TCB - Earnings review- [BUY]- Higher-than-expected earnings growth

2Q26 PBT rose +22.4% YoY to VND 9,670bn, driven by robust credit expansion, strong net fee income, and lower provision expenses. 1H26 PBT reached VND 18,540bn (+22.5% YoY), completing 49% of the full-year 2026 target. Net profit grew +17.7% YoY to VND 7,350bn in 2Q26, fulfilling 112% of KIS’s estimate.