Trust Bank PLC reported lower profits in 2024 while announcing stock dividends to strengthen its capital and support business expansion.

The bank's profit fell 11 percent year-on-year to Tk 372.31 crore in 2024, according to the company's financial statements.

The bank's consolidated earnings per share (EPS) stood at Tk 4.03 for the year ended December 31, 2024, down from Tk 4.62 a year earlier.

Its consolidated net operating cash flow per share (NOCFPS) rose significantly to Tk 55.43 from Tk 9.86 during the same period.

Trust Bank's board has recommended a 15 percent dividend for the year — 7.5 percent in cash and 7.5 percent in stock.

The stock dividend was proposed to strengthen the bank's capital base to support business expansion, the bank said in a recent Dhaka Stock Exchange (DSE) filing.

In a separate disclosure, Trust Bank said its consolidated EPS for the January-March quarter of 2025 stood at Tk 0.32, slightly lower than Tk 0.35 in the same period last year. Its NOCFPS, however, improved to Tk 13.82 from Tk 7.10.

As of March 31, 2025, sponsor-directors held 60 percent of the bank's shares, institutional investors held 22.25 percent, foreign investors 0.02 percent, and the general public 17.73 percent, DSE data showed.

Trust Bank, sponsored by the Army Welfare Trust, operates 119 branches and SME centres, eight sub-branches, 283 ATM booths, and over 500 point-of-sale terminals.

The private commercial bank has been in operation since 1999, as per its website.