BBCA: 3Q25 Earnings Growth Slowed, But Plans IDR5tn Buyback

Key Summary:
- Earnings growth slowed on higher provision charges
- Conservative stance, but expects improvement in 2026
- Announced IDR5tn buyback, max price IDR9,200/share
Bank Central Asia (BBCA) recently released its 3Q25 financial performance, which largely came in-line with consensus expectations. The company also announced a buyback program, which was timely as we are seeing tactical flows back into large-cap defensive stocks this week.
Behind the numbers: BBCA recorded a net profit of IDR 14.4 trillion (-3% QoQ, +1% YoY) in 3Q25, bringing its total earnings to IDR 43.4 trillion (+6% YoY) in 9M25.