SNB profit up 19% to SAR 18.63B in 9M 2025; Q3 at SAR 6.47B

20/10/2025 Argaam Exclusive

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Saudi National Bank (SNB) reported a net profit of SAR 18.63 billion in the first nine months of 2025, a rise of 19% from SAR 15.64 billion in the year-earlier period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Net Special Commission Income 20,805.00 21,649.00 4.1 %
Operating Income 27,050.41 29,267.00 8.2 %
Total Provisions (999.00) (93.00) 90.7 %
Net Income 15,636.27 18,628.00 19.1 %
Average Shares 6,000.00 6,000.00 -
Earnings Per Share before unusual items (Riyals) 2.61 3.10 19.1 %
EPS (Riyal) 2.61 3.10 19.1 %
EPS Diluted (Riyal) 2.53 2.99 18.2 %

Special commission income rose 5.5% year-on-year (YoY) to SAR 45.3 billion, supported by a 3.3% increase from the financing portfolio and a 13.1% rise from investments.


Total operating income also climbed 8.2% to SAR 29.3 billion, driven by higher net special commission income by 4.1%, net fees from banking services by 11.5% and total investment gains/income by 35.5%. SNB's total operating expenses also decreased by 13%.

 

 

Meanwhile, net impairment charge for expected credit losses decreased by 90.7%.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Net Special Commission Income 6,841.00 7,307.00 6.8 %
Operating Income 9,194.55 10,145.00 10.3 %
Debt Provisions (224.00) (231.00) (3.1 %)
Net Income 5,366.10 6,469.00 20.6 %
Average Shares 6,000.00 6,000.00 -
Earnings Per Share before unusual items (Riyal) 0.89 1.08 20.6 %
EPS (Riyal) 0.89 1.08 20.6 %
EPS Diluted (Riyal) 0.87 1.04 19.5 %

The third-quarter net profit grew 21% to SAR 6.47 billion, compared to SAR 5.37 billion in Q3 2024, driven by higher total operating income along with lower total operating expense.

 

The net earnings improved by 5.4% from SAR 6.13 billion in Q2 2025.

Balance Sheet (B)

Item 9m 2024 9m 2025 Change‬
Assets 1,124.61 1,206.61 7.3 %
Customer Deposits 634.19 639.49 0.8 %
Loan 655.31 725.09 10.6 %

Total shareholders’ equity, excluding minority interest and sukuk, increased to SAR 177.78 billion as of Sept. 30, 2025, from SAR 167.89 billion a year earlier.

 

Customer deposits increased by 10.3% YoY during the period.

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Share Price

The Saudi National Bank
39.14
0.64 1.66 %

The Saudi National Bank (SNB)

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Financial Ratios
Current
Market Cap (M Riyal) 234,840.00
Shares Outstanding ((M)) 6,000.00
EPS ( Riyal) (TTM) 4.03
EPS Diluted ( Riyal) (TTM) 3.90
Book Value (BV) ( Riyal) 29.63
Par Value ( Riyal) 10.00
Recurring P/E 9.71
P/E (TTM) 9.71
Price/book 1.32
Return on Average Assets (%) (TTM) 2.1
Return on Average Equity (%) (TTM) 14.0
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