TBNK Latest Report

Performance of the Current Financial Report

Based on the financial data provided by Territorial Bancorp (TBNK), the total operating revenue as of December 31, 2024 was RMB79.51 million, a decrease of RMB20.66 million from RMB100.17 million in 2023, representing a decline of approximately 20.6%. This performance indicates a gloomy revenue situation for the company in the current fiscal year, which may have a negative impact on its overall profitability.

Key Data in the Financial Report

1. Decline in Operating Revenue: The operating revenue in 2024 was -RMB30 million, a significant decrease from RMB3.95 million in 2023, indicating serious challenges faced by the main business, possibly due to weakened market demand or increased competition.

2. Growth in Insurance Business Revenue: The revenue from insurance business in 2024 was RMB2.57 million, up from RMB2.27 million in 2023, showing the stability of this business.

3. Deterioration in EBIT: The EBIT in 2024 was -RMB67.14 million, a significant decrease from RMB6.837 million in 2023, reflecting a significant deterioration in the company's overall profitability.

4. Decline in Comprehensive Income: The total comprehensive income in 2024 was -RMB62.5 million, a significant decrease from RMB26.14 million in 2023, indicating a deterioration in the company's overall financial condition.

Peer Comparison

1. Industry-wide Analysis: The current financial services industry is facing challenges such as rising interest rates and economic slowdown, leading to a general decline in the operating revenue of many banks and financial institutions. This situation may be due to multiple factors such as changes in market environment, customer loss, and weakened credit demand.

2. Peer Evaluation Analysis: TBNK's total operating revenue decreased by 20.6% year-on-year, which is relatively poor in the same industry. If the overall revenue performance of the industry is acceptable, TBNK's revenue decline may reflect its lack of market competitiveness or internal management issues.

Summary

This analysis shows that Territorial Bancorp's performance in 2024 is affected by multiple factors, especially the significant decline in operating revenue and the deterioration in overall profitability. These changes may be due to increased competition and weakened customer demand.

Opportunities

1. The stability of the insurance business provides a relatively safe revenue source for the company, which can consider further expansion in this area.

2. If the market economic environment improves, it may help the company recover some revenue, especially in a scenario where interest rate policies are relaxed.

3. Appropriate strategic adjustments or improved customer relationship management may help enhance market competitiveness and attract more customers.

Risks

1. Increased competition may lead to further revenue decline, affecting the company's profitability.

2. Uncertainty in the macro economy and a decline in the company's ability to repay debts may negatively impact its asset quality.

3. Changes in regulatory policies may pose challenges to business operations, affecting the company's overall performance.