Mutual Trust Bank’s Q1 profit rises 11%

Mutual Trust Bank PLC reported higher profits in the first quarter of 2025 as its operating profit rose.

The private commercial lender made a profit of Tk 85 crore in the January-March quarter, up 11 percent year-on-year, according to its financial statement.

The increase follows a 10 percent year-on-year growth in consolidated profit in 2024, when the bank made Tk 569.84 crore.

Its earnings per share (EPS) rose to Tk 0.87 in the January-March quarter, up from Tk 0.78 in the same period a year ago.

The bank said that its EPS increased compared to the same period last year due to an increase in profit before provision (operating profit).

However, the bank's net interest income, or profit on investments, dropped 71 percent year-on-year to Tk 51.40 crore, mainly due to a 61 percent rise in interest paid or profit shared on deposits and borrowings, which stood at Tk 659.77 crore.

Its net operating cash flow per share plunged to Tk 0.04 during the January-March quarter from Tk 14.22 in the same quarter last year.

As of March 31, 2025, sponsor-directors held 46.17 percent of the bank's shares, institutional investors 14.24 percent, foreign investors 31.97 percent, and the general public 7.62 percent.

Incorporated in 1999, Mutual Trust Bank operates 120 branches, 46 sub-branches, and 182 agent banking centres across the country, according to its website.

profits in the first quarter of 2025 as its operating profit rose. 

The private commercial lender made a profit of Tk 85 crore in the January-March quarter, up 11 percent year-on-year, according to its financial statement.

The increase follows a 10 percent year-on-year growth in consolidated profit in 2024, when the bank made Tk 569.84 crore.

Its earnings per share (EPS) rose to Tk 0.87 in the January-March quarter, up from Tk 0.78 in the same period a year ago.

The bank said that its EPS has increased compared to the same period of last year due to an increase in profit before provision (operating profit).

However, the bank's net interest income, or profit on investments, dropped 71 percent year-on-year to Tk 51.40 crore, mainly due to a 61 percent rise in interest paid or profit shared on deposits and borrowings, which stood at Tk 659.77 crore.

Its net operating cash flow per share plunged to Tk 0.04 during January-March quarter from Tk 14.22 in the same quarter last year.

As of March 31, 2025, sponsor-directors held 46.17 percent of the bank's shares, institutional investors 14.24 percent, foreign investors 31.97 percent, and the general public 7.62 percent.

Incorporated in 1999, Mutual Trust Bank operates 120 branches, 46 sub-branches and 182 agent banking centres across the country, according to its website.