First Abu Dhabi Bank (FAB), one of the world’s largest financial institutions, said its operating income increased by 6% yoy to AED9.34 billion ($2.54 billion) for the first quarter of 2026, while operating profit rose by 5% yoy to AED7.22 billion ($1.97 billion). 

The group recorded a net profit of AED5.01 billion ($1.36 billion), while Return on Tangible Equity (RoTE) remained firmly above the group’s medium-term guidance at 17.8%.

FAB’s performance for the period was supported by strong operating momentum across its franchise, diversified income streams, and sustained activity across key business segments. Net interest income rose 12% yoy to AED5.61 billion, driven by solid business volumes and resilient margins, while non-interest income stood at AED3.72 billion and contributed 40% of Group revenue in Q1’26.

Balance sheet growth remained broad-based supported by strong lending activity and continued deposit inflows. Total assets rose by 6% year- to- date to AED1.49 trillion, surpassing $400 billion for the first time. Loans and advances (net) increased by 8% ytd to AED668 billion, reflecting healthy origination momentum across divisions, economic sectors, and geographies. Customer deposits grew by 4% ytd to AED871 billion on the back of strong inflows within the UAE.

FAB has delivered a strong start to 2026, with first quarter Group revenue of AED 9.34 billion and net profit of AED 5.01 billion. Return on Tangible Equity remained solid at 17.8%.

Q1 2026 year performance reflects the strength of diversified franchise, disciplined risk management, and strong credit profile, despite a more volatile backdrop towards the end of the quarter. These fundamentals are reflected in AA- or equivalent credit rating, the strongest combined rating among MENA banks and one of the strongest globally, alongside consistent profitability, supported by a balanced revenue mix, disciplined cost management, and a prudent risk approach.