HMB 9MCY26 profit drops 19%

Habib Metropolitan Bank Limited (HMB) reported consolidated net profit of Rs14.31 billion for the nine months ended September 30, 2026, down 19% from Rs17.76 billion a year earlier, Mettis Global reported. Earnings per share fell to Rs13.07 from Rs16.44, while the bank’s board declared an interim cash dividend of Rs2.5 per share. In the third quarter, profit declined to Rs4.61 billion from Rs5.75 billion.

Net mark-up income fell 12% to Rs46.13 billion as mark-up expenses increased, while operating expenses rose 15% to Rs34.20 billion. Foreign exchange and dividend income improved, but gains on securities fell 40%, and total income was down 9% at Rs64.31 billion. Lower tax charges and a reversal of credit loss provisions provided some support, but profit before tax still dropped 22% to Rs29.74 billion.