Nations Trust Bank Plc

NTB.N0000Undervalued

Banks & Finance · Major Banks

Nations Trust Bank is a Sri Lankan commercial bank offering consumer, commercial and corporate banking services alongside treasury functions.

NTB shares are down 1.3% over the past year and last closed at Rs 303.75 on Sep 30, 2026.

Voting
Rs 303.75
-0.08%
Price history
-1.33%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+9.2-3.0-12.0+8.4+2.1-1.2-4.8+3.9-3.1+0.0+0.0+0.0
2025+3.8+3.1-3.2-2.4+7.8+8.6+8.2+14.9+14.8-6.5+4.1+4.1
2024-6.0+1.5+7.0+6.5+5.2+10.4-8.3-9.8+12.7+12.1+9.0+22.8
2023+10.9+18.5+10.4-6.2+5.0+12.7+44.7+7.1-0.5-6.8+1.0+4.4
2022+2.5-2.7-12.9-21.1+7.0-12.6-3.3+16.8+28.5-4.6+5.4-3.5
2021+6.7-9.8-3.5-3.4+6.9+1.6-2.7-2.6+3.1+4.9-5.7-2.5
2020-1.9-3.8-20.0+0.0+0.0+7.3-2.2-1.6+1.6-7.9+1.6+1.9
2019-0.3+2.2-0.1-3.3-8.0+0.0+8.1-5.1-5.0+4.0+1.6-3.5
2018+1.8-1.1+4.8+6.1+6.9-0.5+0.6-0.7-2.7+0.2+2.6-0.2
2017-7.4+2.1-3.4+5.4+1.9+3.1-2.4-1.2+1.3+3.8-2.4-3.7
2016-10.9-3.1-1.5+8.1-1.9-5.1+6.7+2.5+2.3-3.5-2.5+2.5
2015+6.2+1.9-4.7+4.8-5.6-1.0+7.7-5.2-2.8-2.1-12.8+5.4
2014+9.3-3.8-0.8+3.1+1.0+5.2+7.2+11.5+5.9+4.3-2.7+6.1
2013+3.7+1.5+3.4+0.8+8.9-5.8-0.2-4.9+1.0+2.5-0.8+1.1
2012+0.0+0.0+0.0-7.4-11.4+0.6-1.1+16.1+14.6-8.7-6.5+6.1
Average+2.0+0.3-2.6+0.0+1.9+1.6+3.9+2.8+4.8-0.6-0.6+2.9
ASPI average+3.1-2.7-4.7+2.0+0.2+0.8+3.1+2.2+3.2-0.1+1.0+3.0
Median+3.1+0.2-2.3+2.0+3.5+0.6-0.2-0.7+1.6-0.9+0.1+2.2
% up64%50%29%57%71%53%47%47%67%50%50%64%
P/E
5.3
P/B
0.96
EPS
Rs 57.76
Div Yield
3.44%
Market Cap
Rs 104.9B
Beta
1.58
ROE
19.9%
Op Margin
45.1% (-25.2pp)

Fundamentals

LineFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Total income
Rs 52.3B
+17.8%
Rs 44.4B
-1.4%
Rs 45.0B
+15.9%
Rs 38.9B
+67.0%
Rs 23.3B
+9.6%
Rs 21.2B
-5.8%
Rs 22.6B
+7.0%
Rs 21.1B
+24.6%
Operating profit
Rs 35.3B
+8.4%
Rs 32.6B
+39.1%
Rs 23.5B
+74.2%
Rs 13.5B
+29.4%
Rs 10.4B
+37.7%
Rs 7.6B
-10.5%
Rs 8.4B
+9.3%
Rs 7.7B
+9.6%
Net profit
Rs 19.3B
+14.6%
Rs 16.8B
+46.5%
Rs 11.5B
+58.7%
Rs 7.2B
+8.0%
Rs 6.7B
+65.1%
Rs 4.1B
+9.2%
Rs 3.7B
+0.3%
Rs 3.7B
+9.8%
EPS
57.76
+13.7%
50.82
+44.5%
35.17
+55.6%
22.61
+1.9%
22.20
+55.4%
14.29
+9.3%
13.08
-0.2%
13.10
-8.1%

Compared with the same period a year earlier.

Per-share figures are as reported, not adjusted for splits.

Recent dividends

  • 2025 · first and finalRs 3.50
  • 2026Rs 7.00
  • 2024 · finalRs 3.25
  • 2025Rs 6.50
  • 2023 · first and finalRs 2.50
  • 2020 · first and finalRs 2.00
  • 2019 · first and finalRs 2.30
Peer comparison6 peers in Banks & Finance
Rs 202.50
P/E
5.5
P/B
0.94
ROE
18.10%
Yield
5.17%
Rs 384.00
P/E
4.6
P/B
0.71
ROE
15.72%
Yield
5.20%
SAMP.N0000
Rs 140.00
P/E
5.0
P/B
0.84
ROE
16.81%
Yield
7.36%
NTB.N0000 · this company
Rs 303.75
P/E
5.3
P/B
0.96
ROE
19.87%
Yield
3.44%
DFCC.N0000
Rs 123.50
P/E
4.8
P/B
0.51
ROE
8.64%
Yield
5.96%
SEYB.N0000
Rs 94.60
P/E
4.9
P/B
0.69
ROE
14.47%
Yield
4.23%
P/E
3.9
P/B
0.55
ROE
12.90%
Yield
7.74%
Peer median · 6 companies
P/E 4.8P/B 0.70Yield 5.58%

