Saudi National Bank Logs Lower Net Income in Third Quarter

05:57 AM EDT, 10/21/2026 (MT Newswires) -- Shares in Saudi National Bank (SASE:1180) edged lower on Wednesday after the lender reported a slight decline in third-quarter net profit. Attributable net profit for the three months ended Sept. 30 came in at 6.45 billion Saudi riyals, compared with 6.47 billion riyals in the year-ago period. The Tadawul-listed bank's total operations profit, however, rose to 10.37 billion riyals from 10.15 billion riyals previously. The bank allocated 323 million riyals in total provisions for any potential credit and other losses during the quarter. This figure compares to provisions of 231 million riyals in the same period a year ago. For the nine months, the lender's net income attributable to shareholders rose year over year to 19.48 billion riyals from 18.63 billion riyals. EPS rose to 3.13 riyals from 2.99 riyals. The loans and advances portfolio stood at 758.1 billion riyals as of Sept. 30, compared to 725.09 billion riyals in the previous year. Client deposits increased to 669.86 billion riyals from 639.49 billion riyals. The bank's shares were marginally lower during midday trading in Riyadh.