Banque Saudi Fransi’s net income rose 11.5% to SR1.51 billion in the third quarter of 2026, from SR1.35 billion a year earlier, the Riyadh-based lender said on Monday.
Net income for the first nine months of the year rose 7% to SR4.38 billion, from SR4.09 billion in the same period of 2025.
Third-quarter operating income rose 10.1% to SR2.86 billion, according to the bank’s filing on the Saudi Exchange. Net impairment charges for the quarter rose 14.3% to SR271 million, mainly on higher provisions for loans and advances.
For the nine months, net interest income rose 6% to SR6.86 billion as average interest-earning assets grew 8%. The net interest margin narrowed by 5 basis points to 3.01%.
Total assets reached SR338.6 billion at the end of September, up 8% from a year earlier. Loans and advances rose 7% to SR230.4 billion, and customer deposits rose 9% to SR203.2 billion.
The cost-to-income ratio rose by 17 basis points to 32.9%. Cost of risk was 0.43%, and return on average equity was 12.4%.
Third-quarter profit was above the SR1.46 billion average of analyst estimates compiled by Argaam.
“Our results for the first nine months reflect continued growth across our business, with higher earnings, lending and deposits, while asset quality and cost of risk remained broadly stable,” Chief Executive Officer Bader AlSalloom said.
BSF shares closed 0.57% lower at SR19.24 on Monday.
