Karachi: MCB Bank Limited revealed its financial results for the first quarter of the calendar year 2026, reporting a net profit after tax of PkR13.1 billion, equivalent to earnings per share of PkR11.1. This marks an 11% decrease year-on-year and a 7% decline quarter-on-quarter. The bank's performance fell short of projections due to higher provisioning, contrary to expectations of reversals. In a concurrent announcement, MCB declared an interim cash payout of PkR9.0 per share.
According to AKD Securities Limited, the bank's net interest income rose to PkR41.7 billion in 1QCY26, reflecting a 7% increase year-on-year and a 1% rise quarter-on-quarter. This growth was driven by an expanded asset book, which offset a decline in yields. Meanwhile, the mark-up earned reached PkR80.0 billion, a 3% year-on-year increase but a 4% drop quarter-on-quarter. The bank recorded a mark-up expense of PkR38.4 billion, which decreased by 1% year-on-year and 9% quarter-on-quarter. The net interest margins (NIMs) for the bank were estimated to have decreased to 5.7% in the first quarter of 2026, compared to 6.0% in the same period last year and 5.7% in the fourth quarter of 2025.
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