HBL posts 9M’26 profit before tax of Rs115bn
KARACHI: HBL declared a record quarterly profit before tax of Rs 41.9 billion for the third quarter of 2026. The Bank’s total profit before tax for nine months ended September 30, 2026, increased to Rs 115 billion while the profit after tax rose to Rs 54.1 billion. EPS for 9M’26 increased to Rs 36.84. Along with the results, the Bank declared an interim cash dividend for the third quarter ended…
HBL reported a record quarterly profit of Rs 41.9 billion before tax for Q3 2026, with total profit for the first nine months of the year reaching Rs 115 billion. The earnings per share (EPS) increased to Rs 36.84. The bank declared an additional interim cash dividend of Rs 6.0 per share for the third quarter, on top of the previously paid Rs 12 per share, marking a 120% dividend payout.
HBL's balance sheet expanded by 16% to Rs 8.9 trillion, with total deposits closing at Rs 5.9 trillion. Domestic deposits rose to Rs 5.1 trillion, driven by strong current account mobilization, leading to an improved domestic credit allocation to 40.2% in Q3 2026. The bank's lending portfolio continued to grow, with total advances reaching Rs 2.2 trillion, including a stellar performance in consumer lending at Rs 199 billion and agriculture financing at over Rs 119 billion.
Net interest income grew to Rs 210 billion, bolstered by a Rs 600 billion increase in average balance sheet size and a strong funding mix. Non-fund income increased to Rs 73 billion, driven by double-digit growth in fees and commissions and solid treasury business performance. Total revenue increased to Rs 283 billion. The bank maintained disciplined cost management, resulting in a 6% growth in administrative expenses.
HBL's Tier 1 Capital Ratio (Tier 1 CAR) and Total Capital Ratio (Total CAR) remained well above required levels at 12.75% and 16.09%, respectively. HBL's CEO Muhammad Nassir Salim attributed the strong results to the bank's diversified business base, technology investments, and focus on efficiency. HBL also announced strategic collaborations, including a partnership with UnionPay International, the inauguration of its first Trade Business Centre in Sindh, and the establishment of an HBL Prestige Lounge in Sukkur to cater to high-net-worth individuals.
HBL's Islamic Banking division was appointed as the Exclusive Banking Partner for Hajj 2027, and the bank hosted Roshan Digital Account (RDA) roadshows in London and Birmingham to engage with overseas Pakistanis. HBL's Foundation allocated approximately Rs 300 million towards various social causes in Pakistan during the first nine months of 2026.
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