Habib Bank Limited (HBL): 4QCY23 EPS clocked in at PKR10.1 – Below expectation – By Insight Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Habib Bank Limited has announced its annual result today, wherein bank posted consolidated PAT of PKR57.7bn (EPS: PKR39.3) vs. PKR34.3bn (EPS: PKR23.2) reported in SPLY, up by 69% YoY. The increase is mainly driven by 46% YoY jump in NII during the year.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Markup income clocked in at PKR202bn in 4QCY23 vs. PKR190bn in 3QCY23, up by 6% QoQ. Similarly, markup expense recorded an increase of 9% QoQ. Resultantly, NII for the quarter inched up by ~1% QoQ.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Non Funded Income clocked in at PKR20.3bn compared to PKR13.0bn in preceding quarter. The jump is mainly attr...