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Trinity Bank

Trinity's net profit rose 149% yoy to CZK 30.6 mil in 2Q2021

By Helgi Analytics - September 21, 2021

Trinity Bank made a net profit of CZK 30.6 mil in the second quarter of 2021, up 149% when compared to the same period of last ye...

Trinity's net profit rose 149% yoy to CZK 30.6 mil in 2Q2021

By Helgi Analytics - September 21, 2021

Trinity Bank made a net profit of CZK 30.6 mil under revenues of CZK 116 mil in the second quarter of 2021, up 149% and 2.98%...

TB's customer deposits rose 3.72% yoy to CZK 14,775 mil in 4Q2020

By Helgi Analytics - September 21, 2021

Trinity Bank's customer deposits reached CZK 14,775 mil in 2020-12-31, down 4.47% compared to the previous year. Czech banking ...

Profit Statement 2018 2019 2020
Net Interest Income CZK mil 260 244 264
Net Fee Income CZK mil 23.0 30.1 24.2
Other Income CZK mil 10.6 -39.7 110
Total Revenues CZK mil 293 235 398
Staff Cost CZK mil 156 136 131
Operating Profit CZK mil 34.5 -8.54 148
Provisions CZK mil 21.7 -79.4 72.4
Net Profit CZK mil 51.3 50.4 60.6
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 701 608 651
Customer Loans CZK mil 6,050 5,319 6,999
Investments CZK mil 0 50.5 2,688
Total Assets CZK mil 9,226 16,183 17,503
Shareholders' Equity CZK mil 1,852 1,737 1,833
Interbank Borrowing CZK mil 0 124 339
Customer Deposits CZK mil 6,963 14,122 14,775
Issued Debt Securities CZK mil 0 0 314
Ratios 2018 2019 2020
ROE % 2.77 2.81 3.40
ROA % 0.526 0.397 0.360
Costs (As % Of Assets) % 2.66 1.92 1.49
Costs (As % Of Income) % 88.2 104 62.9
Capital Adequacy Ratio % 18.8 20.6 19.1
Net Interest Margin % 2.67 1.92 1.57
Loans (As % Of Deposits) % 86.9 37.7 47.4
NPLs (As % Of Loans) % 33.1 19.9 18.3
Provisions (As % Of NPLs) % 10.1 18.7 19.2
Valuation 2018 2019 2020
Market Capitalisation USD mil ... ... 148
Number Of Shares mil ... ... 1.00
Share Price CZK ... ... 3,172
Price/Earnings (P/E) ... ... 52.3
Price/Book Value (P/BV) ... ... 1.73
Earnings Per Share (EPS) CZK ... ... 60.6
Book Value Per Share CZK ... ... 1,833

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summary Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
income statement                                
Net Interest Income CZK mil             378 360 253 275 260          
Total Revenues CZK mil             417 417 260 257 293          
Operating Profit CZK mil             195 189 42.9 53.8 34.5          
Net Profit CZK mil             30.2 20.2 25.0 47.0 51.3          
balance sheet                                
Interbank Loans CZK mil             1,704 1,573 1,652 1,315 701          
Customer Loans CZK mil             7,056 7,452 7,721 7,500 6,050          
Investments CZK mil             54.1 0 0 0 0          
Total Assets CZK mil             9,648 10,421 10,747 10,249 9,226          
                                   
