SNB Capital Notes Al Rajhi Bank's 'Strong' Fee Income in Q2 Earnings

01:13 AM EDT, 07/22/2026 (MT Newswires) -- SNB Capital Research on Tuesday highlighted Al Rajhi Bank's (SASE:1120) robust fee income in the Saudi Arabia-listed lender's second-quarter results. "Al Rajhi Bank reported a broadly in-line set of Q2 26 results. Net income increased by 14.0% yoy (+3.9% qoq) to SAR7.0bn in Q2 26 vs the SNB Capital and consensus estimates of SAR6.7bn and SAR6.9bn, respectively. The key highlight of the result was strong growth in the Fee and other income, which diluted the impact of [higher-than-expected] provisioning," analysts said Tuesday. The bank's fee and other income increased 12.1% year over year to 2.58 billion Saudi riyals, surpassing the research firm's forecast of 1.98 billion riyals. The stock has a neutral rating and price target of 74.7 riyals at SNB Capital.