Abu Dhabi Islamic Bank Rating Revised to Buy as FAB Notes Q3 Results

06:32 AM EDT, 10/30/2026 (MT Newswires) -- FAB Securities updated its rating for Abu Dhabi Islamic Bank PJSC (ADX:ADIB) to buy from accumulate following the company's third-quarter results. The research firm said Friday that Abu Dhabi Islamic Bank's third-quarter attributable net profit of 1.73 billion Emirati dirhams, up 0.2% year over year, was below its estimate of 1.82 billion dirhams. Meanwhile, operating income edged up 0.3% to 3.22 billion dirhams, against FAB's expected 3.42 billion dirhams. "The Bank raised its 2026 financing growth guidance to 20-22% from 18-20% and revised its net profit margin guidance to 3.5%-3.6% from 3.7%-3.8%. Cost of risk guidance was narrowed to 0.40%-0.50% from 0.40%-0.60%. The Bank maintained its cost-to-income ratio guidance below 30% and its ROE guidance above 25%. Management also indicated that every 50-bps increase in rates could generate c. AED 120-130 Mn in additional income once financing repricing normalises," analysts said in a first look note. The stock's price target was unchanged at 26 dirhams.