Public Bank Bhd · MYX:PBBANK
Public Bank Bhd — Q1 2026 Earnings Presentation
20 slides from Public Bank Bhd's earnings presentation, March 2026
Slide 1: Investor Presentation: March 2026 Financial Results
Investor Presentation March 2026 Financial Results www.publicbankgroup.com
Slide 2: Financial Highlights
Profit before tax (RM’bil) ▪ 1Q2026 earnings contributed by loan and deposit growth as well as non- ↑0.1% ↓5.3% interest income 2.31 2.32 2.44 ▪ Loans and deposits increased by annualised rates of 5.7% and 5.3% 2.32 respectively Q1 2026 Q1 2025 Q1 2026 Q4 2025 Q1 2026 ▪ Commendable net return on equ
Slide 3: Income Statement
Income Statement (RM’mil) Q1 2025 Q1 2026 y-o-y Q4 2025 q-o-q Net interest / financing income* 2,803.9 2,823.9 0.7% 2,858.0 -1.2% Non-interest / non-financing income* 796.7 825.9 3.7% 860.2 -4.0% Profitability Net income 3,600.6 3,649.8 1.4% 3,718.2 -1.8% Other operating expenses (1,259.5) (1,295.1)
Slide 4: Net Interest Income & Margin
2.26 2.18 2.21 2.15 2.21 2.19 2.24 2.21 2.19 2.18 2.10 2.12 2.11 Net Interest Net Interest and Finance Income (RM'mil) Net Interest Margin (%) Income & 2,635 2,708 2,804 2,824 Margin Net interest / financing income grew 0.7%, while NIM declined amid intense Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 mar
Slide 5: Non-Interest Income
(RM’mil) Composition Q1 2025 Q1 2026 y-o-y Q4 2025 q-o-q Net fee and commission 543.0 542.1 -0.2% 592.0 -8.4% Of which: - Unit trust income 40% 310.9 331.5 6.6% 352.1 -5.8% Non- - Fee & commission income 21% 185.9 173.6 -6.6% 205.6 -15.6% Interest - Stockbroking income 4% 46.2 37.0 -19.9% 34.3 8.0%
Slide 6: Segmental Profit
Profit before tax by Operating Segments (RM’mil) Composition Q1 2025 Q1 2026 y-o-y Q4 2025 q-o-q Retail operations 45% 1,085.2 1,049.6 -3.3% 1,279.3 -18.0% Segmental Hire purchase 9% 197.1 196.5 -0.3% 127.1 54.7% Profit Fund management 9% 208.0 216.5 4.1% 226.1 -4.3% Corporate lending 8% 193.4 177.4
Slide 7: Retail Operations
Retail Operations (RM’mil) Q1 2025 Q1 2026 y-o-y Net interest income 1,551.0 1,509.9 -2.7% Non-interest income 216.3 229.4 6.1% Retail Net income 1,767.3 1,739.3 -1.6% Operations Other operating expenses (668.0) (650.9) -2.6% Allowance for impairment on loans and other assets (14.1) (38.8) >100% Pro
Slide 8: Hire Purchase and Corporate Lending
Hire Purchase Corporate Lending (RM’mil) Q1 2025 Q1 2026 y-o-y (RM’mil) Q1 2025 Q1 2026 y-o-y Net interest income 299.2 303.4 1.4% Net interest income 146.2 135.1 -7.6% Non-interest income (0.1) 0.1 >100% Hire Net income Non-interest income 6.7 7.0 4.4% 299.1 303.5 1.5% Net income 152.9 142.1 -7.0%
Slide 9: Wealth Management
Public Mutual Berhad Profit Before Tax (RM’mil) Net Asset Value of Funds Under Management (RM’bil) 106.3 Retail Market 102.0 103.8 Share: Wealth 22.3 25.8 26.4 43.2%* Of which: Unit Trust Business Management 214.6 208.0 216.5 NAV - Other Funds 79.7 80.5 77.4 NAV - Equity Funds Public Mutual’s PBT re
Slide 10: Other Operating Expenses
(RM’mil) Composition Q1 2025 Q1 2026 y-o-y Q4 2025 q-o-q Personnel costs 74% 932.4 952.2 2.1% 906.7 5.0% Establishment costs 17% 208.8 223.3 7.0% 262.9 -15.1% Other Marketing expenses 3% 29.6 39.8 34.5% 40.5 -1.6% Operating Administration and general expenses 6% 88.7 79.8 -10.0% 91.0 -12.2% Expenses
Slide 11: Loan Growth: Gross Loan in Domestic Operations
