Saudi National Bank (SNB) delivered net income of SAR 6,021.9 million in the first quarter of 2025, a 19.5% year-on-year increase, with earnings per share rising to SAR 1.00 from SAR 0.84 a year earlier, the bank said in its results announcement. SNB was created through the merger of National Commercial Bank and Samba Financial Group in 2021.
Net impairment charges fell about 95% year-on-year to SAR 31.1 million.
COMMISSION INCOME AND OPERATING INCOME
Net special commission income, the Saudi reporting term for net interest income, rose approximately 5% year-on-year to SAR 7,251.1 million. Total operating income increased 7.5% year-on-year to SAR 9,611.5 million.
SNB is the largest bank in Saudi Arabia by total assets and serves retail, corporate and treasury clients across the Kingdom, with international operations in a number of markets. Shareholders' equity was reported at SAR 172.3 billion at the end of the quarter.