HBL 9MCY26 profit reaches Rs54bn

October 22, 2026 (MLN): Habib Bank Limited (PSX: HBL) reported a 5% increase in its consolidated net profit for the nine months ended September 30, 2026 (9MCY26) reaching Rs54.11bn compared to Rs51.38bn in the corresponding period last year.

Alongside the financial results, the board declared a cash dividend of Rs6 per share (60%).

Reflecting this steady bottom-line growth, basic and diluted earnings per share (EPS) expanded to Rs36.84, up from Rs34.97 in 9MCY25.

For the third quarter (Q3CY26) alone, net profit jumped 16% to Rs19.58bn (EPS of Rs13.33) compared to Rs16.93bn (EPS of Rs11.53) in Q3CY25.

The primary catalysts supporting the nine-month performance were a 1% rise in net interest income, a 8% surge in non-mark-up income, and a 48% reduction in credit loss provisions.

Gross mark-up/return earned grew 16% to Rs581.56bn. After expensing mark-up/interest of Rs371.13bn, net mark-up income settled at Rs210.43bn compared to Rs207.33bn in 9MCY25.

On the non-mark-up income front, fee and commission income rose 15% to Rs39.40bn, foreign exchange income jumped 76% to Rs11.92bn, and dividend income expanded 90% to Rs5.53bn.

Total non-mark-up income reached Rs72.67bn, pushing total income up 3% to Rs283.10bn.

On the operational side, operating expenses rose 6% to Rs161.44bn, bringing total non-mark-up expenses to Rs163.96bn.

Profit before credit loss allowance stood at Rs119.14bn. Operational performance was significantly boosted by a 48% drop in net credit loss provisioning (Rs4.09bn down from Rs7.81bn in 9MCY25), which pushed pre-tax profit up 3% to Rs115.05bn.

The bank absorbed a corporate tax charge of Rs60.94bn for the period (up 0.3% from Rs60.78bn in 9MCY25).

Backed by strong fee and forex income, expanded deposit spreads, and lower provisioning write-offs, Habib Bank Limited securely closed the nine-month period with its net profit reaching Rs54.11bn.

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