Logo ofstc Bank
stc Bank reported record revenue approaching SAR 400 million in Q1 2026, up 24% year-on-year (YoY), driven by continued service expansion and a range of banking activities for customers. 
The bank expanded its financing services and launched a new range of credit cards from Q1 2026.
As a result, the bank recorded a profit margin of 51.6% in Q1 2026, compared to 33.5% in the same quarter last year. This was supported by revenue growth and continued improvement in operational efficiency, alongside a decline in the direct cost-to-revenue ratio.
Financial Results Summary (SAR mln)
Item
2025
2026
Q1
Q2
Q3
Q4
Q1
Revenue
319.7
376.7
336.2
368.4
397.0
Direct costs
(212.8)
(203.0)
(177.4)
(83.0)
(192.0)
Cost-to-revenue ratio
66.5%
53.9%
52.8%
22.5%
48.4%
Gross profit
107.0
173.7
158.8
285.4
205.0
Gross profit margin
33.5%
46.1%
47.2%
77.5%
56.1%
Logo ofstc Bank
stc Bank reported record revenue approaching SAR 400 million in Q1 2026, up 24% year-on-year (YoY), driven by continued service expansion and a range of banking activities for customers.
The bank expanded its financing services and launched a new range of credit cards from Q1 2026.
As a result, the bank recorded a profit margin of 51.6% in Q1 2026, compared to 33.5% in the same quarter last year. This was supported by revenue growth and continued improvement in operational efficiency, alongside a decline in the direct cost-to-revenue ratio.
Financial Results Summary (SAR mln)
Item
2025
2026
Q1
Q2
Q3
Q4
Q1
Revenue
319.7
376.7
336.2
368.4
397.0
Direct costs
(212.8)
(203.0)
(177.4)
(83.0)
(192.0)
Cost-to-revenue ratio
66.5%
53.9%
52.8%
22.5%
48.4%
Gross profit
107.0
173.7
158.8
285.4
205.0
Gross profit margin
33.5%
46.1%
47.2%
77.5%
56.1%
