External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Habib Bank (HBL) posted 2Q2024 consolidated earnings of Rs9.8/share, up 11% YoY while down 6% QoQ. This takes 1H2024 EPS to Rs20.2/share up 13% YoY. The result came in line with industry expectations.</li><li>Alongside result, bank also announced a second interim cash dividend of Rs4/share, taking 1H2024 dividend to Rs8/share.</li><li>Net Interest Income (NII) for 2Q2024 settled at Rs61bn up 5% YoY due to rise in asset yields. On QoQ basis NII was also up 1% where interest earned increase by 6% to Rs209bn while interest expense up by 8% at Rs148bn in 2Q2024.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Habib Bank (HBL) posted 2Q2024 consolidated earnings of Rs9.8/share, up 11% YoY while down 6% QoQ. This takes 1H2024 EPS to Rs20.2/share up 13% YoY. The result came in line with industry expectations.Alongside result, bank also announced a second interim cash dividend of Rs4/share, taking 1H2024 dividend to Rs8/share.Net Interest Income (NII) for 2Q2024 settled at Rs61bn up 5% YoY due to rise in asset yields. On QoQ basis NII was also up 1% where interest earned increase by 6% to Rs209bn while interest expense up by 8% at Rs148bn in 2Q2024.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Habib Bank (HBL): 2Q2024 EPS at Rs9.8, up 11% YoY (Earnings in Line with Industry Expectations)

Habib Bank Ltd

Habib Bank (HBL): 2Q2024 EPS at Rs9.8, up 11% YoY (Earnings in Line with Industry Expectations)