Saudi National Bank, the kingdom’s largest lender by assets, reported third-quarter 2026 net profit of SR6.45 billion, down 0.3% from SR6.47 billion a year earlier, according to a filing to the Saudi Exchange on Wednesday.
Profit fell 2.4% from SR6.61 billion in the second quarter.
The bank said the year-on-year decline was mainly due to higher operating expenses and a larger net impairment charge for expected credit losses.
Total operating income rose 2.2% to SR10.37 billion in the quarter. Operating expenses before provisions climbed 9.0% to SR2.72 billion, and net credit-loss provisions increased to SR323 million from SR231 million.
For the first nine months, net profit rose 4.6% to SR19.48 billion from SR18.63 billion. Earnings per share increased to SR3.13 from SR2.99.
Total assets reached SR1.26 trillion at the end of September, up 4.6% from a year earlier. Loans and advances rose 4.6% to SR758.1 billion, and customer deposits grew 4.7% to SR669.9 billion.
Other Saudi lenders also reported results on Wednesday. Al Rajhi Bank’s third-quarter net profit rose 11.7% to SR7.11 billion, and Riyad Bank’s increased 6.6% to SR2.87 billion.
Alinma Bank’s quarterly profit was little changed at SR1.59 billion, down 0.2%. Arab National Bank posted a 1.7% rise to SR1.35 billion, and Bank Aljazira reported a 17.9% increase to SR471.6 million.
