Financial Results : BSF reports 3% profit growth to SAR 1.38B in Q1 2026

BSF reports 3% profit growth to SAR 1.38B in Q1 2026

21/04/2026 Argaam Exclusive

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Banque Saudi Fransi (BSF) reported a net profit of SAR 1.38 billion in Q1 2026, an increase of 3% from SAR 1.34 billion in the year earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2025 Q1 2026 Change‬
Net Special Commission Income 2,118.00 2,217.00 4.7 %
Operating Income 2,638.00 2,708.00 2.7 %
Debt Provisions (280.00) (246.00) 12.1 %
Net Income 1,338.00 1,381.00 3.2 %
Average Shares 2,500.00 2,500.00 -
Earnings Per Share before unusual items (Riyal) 0.54 0.55 3.2 %
EPS (Riyal) 0.54 0.55 3.2 %
EPS Diluted (Riyal) 0.50 0.52 4.0 %

The company attributed higher profits to a 5.6% rise in total special commission income and a 4.6% increase in net special commission income (NSCI), driven by higher financing and investment returns.

 

Operating income also grew due to higher NSCI, dividend income, and gains on non-trade investments, partly offset by lower fee, commission, and foreign exchange income.

 

Additionally, net provisions for financing and other financial assets declined by 12.1%, mainly due to lower provisions for other financial assets and expected credit losses (ECL) on loans and advances.

 

In Q1 2026, BSF’s net earnings climbed by 3.2% from SAR 1.33 billion in Q1 2025.

 

On a quarterly basis, net profit grew 9.6% from SAR 1.26 billion in Q4 2025.

Balance Sheet (B)

Item 3m 2025 3m 2026 Change‬
Assets 303.58 324.81 7.0 %
Customer Deposits 190.73 199.58 4.6 %
Loan 208.98 221.93 6.2 %

Total shareholders’ equity, no minority equity and after deducting sukuk, reached SAR 43.58 billion as of March 31, 2026, compared to SAR 41.02 billion a year earlier.

 

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