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) announced its 2Q2025 results today, reporting consolidated earnings of Rs17.8bn (EPS: Rs12.1), up 24% YoY and 10% QoQ.</li><li>The 2Q2025 results came higher than industry expectations due to higher-than-expected Net Interest Income (NII) driven by 17% QoQ increase in deposits to Rs5.2tn in Jun 2025.</li><li>We have BUY stance on HBL, with the stock currently trading at a 2025E/2026E PE ratio of 6.0x/5.7x and dividend yield of 8%/8%.</li></ul>

Habib Bank (HBL) announced its 2Q2025 results today, reporting consolidated earnings of Rs17.8bn (EPS: Rs12.1), up 24% YoY and 10% QoQ.The 2Q2025 results came higher than industry expectations due to higher-than-expected Net Interest Income (NII) driven by 17% QoQ increase in deposits to Rs5.2tn in Jun 2025.We have BUY stance on HBL, with the stock currently trading at a 2025E/2026E PE ratio of 6.0x/5.7x and dividend yield of 8%/8%.

Habib Bank (HBL): 2Q2025 EPS at Rs12.1, Up 24% YoY (Earnings Higher Than Industry Expectations)

Habib Bank Ltd

Habib Bank (HBL): 2Q2025 EPS at Rs12.1, Up 24% YoY (Earnings Higher Than Industry Expectations)