MCB

⚡ Flash Summary

MCB Bank Limited has announced the credit of its Third Interim Cash Dividend (D-91) for the quarter ended September 30, 2025. The dividend is PKR 9.00 per share, which is 90% of the share value. The dividend has been directly credited to the bank accounts of shareholders who have provided the necessary information, including valid CNIC/NICOP/NTN and IBAN details. Shareholders who have not yet provided this information will have their dividend withheld in compliance with SECP regulations.

📌 Key Takeaways

• 💰 MCB Bank Limited declared a Third Interim Cash Dividend (D-91) for the quarter ended September 30, 2025.
• ✅ The dividend amount is PKR 9.00 per share, representing 90% of the share value.
• 🏦 Dividends have been directly credited to shareholders’ bank accounts.
• 🆔 Shareholders must have provided valid CNIC/NICOP/NTN and IBAN details for direct credit.
• 🛑 Dividends are withheld for shareholders who have not provided the requisite information as per SECP regulations.
• 🌐 Central Depository Company of Pakistan Limited (CDC) has developed a Centralized Cash Dividend Register (CCDR).
• 🖥️ CCDR is an eServices web portal with details on cash dividends, including paid, unpaid, or withheld amounts.
• 🧾 Shareholders can access CCDR via https://eservices.cdcaccess.com.pk to view their dividend history.
• 📊 Dividend/Zakat & Tax Deduction Reports are available through participants (stock brokers) on CDS terminals.
• 📧 Shareholders will receive a copy of the report on their registered email addresses.
• 📝 In case of non-receipt of dividends, shareholders can contact the Share Registrar and Transfer Agent with Folio/CDC Account Number.
• 💸 Payment of withheld dividends will be made electronically within 15 days of receiving the necessary information.
• ❗ Shareholders must ensure that their provided bank account is active to facilitate dividend credit.
• 📅 The announcement is dated November 12, 2025, with the dividend publication scheduled for November 13, 2025.

🎯 Investment Thesis

Given the limited information, a HOLD recommendation is appropriate. The dividend payout is positive, but a comprehensive assessment requires further financial data and analysis. A price target cannot be accurately determined without more information.

⚡ Flash Summary

MCB Bank Limited’s corporate briefing session highlights a mixed financial performance. While the bank saw a significant increase in investments and deposits, profitability metrics such as PBT and PAT experienced a YoY decrease. The bank’s strategic focus on digital transformation and sustainable growth is evident, despite facing challenges from a declining interest rate environment and increased operating expenses. MCB maintains a strong capital position, exceeding regulatory requirements, and remains committed to advancing financial inclusion.

📌 Key Takeaways

• 🏦 PBT decreased by 8.0% YoY to PKR 87.5 billion.
• 📉 PAT declined by 15.2% YoY to PKR 41.1 billion.
• 📊 NIM saw a decrease of 5.8% YoY, landing at PKR 108.8 billion.
• ⬆️ Investments surged by 72.2% YTD to PKR 2.0 trillion, largely in government securities.
• 💰 Deposits increased by 16.1% YTD, reaching PKR 2.2 trillion.
• 💸 Advances plummeted by 37.8% YTD, registering at PKR 680.7 billion.
• 🏠 Home remittance inflows grew by 7.6% YoY, totaling USD 3.4 billion for 9M-2025.
• ✅ Capital Adequacy Ratio (CAR) stands at 19.88%, exceeding regulatory requirements.
• 💡 Current Deposits saw a robust increase of 28.8%, adding PKR 272 billion.
• 🤝 NPL (Stage-3) decreased by Rs. 3.4 billion, improves asset quality.
• 🎯 Recovery from NIB NPL stock amounts to Rs. 11.11 billion.
• 🌐 Network is one of the largest branch networks on consolidated basis with 1396 domestic branches.
• ✔️ The bank’s Cost to Income ratio stands at 37.65% as compared to 31.13% in the prior year period.
• ✔️ Domestic cost of deposits reduced to 5.01%, significantly down from 10.47% in SPLY.