About Nations Trust Bank Plc

Nations Trust Bank is a Sri Lankan commercial bank offering consumer, commercial and corporate banking services alongside treasury functions. The Group serves individuals, SMEs and large corporates through a segmented approach that emphasises disciplined risk management, ethical governance and customer-centric service. The Bank’s Consumer Banking business provides everyday retail products including savings and investment products, leasing, personal/vehicle/housing loans, credit and debit cards and bancassurance, supported by digital channels. Commercial Banking delivers working capital, trade finance, term loans, leasing, business banking and advisory services including the Nations Business Investment Planner for growing enterprises. Corporate Banking provides large‑scale financing, transaction banking and treasury solutions such as working capital finance, supply chain and structured finance, trade finance, cash management and corporate cards. The Bank also develops digital capabilities for business customers, including the Nations Direct Enterprise (NDE) platform for commercial and corporate clients, and reports a high level of digital adoption across customer transactions.

AI analysis

bullish

Evidence points to a stronger bank at an undervalued price: June-quarter profit more than doubled as the HSBC retail acquisition lifted lending. The catch is that a one-off tax credit drove much of the profit jump while operating profit fell.

Read the full report (Sep 30, 2026) →

News sentiment

Describes news flow, not a forecast
Last 30 days
More negative than usual for this company
its own lowits own high

Higher than 17% of its last 23 months · 14 of 26 in its sector

9 articles in 30 days: 3 positive, 1 negative, 5 neutral.

24 months positive negative 3-month net
Oct 24: 6 articles, net +0.33Nov 24: 9 articles, net +0.54Dec 24: 3 articles, net +0.29Jan 25: 9 articles, net +0.68Feb 25: 9 articles, net +0.85Mar 25: 5 articles, net -0.06Apr 25: 3 articles, net +0.33May 25: 6 articles, net +1.00Jun 25: 3 articles, net -0.36Jul 25: 2 articles, net +0.17Aug 25: 5 articles, net +0.91Sep 25: 14 articles, net +0.76Oct 25: 7 articles, net +0.52Nov 25: 5 articles, net +0.95Dec 25: 7 articles, net +0.91Jan 26: 18 articles, net +0.54Feb 26: 8 articles, net +0.85Mar 26: 5 articles, net +0.23Apr 26: 4 articles, net +0.31May 26: 10 articles, net +0.76Jun 26: 6 articles, net +0.85Jul 26: 5 articles, net +0.48Aug 26: 3 articles, net +1.00Sep 26: 9 articles, net +0.29Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
Daily FT·Sep 28, 2026·Regulatory or legal
APB prepares members for APG Mutual Evaluation 2026

The Association of Professional Bankers ran a CPD event preparing Sri Lanka's banking sector for its APG mutual evaluation (on-site 26 Oct-6 Nov 2026) that will assess AML/CFT/PF technical compliance and effectiveness. Speakers urged a shift from documentation-led checks to outcome-focused, risk-based controls.

Daily FT·Sep 18, 2026·Market commentaryNegative
CSE slides to 23-week low

The ASPI fell 0.52% (109.98 pts) to 21,023.43, hitting a 23-week low as selling driven by concerns over rising interest rates and sustained crude above $100 pressured the market. Top drags included Melstacorp, Dialog, Hayleys, Ceylon Beverage and RIL while foreigners were net sellers of ~Rs.213m; turnover ~Rs.1.3bn.

Fuel & Energy PricesInterest Rates
Daily FT·Sep 9, 2026·Rights issuePositive
NTB proposes Rs. 13.87 b Rights Issue to nearly double stated capital

Nations Trust Bank proposes a Rs.13.87 billion rights issue (up to 45.47m Ordinary Non‑Voting Convertible Shares at Rs.305) that, if fully subscribed, will nearly double stated capital to Rs.27.86 billion and strengthen its Common Equity Tier 1 position; subject to CSE and shareholder approval.

EconomyNext·Sep 8, 2026·Rights issuePositive
Sri Lanka's Nations Trust Bank to raise Rs13.8bn in rights issue

Nations Trust Bank (NTB) plans to raise Rs13.8bn via a rights issue of 3 non-voting convertible shares for every 22 ordinary shares at Rs305 each to strengthen Common Equity Tier 1 capital; the issue will create 45,467,286 ordinary voting shares and is subject to CSE and shareholder approvals.

Daily FT·Sep 1, 2026·Earnings & resultsPositive
CSE corporate earnings rise 10% to Rs. 168.3 b in 2Q

CSE corporate earnings rose 10% YoY to Rs.168.3bn in 2Q (1QFY27), lifting 1H earnings 8% YoY to Rs.354.9bn, led by banks which contributed 37% of quarterly profits. Food & Beverage and Diversified Financials were the next-largest contributors; top 10 counters made about 56% of profits.

Consumer Staples (FMCG)

Banks & Finance sector: what is happening

Last 14 days to Sep 30, 2026

With policy held at 8.75% amid 8.0% inflation, and Treasury and secondary bond yields rising during the window, banks face continued pressure to reprice deposits and loans while government-securities portfolios remain sensitive to yield moves. The rupee weakened and foreign investors sold rupee bonds for a second week. From 1 November, TIN verification will be required for bank accounts and credit cards, adding onboarding compliance.

Auto-generated from 45 sector news articles over 14 days. Not investment advice.