Karachi: Bank Al-Habib Ltd. (BAHL) announced its financial results for the second quarter of the calendar year 2026, reporting a net profit after tax of PkR8.0 billion, equivalent to earnings per share of PkR7.2. The quarterly earnings reflect a 12% decrease compared to the same period last year, though they rose by 13% from the previous quarter. The annual decline was largely due to increased non-markup expenses, while the quarterly improvement was driven by higher foreign exchange income, capital gains, and a reversal of provisions against expenses from the previous quarter.

According to AKD Securities Limited, the bank's net interest income fell by 1% year-on-year to PkR32.4 billion in the second quarter, as declining yields outpaced asset growth. Sequentially, the income also declined by 1%, attributed to the early repricing of funding costs following a policy rate hike. Despite these challenges, the bank declared a cash payout of PkR3.5 per share, consistent with expectations.

The report also highlighted a 16% year-on-year and a 3% quarter-on-quarter increase in Bank Al-Habib's deposits, which reached PkR2.9 trillion by June 2026. Simultaneously, the bank's investments rose by 17% year-on-year and 1% quarter-on-quarter, amounting to PkR2.3 trillion.