Karachi: Soneri Bank Limited has announced its financial results for the third quarter and the nine months ending September 30, 2026, revealing a decline in quarterly profits attributed to increased operating expenses and a decrease in net interest income. The financial report, released on October 26, 2026, provides insights into the bank's performance over the recent period.

For the quarter ending September 30, 2026, Soneri Bank reported a profit after taxation of 545.45 million rupees, compared to 806.91 million rupees for the same period in 2025. This reflects a significant move of 32.42% in profits. The bank's net mark-up/interest income for the quarter decreased to 6.10 billion rupees from 6.73 billion rupees in the previous year, contributing to the lower profit margins.

Operating expenses for the quarter surged to 7.40 billion rupees from 6.26 billion rupees, impacting the overall profitability. The bank also recorded a credit loss allowance and write-offs netting a positive 327.94 million rupees, compared to a negative allowance of 228.65 million rupees in the previous year.

According to information available from the Pakistan Stock Exchange (PSX), Soneri Bank's total income for the quarter amounted to 8.33 billion rupees, down from 9.69 billion rupees in the same quarter of the prior year. Non mark-up/interest income also saw a decrease, standing at 2.23 billion rupees compared to 2.96 billion rupees for the third quarter of 2025.

For the nine months ending September 30, 2026, the bank reported a profit after taxation of 2.94 billion rupees, a decline from 3.30 billion rupees in the same period last year. The bank's total income for the nine months stood at 25.13 billion rupees, down from 27.51 billion rupees in 2025.

The bank's basic and diluted earnings per share for the quarter were reported at 0.4948 rupees, a decrease from 0.7319 rupees during the same quarter last year, further highlighting the financial challenges faced over the recent period.