Al Rajhi Bank’s net profit rose 11.7% to SR7.11 billion in the third quarter of 2026, from SR6.36 billion a year earlier, the Saudi lender said in a filing to the Saudi Exchange on Wednesday.
Quarterly profit was 1.3% higher than the SR7.01 billion reported in the second quarter.
Nine-month net profit climbed 13.3% to SR20.87 billion from SR18.42 billion. Earnings per share for the period rose to SR3.27 from SR2.90.
Total operating income for the third quarter increased 12.5% to SR11.12 billion. The bank attributed the gain to higher net financing and investment income, which rose 18.1%, and to higher fees from banking services.
Net income from financing reached SR7.66 billion in the quarter, up from SR6.37 billion a year earlier.
Impairment charges for financing rose 49.5% to SR852 million from SR570 million. The bank said gross charges increased 10.4%, while recoveries from written-off financing fell 13.4%.
Total operating expenses, including impairment charges, rose 15.2% in the quarter on higher general and administrative costs and staff salaries, the filing said.
Total assets stood at SR1.08 trillion at the end of September, up 1.8% from a year earlier. The financing and investment portfolio grew 2.5% to SR774.9 billion, and customer deposits rose 0.9% to SR700.3 billion.
Shareholders’ equity increased 12.5% to SR154.5 billion.
Al Rajhi Bank’s shares closed at SR60.15 on Tuesday, when the Saudi benchmark index fell 1.7% to its lowest close since April 2021.
