STB released its 2024 results with TOI of VND28.7tn (USD1.1tn; +9.6% YoY) and PBT of VND12.7tn (USD509mn; +32.6% YoY), fulfilling 96% and 124% of our respective FY2024 forecasts. While the bank's top-line performance aligned with our forecast, lower-than-