According to data compiled from the third quarter’s financial statements of 27 listed banks, the industry's average earnings per share (EPS) index for the last 4 quarters reached VND 2,381.2 at the end of the third quarter, down 7.7% compared to the end of 2022.
In particular, Vietcombank continues to maintain its leading position with EPS in the last 4 quarters reaching VND 7,101, up 12.4% compared to the end of last year. According to the third quarter of 2023’s financial report, Vietcombank recorded profit after tax of VND 23,694 billion in the first 9 months of the year, an increase of 18.6% over the same period.
Techcombank is the runner-up with EPS reaching VND 4,864, down 15.1% compared to the end of last year. In the first 9 months of the year, this bank's profit after tax decreased by 18.7% to more than VND 13,709 billion.
ACB ranks third with EPS for the most recent 12 months at the end of the third quarter reaching VND 4,414, an increase of 8.9%. In the first three quarters of this year, this bank recorded a profit after tax of VND 12,038 billion, an increase of 11.3% over the same period, making it one of the banks with high profit growth in the industry.
The other banks in the top 10 banks with the highest EPS are MB, BIDV, Sacombank, VietinBank, VIB, TPBank and HDBank, respectively. Compared to the second quarter, the rankings saw a significant disturbance when the Big4 group and large joint stock banks such as MB, ACB or Sacombank continued to maintain persistent profits, while the remaining witnesses weakened profits.
Sacombank recorded the fastest increase in EPS, 43.1% higher than the beginning of the year. For the first 9 months of the year, this bank's profit after tax increased by 66%, reaching VND 5,460 billion, the highest in the banking industry.
Meanwhile, ABBank and Ban Viet saw their EPS drop with the most rapid speed, at 61.3% and 79.5% respectively after continuing to report poor business results.
When considering the P/E ratio (measurement between market price and earnings per share), as of the end of the third quarter, VPBank shares reached a ratio of 14.16 times, the highest among large-scaled banks and significantly higher than the industry average (8.6 times). The bank with the lowest P/E is MB, reaching 4.4 times at the end of the third quarter and 4.4 times on November 11.
Compiled by VietnamCredit