Meezan Bank Limited recorded a profit after tax of Rs73.94 billion for the nine months ended September 2026, up 7 per cent from Rs69.33 billion a year earlier, according to Arif Habib Limited.
Earnings per share reached Rs41.07, compared with Rs38.50 in the same period last year. For the third quarter alone, profit after tax rose 14 per cent year on year to Rs25.85 billion, while quarterly earnings per share increased to Rs14.36 from Rs12.62.
Meezan Bank profit 9 months: dividends and income break-up
The bank maintained its dividend payout, declaring Rs8 per share for the third quarter. Its cumulative dividend for the first nine months of 2026 reached Rs23.50 per share, compared with Rs21 in the corresponding period last year.
Net profit before tax stood at Rs157.83 billion for the nine months, up 3 per cent year on year. Net interest income increased 5 per cent to Rs197.72 billion, while total income rose 7 per cent to Rs233.81 billion.
Non-funded income remained broadly flat at around Rs12 billion. Fee income supported the line at Rs8.2 billion, up 6 per cent, while foreign exchange income declined 12 per cent to Rs2.8 billion.
Balance sheet keeps expanding
Deposits increased 24 per cent year on year to Rs3.93 trillion, while net advances surged 42 per cent to Rs1.61 trillion. Investments grew 21 per cent to Rs3.04 trillion, and borrowings climbed 67 per cent to Rs835.15 billion.
Operating expenses for the third quarter increased 20 per cent quarter on quarter to Rs28 billion, though they remained broadly flat on a yearly basis. The bank’s cost-to-income ratio improved to around 35 per cent from 38 per cent in the third quarter of 2025.
The bank recorded a provisioning reversal of Rs2.5 billion during the quarter. Its effective tax rate stood at approximately 52 per cent for the quarter, compared with 55 per cent in the second quarter of 2026. Meezan shares trade at a price-to-book ratio of 3.1 times, with a projected dividend yield of 5.8 per cent for calendar year 2026.
The quarterly numbers show momentum picking up: third-quarter profit grew 14 per cent year on year, double the 7 per cent pace for the nine months, while the improved cost-to-income ratio points to tighter expense control as the balance sheet expanded.
Earnings season in context
The result extends a strong run for Pakistan’s corporate sector. The country’s top 20 textile firms posted a combined Rs52 billion profit in FY26, showing that listed companies are still growing even as the KSE-100 plunged over 1,400 points on selling pressure and the government taps global debt markets with fresh Eurobond issues.
The broader economy, though, remains fragile. The World Bank puts the poverty rate at 29 per cent, a reminder that boardroom profits and household incomes are moving in different directions.
Frequently asked questions
How much profit did Meezan Bank make in nine months?
Rs73.94 billion after tax for the nine months ended September 2026, up 7 per cent from Rs69.33 billion a year earlier.
What dividend did Meezan Bank declare?
Rs8 per share for the third quarter, taking the nine-month cumulative dividend to Rs23.50 per share.
How fast did Meezan Bank’s deposits grow?
Deposits rose 24 per cent year on year to Rs3.93 trillion, while advances surged 42 per cent to Rs1.61 trillion.
What is Meezan Bank’s cost-to-income ratio?
Around 35 per cent in the third quarter of 2026, improved from 38 per cent in the same quarter of 2025.
