JS Bank reports Rs1.29bn profit for Q1 2025

KARACHI: JS Bank has announced its financial results for the first quarter ended March 31, 2025. The bank reported an unconsolidated profit before tax of Rs2.74 billion, while profit after tax stood at Rs1.29 billion. Earnings per share for the period were Re0.63, compared to Re0.84 in the same quarter last year.

Despite a significant reduction in the regulatory policy rate year-on-year, the bank delivered steady growth in its core earnings. Net interest income increased by 5.0 per cent year-on-year (YoY) to Rs7.43 billion, while total revenue for the quarter reached Rs10.61 billion. Core fee income also showed strong momentum, rising 19 per cent YoY to Rs1.31 billion. The growth in core earnings was primarily driven by an improvement in average non-remunerative deposits and volumetric expansion across the balance sheet.

On a YoY basis, the bank’s average non-remunerative deposits grew by Rs22 billion. As of March 31, 2025, period-end non-remunerative deposits stood at Rs179.95 billion, representing 34 per cent of the deposit mix. The bank’s total assets increased to Rs670 billion, up from Rs636 billion at year-end 2024.

The net investment portfolio grew by 19 per cent to Rs 361 billion, while customer deposits rose to Rs534 billion. Net advances stood at Rs193 billion, reflecting a prudent lending approach.

On a consolidated basis, the bank posted a profit before tax of Rs7.49 billion and a profit after tax of Rs3.1 billion. Consolidated earnings per share were reported at Rs1.18.