Earnings release
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Investor Relations Contact ir@alahli.com 21 October 2026 SNB 3Q 2026 Earnings Release Page 1 of 5 Classified as Public / عام 9M 2026 SNB Earnings Release SNB Reports Record Net Income of SAR 19.5 billion in 9M 2026, Up 5% year over year, Supported by Higher Operating Income, Continued Cost Discipline and Strong Credit Quality 9M 2026 Financial Results Highlights: ▪ Net income attributable to equity holders grew 5% YoY to reach SAR 19.5 billion in 9M 2026 ▪ Return on Tangible Equity (RoTE) reached 16.8%, with Adjusted RoTE at 18.1% ▪ Total operating income increased by 5% YoY to SAR 30.6 billion ▪ Operating expenses increased by 4% YoY to SAR 8.3 billion in 9M 2026, while improving sequentially by 3% QoQ in 3Q 2026 ▪ The Cost-to-income ratio improved YoY by 3bps in 9M 2026 to 25.1% and the Domestic Cost-to-income ratio came in at 22.6% ▪ Credit quality continues to be strong, with a net impairment charge for 9M 2026 amounting to SAR 2.6 million, representing a 97% decrease YoY ▪ Total assets increased by 4% YTD reaching a record SAR 1.3 trillion, with ongoing focus on value driven growth in Financing and advances ▪ Net financing and advances increased by SAR 29 billion or 4% YTD to reach SAR 758 billion ▪ Customers’ deposits grew by SAR 34 billion, or 5% YTD to reach SAR 670 billion with a CASA ratio of 66.2% ▪ Capitalization and liquidity continue to be robust, and within all regulatory thresholds, where the Capital adequacy ratio stood at 21.1%, LCR at 202.4%, NSFR at 114.5%, and SAMA LDR at 83.6% Riyadh, 21 October 2026. SNB reported a record Net income attributable to equity holders of SAR 19.5 billion for 9M 2026, a 5% increase compared to 9M 2025. The strong performance was driven by higher Operating income, continued cost discipline, and strong credit quality. 3Q 2026 Net income attributable to equity holders for the three months period amounted to SAR 6.5 billion, in line with the performance for the similar prior year period. Total operating income increased 5% YoY to SAR 30.6 billion, supported by 8% YoY growth in NSCI, partially offset by a 6% decline in Fee & other income. The net special commission income (NSCI) margin came in at 2.93% in both 9 M 2026 and 3Q 2026 , improving by 6bps YoY while declining by 9bps QoQ, respectively. SNB continues to optimize funding costs despite the pressures of higher benchmark rates. On a sequential quarterly basis, the careful management of funding costs, combined with selective pricing adjustments to capture higher financing volume helped to reduce the QoQ impact of higher special commission expense, delivering a record quarterly NSCI level in the Bank’s history. Fee & other income decreased by 6% YoY to reach SAR 7.2 billion in 9M 2026, primarily driven by lower Investment-related income, softer Trade finance and Capital markets activities, partially offset by growth
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Investor Relations Contact ir@alahli.com 21 October 2026 SNB 3Q 2026 Earnings Release Page 2 of 5 in Fee income from banking services , FX and International . On a sequential basis, Fee & other income declined by 14% QoQ to reach SAR 2.3 billion in 3Q 2026, compared with SAR 2.7 billion in 2Q 2026. At the same time, thanks to the positive impacts of the strategic growth of MSME, and the strategic pricing adjustments to drive Financing volumes, Fee income from banking services, net. expanded 6% YoY and 13% QoQ, to reach SAR 4.0 billion and SAR 1.4 billion, respectively. The 3Q 2026 Fee income from banking services, net represents a record quarterly level achieved in the history of the Bank. Operating expenses excluding amortization of intangibles increased by 4% for the period, while improving sequentially by 3% QoQ reflecting ongoing optimization initiatives. The Group Cost -to-income ratios improved YoY by 3bps to 25.1% and the Domestic Cost-to-income ratio came in at 22.6%. Credit quality continues to be strong, with a net impairment charge for 9M 2026 amounting to SAR 2.6 million, representing a 97% decrease YoY. SNB's balance sheet grew 4% YTD, with Total assets reaching a record SAR 1.3 trillion with ongoing focus on value driven growth in financing and advances Net financing and advances for the Group grew SAR 29 billion or 4% YTD to reach SAR 758 billion, driven primarily by a 4% increases in both Retail and Wholesale financing. Within Wholesale, Corporate & MSME increased by SAR 23 billion or by 7% YTD , offset by a SAR 9 billion drop in the Financial Institutions portfolio. Customers’ deposits grew by SAR 34 billion, or 5% YTD to reach SAR 670 billion, fueled by growth in Time deposits & others by SAR 56 billion, offset by a decrease in CASA balances of SAR 20 billion, which contributed to a CASA ratio of 66.2%. Sequentially, the QoQ contraction in customers’ deposits was a result of cost of funds optimization by making necessary adjustments to the finding mix. SNB continued to maintain robust capitalization and liquidity position. The Capital adequacy ratio expanded to 21.1%. The Liquidity coverage ratio reached 202.4%, the Net stable funding ratio reached 114.5% and the SAMA LDR reached 83.6%; with each of these ratios remaining within its respective regulatory threshold.
