Bank Albilad (1140) Q1 2026 earnings summary

Executive summary

• Net income after zakat for Q1 2026 reached SAR 735.8 million, up from SAR 700.4 million year-over-year.

• Total assets grew to SAR 179.96 billion as of March 31, 2026, compared to SAR 159.10 billion a year earlier.

• The bank issued a USD 500 million Additional Tier 1 Sukuk in January 2026, strengthening its capital base.

Financial highlights

• Operating income for Q1 2026 was SAR 1.53 billion, up from SAR 1.46 billion in Q1 2025.

• Earnings per share (EPS) for Q1 2026 stood at SAR 0.49, compared to SAR 0.47 in Q1 2025.

• Customer deposits increased to SAR 140.29 billion from SAR 124.02 billion year-over-year.

• Financing, net, rose to SAR 129.80 billion from SAR 112.43 billion year-over-year.

• Total equity reached SAR 23.66 billion, up from SAR 17.59 billion a year earlier.

Outlook and guidance

• Management recognized overlays for expected credit losses due to heightened geopolitical risks in the Middle East, indicating a cautious outlook.

• The bank will continue to reassess ECL estimates as more data becomes available.