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

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

21/04/2026 Argaam Exclusive

View other reports

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.

 

View more financial results

 

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.