KARACHI: JS Bank Limited has announced its financial results for the quarter ended March 31, 2026, reporting an unconsolidated profit after tax of Rs1.045 billion, compared to Rs1.289 billion recorded in the corresponding period last year, reflecting a year-on-year decline of approximately 19%. Earnings per share (EPS) stood at Rs0.51, down from Rs0.63 in the first quarter of 2025.
According to the financial statements approved by the bank’s Board of Directors on April 28, 2026, net mark-up and interest income declined to Rs6.68 billion from Rs7.48 billion a year earlier. Total income also eased to Rs9.51 billion, compared with Rs10.61 billion in the same period of 2025.
Operating expenses increased to Rs7.37 billion from Rs7.07 billion, resulting in a reduction in profit before credit loss allowance to Rs2.10 billion, compared with Rs3.48 billion in the corresponding quarter last year. The bank also recorded a net credit loss allowance and write-offs of Rs78.4 million, compared with a reversal of Rs742.3 million in the same period of 2025.
Profit before taxation stood at Rs2.18 billion, while taxation amounted to Rs1.13 billion, leading to the reported profit after tax of Rs1.04 billion for the quarter.
On the balance sheet, JS Bank’s unconsolidated total assets increased to Rs682.88 billion as of March 31, 2026, from Rs655.64 billion at the end of December 2025. Investments rose significantly to Rs367.10 billion, while advances stood at Rs211.33 billion. Customer deposits and other accounts also edged higher to Rs544.90 billion.
The bank’s net assets were reported at Rs46.00 billion, compared with Rs46.66 billion at the end of 2025, reflecting changes in reserves and retained earnings during the quarter.
The Board of Directors approved the unaudited financial statements at its meeting held on April 28, 2026, and stated that the bank’s quarterly report for the period ended March 31, 2026, will be circulated separately through the prescribed regulatory channels.
