HBL will announce its 1QCY19 result on 24th April, 2019. Analysts expect HBL to post earnings of PKR 1.7bn (PKR 1.15/share) during 1QCY19, down 63% YoY while decreasing 31% QoQ.
Primary drags on the profitability include the one-off additional super tax charge that all banks are required to pay on CY17 PBT, and continuation of the high OPEX (+22% YoY/24% QoQ) era for HBL (on account of NY branch related costs and business transformation costs).
Some support for the bank’s earnings is expected from a 12% YoY/9% QoQ hike in the bank’s NII, while NFI is expected to portray a jump of 15% YoY on the back of higher fee income.
NFI on a sequential basis is expected to register a significant 35% QoQ uptick owing to lower FX losses (hefty FX losses of PKR 2.7bn were booked during 4QCY18).
Analysts expect the bank to announce a dividend of PKR 1.00/share for the quarter.