SNB profit climbs 7% to SAR 6.42B in Q1 2026

21/04/2026 Argaam Exclusive

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Saudi National Bank (SNB) reported a net profit rise of 7% to SAR 6.42 billion in Q1 2026, compared to SAR 6.02 billion in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2025 Q1 2026 Change‬
Net Special Commission Income 7,251.00 7,496.00 3.4 %
Operating Income 9,612.00 9,650.00 0.4 %
Debt Provisions (31.00) 578.00 1964.5 %
Net Income 6,022.00 6,423.00 6.7 %
Average Shares 6,000.00 6,000.00 -
Earnings Per Share before unusual items (Riyal) 1.00 1.07 6.7 %
EPS (Riyal) 1.00 1.07 6.7 %
EPS Diluted (Riyal) 0.96 1.04 8.3 %

Special commission income rose 3.1% to SAR 14.8 billion due to a 4.4% increase in special commission income from financing.

 

Further, total operating income inched up 0.4% year-on-year (YoY) to SAR 9.7 billion, while total operating expenses fell 19.4% YoY on lower rent and premises-related expenses.

 

The bank also cited a 10.4% decline in depreciation/amortisation of property, equipment, software and right of use assets expenses along with a decrease of SAR 609 million in the net impairment charge for expected credit losses.

Balance Sheet (B)

Item 3m 2025 3m 2026 Change‬
Assets 1,171.08 1,228.50 4.9 %
Customer Deposits 626.39 665.46 6.2 %
Loan 706.43 732.66 3.7 %

On a quarterly basis, net earnings inched up 0.6% from SAR 6.38 billion in Q4 2025.

 

Total shareholders’ equity, excluding minority interest and sukuk, reached SAR 192.7 billion by March 31, 2026, compared to SAR 172.2 billion in a year earlier period.

 

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Share Price

The Saudi National Bank
40.70
(1.00) (2.40 %)

The Saudi National Bank (SNB)

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Financial Ratios
Current
Market Cap (M Riyal) 244,200.25
Shares Outstanding ((M)) 6,000.00
EPS ( Riyal) (TTM) 4.24
EPS Diluted ( Riyal) (TTM) 4.11
Book Value (BV) ( Riyal) 32.12
Par Value ( Riyal) 10.00
Recurring P/E 9.61
P/E (TTM) 9.61
Price/book 1.27
Return on Average Assets (%) (TTM) 2.1
Return on Average Equity (%) (TTM) 13.9
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