Shareholders' Equity CZK mil             1,160 1,320 1,743 1,852 1,852          
Interbank Borrowing CZK mil             0 0 0 0 0          
Customer Deposits CZK mil             8,399 9,009 8,944 8,324 6,963          
Issued Debt Securities CZK mil             0 0 0 0 0          
ratios                                
ROE % ...           2.93 1.63 1.63 2.61 2.77          
ROA % ...           0.342 0.201 0.236 0.448 0.526          
Costs (As % Of Assets) % ...           2.51 2.28 2.05 1.94 2.66          
Costs (As % Of Income) %             53.2 54.7 83.5 79.1 88.2          
Capital Adequacy Ratio %             12.1 12.4 16.4 17.1 18.8     ... ... ...
Net Interest Margin % ...           4.27 3.58 2.39 2.62 2.67          
Interest Income (As % Of Revenues) %             90.6 86.1 97.1 107 88.6          
Fee Income (As % Of Revenues) %             4.47 8.55 9.93 9.26 7.83          
Staff Cost (As % Of Total Cost) %             52.3 48.7 55.6 54.8 60.3          
Equity (As % Of Assets) %             12.0 12.7 16.2 18.1 20.1          
Loans (As % Of Deposits) %             84.0 82.7 86.3 90.1 86.9          
Loans (As % Assets) %             73.1 71.5 71.8 73.2 65.6          
NPLs (As % Of Loans) %             39.0 39.4 24.4 26.4 33.1          
Provisions (As % Of NPLs) %             12.5 15.4 12.1 9.95 10.1          
valuation                                
Market Capitalisation USD mil ... ... ... ... ... ... ... ... ... ... ... ...        
Number Of Shares mil ... ... ... ... ... ... ... ... ... ... ... ...        
Share Price CZK ... ... ... ... ... ... ... ... ... ... ... ...        
Earnings Per Share (EPS) CZK ... ... ... ... ... ... ... ... ... ... ... ...        
Book Value Per Share CZK ... ... ... ... ... ... ... ... ... ... ... ...        
Price/Earnings (P/E) ... ... ... ... ... ... ... ... ... ... ... ...        
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ... ... ...        
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... ...      
Book Value Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... ...      
income statement Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
income statement                                
Interest Income CZK mil             519 519 393 359 351          
Interest Cost CZK mil             141 160 140 84.5 91.5          
Net Interest Income CZK mil             378 360 253 275 260          
Net Fee Income CZK mil             18.6 35.7 25.9 23.8 23.0          
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... 24.4     ... ... ...
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... 1.44     ... ... ...
Other Income CZK mil             20.6 22.2 -18.4 -41.3 10.6          
Total Revenues CZK mil             417 417 260 257 293          
Staff Cost CZK mil             116 111 121 111 156          
Depreciation CZK mil             18.9 17.0 19.5 18.0 30.9          
Other Cost CZK mil             87.0 100 77.1 73.9 71.8          
Operating Cost CZK mil             222 228 217 203 259          
Operating Profit CZK mil             195 189 42.9 53.8 34.5          
Provisions CZK mil             144 158 31.6 6.77 21.7          
Extra and Other Cost CZK mil             0 < -0.001 0.002 -0.003 0.001          
Pre-Tax Profit CZK mil             50.8 31.4 11.3 47.0 12.7          
Tax CZK mil             20.6 11.2 -13.7 0 -38.5          
Minorities CZK mil             0 0 0 0 0          
Net Profit CZK mil             30.2 20.2 25.0 47.0 51.3          
Net Profit Avail. to Common CZK mil             30.2 20.2 25.0 47.0 51.3          
Dividends CZK mil ... ... ... ... ... ... ... ... ... ... 41.0   ... ... ... ...
growth rates                                
Net Interest Income Growth % ...           -29.5 -4.77 -29.7 8.61 -5.40          
Net Fee Income Growth % ...           -54.1 91.6 -27.6 -7.98 -3.45          
Total Revenue Growth % ...           -32.0 0.169 -37.6 -1.26 14.1          
Operating Cost Growth % ...           -24.3 2.96 -4.83 -6.50 27.3          
Operating Profit Growth % ...           -39.1 -3.01 -77.3 25.3 -35.9          
Pre-Tax Profit Growth % ...           1,342 -38.2 -63.9 314 -72.9          
Net Profit Growth % ...           -261 -33.3 24.0 87.8 9.07          
market share                                
Market Share in Revenues %             0.248 0.240 0.144 0.143 0.154 ... ... ... ... ...
Market Share in Net Profit %         ... ... 0.048 0.030 0.034 0.062 0.063 ... ... ... ... ...
Market Share in Employees %             0.226 0.255 0.254 0.255 0.244 ... ... ... ... ...
Market Share in Branches %             0.135 0.139 0.147 0.154 0.153 ... ... ... ... ...
balance sheet Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
balance sheet                                
Cash & Cash Equivalents CZK mil             178 715 1,981 1,611 866          
Interbank Loans CZK mil             1,704 1,573 1,652 1,315 701          
Customer Loans CZK mil             7,056 7,452 7,721 7,500 6,050          
Retail Loans CZK mil ... ... ... ... ...   975 866 613 360 ...          
Corporate Loans CZK mil ... ... ... ... ...   6,599 6,732 6,458 6,184 ...          
Investments CZK mil             54.1 0 0 0 0          
Property and Equipment CZK mil             576 616 553 583 526          
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... 65.3          
Total Assets CZK mil             9,648 10,421 10,747 10,249 9,226          
                                   