Loans – Outstanding Balance and Market Share Loans – By Segment 17.7% 17.8% 17.8% Others, Group Loan (RM'bil) 424.2 445.8 452.1 <1% Overseas 397.7 421.0 427.7 Operations, Loan Domestic Loan (RM'bil) 5% Mar-26 Corporate Growth Domestic Loan Market Share Lending, RM452.1 bil 10% Retail 2024 2025 Mar-2
Slide 12: Asset Quality
Domestic Operations Residential properties Transport vehicles Group Gross Impaired Loans 0.5% 0.5% 0.3% 0.3% 0.3% Industry: 0.2% 0.2% 0.2% Industry: Pre-pandemic: 1.10% 0.61% 0.5% 0.5% 0.5% 0.5% 617 563 544 521 234 191 200 162 Industry: 0.4% Industry: 1.51% 0.4% 0.4% 1.40% 2019 2024 2025 Mar-26 2019
Slide 13: Deposit Growth: Total Deposit in Domestic Operations
Deposit – Outstanding Balance and Market Share Deposit – By Type Money 16.5% 16.4% 16.5% Market Fixed 433.3 447.1 453.1 Deposit and Deposit, Others, 15% Mar-26 57% Group Deposit (RM'bil) 419.0 424.4 RM453.1 bil 403.5 Deposit Domestic Deposit (RM'bil) Demand Deposit, 17% Savings Deposit, 11% Growth D
Slide 14: Capital & Liquidity Position
Capital Adequacy Liquidity Risk Indicators Industry Total capital: 17.6% 17.6% 17.6% Industry 18.0% 17.0% 650.0 95.6% 95.3% 16.6% 16.4% 92.9% 94.3% LTF: 91.4% 82.6% Industry 16.0% Capital & 14.6% 14.7% 14.2% 13.9% 13.7% Tier I: 550.0 14.7% Industry 14.0% 14.7% Liquidity 14.6% 14.2% 13.9% 13.7% 450.0
Slide 15: Capital Plan and Benefit of Capital Return
3-Year 1 Expected impact from Basel III Reform about 1% on capital 2 Benefit of Capital Return Capital Optimise capital while Operational Annual Plan Dividend Payout providing Capital Flexibility to support continued ≈ 60% business growth Additional Capital Return Expected ROE via Special Dividend e
Slide 16: Business Delivery Channel
2024 2025 Mar-26 Malaysian Operations Public Bank - Domestic 260 260 260 - Overseas 3 3 3 Public Islamic Bank 4 4 4 Business Public Mutual 28 28 28 Delivery Public Investment Bank 1 1 1 Channel Lonpac Insurance 22^ 22^ 22^ Hong Kong & China Operations Public Finance 40 40 40 Public Bank (HK) - Hong
Slide 17: Strategic Direction
Strategic Direction CORPORATE MISSION To sustain the position of being the most efficient, profitable and respected premier financial institution in Malaysia Strategic Thrusts (STs) Sustainable Shareholder Return Superior Customer Experience SEEN Digital Transformation Employee Wellbeing and Develop
Slide 18: Appendix: Profitability, Shareholder Value and Key Balance Sheet Data
RM’mil 2019 2022 2023 2024 2025 Mar-26 Operating profit 7,283 9,203 8,678 9,183 9,566 2,355 Profitability Profit before tax 7,134 8,831 8,539 8,932 9,543 2,315 Net profit 5,512 6,119 6,649 7,147 7,224 1,752 Appendix Shareholder Earnings per share (sen) Net assets per share (RM) 28.39 2.25 31.53 2.59
Slide 19: Appendix: Key Financial Ratios
% 2019 2022 2023 2024 2025 Mar-26 Industryb Net interest margin on yielding assets 2.15 2.39 2.20 2.21 2.15 2.11 N/A Net return on equity+ 13.6 12.8 13.0 13.2 12.8 12.0 N/A Profitability Pre-tax return on average assets 1.7 1.8 1.7 1.7 1.7 1.6 1.5 Ratios Cost to income ratio 34.4 31.5 33.7 34.5 34.9
Slide 20: Investor Relations Contact
Investor Relations Contact Ms. Chang Siew Yen Ms. Yik Sook Ling Deputy Chief Executive Officer Chief Financial Officer +(603) 2176 7461 +(603) 2176 6186 changsiewyen@publicbank.com.my yiksookling@publicbank.com.my Mr. Chong Soo Loong Head Office General Manager, Corporate Planning, Menara Public Ban