Karachi: The First Credit and Investment Bank Limited has reported its financial results for the year ended June 30, 2026, with the Board of Directors announcing no plans for cash dividends, bonus shares, or right shares in their meeting held on September 17, 2026. The board's decision reflects the bank's current financial performance and strategic considerations.

The company's financial report reveals a notable decrease in income from investments, dropping to Rs. 169.45 million from Rs. 530.09 million the previous year. This decline has been a significant factor in the company's decision not to declare any dividends or other shareholder entitlements for the fiscal year. According to information available from the Pakistan Stock Exchange (PSX), such financial moves are critical indicators for investors analyzing the bank's fiscal health and future prospects.

Despite the decrease in investment income, the bank's total income was Rs. 257.21 million, down from Rs. 602.16 million in 2025. The company's administrative and operating expenses rose to Rs. 104.87 million from Rs. 98.61 million, contributing to a more challenging financial environment.

The bank's profit after taxation was reported at Rs. 66.01 million, a slight improvement from Rs. 56.27 million in the previous year. Earnings per share increased to Rs. 1.02 from Rs. 0.87, indicating a moderate move in profitability despite the overall drop in income. The total comprehensive income for the year stood at Rs. 17.09 million, down from Rs. 88.60 million in 2025, showcasing a very large or significant move due to other comprehensive losses.

The bank's equity and liabilities were reported at Rs. 4.37 billion, compared to Rs. 4.11 billion in 2025. Shareholders' equity increased slightly to Rs. 892.56 million from Rs. 875.47 million, while total liabilities rose to Rs. 3.47 billion from Rs. 3.24 billion.

The Annual General Meeting (AGM) for the company is scheduled for October 24, 2026, at the registered office in Karachi. Shareholders registered by October 15, 2026, will be eligible for any potential future entitlements. The share transfer books will be closed from October 16, 2026, to October 24, 2026, inclusive.

The bank plans to distribute its Annual Report electronically through PUCARS 21 days before the AGM, providing detailed insights into its financial performance and strategic outlook.