Sacombank (STB) posted third-quarter 2026 pre-tax profit of VND 1,757 billion, down 52% year on year, and after-tax profit of VND 1,347 billion, down 53.6%. The main cause was a surge in credit loss provisions to VND 5,729 billion, about 5.5 times the year-earlier level, while net interest income fell 33.6% to VND 5,228 billion. Net service income rose more than sixfold to VND 4,255 billion and partly offset the drop, while the bank said narrower margins on preferential lending programs were a way to share benefits with businesses. As of September 30, 2026, consolidated total assets reached about 1.057 million billion VND, making Sacombank the fifth private bank to pass 1 million billion VND, after VPBank, Techcombank, ACB and HDBank. Bad debts continued to rise, with the ratio at about 7.33% of total loans, up from about 6.41% at the start of the year.
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Original headline: Bất ngờ lớn tại Sacombank: Ngân hàng tư nhân thứ 5 của Việt Nam vượt mốc tài sản 1 triệu tỷ đồng
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STBbanksearningsnon-performing loans
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Related tickers and likely impact
STB
▲ Likely positiveSaigon Treasure Bank
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 127,441 bn VND |
| P/E | 41.4 |
| P/B | 2.03 |
| Close on 10/27/2026 | 67.40 |
| Change that session | -0.30% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- A Major Surprise at Sacombank
Sacombank (STB) became the fifth private bank to surpass 1 million billion VND in total assets, reaching about 1.057 million billion VND as of 30/9/2026. Third-quarter pre-tax profit fell 52% to 1,757 billion VND, mainly because credit risk provisioning expenses surged to 5,729 billion VND, about 5.5 times the year-earlier level, while net interest income dropped 33.6%. Net service income rose sharply to 4,255 billion VND, partly offsetting that decline. Bad debt rose to 51,367 billion VND, or about 7.33% of total outstanding loans, up from about 6.41% at the start of the year. For the first nine months, after-tax profit reached 4,278 billion VND, down about 50.8%.
- More than 1,000 employees leave a Vietnamese bank, accounting for nearly 30% of total headcount
According to Kienlongbank's consolidated Q3 2026 financial statements, the bank and its subsidiary had 2,596 employees as of September 30, down 1,078 (29.3%) from the end of Q2, mainly due to a 786-person drop at the parent bank. Average monthly income per employee rose to about 25 million VND from 23 million a year earlier, as headcount fell faster than the payroll fund. Total assets reached 115,968 billion VND and customer deposits 81,827 billion VND, up 12.3% and 13.6% from the start of the year, while loans grew only 1.1% in Q3 alone. Non-performing loans rose 16.7% to 1,557 billion VND, lifting the NPL ratio to 1.98%. Nine-month pre-tax profit reached 1,713 billion VND, up 11.5% year on year, though Q3 profit fell 12.7% from a year earlier.
- Over 1,000 employees leave a bank, accounting for nearly 30% of total workforce
As of 30 September 2026, Kienlongbank (HOSE: KLB) and its subsidiary had 2,596 employees, down 1,078 (29.3%) from the end of Q2; the parent bank alone cut 786 staff in Q3. Average income per employee rose to about VND 25 million a month from VND 23 million a year earlier, as headcount cuts came alongside a network restructuring. Total assets reached VND 115,968 billion, up 12.3% from the start of the year, but customer loans grew only 1.1% in Q3. Non-performing loans rose 16.7% to VND 1,557 billion, lifting the NPL ratio to 1.98%. Nine-month pre-tax profit reached VND 1,713 billion, up 11.5%, but Q3 profit fell 12.7% year on year.
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Saigonbank (SGB) reported a Q3 2026 pre-tax profit of only 17.8 billion dong, down 78.7% year on year, as interest expenses rose faster than interest income and credit loss provisions jumped to 42.7 billion dong, roughly 3.9 times higher. Net interest income grew just 2.1% to 201.7 billion dong, operating expenses rose 14.4% to 184.3 billion dong, and non-interest income lines all declined. For the first nine months, pre-tax profit was 65.9 billion dong, down 74.4%, equal to about 21% of the bank's full-year pre-tax target of 310 billion dong. As of September 30, 2026, total assets were 35,373 billion dong, customer loans fell 1% to 21,754.6 billion dong, and customer deposits fell 4.4% to 25,171.5 billion dong, while bad debt rose 2.6% from the start of the year to 666.4 billion dong, or 3.06% of loans.
- South Plains Financial ( SPFI ) Q3 2026 Earnings Call Transcript
South Plains Financial (SPFI) reported third-quarter 2026 net income of $20.8 million, up from $19.0 million in the prior quarter, with diluted EPS of $1.06. Loans held for investment reached $3.83 billion, growing 6.3% annualized on an organic basis, while the net interest margin held steady at 4.0%. Nonperforming loans rose to 0.40% of total loans from 0.25%, mainly due to loans acquired with Bank of Houston, whose integration is now largely complete. CEO Curtis C. Griffith is scheduled to retire at year-end, with President Cory T. Newsom assuming the CEO role. The bank also announced its 30th consecutive quarterly dividend.
- Techcombank posts record quarterly profit of VNĐ10 . 4 trillion
Techcombank reported record third-quarter pre-tax profit of VNĐ10.4 trillion (US$402 million), up 25.8% year-on-year. For the first nine months, total operating income rose 17.1% to VNĐ45.2 trillion and pre-tax profit increased 23.7% to VNĐ28.9 trillion, with trailing 12-month ROE at 16.3%. Net fee income grew 40%, led by a 136.6% jump in letter of credit, cash and payment fees, while investment banking fees fell 17.5% as higher interest rates weighed on margins. Customer deposits rose 8.4% to VNĐ692.1 trillion, but the NPL ratio climbed to 1.36% from 1.15%, which the bank mainly attributed to several individual loans outside its core sectors. Subsidiary TCBS also posted its highest quarterly pre-tax profit to date, at VNĐ2.15 trillion.
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