EarningsQ2 2026 Earnings Report
TBCCF Q2 2026 EPS Results
Actual EPS―
Consensus EPS―
Beat/Miss―
One Year Ago EPS―
TBCCF Q2 2026 Revenue Results
Actual Revenue$623.98M
Expected Revenue$912.00M
Beat/MissMissed by -$288.02M
YoY Revenue Growth+14.34%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
TBCCF Upcoming Earnings
TBC Bank's next earnings date is estimated for November 6, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive operating and financial performance: strong profitability, robust loan and deposit growth led by Georgia, improving margins, solid capital and dividend increases, digital and payments momentum, and strategic expansion in Uzbekistan (OLX). However, meaningful challenges remain concentrated in Uzbekistan—elevated NPLs, higher near‑term cost of risk (expected to peak in Q3), portfolio contraction and regulatory uncertainty—plus a group‑level decline in digital MAU. On balance the company demonstrates resilient core earnings and clear plans to address Uzbekistan stresses, so positives outweigh the negatives.Company Guidance
Strong Profitability
Group net profit of GEL 386m in Q2, up 12% year‑on‑year; first half net profit GEL 751m, up 13% year‑on‑year. Return on equity of 23.6% in Q2 and 23.5% for H1, maintaining the 14th consecutive quarter above 23% and in line with the 23%+ 2026–2028 target.
Revenue and Margin Improvements
Total operating income increased 10% year‑on‑year. Net interest income rose 13% year‑on‑year in Q2 (Georgia NII up 19% y/y). Group net interest margin was 7.1% in Q2, slightly higher than Q1, with consecutive margin improvement in Georgia.
Loan and Deposit Growth
Gross loans grew 12% year‑on‑year on a constant currency basis; Georgia loans grew 14% y/y. Customer deposits increased 15% year‑on‑year on a constant currency basis.
Retail Momentum in Georgia
Unsecured consumer loans in Georgia increased 36% year‑on‑year, supporting retail market share gains (affluent retail >50% share in loans and customers; CIB 44% market share). Georgia added over 50,000 digital monthly active users in Q2.
Digital and AI Recognition
Group digital MAU of 7.2 million (see lowlight on y/y change) with Georgia digital engagement strong (Georgia digital MAU reported up ~19% with DAU/MAU ratio at 50%). Euromoney recognized TBC as Best Digital Bank in Georgia (2026) and Best Digital Bank in Uzbekistan & Central Asia; in‑app chatbot handles >6,500 customer calls/day with 60% resolved without contact centre intervention.
Uzbekistan Payments and Cards Growth
In Uzbekistan, Salom card issuance more than doubled y/y to >1.2m; Osmon credit cards surpassed 210,000. Credit cards now account for ~10% of the Uzbekistan loan book (up from 4% a year ago). Total payment volume in H1 reached GEL 3.2bn, up 54% y/y; fee and commission income in Uzbekistan rose 15% quarter‑on‑quarter in Q2.
Strategic M&A and Ecosystem Expansion
Completed acquisition of OLX Uzbekistan in late July; OLX has >5m monthly users, expected to drive leads, payments and financial services distribution for TBC Uzbekistan.
Capital and Shareholder Returns
Robust capital position comfortably above regulatory minimums in both jurisdictions. Board declared Q2 dividend of GEL 1.75 per share (total H1 dividends GEL 3.5 per share), an 8% increase year‑on‑year.
Efficiency Gains
Cost‑to‑income ratio improved, falling by almost 2 percentage points quarter‑on‑quarter to about 38.3%–38.8%, reflecting tighter cost control across Georgia and Uzbekistan.
Stable Group Cost of Risk
Group cost of risk was 1.6% in Q2 and 1.5% for H1, consistent with 2025 performance; Georgia cost of risk remained low at ~70 bps in Q2. Uzbekistan provisioning coverage remains solid (NPL coverage ~114%).
TBCCF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed