Public Bank Berhad
Shortname: PBBANK
Stock Code: 1295
Public Bank is the third largest company on Bursa Malaysia in terms of market value and total assets. Founded in 1966 by the late Tan Sri Dato Sri Dr Teh Hong Piow, its foundation is deeply rooted in the vision of serving the banking needs of the people, hence its tag line “Bank For The People”. Its current market capitalization is. RM86 billion.
At a closing share price of RM4.45 as at 13/2/25, it is trading at a Current PE Ratio of 12.1x and Dividend Yield of 4.7%.
| YE 31-Dec | 2020 | 2021 | 2022 | 2023 | 2024 |
| EPS (RM) | 0.251 | 0.2914 | 0.3153 | 0.3426 | 0.37 |
| DPS (RM) | 0.13 | 0.152 | 0.17 | 0.19 | 0.21 |
| No of Shares (millions) | 3,882 | 19,411 | 19,411 | 19,411 | |
| (RM millions) | |||||
| Net Profit After Tax | 4,872 | 5,657 | 6,119 | 6,649 | 7,100 |
| Net Loans | 342,803 | 354,053 | 372,583 | 394,750 | |
| Customer Deposits | 365,871 | 380,394 | 394,718 | 412,897 | |
| Net Assets | 48427 | 49425 | 51525 | 56380 | |
| Intangibles | 2,418 | 2,459 | 2,539 | 2,590 | |
| Shareholder Funds | 47,248 | 48,163 | 50,179 | 54,674 |
Public Bank is a leader in retail banking in Malaysia. For the year ending 31/12/23, Retail Banking Operations generated RM4.1 billion in Profit Before Tax (PBT), which is surpassed only by Maybank’s Community Financial Services segment which generated RM5.7 billion PBT for the same period, while ahead of CIMB Group’s Consumer Banking segment at RM3.0 billion PBT.
Through Public Mutual, Public Bank is Malaysia’s market leader in Funds Management with more than RM100 billion in Assets Under Management, generating RM798 million PBT for the group.
Public Bank is a relatively small player in commercial and investment banking and its overseas earnings is mainly through Public Bank Cambodia which generated a relatively modest RM342 million in PBT for 2023.