Habib Bank Limited (HBL): 1QCY25 Result Review — Higher NII led to earnings incline - By AKD Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Habib Bank Limited (HBL) announced its 1QCY25 financial results earlier today, where in the bank posted profit of PkR16.6bn (EPS: PkR11.3) for the quarter, up 9%YoY/10%QoQ. The result is above our expectations due to lower than expected taxation expense. In addition to the result, bank announced an interim cash payout of PkR4.5/sh.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">NII was recorded at PkR68.8bn in 1QCY25, up 12%YoY/14%QoQ, as drop in mark-up earned was overshadowed by a higher decline in mark-up expensed.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Mark-up earned decreased by 21%YoY/17%QoQ to PkR157bn, due to significant decline in yi...