🎯 Investment Thesis

MCB Bank presents a HOLD recommendation. While the bank has demonstrated growth in deposits and investments, the declining profitability metrics and economic uncertainty warrant a cautious approach. The bank’s strategic initiatives in digital transformation and sustainable growth are promising, but their impact on profitability needs to be closely monitored. A price target will be difficult to set since the briefing session did not provide enough forward looking guidance. The time horizon is medium term, as it will take time to see the success of the bank’s initiatives.

⚡ Flash Summary

MCB Bank Limited is holding a corporate briefing session to discuss the bank’s financial performance for the period ended September 30, 2025, and provide a future outlook. The session will be held on Thursday, November 13, 2025. Mr. Hammad Khalid, Chief Financial Officer, will be a speaker at the event, which will be hosted by Ms. Yusra Farhan from Intermarket Securities Limited. Interested participants are requested to register through the provided Zoom link.

📌 Key Takeaways

• 🗓️ Corporate briefing session scheduled for November 13, 2025.
• 🏢 Organized by Intermarket Securities Limited.
• 🗣️ Mr. Hammad Khalid, MCB’s CFO, will be a speaker.
• 🎤 Hosted by Ms. Yusra Farhan from Intermarket Securities.
• 🏦 Discussion on financial performance for the period ended September 30, 2025.
• 🔮 Includes future outlook for MCB Bank.
• 💻 Session will be accessible via Zoom.
• 🔗 Registration required through the provided Zoom link: https://zoom.us/meeting/register/oK1RLOfxTymMtkOcN4OzIg#/registration
• 🌍 Timings: 14:00 (Pakistan), 09:00 (UK), 17:00 (HK & Singapore).
• 📄 Flyer with session details and registration process is enclosed.

🎯 Investment Thesis

HOLD. This is based solely on the provided announcement. A more detailed assessment requires the financial data to be presented during the briefing session on November 13, 2025. After the briefing, a stronger BUY or SELL signal can be considered.

⚡ Flash Summary

MCB Bank Limited declared a Third Interim Cash Dividend of PKR 9.00 per share (90%) for the quarter ended September 30, 2025. The dividend will be paid to shareholders listed on the Register of Members as of October 31, 2025. The Share Transfer Books will be closed from November 3, 2025, to November 5, 2025, to determine entitlement. Shareholders are reminded to provide valid CNIC/NICOP/Passport and IBAN details to receive the dividend, as per regulatory requirements. The bank also urged shareholders to convert physical shares into book-entry form for safe custody.

📌 Key Takeaways

• 💰 MCB Bank announced a Third Interim Cash Dividend for 2025.
• 💵 The dividend is PKR 9.00 per share, which is 90% of the share value.
• 🗓️ The dividend applies to the quarter that ended on September 30, 2025.
• 🏦 Shareholders listed by October 31, 2025, will receive the dividend.
• 🚫 Share transfers will be suspended from November 3 to November 5, 2025.
• 🆔 Valid CNIC/NICOP/Passport and IBAN are mandatory for dividend payment.
• ✉️ Shareholders must also provide their email addresses as per SECP regulations.
• ⚠️ Unclaimed dividends and share certificates should be claimed from the Share Registrar.
• 🧑‍🤝‍🧑 Joint account holders must declare their shareholding percentage for tax calculation.
• 🧾 FBR approval or tax exemption certificate is required for tax exemption claims.
• 🏢 Physical shares should be converted to book-entry form as per Companies Act, 2017.
• 🏦 Announcement was made on October 28, 2025.
• 📅 Board of Directors meeting was held on October 22, 2025.

🎯 Investment Thesis

HOLD. Given the interim dividend announcement and adherence to regulatory requirements, MCB appears stable. However, a more thorough analysis of MCB’s financial statements, market position, and sector dynamics is needed before recommending a BUY or SELL. Target price and time horizon will depend on the outcome of this comprehensive analysis and prevailing market conditions.

