Bank Albilad’s net profit attributable to shareholders fell 3.4% to SR740.2 million in the third quarter of 2026, from SR766.5 million a year earlier, the Saudi lender said in a filing to the Saudi Exchange on Tuesday.
The bank attributed the decline to a 16% rise in total operating expenses, driven mainly by higher general and administrative costs, net impairment charges for expected credit losses, and depreciation and amortization. Salaries and employee-related costs fell.
Provisions for expected credit losses and other losses rose to SR82.4 million in the quarter, from SR33 million a year earlier.
Total operating income rose 5.3% to SR1.62 billion. Net income from investments climbed 26.4% to SR397 million, while net income from financing slipped 0.6% to SR875.4 million.
Compared with the second quarter, net profit fell 6.5% from SR791.6 million.
For the first nine months of the year, net profit rose 1.6% to SR2.27 billion, from SR2.23 billion a year earlier. Earnings per share for the period were SR1.43, compared with SR1.49.
Total assets stood at SR185.89 billion at the end of September, up 10.7% from a year earlier. Loans and advances rose 11.4% to SR132.76 billion, and customer deposits increased 12.7% to SR145.37 billion.
