Karachi: Soneri Bank Limited has announced its financial results for the first quarter ended March 31, 2026, posting a profit after tax of Rs1.339 billion, reflecting a solid start to the year despite a challenging banking environment. The results were approved by the bank’s Board of Directors at its 216th meeting held on April 27, 2026. The board also decided not to recommend any cash dividend, bonus shares, or right shares for the quarter.
The bank reported earnings per share (EPS) of Rs1.2146, compared with Rs1.0406 in the corresponding quarter of 2025, indicating improved profitability for shareholders. Profit before taxation stood at Rs2.795 billion, while taxation amounted to Rs1.456 billion, resulting in the final quarterly profit.
During the quarter, net mark-up/interest income reached Rs5.98 billion, compared with Rs7.29 billion in the same period last year. However, stronger non-mark-up income, including fee and commission earnings, foreign exchange income, and gains on securities, helped support the bank’s overall financial performance. Total income for the quarter amounted to approximately Rs8.80 billion.
On the balance sheet, total assets stood at Rs836.13 billion as of March 31, 2026. The bank’s investment portfolio increased to Rs492.74 billion, while advances rose to Rs223.85 billion, reflecting continued lending activity. Customer deposits remained the largest funding source at Rs685.05 billion, highlighting the bank’s stable deposit base.
The bank’s net assets were reported at Rs33.69 billion, supported by share capital of Rs11.02 billion, reserves of Rs7.49 billion, and retained earnings of Rs10.30 billion. Despite movements in revaluation reserves during the quarter, Soneri Bank maintained a healthy capital position.
The board confirmed that no dividend or other corporate action would be announced for the first quarter. It also noted that any material price-sensitive information, where applicable, would be disclosed separately in accordance with the Securities Act, 2015.
With improved earnings per share, steady lending growth, and a strong deposit franchise, Soneri Bank has begun 2026 on a stable footing. The bank’s performance demonstrates resilience amid evolving economic conditions and positions it to pursue further growth throughout the remainder of the year.
