Public Bank Berhad (PBBANK) investor relations material

Executive summary

• 9M 2026 net income rose 2.6% to RM11,258.2m; pre-tax profit fell 0.6% to RM7,053.4m, while profit attributable to equity holders edged up 0.02% to RM5,349.4m.

• Loans and deposits grew at annualised rates of 6.2% and 4.1%; net ROE was 12.0%, credit cost 0.09% and gross impaired loans ratio 0.55%.

Financial highlights

• 9M net interest income rose 1.2% to RM8.55bn and non-interest income increased 7.0% to RM2.71bn; net fee and commission income rose to RM1,802.1m from RM1,633.5m.

• 9M operating profit increased 2.4% to RM7,321.7m; operating expenses rose 2.8% to RM3,936.5m and loan impairment allowance to RM294.5m from RM83.9m.

• 9M EPS was 27.63 sen versus 27.69 sen; Q3 net profit attributable to equity holders fell 3.8% YoY to RM1,773.1m.

• Q3 net interest income rose 1.0% QoQ to RM2.88bn, while non-interest income fell 7.2% to RM906.5m; net profit declined 2.8% QoQ.

• Q3 pre-tax profit fell 4.4% YoY to RM2,345.0m; lower investment income and higher impairment allowance partly offset growth in fees and net interest and Islamic banking income.

Outlook and guidance

• 2026 global growth is expected to be modest; Malaysia is supported by domestic demand, stable income growth, policy support, investment activity and E&E and ICT exports.

• Priorities include retail and SME financing, wealth management and insurance offerings, prudent treasury growth, regional presence, digital transformation, customer service and disciplined risk and cost management.

• Sustainability targets remain carbon neutral Scope 1 and 2 by 2030, net zero carbon by 2050 and RM100b in sustainable financing by 2030; technology, cybersecurity and climate-risk integration are also priorities.