FAB Revises Saudi Investment Bank Price Target Post-Q3 Earnings

05:44 AM EST, 11/05/2026 (MT Newswires) -- FAB Securities updated its price target for Saudi Investment Bank (SASE:1030) as it took note of the lender's third-quarter financial statements. "We maintain our BUY rating on SAIB with a revised target price of SAR 14.80 post bonus adjustment. SAIB reported a 2.2% YOY decline in net profit to SAR 507 Mn in 3Q26. The decline was primarily driven by lower non-funded income, higher operating expenses and a lower share of associates earnings, partially offset by lower financing impairments and zakat charges," analysts wrote in a Thursday first look note. FAB was expecting 541 million Saudi riyals in attributable net profit for the period. Operating income, on the other hand, edged up 0.3% annually to 1.05 billion riyals, compared with the research firm's estimate of 1.12 billion riyals. "Going forward, sustained financing growth, stable NIMs and lower provisions should continue to support SAIB's earnings resilience. However, the sharp decline in non-funded income and operating expenses growing faster than funded income remain key concerns. Despite this, the Bank's healthy balance sheet expansion and strong YOY deposit growth provide support to the medium-term outlook, although the rising loan-to-deposit ratio warrants monitoring," analysts added. According to the research firm's website, the stock's price target was 17.80 riyals as of Aug. 12.