Meezan Bank Limited has recorded a profit after tax of Rs. 73.94 billion for the nine months ended September 2026, up 7 percent from Rs. 69.33 billion a year earlier, according to Arif Habib Limited.
Earnings per share reached Rs. 41.07, compared with Rs. 38.50 in the same period last year. For the third quarter of 2026, profit after tax rose 14 percent year over year to Rs. 25.85 billion, while quarterly earnings per share increased to Rs. 14.36 from Rs. 12.62.
The bank maintained its dividend payout, declaring Rs. 8 per share for the third quarter. Its cumulative dividend for the first nine months of 2026 reached Rs. 23.50 per share, compared with Rs. 21 per share in the corresponding period last year.
Net profit before tax reached Rs. 157.83 billion in the first nine months, up 3 percent year over year. Net interest income increased 5 percent to Rs. 197.72 billion, while total income rose 7 percent to Rs. 233.81 billion.
Non-funded income remained broadly flat at around Rs. 12 billion, supported by fee income of Rs. 8.2 billion, up 6 percent, while foreign exchange income declined 12 percent to Rs. 2.8 billion.
Deposits and Advances Support Balance Sheet Growth
Meezan Bank’s deposits increased 24 percent year over year to Rs. 3.93 trillion, while net advances rose 42 percent to Rs. 1.61 trillion. Investments grew 21 percent to Rs. 3.04 trillion, and borrowings climbed 67 percent to Rs. 835.15 billion.
Operating expenses for the third quarter increased 20 percent quarter over quarter to Rs. 28 billion, while remaining broadly flat on a yearly basis. The bank’s cost-to-income ratio improved to around 35 percent from 38 percent in the third quarter of 2025, according to the report.
The bank recorded a provisioning reversal of Rs. 2.5 billion during the quarter. Its effective tax rate stood at approximately 52 percent for the quarter, compared with 55 percent in the second quarter of 2026.
MEBL shares are trading at a price-to-book ratio of 3.1 times, with a projected dividend yield of 5.8 percent for calendar year 2026.
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