Shareholders' Equity CZK mil             1,160 1,320 1,743 1,852 1,852          
Of Which Minority Interest CZK mil             0 0 0 0 0          
Liabilities CZK mil             8,488 9,101 9,004 8,396 7,374          
Interbank Borrowing CZK mil             0 0 0 0 0          
Customer Deposits CZK mil             8,399 9,009 8,944 8,324 6,963          
Retail Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ...          
Corporate Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ...          
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... 1,291          
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... 5,672          
Issued Debt Securities CZK mil             0 0 0 0 0          
Subordinated Debt CZK mil ... ... ... ... ... ... ... ... ... ... ...          
Other Liabilities CZK mil             88.9 92.6 60.2 72.7 411          
asset quality                                
Non-Performing Loans CZK mil             2,891 3,127 1,945 2,032 2,075          
Gross Loans CZK mil             7,419 7,934 7,956 7,702 6,260          
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... 9,929 9,238     ... ... ...
Total Provisions CZK mil             363 482 235 202 210          
growth rates                                
Customer Loan Growth % ...           7.82 5.60 3.61 -2.86 -19.3          
Retail Loan Growth % ... ... ... ... ... ... -0.158 -11.2 -29.2 -41.3 ... ...        
Corporate Loan Growth % ... ... ... ... ... ... 11.3 2.00 -4.06 -4.24 ... ...        
Total Asset Growth % ...           20.1 8.01 3.13 -4.64 -9.98          
Shareholders' Equity Growth % ...           27.8 13.8 32.1 6.27 -0.007          
Customer Deposit Growth % ...           18.8 7.26 -0.718 -6.93 -16.3          
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ...        
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ...        
market share                                
Market Share in Customer Loans %             0.268 0.268 0.262 0.243 0.183     ... ... ...
Market Share in Corporate Loans % ... ... ... ... ...   0.755 0.731 0.662 0.605 ...     ... ... ...
Market Share in Consumer Loans % ... ... ... ... ...   0.079 0.065 0.043 0.024 ...     ... ... ...
Market Share in Total Assets %             0.179 0.188 0.179 0.145 0.126     ... ... ...
Market Share in Customer Deposits %             0.244 0.256 0.237 0.200 0.157     ... ... ...
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ... ... ...     ... ... ...
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ... ... ...     ... ... ...
ratios Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
                                 
