The Saudi National Bank (1180) Q2 2026 earnings summary

Executive summary

• Net income for the six months ended 30 June 2026 rose to SAR 13.04 billion, up from SAR 12.11 billion year-over-year.

• Total assets reached SAR 1.24 trillion, an increase from SAR 1.20 trillion as of 30 June 2025.

• Operating income for the six-month period was SAR 20.23 billion, compared to SAR 19.12 billion in the prior year.

• The bank operates 489 branches and maintains a strong presence in Saudi Arabia and select international markets.

Financial highlights

• Net special commission income for H1 2026 was SAR 15.39 billion, up from SAR 14.34 billion year-over-year.

• Total operating expenses before expected credit losses were SAR 5.59 billion, slightly up from SAR 5.49 billion year-over-year.

• Earnings per share for the six-month period increased to SAR 2.11 from SAR 1.95 year-over-year.

• Customers' deposits stood at SAR 698.2 billion, up from SAR 658.7 billion as of 30 June 2025.

• Investments, net, reached SAR 322.2 billion, compared to SAR 315.5 billion a year earlier.

Outlook and guidance

• The bank continues to monitor geopolitical risks and macroeconomic conditions, with scenario analysis indicating an immaterial impact on credit losses as of 30 June 2026.

• Management remains vigilant regarding oil price movements and their implications for credit, liquidity, and solvency.