JS Bank Reports 67% YoY Growth in Profit After Tax for 9M 2026

JS Bank Limited (PSX: JSBL) disclosed its financial results for the nine months ending September 30, 2026, revealing an impressive 67% year-over-year increase in profit after tax, totaling PKR 4.300 billion. This significant growth contrasts with PKR 2.569 billion during the same period last year. The company's earnings per share (EPS) surged to PKR 2.10 from PKR 1.25, demonstrating robust financial health.

JS Bank maintained a robust balance sheet, with total assets expanding by 12% to PKR 733.719 billion, up from PKR 655.636 billion at December 2025. Total deposits also grew by 10%, reaching PKR 598.123 billion from PKR 543.502 billion. The bank's strategic shift towards a more sustainable, cost-effective deposit base is evident, as the share of non-remunerative deposits rose to 43.35% from 40.87% at December 2025.

Operational performance was bolstered by diversified revenue streams, with fee income growing by 4.34% to PKR 3.828 billion. Despite this, disciplined cost management kept non-markup expenses increase to just 3.3%, totaling PKR 23.152 billion. Notably, the bank recorded a net reversal of credit loss allowances of PKR 1.733 billion, a stark contrast to a net charge of PKR 3.182 billion in the previous year, which boosted reported profitability.

The bank's sixth Tier-2 Term Finance Certificate (TFC) issuance of PKR 4 billion marked a positive development, bolstered by improved profitability and added Tier-2 capital. This, along with a Capital Adequacy Ratio (CAR) of 13.30% as of September 30, 2026, underscores JS Bank's strong financial position.

Commenting on the results, Basir Shamsie, President & CEO of JS Bank, expressed satisfaction with the company's progress in enhancing its financial standing and expanding its core business. He highlighted the encouraging trends in deposit growth, the improvement in the low-cost deposit mix, and disciplined cost management. Shamsie emphasized the bank's commitment to sustainable growth, elevating customer experience, and meeting the financing demands of key sectors in Pakistan's economy.