ROE % ...           2.93 1.63 1.63 2.61 2.77          
ROTE % ... ... ... ... ... ... ... ... ... ... ...          
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... 3.57     ... ... ...
ROA % ...           0.342 0.201 0.236 0.448 0.526          
Return on Loans % ...           0.445 0.278 0.330 0.618 0.757          
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... 0.360     ... ... ...
Costs (As % Of Assets) % ...           2.51 2.28 2.05 1.94 2.66          
Costs (As % Of Income) %             53.2 54.7 83.5 79.1 88.2          
Costs (As % Of Loans) % ...           3.26 3.15 2.87 2.67 3.82          
Costs (As % Of Loans & Deposits) % ...           1.53 1.43 1.31 1.25 1.80          
Capital Adequacy Ratio %             12.1 12.4 16.4 17.1 18.8     ... ... ...
Tier 1 Ratio %             11.9 12.3 16.4 17.1 18.8     ... ... ...
Net Interest Margin % ...           4.27 3.58 2.39 2.62 2.67          
Interest Spread % ...           4.06 3.36 2.17 2.45 2.45          
Asset Yield % ...           5.87 5.18 3.71 3.42 3.61          
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... 3.06     ... ... ...
Cost Of Liabilities % ...           1.81 1.82 1.55 0.971 1.16          
Payout Ratio % ... ... ... ... ... ... ... ... ... ... 80.0   ... ... ... ...
Interest Income (As % Of Revenues) %             90.6 86.1 97.1 107 88.6          
Fee Income (As % Of Revenues) %             4.47 8.55 9.93 9.26 7.83          
Other Income (As % Of Revenues) %             4.94 5.32 -7.06 -16.1 3.61          
Staff Cost (As % Of Total Cost) %             52.3 48.7 55.6 54.8 60.3          
Equity (As % Of Assets) %             12.0 12.7 16.2 18.1 20.1          
Equity (As % Of Loans) %             16.4 17.7 22.6 24.7 30.6          
Loans (As % Of Deposits) %             84.0 82.7 86.3 90.1 86.9          
Loans (As % Assets) %             73.1 71.5 71.8 73.2 65.6          
NPLs (As % Of Loans) %             39.0 39.4 24.4 26.4 33.1          
Provisions (As % Of NPLs) %             12.5 15.4 12.1 9.95 10.1          
Provisions (As % Of Loans) %             5.14 6.47 3.04 2.70 3.48          
Cost of Provisions (As % Of Loans) % ...           2.12 2.17 0.416 0.089 0.321          
other data Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
                                 
Branches             3.00 3.00 3.00 3.00 3.00          
Employees             91.0 105 104 107 102          
Employees Per Bank Branch             30.3 35.0 34.7 35.7 34.0          
Cost Per Employee USD per month             4,968 3,700 3,836 3,698 5,829          
Cost Per Employee (Local Currency) CZK per month             106,185 88,321 96,787 86,777 127,525          
customer breakdown Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
                                 
Customers mil             0.011 0.012 0.011 0.011 0.015          
                                   
Market Value per Customer (Local Currency) CZK ... ... ... ... ... ... ... ... ... ... ... ...        
Revenue per Customer (Local Currency) CZK             36,240 34,989 22,665 23,284 19,552          
Net Profit per Customer (Local Currency) CZK             2,630 1,691 2,179 4,257 3,417          
Loan per Customer (Local Currency) CZK             613,647 624,608 672,281 679,431 403,312          
Deposit per Customer (Local Currency) CZK             730,386 755,119 778,777 754,027 464,198          
Market Value per Customer USD ... ... ... ... ... ... ... ... ... ... ... ...        
Revenue per Customer USD             1,696 1,466 898 992 894          
Net Profit per Customer USD             123 70.9 86.3 181 156          
Loan per Customer USD             26,780 25,161 26,221 31,912 17,952          
Deposit per Customer USD             31,875 30,419 30,375 35,415 20,662          

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Trinity's capital adequacy ratio rose 2.30% yoy to 20.6% in 1Q2021

By Helgi Analytics - September 21, 2021

Trinity Bank's capital adequacy ratio reached 20.6% at the end of first quarter of 2021, up from 19.1% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 22.7% in 2Q2020 and an all time low of 8.31% in 3Q2008. ...

TB's npls (as % of loans) rose 170% yoy to 17.2% in 1Q2021

By Helgi Analytics - September 21, 2021

Trinity Bank's non-performing loans reached 17.2% of total loans at the end of 2021-03-31, up from 6.39% compared to the previous year. Historically, the NPL ratio hit an all time high of 40.2% in 2015-03-31 and an all time low of 0.525% in 2008-09-30. Prov...

