SNB profit climbs 5% to SAR 19.5B in 9M 2026; Q3 at SAR 6.5B

21/10/2026 Argaam Exclusive

Content Summary:

Loading data...

Comments Analysis:

Positive: 0%
Neutral: 0%
Negative: 0%
Comments Summary:Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original sources for complete details and to verify the accuracy of the information.
Saudi National Bank (SNB) reported a net profit of SAR 19.5 billion in the first nine months of 2026, a rise of 5% from SAR 18.63 billion in the year-earlier period.


Financials (Million Riyal)

Item 9m 2025 9m 2026 Change‬
Net Special Commission Income 21,626.00 23,411.00 8.3 %
Operating Income 29,267.39 30,599.00 4.5 %
Total Provisions (93.00) (3.00) 96.8 %
Net Income 18,627.80 19,479.00 4.6 %
Average Shares 6,000.00 6,000.00 -
Earnings Per Share before unusual items (Riyals) 3.10 3.25 4.6 %
EPS (Riyal) 3.10 3.25 4.6 %
EPS Diluted (Riyal) 2.99 3.13 4.7 %

The bank attributed the year-on-year (YoY) profit decline to a 9.0% increase in operating expenses before expected credit losses to SAR 2.7 billion, including a 1.3% rise in employee expenses, a 41.3% increase in depreciation and amortization, and a 13.2% rise in other administrative expenses.

 

It also cited a 2.7% rise in financing portfolio income and a 97.2% decline in net expected credit loss provisions.

 

Net profit fell 0.3% to SAR 6.45 billion in Q3 2026, compared to SAR 6.46 billion in Q3 2025.

 

The bank attributed the year-on-year (YoY) profit decline to a 9.0% increase in operating expenses to SAR 2.7 billion, including a 1.3% rise in employee expenses, a 41.3% increase in depreciation and amortization, and a 13.2% rise in other administrative expenses.

 

This was compounded by a 39.6% increase in credit loss provisions, despite a 1.0% rise in financing and investment income to SAR 16.0 billion and a 2.6% increase in financing portfolio income.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q3 2025 Q3 2026 Change‬
Net Special Commission Income 7,304.00 8,048.00 10.2 %
Operating Income 10,145.49 10,366.00 2.2 %
Debt Provisions (231.00) (323.00) (39.8 %)
Net Income 6,468.66 6,450.00 (0.3 %)
Average Shares 6,000.00 6,000.00 -
Earnings Per Share before unusual items (Riyal) 1.08 1.08 (0.3 %)
EPS (Riyal) 1.08 1.08 (0.3 %)
EPS Diluted (Riyal) 1.04 1.02 (2.3 %)

On quarterly basis, net profit declined by 2.4%, compared to SAR 6.6 billion in Q2 2026.

 

The quarter-on-quarter decline was driven by a 2.0% drop in operating income to SAR 10.4 billion, including decreases of 4.9% in net foreign exchange income and 35.1% in investment gains.



Balance Sheet (Billion Riyal)

Item 9m 2025 9m 2026 Change‬
Assets 1,206.61 1,262.27 4.6 %
Customer Deposits 639.49 669.86 4.7 %
Loan 725.09 758.10 4.6 %

Total shareholders’ equity, excluding minority interest and sukuk, increased to SAR 186.7 billion as of Sept. 30, 2026, from SAR 179.7 billion a year earlier.

 

 

View More Financial Results

 

View other reports

Share Price

The Saudi National Bank
36.48
(0.06) (0.16 %)

The Saudi National Bank (SNB)

More


Financial Ratios
Current
Market Cap (M Riyal) 218,880.00
Shares Outstanding ((M)) 6,000.00
Recurring EPS ( Riyal) (TTM) 4.31
EPS Diluted ( Riyal) (TTM) 4.12
Book Value (BV) ( Riyal) 31.02
Par Value ( Riyal) 10.00
Recurring P/E (TTM) 8.46
P/E (TTM) 8.46
Price/book 1.18
Dividend Yield (%) (Last Year) 5.89
Return on Average Assets (%) (TTM) 2.1
Return on Average Equity (%) (TTM) 14.1
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request