Samba Bank profit surges 48% in 1HCY26

Samba Bank Limited (PSX: SBL) posted a 48% rise in net profit for the six months to June 30, 2026, according to Mettis Global. Profit after tax reached Rs273.67m, up from Rs185.53m a year earlier, which lifted basic and diluted earnings per share to Rs0.27 from Rs0.18. Total income, however, fell 21% to Rs3.02bn from Rs3.83bn in the same period last year.

Net mark-up income dropped 25% to Rs2.22bn from Rs2.94bn, as mark-up expense climbed 13% to Rs8.85bn while mark-up earned grew 3% to Rs11.07bn. Non-markup income also slipped 9% to Rs804.64m, with fee income up 25%, dividend income up 37% and securities gains up 13%, but foreign exchange income fell 45% to Rs190.87m. Operating expenses rose 6% to Rs2.69bn, leaving profit before credit loss allowances and provisions down 75% at Rs326.52m.

A net reversal of Rs228.23m in provisions, compared with a net charge of Rs883.53m a year earlier, lifted profit before tax 37% to Rs554.75m. Taxation increased 28% to Rs281.08m, a slower rise than pre-tax profit, so profit after tax grew 48% over the six-month period.