Bank Alfalah Limited reported a 42.8% increase in profit after tax to Rs30.61 billion for January to September 2026. Capital gains, higher net interest income and controlled expenses supported the bank’s earnings growth.
Earnings per share climbed to Rs9.71 from Rs6.80 in the corresponding period of 2025. The board approved the financial results on Thursday, October 22, covering the nine months ended September 30, 2026.
Directors also declared a third interim cash dividend of Rs1.50 per share, equivalent to 30% of face value. This takes the cumulative nine-month payout to Rs4.50 per share, or 90%. The corresponding restated payout in 2025 stood at Rs3.75 per share, or 75%.
The latest dividend brings the payout 20% above the comparable period last year, based on the disclosed per-share figures.
Earlier this year, shareholders approved a two-for-one share split at the bank’s annual general meeting on March 26. The split increased its share count to 3,154,330,238 and reduced the face value to Rs5 each. Consequently, the bank restated comparative earnings and dividend figures per share.
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Bank Alfalah’s total deposits remained above Rs2.5 trillion, closing September at Rs2.62 trillion after growing 20.8% year on year. Current deposits reached Rs1.10 trillion, an increase of 16.9% over the same period.
The gross loan book expanded 11.3% to Rs1.20 trillion. Lending to small and medium enterprises, agriculture and consumer segments drove that growth.
Net interest income increased 5.5% year on year. The bank attributed this improvement to sustained higher average current account volumes and better margins on lending.
Non-funded income grew faster, rising 31.1% during the nine-month period. Capital gains from strategic portfolio rebalancing, higher foreign exchange income and broader fee growth supported the increase.
Fee income growth came across remittances, government-to-person payment schemes, branch banking and trade. Cash management and wealth management services also contributed, according to the bank.
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Bank Alfalah limited operating expense growth to 4.1% through its ongoing cost-optimisation measures. Expenses therefore grew more slowly than both net interest income and non-funded income during the reporting period.
The bank said it would maintain disciplined cost management while pursuing operational improvements and sustainable growth. Its stated priorities also include stronger customer focus, digital innovation and long-term competitiveness, alongside its core strategic objectives.
Bank Alfalah reported a capital adequacy ratio of 14.79% as of September 30 and described its capital position as adequate.
The nine-month performance follows higher earnings in the first half of 2026. Bank Alfalah previously reported a 39.6% increase in half-year profit after tax to Rs21.32 billion. Earnings per share for that period rose to Rs6.76 from Rs4.84 a year earlier. The latest results extend that earnings growth into the third quarter.
