Karachi: Faysal Bank Ltd. (FABL) announced its financial results for the third quarter of the calendar year 2026, reporting a net profit after tax of PkR5.2 billion, reflecting a 3% increase year-on-year and a 6% rise quarter-on-quarter. This growth is largely attributed to the expansion of the bank's balance sheet. In addition to the results, the bank declared a dividend of PkR1.5 per share, bringing the total cash payout for the first nine months of the year to PkR4.5 per share.

According to AKD Securities Limited, FABL's net profit and returns grew by 9% year-on-year and 10% quarter-on-quarter, reaching PkR19.2 billion in the third quarter. This increase was driven by growth in earning assets and supported by higher yields. The bank's deposits saw a 22% year-on-year increase, remaining flat quarter-on-quarter at PkR1.6 trillion as of September 2026. On the asset side, investments rose by 11% year-on-year and 10% quarter-on-quarter to PkR782 billion, while financing stood at PkR781 billion, marking an 8% year-on-year increase but a 4% quarter-on-quarter decline.

AKD Securities Limited maintains a 'BUY' recommendation for FABL, with a target price of PkR134.0 per share by December 2026. The positive outlook is based on the bank's deposit growth, stabilization of net interest margins, and strong asset quality.