⚡ Flash Summary

MCB Bank Limited reported a Profit Before Tax (PBT) of Rs. 29.42 billion for Q3 2025, leading to a cumulative nine-month PBT of Rs. 87.48 billion. Profit After Tax (PAT) reached Rs. 41.10 billion, resulting in Earnings Per Share (EPS) of Rs. 34.68. Net interest income saw a 5.8% year-on-year decline, attributed to monetary easing, though partially offset by strategic low-cost deposit mobilization. Despite a decrease in non-markup income, the bank declared a third interim cash dividend of Rs. 9.00 per share, bringing the total to Rs. 27.00 per share for the nine-month period.

📌 Key Takeaways

• ⚠️ Net interest income declined 5.8% year-on-year due to monetary easing.
• 💰 Non-markup income decreased 3.1% year-on-year to Rs. 26.0 billion.
• 🏠 Fee and commission income dropped 15% to Rs. 13.98 billion amid heightened competition.
• 💱 Foreign exchange income increased 5% to Rs. 7.9 billion.
• 📊 Dividend income surged 30% to Rs. 3.2 billion.
• 📱 Card-related income grew 18% year-on-year, fueled by increased transaction volumes.
• 🏦 Branch banking fee income rose 14% driven by better customer engagement.
• ⬆️ Operating expenses increased 14.6% year-on-year reflecting technology and talent investments.
• 📉 Cost-to-income ratio remained healthy at 37.65% despite expense growth.
• 💪 Total assets grew 20% to Rs. 3.23 trillion, driven by a 72% increase in net investments.
• 📉 Gross advances decreased 38% reflecting cautious lending.
• ✅ Asset quality remained strong, with non-performing loans at Rs. 50 billion (infection ratio 7.35%, coverage ratio 92.24%).
• 🏦 Deposits closed at Rs. 2.23 trillion, boosted by a Rs. 272 billion increase in current deposits.
• 💸 Domestic cost of deposits declined significantly to 5.01% from 10.47% in 2024.
• 💹 ROA reported at 1.85%, ROE at 23.50%, and Book Value per Share improved to Rs. 201.85.

🎯 Investment Thesis

Based on the announcement, a HOLD recommendation is appropriate for MCB Bank. The bank shows a robust balance sheet, but revenue growth is limited by external economic factors (monetary easing impact on net interest income). The consistent dividend payout provides downside protection. A price target would depend on a full discounted cash flow valuation. This is a medium term view.

⚡ Flash Summary

MCB Bank Limited has announced the placement of its Third Quarterly Financial Statements for the period ended September 30, 2025, on the bank’s website. This action complies with regulatory requirements outlined in the PSX Rule Book. Shareholders can access the financial statements through the provided link or request a printed copy from the bank’s registered office. The announcement indicates adherence to transparency and regulatory standards.

📌 Key Takeaways

• 📢 MCB Bank Limited has placed its Third Quarterly Financial Statements on its website.
• 🗓️ The financial statements are for the period ended September 30, 2025.
• 🌐 The statements are accessible via the link: https://www.mcb.com.pk/assets/documents/Third-Quarter-Report-2025.pdf.
• 🔗 Shareholders can access the statements through the provided link.
• 🖨️ Shareholders can request a printed copy of the financial statements.
• 🏢 Requests must be made in writing to the Registered Office at MCB Building, Lahore.
• 6️⃣ The Registered Office is located on the 6th Floor, 15-Main Gulberg, Jail Road, Lahore.
• 🚚 Printed copies will be sent free of cost within one week of the request.
• 📜 The announcement complies with Rule No. 5.6.9 (b) of the PSX Rule Book.
• 📰 The announcement will be published in the Daily “Business Recorder” and the Daily “Jang” on October 30, 2025.

🎯 Investment Thesis

Given the lack of financial details in the announcement, a neutral HOLD recommendation is appropriate. Investors should review the Third Quarterly Financial Statements to assess the bank’s financial performance and future prospects before making an investment decision. Further analysis is required to determine a price target.