s total paid up shares. To ensure transparency and provide comprehensive information to shareholders and investors, the Bank is therefore seeking approval from the AGM, although the expansion of the program is not considered a transaction that legally requires shareholder approval. The Bank will also proceed with the necessary steps to obtain approval for the expanded share repurchase plan from the relevant regulatory authorities.”
Mr. Piti Tantakasem concluded, “Amid ongoing economic uncertainty, ttb remains committed to maintaining a high dividend payment. Alongside enhancing shareholder returns through the share repurchase program, the Bank continues to pursue additional initiatives to optimize its capital structure and maximize shareholder value. At the same time, we emphasize maintaining a strong capital position to support future business growth and loan expansion. The Bank remains focused on quality loan growth, including government targeted lending under programs such as SME Credit Boost, reflecting our efforts to contribute to and accelerate Thailand’s economic recovery.”
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