Habib Metropolitan Bank Limited (HMB): 1QCY24 EPS clocks-in PKR 5.68; PAT up 5%YoY; DPS: PKR 2.50 – By Taurus Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">1QCY24 EPS: PKR 5.68. 1QCY24 PAT up 5%YoY. The Bank also announced PKR 2.50/sh. in interim cash dividend.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Net Interest Income (NII): Up 20%YoY. However, fell 18% on a sequential basis owing to 14%QoQ increase in interest expenses compared to only 3% increase in interest income due to peaking yields mainly.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Non-Markup Income (NMI): Up 20%YoY. But fell 16%QoQ, mainly due to booking of a capital loss of PKR 267.1Mn during the quarter against a capital gain of ~PKR 97Mn in 4QCY23 along with 26%QoQ drop in income from foreign exchange.</span></li></ul><p></p>