Riyad Bank’s Third-Quarter 2026 Profit Beats Analysts’ Estimates by 9%
Key Facts
Riyad Bank’s net profit beat analysts’ estimates by 9% in the third quarter of 2026, according to Investing.com. The bank reported profit attributable to the issuer’s shareholders of 2,865,749 thousand riyals, compared with 2,687,401 thousand riyals in the same period of 2025. That represented annual growth of 6.636%, while profit rose 8.181% from the second quarter, when it reached 2,649,028 thousand riyals. The results placed quarterly and annual profit growth alongside a beat on estimates, with more than one income line contributing to performance. Investing.com said the results “beat analysts’ estimates by 9%.”
Net interest income rose 3% quarter on quarter and 9% compared with the third quarter of the previous year, coming in 1% above the average estimate, according to Investing.com. Non-interest income increased 15% from the previous quarter and 4% year on year, exceeding estimates by 20%. The report attributed the growth in this income to fees, trading and foreign exchange operations. The comparison shows non-interest income performed more strongly than net interest income relative to analysts’ estimates. Investing.com said this income “exceeded consensus estimates by 20%.”
Profit growth extended to the first nine months of 2026, when the bank reported net profit of 8,128 million riyals, up 4.6% from the corresponding period of the previous year. Over the same period, loans and advances rose 4.6%, while customer deposits increased 1.2%, according to the bank. The institution said its total assets exceeded half a trillion riyals in a statement issued on 21 October 2026. It also reported that its market share in financing small and medium-sized enterprises was 26%, according to the latest published data it cited. In the same context, on 21 October it announced a memorandum of understanding with the National Technology Development Program to provide a 3.75 billion riyal financing portfolio for small and medium-sized enterprises in the technology sector.
Investing.com reported that the bank’s stock rose 3% on Wednesday after the results were released. EL7 data show the stock, listed under ticker 1010.sr, closed at 19.51 riyals on 3 November 2026. The bank had scheduled a virtual call to discuss its third-quarter results on the same day, Tuesday 3 November, at 4:00 p.m. Saudi time. The scheduled call gives participants an opportunity to discuss the third-quarter results with the bank, according to the announcement of its timing. The available closing data did not confirm the stock’s high and low prices for that day.