Saudi National Bank stock: Nine-month profit rises 4.6%
Published on 10/31/2026 at 01:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNine-month earnings improve
- Saudi National Bank increased nine-month net income while earnings per share also rose year on year.
- Third-quarter profit edged lower as operating expenses and credit-loss charges increased.
- Saudi banks delivered mixed quarterly results, with Al Rajhi Bank leading the six-bank comparison.
Saudi National Bank reported stronger earnings for the first nine months of 2026, although quarterly profit softened. The results were published on October 21 and covered the period ended September 30, 2026, according to MarketScreener.
Nine-month profit moves higher
Net income attributable to shareholders reached SAR 19.479 billion for the nine months, up from SAR 18.628 billion a year earlier. Basic earnings per share from continuing operations rose to SAR 3.13 from SAR 2.99.
The quarterly picture was weaker. Third-quarter net income came in at SAR 6.450 billion, compared with SAR 6.469 billion in the same quarter of 2025, while basic earnings per share declined to SAR 1.02 from SAR 1.04.
Costs weigh on quarterly result
Arab News reported that SNB's quarterly profit fell 0.3 percent despite a 2.2 percent increase in operating income to SAR 10.37 billion. Expenses before provisions rose 9 percent, and provisions increased to SAR 323 million from SAR 231 million a year earlier.
The broader Saudi banking sector posted mixed results in the third quarter. Al Rajhi Bank, Bank AlJazira, Riyad Bank and Arab National Bank recorded year-on-year profit growth, while SNB and Alinma Bank reported marginal declines, according to Arab News.
Saudi National Bank's business
Saudi National Bank provides banking and investment management services in Saudi Arabia and offers Shariah-compliant banking products. Its operations span retail banking, wholesale banking, capital markets and international banking.
The bank competes with Al Rajhi Bank, Riyad Bank and Arab National Bank across the Saudi banking market. SNB has a diversified business mix spanning financing, treasury, wealth management, asset management, investment banking and brokerage, while the sector comparison showed Al Rajhi as the largest quarterly profit generator among the six banks covered by Arab News.
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More news and analyses are available on Saudi National Bank stock.
Saudi National Bank at a glance
- Company: The Saudi National Bank
- ISIN: SA13L050IE10
- Ticker: 1180
- Exchange: Saudi Arabian Exchange (Tadawul)
- Reporting period: Nine months ended September 30, 2026
- Nine-month net income: SAR 19.479 billion
- Third-quarter net income: SAR 6.450 billion
- Nine-month earnings per share: SAR 3.13