Trinity's net interest margin rose 92.5% yoy to 2.15% in 2Q2021

By Helgi Analytics - September 21, 2021

Trinity Bank's net interest margin amounted to 2.15% in the second quarter of 2021, up from 1.79% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 19.2% in 1Q2012 and an all time low of -17....

TB's total revenues rose 75.8% yoy to CZK 131 mil in 3Q2020

By Helgi Analytics - September 21, 2021

Trinity Bank generated total banking revenues of CZK 131 mil in 2020-09-30, up 16.3% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 41,746 mil in 2020-09-30, down 13.4% when compared to the last year...

TB's customer loans fell 49.4% yoy to CZK 6,999 mil in 4Q2020

By Helgi Analytics - September 21, 2021

Trinity Bank's customer loans reached CZK 6,999 mil in 2020-12-31, down 47.8% compared to the previous year. Czech banking sector provided customer loans of CZK 3,596 bil in 2020-12-31, down 0.651% when compared to the last year. Trinity Bank accounted fo...

TB's employees remain unchanged yoy at in 2Q2021

By Helgi Analytics - September 21, 2021

Trinity Bank employed 100 persons in 2020-03-31, up 6.38% when compared to the previous year. Historically, the bank's workforce hit an all time high of 112 persons in 2017-09-30 and an all time low of 32.0 in 2013-03-31. Average cost reached USD 4,444 per month ...

Trinity's costs (as % of assets) rose 35.4% yoy to 1.66% in 2Q2021

By Helgi Analytics - September 21, 2021

Trinity Bank's cost to income ratio reached 67.8% in the second quarter of 2021, down from when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 547% of income in 1Q2019 and an all time low of -67.5% in 4Q2010. ...

Trinity's net interest income rose 72.2% yoy to CZK 102 mil in 2Q2021

By Helgi Analytics - September 21, 2021

Trinity Bank generated total banking revenues of CZK 116 mil in the second quarter of 2021, up 2.98% when compared to the same period of last year and down 3.86% when compared to the previous quarter. Historically, the bank’s revenues containing o...

TB's customer loan growth fell 170% yoy to -16.6% in 2Q2021

By Helgi Analytics - September 21, 2021

Trinity Bank's customer loan growth reached -16.6% in 2021-06-30, down from 23.5% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 293% in 2008-12-31 and an all time low of -64.2% in 2021-03-31. In the last ...

TB's Cost of Risk fell 102% yoy to -0.015% in 2Q2021

By Helgi Analytics - September 21, 2021

Trinity Bank's Cost of Risk (loan loss provisions as % of total assets) amounted to -0.015% in the second quarter of 2021, down from 0.189% when compared to the previous quarter. Historically, the bank’s cost of risk reached an all time high of 9.46% in 3Q2010 ...

More News

Trinity Bank (formerly known as Moravský Peněžní Ústav) is one of the largest credit unions in the Czech Republic. The Union has been in operation on the financial market since 1996. From a Company with regional operations, the Union serves more than 10,000 clients throughout the whole Czech Republic with a complete portfolio of products for both individuals and legal entities, including current accounts administration, savings, loan products, or internet banking.

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Finance

Trinity Bank has been growing its revenues and asset by -0.012% and 9.07% a year on average in the last 10 years. Its loans and deposits have grown by 3.59% and 8.61% a year during that time and loans to deposits ratio reached 57.7% at the end of 2023. The company achieved an average return on equity of 3.52% in the last decade with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 54.3% in 2023, compared to 69.7% average in the last decade.

Equity represented 11.4% of total assets or 23.4% of loans at the end of 2023. Trinity Bank's non-performing loans were 23.8% of total loans while provisions covered some 13.9% of NPLs at the end of 2023.

Valuation

Trinity Bank stock traded at per share at the end of 2023 resulting in a market capitalization of . Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 5.82% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 21.1x and price to book value (PBV) of 1.45x in 2023.