Habib Bank Limited (HBL): Earnings Beat on Strong NII, Securities Gains & Lower Provision - By IIS Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Habib Bank Limited (HBL) has announced 1QCY25 result, where the bank has posted consolidated earnings of PKR 11.3/sh, up by 11% YoY and 14% on QoQ basis. The result is above our expectations, mainly due to higher Net Interest Income (NII), higher than expected gain on securities and lower provisions. The bank has announced interim dividend of PKR 4.5/sh against our expectation of PKR 4.0/sh.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">NII increased by 14% YoY and QoQ, driven by lagged repricing of assets while deposit costs adjusted earlier. Non markup income up by 7% YoY and down by 40% QoQ, because of normalization of other income. Gain on sale of securities clocked in at PKR 4.1bn vs. Loss...