KUALA LUMPUR: MBSB Bhd
’s net profit fell 53.7% to RM44.2mil in the second quarter ended June 30, 2026 (2Q26), from RM95.6mil a year earlier.
Revenue declined 11.1% to RM829.9mil from RM933.4mil in the previous corresponding quarter, while earnings per share fell to 0.54 sen from 1.16 sen.
MBSB declared a dividend of 0.86 sen per share for the quarter, compared with two sen per share in the previous corresponding quarter.
On a quarter-on-quarter basis, the group recorded an improvement in performance, with pre-tax profit rising 50.5% to RM61.4mil from RM40.8mil in the first quarter, supported by higher funded and non-funded income as well as lower impairment charges.
MSBS, in a statement, said its net funded income advanced 4.4% quarter-on-quarter to RM272.5mil from RM261.1mil, driven by an expansion in the group's financing base while its net profit margin remained steady.
Non-funded income rose 9.3% to RM79.8mil from RM73mil, lifting net income to RM352.3mil from RM334.1mil.
In the first six months to June 30, MBSB’s net profit fell 58.7% to RM74.4mil from RM180.2mil a year earlier, while revenue declined 10.4% to RM1.61bil from RM1.80bil.
Meanwhile, gross financing expanded to RM46.9bil from RM42.9bil year-on-year, led by the corporate banking segment.
“Customer deposits increased to RM41.9bil from RM37.3bil, with current account and savings account (CASA) balances rising by RM3.6bil.
“The improved deposit mix lifted the CASA ratio to 16.8% from 10.0%, bringing the group's cost of funds down by 32 basis points to 3.4%,” MBSB said.
The group said its capital position remained robust after the dividend, with a Common Equity Tier 1/Tier 1 capital ratio of 17.3% and total capital ratio of 19.7%.
Its liquidity coverage ratio stood at 133.6%, above the regulatory requirement of 100%.
