Saudi Equity Research - Saudi National Bank (SNB) 3Q26 - Earnings Call Insight
Saudi National Bank (“SNB”) reported a 1.0% YOY increase in funded income to SAR 15,984 Mn in 3Q26, primarily due to a 2.6% YOY increase in funded income from the financing portfolio. SNB’s net funded income increased 10.2% YOY to SAR 8,048 Mn in 3Q26, supported by financing growth and favourable repricing dynamics, as funding costs declined faster than asset yields on a YOY basis.