{"id":101639,"date":"2025-10-21T00:00:00","date_gmt":"2025-10-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/21\/big-banks-report-higher-than-expected-net-income-for-3q\/"},"modified":"2025-10-21T00:00:00","modified_gmt":"2025-10-21T00:00:00","slug":"big-banks-report-higher-than-expected-net-income-for-3q","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/21\/big-banks-report-higher-than-expected-net-income-for-3q\/","title":{"rendered":"Big banks report higher-than-expected net income for 3Q"},"content":{"rendered":"

Four out of Saudi\u2019s big five banks are out with their 3Q results<\/strong>, logging high growth in net income (save for Riyad Bank). All banks managed to exceed analyst forecasts for net income during the quarter.<\/p>\n

<\/p>\n

\n

SAUDI NATIONAL BANK-<\/p>\n

Saudi Na<\/strong>tional Bank\u2019s (SNB) net income jumped 20.6% y-o-y to SAR 6.5 bn in 3Q 2025<\/strong>, its highest quarterly bottom line on record \u2014 and well above Bloomberg<\/a> \u2019s forecast of nearly SAR 5.5 bn \u2014 the bank said in a Tadawul disclosure<\/a> yesterday.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

The drivers: <\/strong>The growth is attributed to a 10.4% rise in total operating income, an 8.2% increase in fees from banking services, and 12% lower total operating expenses. Meanwhile, SNB\u2019s income from financing was up 3.1% y-o-y at SAR 12 bn in the third quarter, while income from investments increased 12.5% y-o-y to SAR 3.8 bn.<\/p>\n

On a 9M basis<\/strong>, the Kingdom\u2019s biggest lender by assets saw its net income increase 19.1% y-o-y to SAR 18.6 bn. Meanwhile, it posted a 3.3% y-o-y increase in total income from financing at SAR 34.4 bn and a 13.1% climb in income from investments at SAR 10.9 bn during the same period.<\/p>\n

\n

AL RAJHI BANK-<\/p>\n

Al Rajhi Bank recorded a 24.6% y-o-y rise in net income to SAR 6.4 bn in 3Q 2025<\/strong>, surpassing Bloomberg<\/a> analysts\u2019 forecast of SAR 5.8 bn, it said in a disclosure to Tadawul<\/a> yesterday.<\/p>\n

The drivers:<\/strong> The strong performance was supported by a 17.1% rise in total operating income, driven by higher net financing and investment income, as well as stronger fee and commission income, trading gains, and exchange income. Meanwhile, income from financing was up 14.5% y-o-y to SAR 11.8 bn, and income from investments climbed 34.1% to SAR 2.5 bn.<\/p>\n

Over the first nine months of 2025<\/strong>, the bank saw its net income rise 29.6% y-o-y to SAR 18.4 bn. Meanwhile, income from financing was up 17.3% y-o-y to SAR 34 bn and income from investments soared 36.4% to SAR 7.1 bn.<\/p>\n

\n

RIYAD BANK-<\/p>\n

Riyad Bank\u2019s net income edged up 1.3% y-o-y to SAR 2.7 bn in 3Q 2025<\/strong>, on the back stronger operating income despite rising operating expenses, it said in a disclosure to Tadawul<\/a> yesterday. The figure surpassed Bloomberg<\/a> analysts\u2019 estimate of SAR 2.5 bn and marks the slowest earnings growth among Saudi banks that have reported so far.<\/p>\n

Total income from financing increased 13.6% y-o-y to SAR 6.3 bn over the same period<\/strong>, while income from investments climbed 13.8% y-o-y to SAR 741.5 mn.<\/p>\n

On a 9M basis<\/strong>, Riyad Bank\u2019s net income rose 10% y-o-y to SAR 7.8 bn, driven by an 8.6% increase in total operating income to SAR 13.7 bn. Total income from financing increased 12.5% y-o-y to SAR 17.8 bn, while income from investments grew 16.6% y-o-y to SAR 2.2 bn.<\/p>\n

\n

BANQUE SAUDI FRANSI-<\/p>\n

Banque<\/strong> Saudi Fransi (BSF) saw its net income expand 17.9% y-o-y to SAR <\/strong>1.35 <\/strong>bn in 3Q <\/strong>2025<\/strong> \u2014 slightly surpassing Bloomberg analysts\u2019 expectations<\/a> which stood at SAR 1.32 bn \u2014 the bank said in a Tadawul disclosure<\/a> yesterday. The bank saw its total income from financing went up 4.5% y-o-y to SAR 3.8 bn over the same period and its income from investments climb 22.9% y-o-y to SAR 714 mn.<\/p>\n

On a 9M basis<\/strong>, net income increased 19.5% y-o-y to SAR 4.1 bn. Meanwhile, its total income from financing expanded 4.9% y-o-y to just shy of SAR 11 bn and its income from investments jumped 18.1% y-o-y to slightly over SAR 2 bn.<\/p>\n

\n

ALDREES-<\/p>\n

Aldr<\/a><\/strong>ees Petroleum and Transport Services<\/a><\/strong>\u2019 net income climbed 34.5% y-o-y to <\/strong>SAR 113.8 mn in 3Q 2025<\/strong>, it said in a Tadawul disclosure<\/a> yesterday. The increase was fueled by higher sales from its petrol and transport divisions and increased income from deposits and sukuk, which offset losses from an investment JV.<\/p>\n

MEANWHILE-<\/strong> Revenue grew 34.9% y-o-y to SAR 6.9 bn over the same period, buoyed by an increase in the number of service stations and higher efficiency in the transport and logistics division.<\/p>\n

On a 9M basis<\/strong>, the fuel retailer\u2019s bottom line posted a 28.3% y-o-y hike to SAR 313.6 mn, while its top line increased 34.6% y-o-y to SAR 18.9 bn.<\/p>\n

\n

KEEP AN EYE OUT-<\/p>\n