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Investor Relations Contact ir@alahli.com 21 October 2026 SNB 3Q 2026 Earnings Release Page 3 of 5 Income Statement Summary For the period ending 30 September 2026 SAR (mn) 3Q 2026 3Q 2025 Δ 9M 2026 9M 2025 Δ Net special commission income 8,048 7,304 +10% 23,411 21,626 +8% Fee and other income 2,318 2,841 -18% 7,188 7,642 -6% Total operating income 10,366 10,145 +2% 30,599 29,267 +5% Operating expenses (2,716) (2,492) +9% (8,308) (7,983) +4% Net operating income before impairment charge 7,649 7,654 -0% 22,291 21,284 +5% Net impairment charge for expected credit losses (323) (231) +40% (3) (93) -97% Income from operations, net 7,327 7,423 -1% 22,288 21,192 +5% Other non-operating income/(expenses), net (91) (145) -37% (340) (330) +3% Net income for the period before Zakat and income tax 7,235 7,277 -1% 21,948 20,861 +5% Zakat and income tax expense (780) (804) -3% (2,451) (2,277) +8% Net Income for the period after Zakat and income tax 6,455 6,473 -0% 19,497 18,584 +5% Net income attributed to non-controlling interests (5) (4) +19% (19) 43 -143% Net income attributed to equity holders 6,450 6,469 -0% 19,479 18,628 +5% Earnings per share1 1.02 1.04 -2% 3.13 2.99 +5% Return on tangible common equity 15.9% 17.5% -1.6ppt 16.8% 17.5% -0.7ppt Return on tangible common equity, adjusted2 17.5% 18.9% -1.4ppt 18.1% 18.9% -0.8ppt Return on tangible assets 2.1% 2.2% -0.1ppt 2.2% 2.2% -0.1ppt Net special commission margin3, 4 2.93% 2.80% +13bps 2.93% 2.88% +6bps Average commission earning assets 1,055,472 1,017,126 +4% 1,046,414 994,126 +5% Cost of risk5 0.17% 0.13% +4bps 0.00% 0.02% -2bps Cost to income ratio6, 7 24.2% 22.5% +1.7ppt 25.1% 25.2% -3bps Domestic cost to income ratio6, 7 21.6% 20.5% +1.1ppt 22.6% 22.6% -0bps 1 EPS is calculated using weighted average number of shares after deducting cost of T1 Sukuk 2 ROTE, adjusted = Annualized Net Income (before deducting Tier 1 Sukuk and Amortization of Intangible Costs) / Average Tangible Equity 3 Net special commission margin = Annualized Net Special Commission Income excluding FV adjustment / Average commission earning assets 4 Fair Value (FV) unwind: SAR 246mn in 3Q 2026, SAR 467mn in 9M 2026 (3Q 2025: SAR 132mn, 9M 2025: SAR 270mn) 5 Cost of risk (CoR) = Expected Credit Losses / Average Gross Financing and Advances including POCI 6 Cost to Income Ratio (CIR) = Total operating expenses before expected credit losses, excluding amortization of intangible ass ets / Total Operating Income 7 Amortization of Intangibles: SAR 205mn in 3Q 2026, SAR 615mn in 9M 2026 (3Q 2025: SAR 205mn, 9M 2025: SAR 615mn)
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Investor Relations Contact ir@alahli.com 21 October 2026 SNB 3Q 2026 Earnings Release Page 4 of 5 Balance Sheet Summary For the quarter as of 30 September 2026 SAR (mn) 3Q 2026 2Q 2026 Δ 4Q 2025 Δ 3Q 2025 Δ Investments, net 324,271 322,219 +1% 320,004 +1% 318,201 +2% Financing and advances, net 758,099 739,563 +3% 729,311 +4% 725,090 +5% Total assets 1,262,267 1,244,688 +1% 1,210,032 +4% 1,206,607 +5% Due to banks and other financial institutions 193,443 146,640 +32% 190,189 +2% 204,504 -5% Customers' Deposits 669,863 698,170 -4% 636,094 +5% 639,488 +5% Debt securities issued 76,103 77,064 -1% 72,994 +4% 70,102 +9% Term Loans 56,873 65,642 -13% 59,649 -5% 50,578 +12% Total liabilities 1,052,488 1,029,828 +2% 1,006,204 +5% 1,009,566 +4% Equity attributable to shareholders of the Bank 187,702 191,182 -2% 185,626 +1% 179,782 +4% Additional Tier 1 Capital 21,581 23,153 -7% 17,653 +22% 16,718 +29% Total equity 209,780 214,860 -2% 203,827 +3% 197,041 +6% NPL ratio excluding POCI 0.68% 0.67% +1bps 0.68% +0bps 0.80% -12bps Capital adequacy ratio 21.1% 22.0% -0.8ppt 21.2% -0.0ppt 20.8% +0.4ppt Liquidity coverage ratio 202.4% 243.7% -41.3ppt 285.1% -82.7ppt 262.6% -60.2ppt Net stable funding ratio 114.5% 119.0% -4.5ppt 114.2% +0.3ppt 112.3% +2.2ppt SAMA LDR 83.6% 77.9% +5.6ppt 82.5% +1.1ppt 82.8% +0.8ppt
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Investor Relations Contact ir@alahli.com 21 October 2026 SNB 3Q 2026 Earnings Release Page 5 of 5 Additional Information SNB’s 3Q 2026 financial statements, earnings release, and earnings presentation are available on the SNB IR website in advance of the 3Q 2026 Earnings Call, accessible at: SNB Investor Disclosures For additional information, please contact SNB at: SNB Tower, Unit No. 778 King Abdullah Financial District 3208, Al Aqeeq District, King Fahad Road Riyadh, Kingdom of Saudi Arabia, 13519 - 6676 Institutional investor contact SNB Investor Relations ir@alahli.com Shareholder contact SNB Shareholder Affairs shareholdersaffairs@alahli.com Media contact SNB Press Office pressoffice@alahli.com