Thurgauer Kantonalbank (TKBP) AI Stock Analysis

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Thurgauer Kantonalbank

(Six Swiss:TKBP)

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Rating:64Neutral

Price Target:CHF 167.00▲(3.73% Upside)

Action:reiterated

Date:08/07/26

Mixed financials with growth offset by leverage risks weigh on the score, compounded by bearish technicals; undervaluation provides a positive offset, but volatility remains a concern.

Positive Factors

Strong ProfitabilityTKB has demonstrated a durable ability to convert banking revenue into earnings through consistently high net margins and solid operating profitability. Although margins eased in 2025, profitability remains a meaningful support for capital generation.

Negative Factors

High and Rising LeverageElevated and rising leverage reduces financial flexibility and increases TKB’s sensitivity to credit losses, funding costs and interest-rate changes. The sharp 2025 equity decline further limits the buffer available to absorb regional banking shocks.

Thurgauer Kantonalbank (TKBP) vs. iShares MSCI Switzerland ETF (EWL)

Market Cap: CHF 644.00M
Dividend Yield: 2.24%
Average Volume (3M): 2,070
Price to Earnings (P/E): 4.0
Beta (1Y): 0.20
Revenue Growth: -10.56%
EPS Growth: 3.52%
Country: Switzerland
Employees: 785
Sector: General
Sector Strength: 55
Industry: Banks - Regional

Thurgauer Kantonalbank Business Overview & Revenue Model

Company Description

Established in 1871 and headquartered in Weinfelden, Switzerland, Thurgauer Kantonalbank delivers a comprehensive suite of financial products and services. It serves a diverse clientele throughout Switzerland, including private individuals, corporati...

How the Company Makes Money

TKB earns money mainly through a bank-style mix of interest income, fees/commissions, and trading/other income. (1) Net interest income: The bank collects interest on loans—especially residential mortgages and other lending to households and business...

Thurgauer Kantonalbank Financial Statement Overview

Summary

Strong revenue growth and solid profitability are positives, but rising debt-to-equity ratio, declining stockholders' equity, and inconsistent cash flows introduce risks and moderate the score.

Income Statement

75Positive

Balance Sheet

60Neutral

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	522.20M	564.52M	409.62M	426.89M	433.21M	392.87M
Gross Profit	438.06M	400.38M	409.62M	414.43M	381.19M	373.67M
EBITDA	188.32M	187.03M	182.22M	185.03M	173.28M	169.88M
Net Income	162.97M	162.26M	158.02M	158.95M	147.85M	145.55M
Balance Sheet
Total Assets	36.14B	36.04B	35.43B	32.80B	33.29B	30.13B
Cash, Cash Equivalents and Short-Term Investments	5.87B	6.19B	6.02B	4.98B	6.14B	4.87B
Total Debt	13.11B	10.29B	8.87B	11.12B	11.63B	9.11B
Total Liabilities	33.13B	34.27B	32.60B	30.10B	30.72B	27.68B
Stockholders Equity	3.00B	1.77B	2.83B	2.70B	2.56B	2.46B
Cash Flow
Free Cash Flow	115.67M	115.67M	336.85M	-1.10B	376.23M	182.72M
Operating Cash Flow	120.74M	120.74M	340.99M	-1.09B	388.64M	196.16M
Investing Cash Flow	-1.03B	-1.03B	339.47M	-938.29M	757.51M	-524.07M
Financing Cash Flow	1.07B	1.07B	2.23B	-252.77M	121.65M	744.84M

Thurgauer Kantonalbank Technical Analysis

Technical Analysis SentimentPositive

Last Price161.00

Price Trends

50DMA160.38Positive

100DMA167.13Negative

200DMA173.31Negative

Market Momentum

MACD0.27Negative

RSI52.56Neutral

STOCH67.86Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:TKBP, the sentiment is Positive. The current price of 161.00 is above the 20-day moving average (MA) of 159.65, above the 50-day MA of 160.38, and below the 200-day MA of 173.31, indicating a neutral trend. The MACD of 0.27 indicates Negative momentum. The RSI at 52.56 is Neutral, neither overbought nor oversold. The STOCH value of 67.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:TKBP.

Thurgauer Kantonalbank Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

CH:TKBP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CH:TKBP	64Neutral	CHF 644.00M	3.95	6.83%	2.24%	-10.56%	3.52%
CH:BEKN	63Neutral	CHF 4.07B	22.41	5.89%	2.45%	-3.86%	-0.07%
CH:GRKP	59Neutral	CHF 1.94B	27.26	―	1.83%	-10.09%	16.74%
CH:ZUGER	57Neutral	CHF 3.25B	24.70	8.12%	2.04%	-10.05%	-1.35%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

CH:TKBP and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
CH:TKBP	Thurgauer Kantonalbank	161.00	7.01	4.55%
CH:BEKN	Berner Kantonalbank AG	440.00	185.45	72.85%
CH:ZUGER	Zuger Kantonalbank AG	11300.00	2684.00	31.15%
CH:BSKP	Basler Kantonalbank Partizipsch	105.40	27.80	35.83%
CH:GRKP	Graubuendner Kantonalbank	2590.00	848.96	48.76%
CH:BLKB	Basellandschaftliche Kantonalbank	1195.00	290.82	32.16%

Thurgauer Kantonalbank Corporate Events

Thurgauer Kantonalbank Announces Forthcoming Change on Bank Council

Aug 17, 2026

Thurgauer Kantonalbank announced that Dr. Susanne Brandenberger will step down from its nine-member Bank Council in May 2027 after more than a decade of service. The economist and risk specialist, who joined the body in 2016 and has chaired the Bank&...

Thurgauer Kantonalbank posts stronger first-half profit and bolsters capital

Aug 13, 2026

Thurgauer Kantonalbank reported a solid first half of 2026, with operating profit up 9.2% and half-year profit edging 0.9% higher year-on-year, underscoring sustained earnings momentum despite a cautious full-year outlook. The bank expanded its lendi...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 04, 2026

Thurgauer Kantonalbank AI Stock Analysis

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